(Bloomberg) — Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. Most Read from Bloomberg The Hong Kong Monetary Authority sold a record HK$60.5 billion ($7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page early on Tuesday in Asia, after… Continue reading Hong Kong Ramps Up FX Intervention to Defend Currency Peg
Author: Yarhow_Finance Online News
CATL Files Initial Prospectus for Hong Kong Listing
The Chinese battery giant has filed a preliminary prospectus with the Hong Kong exchange for a secondary listing, as it seeks to tap enthusiasm surrounding the EV market. Go to Source
Magna price target raised to $38 from $33 at CIBC
CIBC analyst Krista Friesen raised the firm’s price target on Magna (MGA) to $38 from $33 and keeps a Neutral rating on the shares. Magna’s “disappointing” Q1 results and guidance update suggest that the company is contending with more than just tariff issues, including challenges such as an elevated leverage ratio and growing slower than… Continue reading Magna price target raised to $38 from $33 at CIBC
TSX Dividend Stocks Featuring Amerigo Resources And Two Others
With Canada’s election now behind it, the focus has shifted to economic policies and trade diversification, as policymakers aim to stimulate growth amid a backdrop of softening earnings forecasts. In this environment, dividend stocks can offer stability and income potential for investors seeking resilience; Amerigo Resources and two other TSX-listed companies exemplify this approach with… Continue reading TSX Dividend Stocks Featuring Amerigo Resources And Two Others
Magna International Inc. Earnings Missed Analyst Estimates: Here’s What Analysts Are Forecasting Now
Last week, you might have seen that Magna International Inc. (TSE:MG) released its quarterly result to the market. The early response was not positive, with shares down 3.0% to CA$45.95 in the past week. Results overall were not great, with earnings of US$0.52 per share falling drastically short of analyst expectations. Meanwhile revenues hit US$10b… Continue reading Magna International Inc. Earnings Missed Analyst Estimates: Here’s What Analysts Are Forecasting Now
Lear: Q1 Earnings Snapshot
SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Tuesday reported first-quarter profit of $80.7 million. On a per-share basis, the Southfield, Michigan-based company said it had net income of $1.49. Earnings, adjusted for one-time gains and costs, were $3.12 per share. The results beat Wall Street expectations. The average estimate of… Continue reading Lear: Q1 Earnings Snapshot
Lear Reports First Quarter 2025 Results
First Quarter Financial Results(in millions, except per share amounts) 2025 2024 Reported Sales $5,560.3 $5,994.6 Net income $80.7 $109.6 Earnings per share $1.49 $1.90 Adjusted(1) Core operating earnings $270.4 $279.8 Adjusted net income $169.3 $183.2 Adjusted earnings per share $3.12 $3.18 In the first quarter, global vehicle production was up 1% compared to a year… Continue reading Lear Reports First Quarter 2025 Results
4 Manufacturing Electronics Stocks to Watch on Robust Industry Trends
The Zacks Manufacturing – Electronics industry stands to benefit from steady demand across the electronic services end market, increasing adoption of advanced manufacturing technologies and product innovation efforts. A surge in e-commerce activities is also likely to aid the industry’s growth. A slowdown in manufacturing activities and the contraction of new orders might continue to… Continue reading 4 Manufacturing Electronics Stocks to Watch on Robust Industry Trends
Why Dana Incorporated (DAN) Is Surging in 2025
We recently published an article titled Why These 15 Vehicles & Parts Stocks Are Surging In 2025. In this article, we are going to take a look at where Dana Incorporated (NYSE:DAN) stands against the other vehicles and parts stocks. Certain automotive companies have held up surprisingly well in the current environment, and that’s especially true… Continue reading Why Dana Incorporated (DAN) Is Surging in 2025
BorgWarner Obtains High-Voltage Coolant Heater Contract with Global OEM
400V high-voltage coolant heater (HVCH) technology to be used in series of plug-in hybrid electric vehicles HVCH offers flexible and compact design with high thermal power density Marks the company’s largest eHeater contract for plug-in hybrid electric vehicles in North America AUBURN HILLS, Mich., May 6, 2025 /PRNewswire/ — BorgWarner, a global product leader in delivering innovative… Continue reading BorgWarner Obtains High-Voltage Coolant Heater Contract with Global OEM