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

Growth in labor costs in the United States is the weakest in a year; constantly tight work

Growth in labor costs in the United States is the weakest in a year;  constantly tight work

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

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

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

Adani hits back at Hindenburg, says he made all the revelations

Adani hits back at Hindenburg, says he made all the revelations

Adani publishes 413-page rebuttal to Hindenburg report US short seller’s report sparked drop in Adani shares Adani says to comply with laws and necessary disclosures CFO Adani confident $2.5 billion share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group on Sunday issued a detailed response to a Hindenburg Research report that … Read more

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

Exclusive: Binance Moved 6 Million For Seized Crypto Exchange Bitzlato, Data Shows

LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato … Read more

Morning auction: technological tonic, rethinking the recession

Morning auction: technological tonic, rethinking the recession

A look at the day ahead in the US and global markets from Mike Dolan. Inflated hopes for U.S. tech sector earnings in a busy week for corporate updates have generally paired with the latest sign that Europe may have dodged a winter recession. With Microsoft (MSFT.O) at the top of the reports of the … Read more

Cryptoverse: Bitcoin Investors Take Control

Cryptoverse: Bitcoin Investors Take Control

Jan 24 (Reuters) – Paranoid? The fall of dominoes from FTX and other crypto custodians is enough for the most confident investor to grab their bitcoin and stuff it under the mattress. In effect, holders large and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital … Read more

Canada’s energy jobs transition bill stirs divisiveness in oil heartland

Canada’s energy jobs transition bill stirs divisiveness in oil heartland

Jan 22 (Reuters) – In western Canada’s oil sector, controversy rages over federal government legislation to help the fossil fuel workforce transition to a greener economy, but union and community leaders warn that the politicization of the Just Transition Bill is obscuring the needs of workers. Prime Minister Justin Trudeau’s Liberal government is expected to … Read more

Google vows to cooperate with India’s antitrust watchdog after Android ruling

Google vows to cooperate with India’s antitrust watchdog after Android ruling

NEW DELHI, January 20 (Reuters) – Google (GOOGL.O) said on Friday it would cooperate with India’s competition authority after the Supreme Court upheld strict antitrust guidelines forcing the US company to change the way it markets its popular Android platform in a key growth market . India’s Competition Commission (ICC) ruled in October that Google, … Read more