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...The total value of Uber’s ride-hailing, delivery and freight bookings also came in just below analysts’ expectations at $37.7bn....
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...Its freight trains run over more than 32,000 miles of track. Its utilities provide power to 13mn customers and in Geico it owns one of the largest insurers in the country....
...The name of its registered owner in the Marshall Islands: Social Club Inc....
...The bond’s guaranteed principal payment is expected to be AAA-rated by S&P, according to the World Bank. The bond will be listed on the Luxembourg Stock Exchange....
...Amazon executive Dave Clark was the perfect candidate to run freight start-up Flexport....
...Fitch busted the US’s sovereign debt rating down from AAA, the highest, by one notch to AA+....
...Cargill’s head of ocean transport has called on the shipping industry to give wind power a chance in its efforts to decarbonise, as one of the world’s largest marine freight operators prepares to test the...
...to [reach] 118.4 per cent by 2025 . . . two-and-a-half times higher than the ‘AAA’ median of 39.3 per cent of GDP.”...
...downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA...
...Fitch did not adjust its “country ceiling”, which it affirmed at AAA....
...The price of diesel, critical to freight, agriculture and other industries, has also been on the march, increasing nearly a fifth in the past three months to $4.57 a gallon....
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...debt limit by the x-date would be a negative signal of the broader governance and willingness of the U.S. to honor its obligations in a timely fashion, which would be unlikely to be consistent with a ‘AAA...
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...These are divided between rides — which account for more than half of revenue — food delivery and freight. Shoring up the balance sheet has heartened investors....
...Demand for diesel, the lifeblood of the industrial economy, has fallen sharply in recent months as freight markets cool....
...Profits fell by nearly a quarter to $1.3bn and it reported less demand for freight shipping....
...“Because Treasury securities are such an important asset class, most investment mandates and regulatory regimes refer to them specifically, rather than AAA-rated government debt.”...
Video-hosting site used to promote jobs as groups also recruit ex-convicts and army vets to fill shortfalls
...Overall gross bookings, including from its delivery and freight business, grew 19 per cent to $30.7bn....
...Overall gross bookings — the total value of fares paid — including from its mobility, delivery and freight business, grew 19 per cent to $31.4bn, with gross bookings in the mobility unit alone growing 40...
...He noted that “multi-brand” chains “help us serve distinct consumers or price points”.Nike’s direct to consumer push isn’t without its own challenges: freight costs, foreign currency exchange rates, and...
...In recent years, they have expanded upstream into agricultural origination, storage, freight and port infrastructure, and downstream into processing, ingredients and final products, while moving into a wider...
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