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

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

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

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

Factbox: FACTBOX Georgia on his thoughts: Donald Trump troubled by extra authorized woes

Jan 25 (Reuters) – Donald Trump might be taught quickly whether or not he or any associates shall be charged or cleared of wrongdoing in a Georgia probe into his efforts to overturn his 2020 election defeat, considered one of a sequence of authorized threats looming over the Republican former U.S. president: GEORGIA ELECTION TAMPERING … Read more

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

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

Goldman job cuts hit funding banking, world markets onerous -source

Mass redundancies, spending evaluate beckons for Wall Avenue large Cuts to all main divisions anticipated, globally Restructuring in Asian wealth unit kicks off Wednesday’s layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) started shedding workers on Wednesday in a sweeping cost-cutting drive, with round a 3rd of these affected coming from the … Read more

Britain critiques monetary guidelines to bolster Metropolis’s international clout

Britain says excessive requirements will probably be maintained UK flags critiques in financial-crisis period reforms London faces new competitors from EU centres Session on digital pound deliberate LONDON, Dec 9 (Reuters) – Britain set out a raft of measures on Friday to bolster the Metropolis of London’s function as a worldwide monetary centre, underneath pressure … Read more

Musk says Trump’s Twitter account to be reinstated after ballot exhibits slender assist

Nov 19 (Reuters) – Donald Trump on Saturday stated he had no real interest in returning to Twitter whilst a slim majority voted in favor of reinstating the previous U.S. President, who was banned from the social media service for inciting violence, in a ballot organized by new proprietor Elon Musk. Barely over 15 million … Read more

Elon Musk begins Twitter ballot on whether or not to carry again Trump

Nov 18 (Reuters) – Elon Musk began a Twitter ballot late on Friday asking followers to vote on whether or not to reinstate former U.S. President Donald Trump’s account on the platform, with early outcomes displaying roughly 60% voting sure. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly means that means “the … Read more

EXCLUSIVE At least $1 billion of client funds missing at failed crypto firm FTX – sources

FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda – sources Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda – sources Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources Executives set up book-keeping “back door” that thwarted red flags … Read more