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

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

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

France hit by new wave of strikes in opposition to Macron’s pension reform

Reform would increase retirement age to 64 Faculties, transport networks, refinery deliveries hit Macron: Reform important to make sure viability of pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Placing staff disrupted French refinery deliveries, public transport and colleges on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make … Read more

Adani’s essential share sale 85% subscribed as establishments pump in funds

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

New Zealand counts value of Auckland floods, extra rain forecast

WELLINGTON, Jan 30 (Reuters) – Flood-ravaged Auckland is forecast to obtain additional heavy rain within the coming days, authorities in New Zealand’s largest metropolis mentioned on Monday, as insurers counted the prices of what seems to be more likely to be the nation’s most costly climate occasion ever. 4 folks misplaced their lives in flash … Read more

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

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

Boeing’s 747, the unique jumbo jet, prepares for last send-off

Ultimate 747 freighter to be delivered to Atlas Air Ends greater than 5 a long time of business output Almost bankrupted Boeing, earlier than turning into a money cow Simple to fly, says rock star-pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – Boeing’s (BA.N) 747, the unique and arguably most aesthetic “Jumbo Jet”, revolutionized air … Read more

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

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

Explainer: Why U.S. flights have been grounded by a FAA system outage

Jan 11 (Reuters) – The Federal Aviation Administration (FAA) allowed some flights to renew after an outage of the system that alerts pilots to any obstructions earlier than take-off had earlier compelled the civil aviation regulator to floor all plane in the US. Over 4,000 flights have been delayed and greater than 600 canceled due … Read more

U.S. airports rumble again to life after FAA laptop outage

WASHINGTON, Jan 11 (Reuters) – U.S. flights had been slowly starting to renew departures and a floor cease was lifted after the Federal Aviation Administration (FAA) scrambled to repair a system outage in a single day that had pressured a halt to all U.S. departing flights. The reason for the issue, which delayed 1000’s of … Read more