INVBR1

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

Unique: India’s Adani says $2.5 billion share sale on monitor at the same time as bankers mull modifications

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MUMBAI, Jan 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) stays on schedule on the deliberate difficulty value, the corporate instructed Reuters on Saturday, whereas sources mentioned bankers had been contemplating modifications resulting from a market rout within the group’s shares. Bankers on the deal had been contemplating extending the … 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

Goldman misses revenue estimates as dealmaking slumps, client enterprise hit

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Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter revenue because it struggled with a droop in dealmaking, a drop in asset and wealth administration income and booked losses at its client enterprise. Wall Avenue banks are making deep cuts to their workforce and streamlining their … Read more

Shares rise, yen climbs as BOJ battles bond bears

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BOJ underneath intense strain because it defends yield coverage Yen hits 7-mth excessive, yuan climbs as greenback eases Extra earnings forward, many central financial institution audio system Britain’s FTSE flirts with file excessive SYDNEY/LONDON, Jan 16 (Reuters) – Shares firmed on Monday as optimism over company earnings and China’s reopening offset considerations the Financial institution … Read more

S&P 500 ends at highest in month, indexes acquire for week as earnings kick off

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JPMorgan, Wells Fargo shares leap U.S. customers’ inflation expectations ease – survey Tesla falls after value cuts on electrical autos Indexes: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq completed at their highest ranges in a month on Friday, with shares of … 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

Wall Avenue ends sharply larger on optimism earlier than key inflation report

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CPI report due Thursday earlier than the bell Mattress, Tub & Past extends current positive aspects Indexes: Dow up 0.8%, S&P 500 up 1.3%, Nasdaq up 1.8% NEW YORK, Jan 11 (Reuters) – U.S. shares ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining greater than 1% every as buyers have been … Read more

U.S. banks prepare for shrinking income and recession

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NEW YORK, Jan 10 (Reuters) – U.S. banking giants are forecast to report decrease fourth quarter income this week as lenders stockpile rainy-day funds to arrange for an financial slowdown that’s battering funding banking. 4 American banking giants — JPMorgan Chase & Co (JPM.N), Financial institution of America Corp (BAC.N), Citigroup Inc (C.N) and Wells … Read more

Goldman Sachs to start out slicing 1000’s of jobs midweek

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Jan 9 (Reuters) – Goldman Sachs Group (GS.N) will begin slicing 1000’s of jobs throughout the agency from Wednesday, two sources accustomed to the transfer mentioned, because it prepares for a tricky financial surroundings within the 12 months forward. The job cuts are anticipated to be simply over 3,000, one of many sources mentioned, however … Read more