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...General Atlantic paused the sale of its 20 per cent stake in Starbucks operator Map Boga Adiperkasa in December, according to two people familiar with the situation....
...A sell-off in shares of cruise line operators created choppy market conditions for rival Viking Holdings, which was set to float on Wednesday in one of Wall Street’s biggest public listings this year....
...Cruise operator Viking Holdings has sealed the second-biggest US initial public offering so far this year, selling shares worth $1.5bn....
...Cruise operators had to borrow heavily during the pandemic. Carnival has about $28.5bn of long-term debt. The $2bn it spent on interest expenses in the fiscal year contributed to the $74mn net loss....
...Shares in cruise operator Viking Holdings, which caters to English speakers over 55 and bans passengers younger than 18, rose 9 per cent on their market debut....
...(Cruise operators are domiciled in havens such as Panama and Liberia, meaning governments like the US felt little sympathy to offer pandemic bailouts.)...
...Cruise operator Royal Caribbean said it was off to a strong start to the year, with customers spending heavily on bookings, pre-cruise purchases and onboard extras....
...Cruise operator Viking Holdings rose on its market debut, cementing billions of dollars in profits for two of the world’s largest investors and bolstering private equity firms’ hopes of exiting other long-held...
...The Bermuda-based cruise line operator said the company and selling shareholders would list 44mn shares priced between $21 and $25. The company will be listed under the ticker symbol VIK....
...The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut....
...The cruise operator expects adjusted earnings to be in the range of $10.70 to $10.90 a share for the fiscal year, compared with previous estimates of $9.90 to $10.10....
...Marriott-owned hotel group Ritz-Carlton launched its own luxury cruise liner last year. Luxury resort operators Aman Resorts and Four Seasons have also announced plans to launch their own cruise ships....
...The ruling is the first class action victory against a cruise operator globally, according to Shine Lawyers, the Brisbane-based law firm representing more than 1,000 Australian plaintiffs in the lawsuit....
...Scott’s Ripley is no longer a boyish, bright-eyed opportunist prone to fits of violent passion but more of a calculated, cynical operator....
...“It will take at least a decade for the Chinese cruise operators to build up [their] fleet and develop service capability to match established western ones,” said Kun Cao, senior manager at consulting firm...
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...The cruise line operator reported $1.07bn in net income on record revenue of $6.9bn, thanks to elevated levels of demand in its third quarter....
...(Listen out for Tom Cruise being unrelatedly namechecked twice, just to clarify that nobody means him.)...
...Carnival shares notched their biggest monthly advance on record, as investors bet the cruise operator and its rivals would be buoyed by the continued recovery in tourism demand....
...The shares of the trio of big cruise operators have each about doubled so far in 2023. Carnival announced record revenue in its most recent quarter....
...Abiding by tighter environmental standards costs money but cruise ship operator margins are supported by the trend towards ever larger vessels....
...Stablecoin operators already exhaust the insurance limits on bank deposits. One answer may be for authorities to mandate that stablecoin operators reverse repo out their cash....
...Tooling around Broome a few days before, I’d been worried that this four-day, five-night trip would be more cruise than adventure....
...Autonomous vehicle safety has been in the spotlight since early October, when a robotaxi operated by Cruise, the General Motors driverless car division, collided with a pedestrian and then dragged the person...
...The drugstore operator took a near-$6bn impairment charge on its investment in clinic operator VillageMD in March and announced plans to close 160 of those clinics....
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