By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -India’s Adani Group is confident of its governance and disclosure standards after a top court panel found no lapses at the conglomerate, its chairman said on Tuesday, calling a U.S. short-seller’s report earlier this year a “malicious attempt” at damaging its reputation. The panel “confirmed the…
By Richard Cowan WASHINGTON (Reuters) -Maverick Democratic Senator Joe Manchin on Monday said he believed that having a third-party candidate run in the 2024 U.S. presidential election would “threaten” the two major political parties into tacking towards more moderate positions as their only path to victory. The former West Virginia governor left open the door…
By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, as global economic woes dent demand for semiconductors, though analysts say business performance is likely to improve in the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest…
KUALA LUMPUR (Reuters) – Malaysian police said on Tuesday they had opened an investigation into the disappearance this month of a Myanmar democracy activist and her family, who are U.N. refugee card holders. Human Rights Watch (HRW) this week said Thuzar Maung, 46, her husband and three children, were feared abducted “in a planned operation”…
LONDON (Reuters) – From Britain to Sweden and France, debt-laden firms are starting to feel the strain from high inflation and interest rates. Here’s a snapshot of some European companies whose financial woes are now in the spotlight. 1/ Thames Water Significance: Britain’s biggest water supplier. Size of debt: 14 billion pounds ($18.33 billion). What’s…
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China’s raft of unimpressive data and with the economic calendar now light, worries over a stuttering post COVID-19 recovery in the world’s second-biggest economy are likely to linger as Europe wakes up. The anaemic Chinese recovery…
By Selena Li and Xie Yu HONG KONG (Reuters) – China’s CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing’s call to bridge income inequality in the financial sector, people with knowledge of the matter said. In an unusually…
By Soo-hyang Choi SEOUL (Reuters) -South Korean President Yoon Suk Yeol on Tuesday called for an overhaul of the country’s disaster response system to better cope with climate change-induced crises, after days of torrential rain killed dozens of people in the country. More than 40 people have lost their lives and nine remain missing in…
BEIJING (Reuters) – China’s top economic planner pledged on Tuesday that it would roll out policies to “restore and expand” consumption without delay as consumers’ purchasing power remained weak, suggesting an urgency to revive domestic demand. The world’s second-largest economy grew at a frail pace in the second quarter, official data showed on Monday. Gross…
