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
The employment cost index increases by 1.0% in the fourth quarter Wages and salaries increase by 1.0%; up 5.1% year-on-year Consumer confidence index drops to 107.1 in January House price inflation slows further in November WASHINGTON, Jan 31 (Reuters) – U.S. labor costs rose at their slowest pace in a year in the fourth quarter … Read more
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net income of $56 billion for 2022, the company announced Tuesday, bringing in about $6.3 million per hour last year and setting not only a record for the company, but also an all-time high for the western oil industry. The oil majors are expected to … 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
NEW YORK, Jan 30 (Reuters) – The International Monetary Fund on Monday raised its estimate for output growth in emerging markets for this year, as projections now show the region’s economic slowdown may have bottomed out in 2022. , following the reopening of China. , a resilient India and unexpected growth in Russia. In its … Read more
Jan 30 (Reuters) – A U.S. appeals court overturned Johnson & Johnson’s (JNJ.N) attempt to bankrupt tens of thousands of lawsuits over its talc products, ruling that the health care conglomerate wrongfully placed a subsidiary in Chapter 11 proceedings, even though it did not face charges financial difficulties. The decision of the United States Court … Read more
Become CEO on July 1 Activist shareholder says he met Schumacher at Heinz First foreign CEO since the appointment of Paul Polman in 2008 Unilever shares top the FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July, a move hailed by investors … Read more
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