Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Shares of New World Development soared on Monday, jumping 11.4% to HK$5.37, their highest since late December, after the Hong Kong-based developer announced measures to boost cash flow and reduce debt.
The surge followed the company’s HK$6.63 billion ($852.63 million) interim net loss report on Friday, prompting a strategic shift. New World plans to accelerate property sales, cut capital expenditure, and negotiate refinancing terms with banks. The developer expects waivers on financial covenants to be extended, easing liquidity concerns.
With net gearing surpassing 88%, New World holds one of the highest debt ratios in the sector, raising market fears of a crisis similar to China’s real estate downturn in 2021, which triggered multiple defaults. Investors reacted positively to the company’s proactive steps to stabilize its financial position.
As the Hong Kong property sector faces ongoing economic challenges, New World’s restructuring efforts will be closely watched by analysts and investors.
