FOD

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

Explainer: Spilt milk? Why are the US and Canada preventing over dairy?

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WINNIPEG, Manitoba, Feb 1 (Reuters) – The USA on Tuesday mentioned it was looking for a second commerce dispute settlement panel over Canada’s dairy import quotas, accusing Canada of not assembly obligations to open its market to American producers. The transfer is the newest salvo in longstanding tensions between the commerce companions over Canada’s protected … 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

Unilever names former Heinz exec Schumacher as CEO

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To turn into CEO July 1 Activist shareholder says met Schumacher when at Heinz First outsider CEO since Paul Polman appointed in 2008 Unilever shares outpace FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to interchange Alan Jope as chief government from July in a transfer that was welcomed by … 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

Lab-grown meat strikes nearer to American dinner plates

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WASHINGTON, Jan 23 (Reuters) – As soon as the stuff of science fiction, lab-grown meat may grow to be actuality in some eating places in the US as early as this yr. Executives at cultivated meat corporations are optimistic that meat grown in large metal vats may very well be on the menu inside months … Read more

Excessive egg costs ought to be investigated, U.S. farm group says

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Jan 19 (Reuters) – The Federal Commerce Fee (FTC) ought to look at excessive egg costs for indicators of value gouging from prime egg firms, a farm group stated, as Individuals proceed to pay greater than ever for the family staple. U.S. regulators, farmers, and trade have usually argued in recent times concerning the energy … Read more

Over 50 injured in Peru as protests trigger ‘nationwide chaos’

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LIMA, Jan 20 (Reuters) – Dozens of Peruvians have been injured after tensions flared once more on Friday evening as police clashed with protesters in anti-government demonstrations which might be spreading throughout the nation. Within the capital Lima, cops used tear fuel to repel demonstrators throwing glass bottles and stones, as fires burned within the … Read more

This is what Twitter misplaced in promoting income in remaining months of 2022

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NEW YORK/LONDON, Jan 20 (Reuters) – High advertisers on Twitter slashed their spending after Elon Musk’s takeover, in response to estimates compiled for Reuters by analysis agency Pathmatics, within the newest shock to the corporate’s dominant income supply. Fourteen of the highest 30 advertisers on Twitter stopped all promoting on the platform after Musk took … Read more