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

The slowdown in commercial activity in the United States is easing slightly; the euro zone returns to growth

Business activity in the United States is better than expected, but remains soft Eurozone records surprise return to modest growth UK PMI falls at fastest pace in two years, surveys show NEW YORK/LONDON, Jan 24 (Reuters) – The slowdown in business activity in the United States eased slightly in January, although it contracted for the … Read more

Outlook for Microsoft’s cloud business slightly behind expectations

Jan 24 (Reuters) – Microsoft Corp (MSFT.O) expects cloud revenue for the current quarter to be just below Wall Street expectations, dampening some enthusiasm for its pace of quarterly profit growth earlier on Tuesday. The shares initially rose sharply in after-hours trading, but lost steam after the company’s cloudy forecast. Microsoft said its smart cloud … Read more

Dollar slips as upbeat data on Eurozone economic activity drives euro higher

NEW YORK, Jan 24 (Reuters) – The dollar fell slightly against the euro on Tuesday after data showed business activity in the euro zone made a surprise return to modest growth in January, while US business activity fell for a seventh straight month. While business activity in the United States contracted in January, the slowdown … Read more

In a Tokyo supermarket, signs of struggle for Japanese companies

TOKYO, Jan 20 (Reuters) – Japanese supermarket owner Hiromichi Akiba has built his bustling business on close ties to his neighborhood – the reason he says he can’t make the price hikes on his merchandise that would allow him to give his employees a pay raise. Sharp price increases linked to soaring raw material costs … Read more

Analysis: Small and medium-sized enterprises are expected to drive the rebound in business travel in 2023

Jan 18 (Reuters) – New York excavation contractor Brian Dietz does not see higher airfares as a deciding factor for flying and airlines are increasingly seeing small and medium-sized businesses as the hers to fuel a rebound in business travel in 2023. Family business co-owner Bob Dietz & Sons isn’t thrilled with the higher fares, … Read more

Goldman misses earnings estimates as deals slump and consumer business hits

Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, … Read more

Exclusive: Shell’s energy transition sparked talks to sell Norway business

Shell and Harbor Energy held talks late last year The talks included Norway, Italy and some British assets Shell focuses on low-carbon renewables LONDON, Jan 10 (Reuters) – Shell (SHEL.L) held talks with Harbor Energy (HBR.L) to sell its Norwegian oil and gas fields last year but could not reach a deal in due to … 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