Bloomberg Starbucks Corp. shares pared an earlier loss in late trading after the company released an updated forecast that only projects a slight impact on profits despite a surge in costs related to labor and the ongoing pandemic. The company now sees earnings per share falling 4% to 6% in its current fiscal year, versus a prior view …

  Bloomberg Sydney Airport shareholders overwhelmingly approved a A$23.6 billion ($17 billion) deal to sell the company to a consortium of funds, transferring Australia’s main international gateway to private ownership after the pandemic hammered earnings. Some 96% of votes cast at a shareholder meeting on Thursday backed the sale to a group led by IFM Investors Pty for A$8.75 a …

  Bloomberg A wild start to the year for global equity markets hasn’t deterred investors, with data showing ever-increasing inflows in stock funds while bonds and cash are being dumped. Equity funds attracted $21.8 billion in the week to February 2, bringing the year-to-date total to $106 billion, according to Bank of America Corp (BofA) strategists tracking EPFR Global data. …

  Bloomberg Hong Kong stocks posted their biggest post-Lunar New Year holiday advance since 2009, as traders played catch-up to gains in global equities and a rally in financials outweighed the impact of an overnight tech rout in the US. The Hang Seng Index closed up 3.2% on Friday. AIA Group Ltd. and HSBC Holdings Plc were among those leading …

  Bloomberg If history is a guide, the heaviest selling by foreigners of Indian stocks since the global financial crisis is poised to end, with any turnaround likely to be led by stocks with major holdings among the overseas investors. That’s the view from Bloomberg Intelligence after foreign institutional investors net-sold $10 billion of local stocks since October, the most …

  Bloomberg United Airlines Holdings Inc. is exploring a potential sale of a minority stake in its frequent-flier program MileagePlus, according to people familiar with the matter. United is working with financial advisers who have begun contacting potential investors including private equity firms, the people said, asking not to be identified because the matter is private. Any minority stake in …

  Bloomberg Get ready for the tanker wars, part two. Airbus SE is teaming up with Lockheed Martin Corp. to take on Boeing Co.’s troubled aerial tanker with an American-made version of the European company’s A330 jetliner. The wide-body plane was at the heart of a proposal that first beat, then on appeal lost out to, Boeing’s KC-46 tanker in …

  Bloomberg Danske Bank falls the most in three months in Copenhagen trading after cost-cutting measures by Denmark’s biggest bank failed to yield the results expected by the market. The shares slid almost 6% before regaining some ground to trade down 3.3% in the Danish capital. The bank’s guidance on costs for this year was worse than expected, Jyske Bank …

  Bloomberg Bank of America Corp (BofA) sold $9 billion of bonds, joining Wall Street peers in a flood of new deals at the start of 2022 to beat an expected rise in interest rates. The lender sold bonds in five parts, according to a person familiar with the matter. The longest portion, an 11-year fixed-to-floating-rate security, yields 117 basis …

  Bloomberg Mexico’s central bank will probably raise the key interest rate this month, and then follow inflation data and US Federal Reserve decisions closely to decide its next moves, Banxico board member Jonathan Heath said. The debate for February’s decision will be whether to increase borrowing costs by a quarter point or half a point, he noted in a …