CONG08

Adani market losses snowball to $100 bln on shelved share sale

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NEW DELHI, Feb 2 (Reuters) – India’s Adani group shares sank on Thursday after market turmoil pressured the conglomerate to axe an important $2.5 billion inventory provide, deepening its market losses to greater than $100 billion and sparking worries in regards to the potential systemic affect. The withdrawal of Adani Enterprises’ (ADEL.NS) share sale marked … Read more

Adani abandons $2.5 bln share sale in large setback to Indian tycoon

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NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship agency known as off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller’s criticisms wiped billions extra off the worth of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) share providing marks a … Read more

Adani loses Asia’s richest crown as inventory rout deepens to $84 billion

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BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged once more on Wednesday as a rout in his firms deepened to $84 billion within the wake of a U.S. short-seller report, with the billionaire additionally dropping his title as Asia’s richest individual. Wednesday’s inventory losses noticed Adani slip to fifteenth on … Read more

Adani’s essential share sale 85% subscribed as establishments pump in funds

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MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale inched nearer to full subscription on Tuesday as buyers pumped in funds after a tumultuous week for his group through which its shares have been pummeled by a scathing short-seller report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was subscribed … Read more

Adani hits again at Hindenburg, says it made all disclosures

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Adani points 413-page rebuttal to Hindenburg report U.S. short-seller’s report sparked falls in Adani shares Adani says complies with legal guidelines, essential disclosures Adani CFO assured $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued an in depth riposte on Sunday to a Hindenburg Analysis report that sparked … Read more

Hindenburg shorts India’s Adani Group, flags debt and accounting considerations

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BENGALURU, Jan 25 (Reuters) – Hindenburg Analysis mentioned on Wednesday it held quick positions in India’s Adani Group, accusing the conglomerate of improper intensive use of entities arrange in offshore tax havens and expressing concern about excessive debt ranges. The report, which comes days forward of a $2.5 billion share providing by flagship agency Adani … Read more

Wall Road totters after blended earnings, commerce halt glitch

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SEC investigating NYSE opening bell glitch 3M slides on downbeat Q1 forecast J&J falls on gross sales warning; GE down on weak revenue view Microsoft to report quarterly earnings after market shut Indexes: Dow up 0.18%, S&P 500 off 0.13%, Nasdaq down 0.25% NEW YORK, Jan 24 (Reuters) – Wall Road was blended on Tuesday … Read more

TSMC cuts 2023 capex after file This fall as chip demand weakens

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This fall revenue T$295.9 bln vs T$289.44 bln analyst view This fall income up 26.7% on yr at $19.93 bln Sees 2023 capex at $32-36 bln vs $36.3 bln yr prior Firm plans to ramp up manufacturing abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter income would drop … Read more

Pacifist Japan unveils largest navy build-up since World Struggle Two

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TOKYO, Dec 16 (Reuters) – Japan on Friday unveiled its largest navy build-up since World Struggle Two with a $320 billion plan that may purchase missiles able to putting China and prepared it for sustained battle, as regional tensions and Russia’s Ukraine invasion stoke warfare fears. The sweeping, five-year plan, as soon as unthinkable in … Read more

Japan, Britain and Italy to construct joint jet fighter

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TOKYO/LONDON, Dec 9 (Reuters) – Japan, Britain and Italy are merging their next-generation jet fighter initiatives in a ground-breaking partnership spanning Europe and Asia that’s Japan’s first main industrial defence collaboration past america since World Conflict Two. The deal, which Reuters reported in July, goals to place a sophisticated front-line fighter into operation by 2035 … Read more