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

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

AstraZeneca bolsters heart and kidney business with $1.8 billion deal with CinCor

AZN shares slip 1% on Monday Farxiga-baxdrostat combination could expand franchise – AZN exec Falling valuations of biotech companies could boost deal-making Jan 9 (Reuters) – AstraZeneca (AZN.L) said on Monday it has reached an agreement to buy U.S. drug developer CinCor Pharma Inc (CINC.O) for up to $1.8 billion to boost its stock of … 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

Biden and Xi to meet ahead of G20, Musk addresses business forum by candlelight

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of the tension-laden Group of 20 (G20) summit about Russia’s invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more