February 2023 – Page 8 – UAG Trade Asia

Volaris Airline Hopeful Mexico Regains Top Safety Rating in 6 Months

February 23, 2023
Business
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MEXICO CITY, Feb 22 Reuters Mexican lowcost carrier Volaris is optimistic the country will recover the Category 1 safety rating, which allows airlines to open new U.S. routes, in the next six months, its chief executive said on Wednesday. The U.S. Federal Aviation Administration downgraded Mexico in May 2021, arguing that the country fell short […]

February 23, 2023
Business
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MILAN, Feb 22 Reuters British private equity firm Cinven has pumped 100 million euros 106 million into Eurovita, the Italian life insurer said on Wednesday after it became the first insurance company in the country to be placed under temporary administration. Cinvenowned Eurovita has seen its cash reserves depleted by the sudden surge in bond […]

February 23, 2023
Business
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NEW YORK, Feb 22 Reuters Billionaire investor Daniel Loeb told retailer Bath Body Works on Wednesday that his hedge fund Third Point plans to launch a board challenge and said the company39;s addition of new directors does not address his concerns about governance, capital allocation and executive pay. As fiduciaries, we have no choice but […]

February 23, 2023
Business
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Feb 22 Reuters Chip designer Nvidia Corp forecast firstquarter revenue above Wall Street estimates on Wednesday as its CEO said use of its chips to power artificial intelligence AI services like chatbots had gone through the roof in the last 60 days. The sales outlook drove Nvidia39;s shares up 8 in extended trading. The world39;s largest […]

February 23, 2023
Business
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HOUSTON, Feb 22 Reuters Exxon Mobil Corp XOM.N on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided 2.5 billion in earnings last year. Threats to Kazakhstan oil exports have been in the spotlight since Moscow invaded Ukraine a year ago this week. Exxon and Chevron are major holders […]

February 23, 2023
Business
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Feb 23 Reuters Australia39;s Nitro Software Ltd said on Thursday that private equity firm Potentia Capital raised its takeover offer for the software maker to A532.3 million about 364 million, trumping a rival offer by KKR Inc backed Alludo. Potentia and Alludo have been involved in a bidding war for Nitro since last October, as high inflation […]

February 23, 2023
Uncategorized
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LONDON, Feb 22 Reuters The postpandemic rebound in world growth and inflation last year meant the amount of debt sloshing around the global economy saw its first annual fall in dollar terms since 2015, a widely tracked study has shown. The Institute of International Finance report published on Wednesday estimated that the nominal value of […]

February 23, 2023
Finance
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Euro zone PMI at 9month high as services supports HSBC earnings lift banking sector to 2018 highs Euro zone shortdated yields hit multiyear highs after PMI STOXX 600 off 0.2, tech shares fall 1.5 Feb 21 Reuters European shares slipped on Tuesday after strong economic data fuelled expectations of higher interest rates, while Londonlisted HSBC rallied […]

February 23, 2023
Finance
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MUMBAI, Feb 23 Reuters The Indian rupee rose against the dollar on Thursday, helped by a broad recovery in Asian currencies following losses fuelled by worries over rising U.S. yields. The rupee was at 82.77 to the U.S. dollar by 1029 a.m. IST, up from 82.85 in the previous session. Following the higher opening, the […]

February 23, 2023
Finance
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SINGAPORE, Feb 23 Reuters The dollar ceded some ground on Thursday as markets warmed up to the idea the Federal Reserve is likely to stay on its aggressive ratehike path, after minutes from its last policy meeting reinforced the central bank39;s hawkish rhetoric. Nearly all Fed policymakers favoured a scale down in the pace of […]

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Volaris Airline Hopeful Mexico Regains Top Safety Rating in 6 Months

Cinven Puts 100 mln Euros into Italian Life Insurer Eurovita

Third Points Loeb Plans Proxy Contest at Bath Body Works

As Chatbots Boom, Nvidia Sales Outlook Beats Wall Street Expectations

Exxon Warns of Russia Risks to its 2.5B Kazakhstan Income

Potentia Hikes Bid for Australias Nitro Software to 364 mln, Trumping Alludo

Global Debt Sees First Annual Drop Since 2015 IIF

European Shares Hit by Rate Rise Concerns

Asian Currencies Witness a Bit of Reprieve, Lift Rupee

Dollar Retreats as Investors Come to Terms with HigherforLonger U.S. Rates

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