NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal of Adani Enterprises (ADEL.NS) The stock sale marked a … Read more
Feb 1 (Reuters) – When Hindenburg Research disclosed a short position in Adani Group last week, some U.S. investors said they were intrigued by the actual mechanics of its trading because Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. His allegations, which the … Read more
PARIS, February 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the companies announced on Wednesday, avoiding a potentially damaging lawsuit in the UK after a blistering 18-month dispute that tore the global jet market apart. The “amicable and mutually acceptable settlement” ends a $2 billion dispute over … Read more
NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of Adani Enterprises (ADEL.NS) The stock offering marks … Read more
BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person. Wednesday’s stock losses saw Adani slip to 15th on … Read more
US wage growth slows, Wall Street recovers MSCI AxJ index up 0.6%; flat dollar All eyes on Fed announcement at 7:00 p.m. GMT SINGAPORE, Feb 1 (Reuters) – Asian stock markets stabilized on Wednesday as signs of a slowdown in U.S. wages bolstered hopes the Federal Reserve could hint at an end to interest rate … Read more
BEIJING, Jan 31 (Reuters) – China’s economic activity returned to growth in January, after a wave of COVID-19 infections swept through the country faster than expected following the abandonment of pandemic controls. Domestic orders and consumption pushed output higher, according to early broad data showing how quickly China is recovering from its COVID reopening spree, … Read more
MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares of flagship Adani Enterprises (ADEL.NS) … Read more
LONDON, Jan 31 (Reuters) – From equities to government bonds, markets had one of their best starts to the year in decades, but how long the run hinges on a Goldilocks scenario of a slowing economy inflation, maintaining economic growth and lower borrowing costs. After $14 trillion was wiped from global shares in 2022, $4 … Read more
LONDON, Jan 31 (Reuters) – Shining European luxury companies, the region’s stock market top performers in 2023, could see even more gains thanks to a rebound in Chinese spending, but for some the sector is starting to look dear. The likes of French luxury giant and owner of Louis Vuitton, LVMH, and Swiss jewelry company … Read more