MTPIX

Exclusive: India’s Adani says $2.5 billion share sale on track even as bankers mull changes

MUMBAI, Jan 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes due to a market rout in the group’s shares. Bankers on the deal were considering extending the sale or …

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UK regional airline Fly ceases trading, cancels all flights

Collapses for second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights canceled and 276 …

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EV maker Lucid surges on report Saudi PIF to buy remaining stake

Jan 27 (Reuters) – Lucid Group’s (LCID.O) shares surged 43% on Friday, paring gains after doubling on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted to buy out the electric vehicle maker. The speculation originated from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the …

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Exclusive: JPMorgan looking to finance Italy’s Serie A for up to 1 trillion euros

Clubs informed of offer at soccer league’s meeting Thursday Serie A studying ways to boost revenue via media rights Funds including Apollo have also expressed interest Clubs to assess in coming weeks JPM’s, funds’ proposals MILAN, Jan 27 (Reuters) – JPMorgan Chase & Co (JPM.N) has written to Italy’s top soccer league to express a …

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Intel’s ‘historic collapse’ triggers selloff in chip stocks

Jan 27 (Reuters) – Five of the biggest US chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp (INTC.O) stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue …

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India’s Adani begins record share sale as short seller triggers $44 billion rout

MUMBAI, Jan 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) sank 15% on Friday as a scathing report by a US short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies of the Adani conglomerate – …

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Morgan Stanley penalizes employees as much as $1 million for WhatsApp breaches – source

NEW YORK, Jan 26 (Reuters) – Morgan Stanley (MS.N) has imposed financial penalties on employees who used messaging platforms such as WhatsApp for company business, according to two sources familiar with the situation. The penalties ranged from several thousand dollars for some staff to more than $1 million for others. The amounts were determined by …

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India’s Adani Group says evaluating action against Hindenburg Research

BENGALURU, Jan 26 (Reuters) – Adani Group said on Thursday it is evaluating “remedial and punitive action” under US and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens. Shares in seven listed group companies of Adani lost $10.73 billion in market capitalization in …

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Explainer: Who is behind Hindenburg, the company that is shorting Adani?

NEW YORK, Jan 25 (Reuters) – Short-seller Hindenburg Research disclosed on Wednesday short positions in India’s Adani Group, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the conglomerate’s companies down. Hindenburg has a track-record of finding corporate wrongdoings and placing bets against the companies. WHAT IS …

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