Adani market losses snowball to $100 billion on discontinued stock sale

Adani market losses snowball to 0 billion on discontinued stock sale

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

Adani drops $2.5bn share sale in big setback for Indian tycoon

Adani drops .5bn share sale in big setback for Indian tycoon

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

Adani loses Asia’s richest crown as stock rout worsens to $84bn

Adani loses Asia’s richest crown as stock rout worsens to bn

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

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

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

Adani’s $2.5 billion stock offering backed by investors, despite attack from short sellers

Adani’s .5 billion stock offering backed by investors, despite attack from short sellers

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

Goldilocks is back! Markets start 2023 in hot form

Goldilocks is back!  Markets start 2023 in hot form

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

European luxury stocks have room to rise, but are getting expensive

European luxury stocks have room to rise, but are getting expensive

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

Emerging market growth slowdown bottoms out in 2022, but risks remain – IMF

Emerging market growth slowdown bottoms out in 2022, but risks remain – IMF

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

US court rejects J&J’s bankruptcy strategy for tens of thousands of talc lawsuits

US court rejects J&J’s bankruptcy strategy for tens of thousands of talc lawsuits

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

Unilever appoints former Heinz Schumacher manager as CEO

Unilever appoints former Heinz Schumacher manager as CEO

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