India’s Adani slammed by $48bn stock rout, putting stock selloff at risk

Shares of Indian billionaire Adani’s companies hit by debt problems 7 Adani Group companies have lost a total of $48 billion since Adani slips to 7th richest in the world, from third Forbes Bill Ackman says Hindenburg report ‘highly credible’ MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) plunged on Friday … Read more

Dollar struggles, stocks buoyant as trade activity data sets tone

LONDON, Jan 24 (Reuters) – The euro held at a nine-month high against the dollar and global stocks hit multi-month highs on Tuesday after reasonable data on economic activity in Europe and a slew of corporate earnings kept risk appetite going. Euro zone business activity made a surprise return to growth in January, the latest … Read more

Factbox: Iran’s Revolutionary Guards: From Military Operations to Business Empire

DUBAI, Jan 19 (Reuters) – Iran’s Armed Forces General Staff, which coordinates activities between its conventional army and the Revolutionary Guard Corps, warned the European Union on Thursday not to classify the force as elite as a terrorist entity, state media reported. On Wednesday, the European Parliament called on the EU to list the Revolutionary … Read more

SLB wins business in Russia as oil rivals pull out after Ukraine invasion

Jan 19 (Reuters) – Following Moscow’s invasion of Ukraine, the world’s largest oil company SLB (SLB.N) has boosted its business in Russia by selecting service and equipment contracts for rivals who are gone, according to company documents and people familiar with its operations. While SLB’s continued embrace of Russia has drawn heavy criticism, interviews with … Read more

Hundreds of trucks rumble through Bolivia’s agricultural region as blockades hit business

PAILON, Bolivia, Jan 3 (Reuters) – Hundreds of trucks lined highways in Bolivia’s agricultural region of Santa Cruz on Tuesday as protesters blocked roads out of the area after the arrest of the local governor, and businesses hard-hit locals have called for a return order. Protests have gripped the lowlands region since the December 28 … Read more

Qatar strikes 27-year LNG deal with China as competition intensifies

Talks with other Chinese and European buyers underway -Kaabi Says buyers can take up to 5% stake in expansion Agreement indicates importance of long-term secure supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest LNG deal to date as volatility drives … Read more

Exclusive: US plans to send 100-mile strike weapon to Ukraine

WASHINGTON, Nov 28 (Reuters) – The Pentagon is considering a Boeing proposal to supply Ukraine with small, inexpensive precision bombs mounted on abundantly available rockets, allowing Kyiv to strike far behind Russian lines as the West is struggling to meet the demand for additional armaments. US and allied military stocks are dwindling and Ukraine faces … Read more

Rugby-Black Ferns triumph highlights sport’s finicky side

Dec 15 (Reuters) – Nothing sums up the unpredictability of sport better than the final seconds of the Women’s Rugby World Cup final when heavy favorites England, after a 30-game winning streak, looked set for glory against New Zealand but found themselves helpless. England, far further down the road of professionalism than any of their … Read more

Exclusive: Indian power producer NTPC to sell stake in green energy company – sources

NEW DELHI, Dec 14 (Reuters) – India’s biggest power producer NTPC Ltd (NTPC.NS) is aiming to sell a 20% stake in its green power business this financial year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state-owned company, … Read more

Businesses in China’s Wuhan face new worries after COVID easing

WUHAN, China, Dec 12 (Reuters) – Infections are giving a new boost to many small businesses in China’s central city of Wuhan, despite the easing of the toughest restrictions last week. As the sick and those fearful of infection stay at home, hopes for a better outlook after the lockdowns end are evaporating, at least … Read more