Indian opposition lawmakers have demanded an investigation into Adani Group, as the crisis surrounding tycoon Gautam Adani’s embattled empire deepened, with market losses topping $100bn after a United States short seller accused it of pulling “the largest con in corporate history”. A session of the lower house of India’s Parliament was adjourned amid loud protests …
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still …
CNN — Several suspects have been arrested in connection with Monday’s suicide bomb blast in a mosque in Pakistan’s northern city of Peshawar that killed more than 100 people. More arrests will take place following a major police investigation into the attack that injured another 217 people, Peshawar Police Chief Mohammad Aijaz Khan said. Authorities …
Pakistan mosque attack: Suspects arrested after killing of over 100 people Read More »
Peshawar, Pakistan – Naib Rehman lies on his hospital bed with his leg wrapped in plaster. The 44-year-old recalls that as he stood for the afternoon prayer along with 300 other worshipers, a massive blast shook the mosque in the northwestern Pakistani city of Peshawar. At least 100 people, most of them policemen, were killed …
Pakistan mosque bombing survivors traumatized but undeterred | News Read More »
BEIRUT, Jan 31 (Reuters) – Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The shift from the old rate of 1,507 to 15,000 is …
Lebanon to devalue currency by 90% on Feb. 1, central bank chief says Read More »
New Delhi, India – Hundreds of people on Monday defied the harsh Himalayan cold as they gathered in Srinagar, the largest city in Indian-administered Kashmir, to join opposition leader Rahul Gandhi on the last day of his nearly 150-day cross-country “unity” march. Launched on September 7, 2022 from the country’s southernmost tip of Kanyakumari in …
Gandhi’s 150-day march is over. But will it revive Congress? | Politics News Read More »
SINGAPORE, Jan 31, (Reuters) – Like many wealthy Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …
Disillusioned at home, super-rich Chinese set their sights on Singapore Read More »
Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of a US short seller’s criticism failed to pacify investors, deepening a market rout that has now led to losses of $65bn in the group’s stock values. Led by Asia’s richest man Gautam Adani, the Indian group has locked horns with Hindenburg …
India’s Adani firms lose $65bn in value | Business and Economy News Read More »
NEW DELHI, Jan 30 (Reuters) – India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic goods, including from China, as trade imbalances concern policymakers, two government officials and an industry source said. As many as 18 key government ministries, led by the federal trade ministry, met …
India plans measures to curb Chinese imports as trade gap concerns mount -sources Read More »
SINGAPORE, Jan 30 (Reuters) – Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply linger worries despite expectations of demand recovery in China. State oil company Saudi Aramco may lower the official selling price …
Saudi Arabia may lower crude prices to Asia for 4th straight month Read More »
