Real Estate
Hong Kong ramps up FX intervention to defend currency peg
[MELBOURNE] Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg.The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion...
Ford pulls guidance, warns it will take US$1.5 billion hit from Trump’s tariffs
[DETROIT] Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies would cost the company about US$1.5 billion in...
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent yearsPublished Mon, May 5, 2025 · 10:01 PM[RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65...
Tyson Foods beats quarterly profit estimates on strong chicken demand
The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at homePublished Mon, May 5, 2025 · 09:02 PM[NEW YORK] Tyson Foods...
Procurri Corp moves towards delisting by appointing IFA for privatisation offer
[SINGAPORE] Procurri Corp has appointed Evolve Capital Advisory as the independent financial adviser (IFA) for the acquisition offer from parent company Exeo Global Asset Holdings amid a potential delisting...
SIC proposes changes to takeovers and mergers code to protect competitive process, improve disclosures
[SINGAPORE] The Securities Industry Council (SIC) on Monday (May 5) issued a consultation paper on amendments to Singapore’s Code on Take-overs and Mergers, with the aim to enhance regulation...
Singapore stocks end higher on Monday; STI up 0.2%
Top gainer is DFI Retail Group at US$2.71, while the biggest decliner is Yangzijiang Shipbuilding at S$2.11[SINGAPORE] Stocks in Singapore ended higher on Monday (May 5), tracking Friday’s gains...
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Published Mon, May 5, 2025 · 05:16 PM[TAIPEI] Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely...
