ELUT

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 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’s $2.5 billion share sale faces essential day after rout

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NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a vital day on Monday together with his flagship firm’s $2.5 billion share sale’s second day of bidding overshadowed by a $48 billion rout within the Indian billionaire’s shares which was sparked by a U.S. quick vendor’s report. Seven listed firms belonging to the Adani conglomerate, … Read more

India’s Adani begins document share sale as brief vendor triggers $44 billion rout

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MUMBAI, Jan 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) sank 15% on Friday as a scathing report by a U.S. brief vendor triggered a rout within the conglomerate’s listed companies, casting doubts on how buyers will reply to the corporate’s document $2.45 billion secondary sale. Seven listed firms of the Adani conglomerate – … 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

Biden’s local weather agenda has an issue: Not sufficient employees

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Jan 11 (Reuters) – U.S. clear power corporations are providing higher wages and advantages, flying in trainers from abroad, and considering concepts like shopping for roofing and electrical restore retailers simply to rent their employees as companies attempt to overcome a labor scarcity that threatens to derail President Joe Biden’s local weather change agenda. The … Read more

Explainer: Why the U.S.-Mexico power spat is a troublesome nut to crack

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MEXICO CITY, Jan 6 (Reuters) – The leaders of america, Canada and Mexico are because of maintain a summit subsequent week, the place a significant bone of rivalry might be a dispute centering on whether or not Mexico breached a commerce pact by tightening state management of its power market. WHERE DOES THE DISPUTE STAND? … Read more

India makes inroads into Sri Lanka beneath China’s lengthy shadow

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COLOMBO/NEW DELHI, Dec 27 (Reuters) – When Sri Lanka slid into its worst financial disaster in seven a long time resulting in lethal riots and alarming shortages of gas, meals and medicines earlier this yr, its big northern neighbour stepped into the breach. India offered about $4 billion in fast help between January and July, … Read more

Buffalo, N.Y. demise toll hits 25 from area’s worst blizzard in a long time

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Dec 26 (Reuters) – A robust blizzard that paralyzed western New York over Christmas weekend has killed not less than 25 folks, Erie county officers stated on Monday, as street and utility crews confronted a protracted day of digging out the snowed-in area round Buffalo. Erie County Govt Mark Poloncarz advised reporters at a Monday … Read more