February, 2023

• 24 February

  EBay gives outlook suggesting sales comeback to take longer

  

    Bloomberg EBay Inc projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined in premarket trading. Revenue will be $2.46 billion to $2.5 billion in the period ending in March, or about the same as a year earlier. In the fourth quarter, sales fell 3.9% to ...

  Read More »
• 24 February

  Rolls-Royce surges after new CEO vows higher returns in overhaul

  

    Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in ...

  Read More »
• 24 February

  Heathrow seeks high traveller charges amid surge in air travel

    Bloomberg London’s Heathrow Airport is seeking higher passenger charges to meet rising costs and let it expand services as airlines ramp up operations in the post-pandemic era, Chief Executive Officer John Holland-Kaye said. Passengers flying through the UK’s busiest airport tripled to 62 million in 2022 as countries lifted restrictions, the company said while reporting results. Losses narrowed to ...

  Read More »
• 24 February

  FedEx pilots plan strike-authorisation vote

    Bloomberg FedEx Corp pilots are inching closer to a potential strike as negotiations stall on a new labour agreement. Leaders of the FedEx Express pilots union approved a strike authorisation vote, according to a statement from the Air Line Pilots Association. A date for the vote wasn’t specified. The union said no new talks have been scheduled between the ...

  Read More »
• 23 February

  Taiwan to give tourists $82m in perks to boost economy

  

  Bloomberg Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending. The incentives, worth NT$5,000 ($165) each, were announced as part of a NT$5.3 billion package to attract international tourists. The total value of the perks comes to NT$2.5 billion ($82.4 million). A spokesperson for ...

  Read More »
• 23 February

  Shanghai’s GDS weighs $400 million stake sale in global data centres

  

    Bloomberg Data centre operator GDS Holdings Ltd is considering selling a minority stake in its international business for about $300 million to $400 million to a strategic partner, according to people familiar with the matter. The Shanghai-based digital infrastructure company is working with an adviser and is weighing selling about a 30% to 40% stake in the assets, the ...

  Read More »
• 23 February

  Thailand to rope in private firms to lure rich foreigners

    Bloomberg Thailand plans to enlist the services of private companies to boost response to its long-term resident visa program targeted at highly-skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year resident visas unveiled last year, according to Narit Therdsteerasukdi, secretary-general of Thailand’s Board of Investment. They will also promote ...

  Read More »
• 23 February

  Singapore inflation hits 14-year high, raising policy tightening chance

  

    Bloomberg Singapore’s core inflation, the gauge closely-watched by the central bank, rose to a 14-year high, even after the central bank has tightened policy five times since October 2021. The measure, which excludes private transport and accommodation, rose 5.5% in January from a year earlier, the fastest pace since November 2008 according to a statement. That compares with a ...

  Read More »
• 23 February

  Grab brings forward profitability goal

    Bloomberg Grab Holdings Ltd brought forward its profitability target after posting a narrower quarterly loss, helped by reduced spending by the Southeast Asian ride-hailing and food-delivery provider. The stock jumped 8% in pre-market trading after Grab said it expects to reach positive adjusted earnings before interest, taxes, depreciation and amortisation in the final quarter of 2023. It previously expected ...

  Read More »
• 23 February

  Vietnam property debt crisis deepens over bond payment

  

    Bloomberg Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time. No Va Land Investment Group said it will delay repayment of a 1 trillion dong ($42 million) note originally due on February 12 and asked holders for an extension or to ...

  Read More »