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…
By Rae Wee SINGAPORE (Reuters) – The Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand’s fourth-quarter inflation rose less than what its central bank had forecast. The euro held near a nine-month peak against the dollar, as…
By Maiya Keidan TORONTO (Reuters) -A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc, in a boost to the companies’ efforts to close a deal struck nearly two years ago. The deal, which would create Canada’s No. 2 telecoms…
By Yuvraj Malik and Jane Lanhee Lee (Reuters) – Microsoft Corp forecast cloud revenue for the current quarter at just below Wall Street expectations, dampening some enthusiasm for its beat on quarterly profit earlier on Tuesday. Shares initially rose sharply in after-hours trading but lost steam after the company’s cloud forecast. Microsoft said its third-quarter…
