ESG

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

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

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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

It’s not simple being inexperienced: why the FX market is lagging on ESG

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Think about a gathering of desk heads at a financial institution, to debate progress on ESG transactions. The charges head describes an rate of interest swap linked to local weather metrics. The fairness head talks about an index futures commerce that tracks environmental benchmarks. Then it’s the flip of the overseas trade head – and … 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

Texas AG to halt most of Citigroup’s municipal choices on gun legislation row

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Jan 18 (Reuters) – Citigroup Inc (C.N) has discriminated towards the firearms sector, the workplace of Texas Lawyer Basic Ken Paxton stated, making a call that “has the impact” of Texas halting Citi’s capacity to underwrite most municipal bond choices within the state. Republicans have been ramping up strain on the finance trade over environmental, … Read more

Twitter’s laid-off staff can not pursue claims by way of class-action lawsuit-judge

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Jan 14 (Reuters) – Twitter Inc has secured a ruling permitting the social media firm to power a number of laid-off staff suing over their termination to pursue their claims by way of particular person arbitration than a class-action lawsuit. U.S. District Decide James Donato on Friday dominated that 5 former Twitter workers pursuing a … Read more

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

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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

Why Buyers Want Higher Company Tax Disclosures- Half II

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In Half II, I evaluate the generally used company methods to shelter earnings in abroad low tax havens and why an ESG investor would possibly wish to push for extra clear jurisdiction by jurisdiction information. I counsel a tentative function mannequin of what such disclosures ought to appear to be. Greenback payments on a sunny … Read more