Indonesia president warns financial regulator to boost supervision after Adani rout

Indonesian President Joko Widodo urged on Monday his country's financial regulator to strengthen supervision on capital markets in the wake of the crisis at India's Adani Group.
6 February 2023, 07:45 AM

Adani Group plans to trim its capital spending plans: Report

India's Adani Group plans to trim its capital spending plans, newspaper Mint reported today citing people close to the development, days after the conglomerate's flagship firm called off a $2.5 billion share sale.
6 February 2023, 05:30 AM

Adani Enterprises shelves $122 mn bond plan

Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), Bloomberg News reported on Saturday.
4 February 2023, 14:33 PM

Adani issue a ‘storm in a tea cup’

The Indian government yesterday termed the stock market turmoil sparked by a sharp fall in the values of Adani Group a "storm in a teacup" as a ruckus over the issue disrupted the proceedings of both Houses of the Indian parliament for the second successive day.
3 February 2023, 13:26 PM

Adani group's market losses hit $100 billion

India's Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week's short-seller attack.
2 February 2023, 05:50 AM

Adani Enterprises enters final day of crucial $2.5 billion share sale

India's Adani Enterprises (ADEL.NS) climbed 2 per cent in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a US short-seller's scathing attack.
31 January 2023, 06:03 AM

Samsung profit plummets to 8-year-low

Samsung Electronics Co Ltd (005930.KS) today reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half year, though demand is likely to start recovering in the second half.
31 January 2023, 02:55 AM

Growth trajectory of Adani Group's underlying businesses not affected: CFO

The growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial Officer Jugeshinder Singh said today.
30 January 2023, 05:26 AM

Adani hits back at Hindenburg, says complies with local laws

India's Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures.
30 January 2023, 03:45 AM

Adani slips from world’s 3rd richest to 7th in Forbes list

Indian billionaire Gautam Adani's net worth continues to decline as he falls from being the third richest person in the world to seventh in the Forbes Real Time Billionaires' list.
28 January 2023, 08:03 AM

MSCI seeks feedback on Adani Group over Hindenburg report

Index provider MSCI said today it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller Hindenburg Research.
28 January 2023, 05:20 AM

Pakistani rupee plummets

The Pakistani rupee fell 9.6 per cent against the dollar on Thursday, central bank data showed - the biggest one-day drop in over two decades - in a slump that may persuade the International Monetary Fund to resume lending to the country.
26 January 2023, 18:00 PM

Putin bans Russian oil exports to countries that implement price cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from February 1 for five months to nations that abide by the cap.
28 December 2022, 03:22 AM

Oil prices rise after OPEC+ keeps output cut targets

Oil prices edged up today after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
5 December 2022, 07:57 AM

Foxconn unrest risks iPhone shipments

Foxconn's (2317.TW) flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit.
26 November 2022, 05:26 AM

China's great reopening may come too late for many businesses

The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh Covid-19 restrictions.
22 November 2022, 11:19 AM

Amazon lays off some staff as it targets 10,000 cuts

Amazon.com Inc (AMZN.O) on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources.
17 November 2022, 02:30 AM

Human rights abuse: Marks & Spencer to stop sourcing from Myanmar

British retailer Marks & Spencer (M & S) is going to stop sourcing apparel items from Myanmar from next year citing the reasons of human rights abuse.
14 October 2022, 05:07 AM

US, Taiwan to start formal trade talks under new initiative

The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with "economically meaningful outcomes", in another sign of stepped up US support for the island.
18 August 2022, 04:47 AM

J&J baby powder to stop selling globally in 2023

Johnson & Johnson (JNJ.N) will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits.
12 August 2022, 05:54 AM