February, 2022

• 25 February

  Gold extends drop as traders weigh Ukraine war, sanctions

    Bloomberg Gold extended a decline amid a rebound in stock markets as investors remained on edge while assessing the impact of Russia’s invasion of Ukraine and Western sanctions. European shares surged the most in two months on Friday as risk sentiment improved following a sharp sell-off. Bullion fell after surging to the highest in more than 17 months as …

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• 25 February

  Ukraine crisis: Oil tanker owners avoid collecting Russian crude

  

    Bloomberg Oil tanker owners are avoiding offering their ships to collect crude from Russia as they wait to see what sanctions the country might face after invading Ukraine. Two shipbrokers and three owners said owners are currently unwilling to make offers to collect Russian barrels. The owners said that oil-freight transportation costs are also very low anyway, making it …

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• 25 February

  Alibaba halts talks to raise $1 billion before Lazada IPO

  

  Bloomberg Alibaba Group Holding Ltd discussed raising at least $1 billion for Lazada before calling off negotiations with potential investors when talks bogged down over the Southeast Asian online mall’s valuation. The Chinese e-commerce giant had aimed to secure financing for Lazada as a precursor to a spinoff of the Singapore-based company and a potential initial public offering, people familiar …

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• 25 February

  Air New Zealand to seek capital over Covid losses

  

  Bloomberg Air New Zealand plans to raise capital by the end of next month through the issue new shares as its losses continue to mount during the pandemic. The Auckland-based national carrier predicted a record full-year pretax loss of more than NZ$800 million ($540 million), after reporting loss of NZ$367 million in the six months ended on December 31. It …

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• 25 February

  SAS risks S&P default rating with plan to convert debt to equity

  

  Bloomberg SAS AB risks a credit downgrade from Standard & Poor’s if the Scandinavian airline follows through with plans announced to convert debt into equity. The Stockholm-based airline said it planned a number of measures, including a rights offering and swapping hybrid and unsecured debt for equity, to raise capital and lower its debt levels, while repositioning the business coming …

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• 25 February

  Thailand eases rules for foreign visitors to reboot tourism

  

  Bloomberg Thailand will further relax entry rules for foreign visitors starting next month, bowing to demand from the local tourism industry to lower costs as more countries ease border controls to lure holidaymakers. Vaccinated visitors to the Southeast Asian nation won’t be required to undergo a mandatory polymerase chain reaction test on the fifth day of the arrival starting from …

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• 25 February

  Amazon’s landlord in Canada planning bond market debut

    Bloomberg A Canadian commercial real estate landlord whose largest tenant is Amazon.com Inc is marketing its inaugural bond sale. RBC Canadian Core Real Estate Fund plans to issue green bonds in the near future, subject to market conditions, according to people familiar with the matter. Proceeds will finance the acquisition of two eligible projects in Vancouver and Calgary, said …

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• 25 February

  Macy’s upgraded by Fitch post sales outlook

    Bloomberg Macy’s Inc projected sales and earnings for the current year that outpaced Wall Street’s estimates — a sign that its efforts to boost online sales are paying off. Following the release, Fitch Ratings boosted the department-store retailer to investment grade. The company sees full-year earnings of $4.13 to $4.52 a share, excluding some items, topping the $3.98 average …

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• 24 February

  Stocks sink, Brent scales $100 on Russia assault

  

    Bloomberg Global stocks and equity futures tumbled while bonds and oil soared as Russian President Vladimir Putin’s decision to order a military attack on Ukraine cast a pall over global markets. S&P 500 and Nasdaq 100 contracts slid about 1.7% and 2.3% respectively, signalling the latter, tech-heavy gauge faces a bear market. The Stoxx 600 Europe index shed some …

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• 24 February

  Russian market rout wipes $250b in value

  

    Bloomberg Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest round of Western sanctions yet, wiping out more than $250 billion in stock market value. The ruble sank to a record low and stocks collapsed 45% — their biggest-ever retreat. Russian Eurobonds plummeted, pushing some into distressed territory. The …

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