SHIP08

Adani abandons $2.5 bln share sale in large setback to Indian tycoon

by

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

by

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

by

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

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

Hindenburg shorts India’s Adani Group, flags debt and accounting considerations

by

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

Site visitors in Suez Canal regular after ship breakdown handled, SCA says

by

CAIRO, Jan 9 (Reuters) – Delivery site visitors within the Suez Canal was continuing usually on Monday after tugs towed a cargo vessel that broke down throughout its passage via the waterway, the Canal Authority mentioned. The breakdown was anticipated to trigger solely minor delays, with convoys of ships resuming common transit by 11:00 native … Read more

Putin deploys new Zircon hypersonic cruise missiles to Atlantic

by

Putin sends hypersonic missiles to Atlantic Sends of frigate with Zircon missiles Putin says no different energy has such weapons Russia has used hypersonic missiles in Ukraine This content material was produced in Russia the place the legislation restricts protection of Russian army operations in Ukraine MOSCOW, Jan 4 (Reuters) – President Vladimir Putin despatched … Read more

Twenty oil tankers halted close to Istanbul in insurance coverage dispute

by

Backlog unsettling oil and tanker markets Turkey says out of query to take insurance coverage danger Yellen says oil from Kazakhstan shouldn’t be focused Ankara says most of ready ships are EU vessels ISTANBUL, Dec 9 (Reuters) – The variety of oil tankers ready within the Black Sea to move via Istanbul’s Bosphorus Strait on … Read more

Japan, Britain and Italy to construct joint jet fighter

by

TOKYO/LONDON, Dec 9 (Reuters) – Japan, Britain and Italy are merging their next-generation jet fighter initiatives in a ground-breaking partnership spanning Europe and Asia that’s Japan’s first main industrial defence collaboration past america since World Conflict Two. The deal, which Reuters reported in July, goals to place a sophisticated front-line fighter into operation by 2035 … Read more

Keystone pipeline shut after 14,000-barrel oil spill in Kansas

by

Dec 8 (Reuters) – Canada’s TC Vitality shut its Keystone pipeline in the US after greater than 14,000 barrels of crude oil spilled right into a creek in Kansas, making it one of many largest crude spills in the US in practically a decade. The reason for the leak, which occurred in Kansas about 20 … Read more