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

Hindenburg bet against Indian Adani intrigues rival US short sellers

Hindenburg bet against Indian Adani intrigues rival US short sellers

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

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

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

Indian Adani begins record sell-off in shares as short seller triggers $44bn rout

Indian Adani begins record sell-off in shares as short seller triggers bn rout

MUMBAI, Jan 27 (Reuters) – Shares of Indian companies Adani (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout in the conglomerate’s listed companies, casting doubts on how investors will react to the record $2.45 billion secondary sale company dollars. Seven listed companies in the Adani conglomerate … 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

Explainer: Why weeks of rain in California won’t end historic drought

Explainer: Why weeks of rain in California won’t end historic drought

Jan 12 (Reuters) – California has been flooded since December 26 by seven atmospheric rivers which dumped up to 30 inches (76 cm) of rain in some areas, but the drought that has gripped the western United States remains far from over. Virtually none of the storms reached the Colorado River Basin, meaning the river … Read more

Biden’s climate agenda has a problem: Not enough workers

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, bringing in trainers from abroad and considering ideas such as buying roofs and electrical repair shops just to hire their workers as companies try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. The Cut … Read more

California hit by deadly ‘atmospheric river’ storm

California hit by deadly ‘atmospheric river’ storm

SACRAMENTO, California, Jan 5 (Reuters) – A massive Pacific storm unleashed high winds, torrential rains and heavy snowfall across California for a second day on Thursday, knocking out power to tens of thousands of outbreaks and threatening much of the state with flash floods and mudslides. At least two deaths have been reported since Wednesday. … Read more

Storm cuts oil, gas and power generation in the United States, pushing prices up

Storm cuts oil, gas and power generation in the United States, pushing prices up

Dec 23 (Reuters) – Bitter cold and gusty winds on Friday knocked out power and shut down power generation across the United States, sending heating and electricity prices soaring as people braced for the parties. Winter Storm Elliott brought sub-freezing temperatures and severe weather warnings to about two-thirds of the United States, with cold and … Read more