LONDON: Britain’s Deliveroo set out a path to profitability, saying it would break even in about two years as the proportion of revenue spent on marketing in the competitive food delivery sector falls. The company, which competes with Just Eat Takeaway. com and Uber Eats, remained cautious about the short-term outlook, forecasting a slowdown in growth as the economic environment worsens for consumers and its restaurant partners. The company predicted a 15% to 25% rise in the value of gross trans

concerned about the prospects of the company as it requires increased work acitivities to breakeven going

Five-year breakevens have climbed to a record. Valuation Rotation As inflation pushes ever higher

2022, as all hotels are not expected to breakeven in the near future....

PETALING JAYA: Malaysia Airlines( MAS) is on track to achieve breakeven in 2023 as the demand for

PASIR GUDANG: MSM Sugar Refinery( Johor) Sdn Bhd( MSM Johor) has achieved a breakeven utilisation

At least one eminent economist thinks the statistical case against the Fed is shaky.... The Fed is not behind the curve’?... — BloombergMatthew Winkler is a Bloomberg Opinion columnist....

PETALING JAYA: Crude palm oil( CPO) prices, which may have peaked following the Russia-Ukraine conflict and Indonesia’s ban on palm oil, could see a correction in the next three months. PublicInvest Research said in a report yesterday said it saw a potential correction in CPO prices by up to 20% in the next six months.“ Witnessing soaring global vegetable oil prices in the last four months due to the geopolitical tensions in Europe and the recent ban on palm oil exports by Indonesia, we think th

KUALA LUMPUR: Ta Ann Holdings Bhd could be poised to beat analyst expectations following the announcement of a potential turnaround in its timbre segment, coupled with good palm oil prospects.... Maybank IB kept its earnings forecasts pending the upcoming results release, and reiterated its" buy" call with unchanged target price of RM3.45 based on 15x FY22 price-earnings ratio.... It also said Ta Ann has a strong chance of beating its full-year FY21 dividend per share forecast of 13.8 sen give

MIAMI--Carnival Corp. said Thursday that it lost more than$ 2 billion in its latest quarter, and the cruise line operator declined to predict when it will stop losing money amid uncertainty over the pace of recovery from the pandemic. Shares of the Miami-headquartered company fell more than 1% in midday trading. The cruise industry was a visible early victim in the pandemic, as passengers and crew members tested positive for COVID-19 and some ships were turned away from ports.... The industry h