GASU

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

Italy’s Eni indicators $8 billion Libya fuel deal as PM Meloni visits Tripoli

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ROME/TRIPOLI, Jan 28 (Reuters) – Italian power firm Eni and Libya’s Nationwide Oil Company (NOC) signed an $8 billion fuel manufacturing deal on Saturday aimed toward boosting power provides to Europe regardless of the insecurity and political chaos within the North African nation. The deal, signed throughout a go to to Tripoli by Italy’s Prime … 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

Factbox: Why have been tens of millions of Pakistanis with out electrical energy?

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SINGAPORE, Jan 23 (Reuters) – Tens of millions of Pakistanis have been left with out electrical energy for the second time in three months after a grid failure on Monday, affecting almost all components of the nation – from the capital Islamabad within the north to Karachi within the south. This is a have a … Read more

UK’s Nationwide Grid to pay folks to make use of much less energy amid chilly snap

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LONDON, Jan 23 (Reuters) – Britain’s Nationwide Grid (NG.L) stated it might pay clients to make use of much less energy on Monday night and that it had requested for 3 coal-powered turbines to be warmed up in case they’re wanted because the nation faces a snap of chilly climate. The group stated that it … Read more

Unique: Europeans dial down the heating, heed calls to avoid wasting power

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BERLIN, Jan 18 (Reuters) – Europeans have dialled down their heating this winter, apparently heeding authorities calls to preserve power amid the Ukraine disaster, with some delaying switching it on by virtually a month and setting the temperature decrease, information exhibits. The information, from a whole lot of 1000’s of sensible thermometers put in in … Read more

Lithuania-Latvia gasoline pipeline blows up, however no signal of assault

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VILNIUS, Jan 13 (Reuters) – A gasoline pipeline connecting Lithuania and Latvia was hit by an explosion on Friday however there was no quick proof of an assault, Lithuania gasoline transmission operator Amber Grid mentioned. Video printed by Lithuania’s public broadcaster LRT confirmed a fireplace raging on the blast web site within the Panevezys county … Read more