BENGALURU (Reuters) – Adani Group said on Monday the balance sheet of each of its portfolio companies was “very healthy” and that it has strong corporate governance and secure assets, amid a stock rout in the wake of a short-seller report. Adani Group companies “have strong cash flows, and our business plan is fully funded,”…
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – Global shares steadied, while the dollar rose on Monday, ahead of U.S. inflation data that could define the outlook for global interest rates, while news that the U.S. air force had shot down another airborne object created some geopolitical uncertainty. Officials declined to say whether this…
(Reuters) – Japanese investors turned net buyers of overseas bonds in January for the first time in five months, as U.S. bond yields retreated on signs that slowing inflation would prompt major central banks to reduce their pace of rate hikes. According to data from Japan’s Ministry of Finance, Japanese investors purchased a net 1.56…
SHANGHAI (Reuters) – Slashed prices have given Tesla’s China sales a pop, but analysts – and even fans – warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its…
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, which has seen its net interest margins hit highs for the decade on rising interest rates, expects rates to moderate, its chief executive said, as Southeast Asia’s largest bank by assets reported record quarterly and full-year profit. Singapore lenders, like global peers, are benefiting from…
A look at the day ahead in European and global markets from Tom Westbrook A flying octagon was the fourth object to be shot down over North America by a U.S. missile in little more than a week. Officials declined to say whether it resembled the large white Chinese balloon that was shot down earlier…
