ASIA

Breakingviews: Adani Raises India Emerging Markets Risk Again

HONG KONG/MUMBAI, Jan 31 (Reuters Breakingviews) – India is making its way onto global investors’ maps. How the country’s financial authorities handle the sell-off of $65 billion in Gautam Adani’s eponymous infrastructure empire after an onslaught of short selling could determine how soon the country establishes itself as a reliable investment destination. The World Bank …

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Adani hits back at Hindenburg, saying he made all the revelations

Adani issued a 413-page rebuttal to the Hindenburg report The US short sellers report sent Adani shares lower Adani says it complies with laws, required disclosures Adani’s CFO is confident the $2.5 billion share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed response on Sunday to a Hindenburg …

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Pakistan’s rupee falls sharply as markets adjust to the lifting of unofficial controls

Pakistan’s rupee fell 9.6 percent against the dollar on Thursday, central bank data showed – the biggest one-day drop in more than two decades – in a slide that could persuade the International Monetary Fund to resume lending to the country. The drop comes a day after foreign exchange firms lifted the exchange rate ceiling, …

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US stocks fall on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trading Southwest Airlines falls 5.2% after government takeover Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes finished lower on Wednesday, with the Nasdaq hitting a 2022 closing low as investors grappled with mixed economic data, rising COVID cases in China and …

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Non-EU carriers are losing market share after years of growth

After making gains over the past two years as shipments rose, non-alliance carriers are losing market share again (Los Angeles file photo) Posted on January 19, 2023, 6:29 pm by The Maritime Executive After enjoying strong growth during the shipping boom of the past two years, Sea-Intelligence reports that non-union carriers are once again losing …

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The BOJ defied market bets on policy adjustments, sending the yen tumbling

BOJ keeps interest rate targets, yield range intact BOJ increases market operations tool, signals YCC status quo The board raises inflation forecasts but cuts growth forecasts TOKYO, Jan 18 (Reuters) – Japan’s central bank on Wednesday kept interest rates ultra-low, including a cap on bond yields that it has struggled to defend, defying market expectations …

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Bain Capital explores Virgin Australia IPO as aviation market improves

SYDNEY, Jan 16 (Reuters) – Bain Capital said on Monday it is looking to relist airline Virgin Australia in a move that will come as the local aviation market rebounds strongly from pandemic lows. The listing of Australia’s second-largest carrier is likely to be one of the country’s biggest initial public offerings (IPOs) in 2023, …

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