(Reuters) – The New York Stock Exchange said on Wednesday that a sell short restriction (SSR) was “erroneously” triggered in a set of ticker symbols for companies listed on the exchange on Tuesday that led to a glitch at market open. The glitch prevented the opening auctions for a slew of stocks, prompting widespread trading…
By Gabriel Burin and Valentine Hilaire BUENOS AIRES/MEXICO CITY (Reuters) – Brazil’s slowing economy will likely remain weak in 2023 as a planned spending drive by newly-elected President Luiz Inacio Lula da Silva risks keeping already-high borrowing costs elevated for longer, a Reuters poll of economists found. Lula’s government, which took power on Jan. 1,…
By Akriti Sharma (Reuters) – Microsoft Corp on Wednesday was hit with a networking outage that took down its cloud platform Azure along with services such as Teams and Outlook, potentially affecting millions of users globally. Azure’s status page showed services were impacted in Americas, Europe, Asia Pacific, Middle East and Africa. Only services in…
BENGALURU (Reuters) – Hindenburg Research said on Wednesday it held short positions in Adani Group, accusing the Indian conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. The group, which is led by Gautam Adani, the world’s third richest man according to Forbes, dismissed…
(Reuters) -Microsoft Corp said on Wednesday it was investigating an outage, which left thousands of users in India unable to access the website’s multiple services including Teams and Outlook. Downdetector.com, which tracks outages through a range of sources including user reports, showed there were more than 3,700 incidents of people reporting issues with Microsoft Teams…
By Anshuman Daga SINGAPORE (Reuters) -Asian equities scaled their highest levels in seven months on Wednesday after some regional markets reopened after holidays, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% to a seven-month high but traded…
A look at the day ahead in European and global markets from Anshuman Daga After a strong start to the year, fuelled by hopes that the outlook for the world economy was not shaping up as bad as expected a few months ago, stocks are finally taking a breather. Asian equities held steady on Wednesday…
By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) on Tuesday faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal crash and said investigators did not adequately address the performance of the flight crew. NTSB chair Jennifer Homendy said in an interview that Ethiopia’s Aircraft Investigation Bureau (EAIB) had…
(Reuters) – Short-seller Hindenburg Research said on Wednesday it holds short positions in India’s Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments. The seven listed companies of the Adani group, which is controlled by world’s third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg…
(Reuters) – Advertising spend on Twitter Inc dropped by 71% in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index comes (SMI) as Twitter is moving to reverse the advertiser exodus. It has introduced a…
