CMPNY

Breakingviews: Adani Raises India Emerging Markets Risk Again

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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

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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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Explanation: Wall Street’s Market Troubles and Consequences

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NEW YORK, Jan 24 (Reuters) – The New York Stock Exchange (NYSE) suffered a technical glitch at the opening of trading on Tuesday that caused more than 80 stocks to be halted for several minutes, creating confusion among traders about which orders were filled and where stocks traded and going back to the “flash crash” …

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

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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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Bain Capital explores Virgin Australia IPO as aviation market improves

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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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Gucci hits the runway as the fashion world awaits a new designer

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PARIS/MILAN, Jan 13 (Reuters) – Gucci kicked off Milan Fashion Week on Friday with a range of casual, androgynous menswear styles, pushing ahead with its latest collection as the industry waits for owner Kering ( PRTP.PA ) to indicate new designer for the label. French luxury group Kering is under pressure to quickly find a …

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