fund

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

by

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

Norway wealth fund posts document $164 bln loss

by

Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

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

by

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

Adani hits again at Hindenburg, says it made all disclosures

by

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

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

by

NEW YORK, Jan 28 (Reuters) – Legal professionals for Sam Bankman-Fried on Saturday urged a U.S. choose to not ban the indicted FTX cryptocurrency govt from speaking with former colleagues as a part of his bail, saying prosecutors “sandbagged” the method to place their shopper within the “worst potential mild.” The attorneys have been responding … Read more

Explainer: Who’s behind Hindenburg, the corporate that’s shorting Adani?

by

NEW YORK, Jan 25 (Reuters) – Quick-seller Hindenburg Analysis disclosed on Wednesday quick positions in India’s Adani Group, citing potential inventory manipulation and accounting fraud in a report. The allegations despatched bonds and shares within the conglomerate’s corporations down. Hindenburg has a track-record of discovering company wrongdoings and inserting bets in opposition to the businesses. … Read more

There’s An Innovation Revolution Going On In Sports activities, And VC Agency Sapphire Is Serving to Pay For It

by

Michael Spirito and Doug Higgins of Sapphire Sports activities COURTESY SAPPHIRE SPORTS Sapphire Sports activities says it attracted a contemporary $181 million from a who’s who of buyers — making $300 million whole — to gas startups which are disrupting sports activities leisure and tradition. Tright here’s Time beyond regulation, which pays six-figure offers to … Read more

Cryptoverse: Bitcoin buyers take management

by

Jan 24 (Reuters) – Paranoid? The domino downfall of FTX and different crypto custodians is sufficient to take advantage of trusting investor seize their bitcoin and shove it below the mattress. Certainly, holders large and small are taking “self-custody” of their funds, shifting them from crypto exchanges and buying and selling platforms to private digital … Read more

Feds seized almost $700 million from FTX founder Bankman-Fried

by

Jan 20 (Reuters) – Federal prosecutors have seized almost $700 million in belongings from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, based on a Friday courtroom submitting. Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX clients to pay money owed incurred by his crypto-focused hedge … Read more

Crypto lender Genesis getting ready to file for chapter, Bloomberg Information experiences

by

Jan 18 (Reuters) – Cryptocurrency lender Genesis International Capital is planning to file for chapter as quickly as this week, Bloomberg Information reported on Wednesday, citing individuals with information of the state of affairs. A chapter submitting has been anticipated for weeks, after the corporate froze buyer redemptions on Nov. 16 following the downfall of … Read more