January, 2023

• 9 January

  Costco jumps most since 2020 on holiday strength

    Bloomberg Costco Wholesale Corp is heading for its biggest gain since March 2020 after improving December sales soothed investor concerns about a slowdown in November 2022. Excluding the impact of changes in gasoline prices, Costco’s US comparable sales climbed 6.4% last month, topping the 5% average of analyst estimates compiled by Consensus Metrix. In November, the closely followed sales ...

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• 9 January

  Apple begins retail store staff hiring in India

    Bloomberg Apple Inc has begun hiring retail store workers in India and has plans to fill other roles as the technology company prepares to open stores in the country, according to a report by the Financial Times. The company’s careers page lists several different opportunities for workers in India, including business expert, “genius,” operations expert and technical specialist. Apple’s ...

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• 9 January

  China’s long-awaited reopening of border marks Covid Zero end

  

  Bloomberg China’s long-awaited border reopening — the final step in its dismantling of Covid Zero — is set to spark a homecoming rush for many diaspora, though a full rebound in travel is likely to take longer. Starting from Sunday, China no longer requires quarantine for arrivals after authorities ditched the policy that, along with the exorbitant cost of air ...

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• 9 January

  Taiwan’s export outlook bearish on weak demand

  

    Bloomberg The decline in Taiwan’s exports is likely to accelerate as rising global inflation and China’s surging Covid outbreak sap demand, an economic official said. Overseas shipments decreased 12.1% in December from a year earlier, after falling 13.1% the previous month, the Ministry of Finance said. The median estimate in a Bloomberg survey of economists was for a 15.8% ...

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• 9 January

  Thailand to reintroduce entry rules as China borders reopen

  Bloomberg Thailand will reintroduce Covid-19 entry requirements for foreigners flying into the country from Monday, the nation’s transport minister said, as the Southeast Asian nation prepares for an expected wave of tourists from China. Adults must show proof of at least two vaccinations, or recovery from the virus since July, according to comments from Saksayam Chidchob published on the minister’s ...

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• 9 January

  Chinese tycoon Jack Ma to give up controlling rights of Ant

  

    Bloomberg Jack Ma is giving up controlling rights of Ant Group Co, as the billionaire further retreats from his online empire following China’s unprecedented tech crackdown. The company is offering 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma’s control of Ant, according to an announcement. The adjustment will not change economic interests of ...

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• 9 January

  Vietnam’s VinFast delays first US car deliveries

    Bloomberg VinFast, an electric carmaker backed by Vietnam’s richest man, delayed vehicle deliveries to its first US customers to this month because of holidays in America. The Vietnamese company, a unit of conglomerate Vingroup JSC, is also working out procedures with banks for customers to access loans, the company said in a statement. “We are currently signing sales contracts ...

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• 9 January

  Samsung hit by historic profit fall, spurring capex cut hope

  

  Bloomberg Samsung Electronics Co’s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated. South Korea’s largest company has been grappling with weak demand for memory chips, smartphones and displays as consumers tamp down holiday spending amid soaring interest rates and inflation. Adding to ...

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• 9 January

  Russia says it kills hundreds in revenge strike in Ukraine

  

  Bloomberg Russia’s defense ministry claimed a major strike on Kramatorsk in the Donetsk region, killing hundreds of Ukrainian servicemen in retaliation for the New Year’s Day rocket attack on Makiyivka that killed at least 89 Russian troops. There was no immediate response from Ukraine. The ceasefire unilaterally declared by Moscow over Orthodox Christmas ended on January 7. President Volodymyr Zelenskiy ...

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• 9 January

  Nato declines Serbia request to redeploy in Kosovo: Vucic

  

  Bloomberg Nato won’t let Serbia redeploy its security units in Kosovo, turning down a request made in December 2022 amid soaring tensions between the local Serb minority and Kosovo’s ethnic Albanian authorities, Serbia’s President Aleksandar Vucic says. “We all knew and expected such response” from Nato’s Kosovo Force, or KFOR, Vucic said in interview to Belgrade-based Pink TV. The Nato ...

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