International News

  Bloomberg AutoNation Inc, one of the biggest car dealership chains in the US, expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers. The company said that fourth-quarter earnings rose to $6.37 a share, a record for the period and easily beating the $5.82 average forecast ...

  Bloomberg Purplebricks Group Plc, the UK estate agent that has seen its market capitalisation shrink from a peak of £1.4 billion in 2017 to a mere £26 million, is putting out the “For Sale” sign. The property broker has started a review that may result in a sale of the company or some of its assets after undertaking a ...

  Bloomberg DoorDash Inc shares jumped after an optimistic earnings report that showed resilient demand for pricey takeout even amid a cost-of-living squeeze. The company also said its president would be stepping down as part of a slate of executive changes. DoorDash is anticipating adjusted earnings before interest, tax, depreciation and amortisation of $120 million to $170 million in the ...

Bloomberg The pace of decline in Hong Kong’s population abated as the city moved to reopen after years of pandemic isolation. The city’s population fell by a net 12,900 people in the second half of 2022, down from a decrease of 55,400 in the first six months, according to government data. The previously announced population drop of 121,500 in the ...

  Bloomberg The Reserve Bank of India published a list of 32 entities, including Alphabet Inc’s Google Pay, Amazon.com Inc’s Amazon Pay and Reliance Payment Solutions Ltd, that are allowed to act as online payment aggregators. The names were released for “disseminating information and ensuring greater transparency,” the central bank said on its website. Other approved entities include Zomato Payments ...

  Bloomberg China’s home prices steadied in January, ending a 16-month decline after the government expanded stimulus policies for the sector. New-home prices in 70 cities, excluding state-subsidised housing, remained unchanged, compared with a 0.25% decline in December, National Bureau of Statistics figures showed. In the secondary market, existing-home prices dropped 0.28%, smaller than the 0.41% decline in the previous ...

  Bloomberg Japan’s trade deficit surged to a record in January, as one-off factors including the lunar new year holidays dragged on exports amid a backdrop of a slowing global economy. The trade gap jumped to Â¥3.5 trillion ($26.1 billion) from Â¥1.45 trillion in December, topping Â¥3 trillion for the first time in comparable data going back the late 1970s, ...

  Bloomberg Samsung Electronics Co joined the latest funding round for Swedish fertility tracking app Natural Cycles as lead investor, seeking to introduce the female-health technology to its Galaxy series smartwatches. The Natural Cycles app, which monitors body temperature to gauge fertility, in 2018 became the first contraceptive of its kind to be approved by the US Food and Drug ...

  Bloomberg Keeping the cost of staple foods in check to protect the poor will be a top priority for Indian Prime Minister Narendra Modi as he plans for polls in several states this year and the all-important general election in 2024. That means the government will likely extend export curbs for wheat, which is an essential part of the ...

Bloomberg Ford Motor Co is investing $3.5 billion in an electric-vehicle (EV) battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy. The factory near Marshall, Michigan, will employ 2,500 workers, Ford said, confirming a Bloomberg report. The facility is set to open in 2026 and will ...