Boeing reported its biggest loss ever on Wednesday as the 737 Max crisis drags on, and the company warned it could be forced to temporarily halt production of the plane if the grounding is extended much longer. The aviation giant's troubles have been mounting since the Max was taken out of service worldwide in March following two deadly crashes that claimed 346 lives, and it already set aside nearly US$5 billion to compensate customers.

Facebook on Wednesday reported that its profit in the recently ended quarter plummeted due to costs of a US privacy settlement in a quarterly update that was largely better than expected. Profit in the second quarter fell 49 per cent from a year ago to US$2.6 billion while revenues increased 28 per cent to US$16.9 billion.

Tesla shares plunged on Wednesday as the electric carmaker reported a bigger-than-expected loss despite notching record car deliveries. Tesla reported a second-quarter loss of US$408 million, or US$1.12 per share, compared to the loss of 40 cents forecast by analysts.

Ford Motor Co (F.N) on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analysts’ expectations.

Singapore’s stock market has seen on average two companies a month on track to relinquish their listing status this year. This trend may not be reversing anytime soon. The Singapore exchange tweaked the voluntary delisting rules earlier this month, shifting the power to minority shareholders.

Market watchers have said bidders may have to pay higher premiums to get deals done. Delistings are expected to continue in the second half of this year even at higher prices, according to a poll of four analysts, because the rule change doesn’t affect the persistently low valuations which continue to plague the Singapore market.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR