India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

India’s Adani Begins Record Share Selling as Short Seller Causes  Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers debt service relief in 2022, 2023 Sri Lankan sources are unclear whether a Chinese letter will be enough for the IMF Broad agreement between IMF and China on Zambia could provide clues NEW DELHI/COLOMBO, Jan. 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt, … Read more

Wall Street falters after mixed gains, trading halt malfunction

Wall Street falters after mixed gains, trading halt malfunction

SEC investigates NYSE opening bell error 3M slides on dismal Q1 forecast J&J falls on sales alert; GE down on weak earnings outlook Microsoft will release quarterly figures after the stock market close Indices: Dow up 0.18%, S&P 500 down 0.13%, Nasdaq down 0.25% NEW YORK, Jan. 24 (Reuters) – Wall Street was mixed on … Read more

Exclusive: Binance Moved $346M For Seized Crypto Exchange Bitzlato, Data Show

Exclusive: Binance Moved 6M For Seized Crypto Exchange Bitzlato, Data Show

LONDON, Jan. 24 (Reuters) – Crypto giant Binance processed nearly $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering machine”, according to blockchain data seen by Reuters. The Justice Department said on Jan. 18 that it charged Bitzlato’s co-founder … Read more

New Zealand’s Ardern takes an emotional farewell as prime minister on the last day

New Zealand’s Ardern takes an emotional farewell as prime minister on the last day

WELLINGTON, Jan. 24 (Reuters) – Jacinda Ardern gave an emotional farewell to her last day as prime minister on Tuesday, speaking of the kindness and empathy New Zealanders have shown her but saying she was ready to be a sister and a mother to be. Days after stunning the world by announcing she was “no … Read more

Cryptoverse: Bitcoin investors are taking control

Cryptoverse: Bitcoin investors are taking control

24 January (Reuters) – Paranoid? The domino demise of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Holders large and small are indeed taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As … Read more

Lab-grown meats are moving closer to American dinner plates

Lab-grown meats are moving closer to American dinner plates

WASHINGTON, Jan. 23 (Reuters) – Once the stuff of science fiction, lab-grown meat could become a reality in some restaurants across the United States as early as this year. Executives at cultured meat companies are optimistic that meat grown in huge steel drums could be on the menu within months after a company gets the … Read more

New suppliers are racing to plug into the electric car market

New suppliers are racing to plug into the electric car market

WOKING, England, Jan. 23 (Reuters) – The global auto industry has committed $1.2 trillion to the development of electric vehicles (EVs), presenting a golden opportunity for new suppliers to win contracts supplying everything from battery packs to motors and inverters. Startups specializing in batteries and coatings to protect EV parts, and suppliers traditionally focused on … Read more

Japan warns of dire finances as BOJ struggles to keep yields in check

Japan warns of dire finances as BOJ struggles to keep yields in check

Japan’s finances worsened to an unprecedented level Rounds of extra budget, stimulus measures weigh down finances Public finances are the cornerstone of a country’s confidence – finmin Economic recovery comes first before long-term fiscal reform The parliament debate begins, all eyes are on the new BOJ gubernatorial candidate TOKYO, Jan. 23 (Reuters) – Japan’s finances … Read more