New World Development drops after company to defer coupon payments

HONG KONG :Shares of New World Development dropped as much as 9.8 per cent after the Hong Kong property developer said it would defer coupon payments scheduled for June on perpetual bonds, casting further liquidity concerns for the cash-strapped firm.
The shares fell to HK$4.32 ($0.5508) each, their lowest since April 9. That compared to a 1.9 per cent fall in benchmark Hang Seng Index.
($1 = 7.8428 Hong Kong dollars)

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• Independent Singapore

The millionaire mindset: 3 powerful ways wealthy people think differently

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Straits Times

12 hours ago

• Straits Times

Asus fends off bid to ban US laptop imports in Lenovo patent dispute

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CNA

12 hours ago

• CNA

Taiwan central bank says US debt rising too fast may impact trust in Treasuries

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