UTIL

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

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

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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

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

Russia says Ukraine storing arms at nuclear crops, Kyiv denies declare

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Jan 23 (Reuters) – Russia’s international intelligence service (SVR) on Monday accused Ukraine of storing Western-supplied arms at nuclear energy stations throughout the nation, an allegation dismissed as unfaithful by a senior Ukrainian official. The Russian spy company offered no proof and Reuters was unable to confirm the claims. An SVR assertion stated that U.S.-supplied … Read more

Pakistan scrambles to revive energy after second main grid breakdown in months

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ISLAMABAD, Jan 23 (Reuters) – Pakistan’s authorities stated it was scrambling to revive energy to thousands and thousands of individuals on Monday after a breakdown within the grid triggered the worst electrical energy outage in months and highlighted the weak infrastructure of the closely indebted nation. Power Minister Khurram Dastgir instructed reporters an inquiry had … 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