EREP – Good Info

Hindenburg’s bet against Indian company Adani baffles short-selling rivals in the US

Feb 1 (Reuters) – When Hindenburg Research revealed a short position in the Adani Group last week, some US investors said they were intrigued by the actual mechanics of trading it, because Indian securities rules make it difficult for foreigners to bet on companies there. The Hindenburg bet has been profitable so far. Its allegations, …

Hindenburg’s bet against Indian company Adani baffles short-selling rivals in the US Read More »

EXCLUSIVE: Bed Bath & Beyond is preparing to file for bankruptcy as soon as this week

Leave a Comment / Business / By Niko

NEW YORK, Jan. 30 (Reuters) – Bed Bath and Beyond Inc (BBBY.O) It is preparing to file for bankruptcy protection as soon as this week, and liquidators have lined up to close additional stores unless a buyer shows up at the last minute, four people familiar with the matter said Monday. Another person familiar with …

EXCLUSIVE: Bed Bath & Beyond is preparing to file for bankruptcy as soon as this week Read More »

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

Leave a Comment / Business / By Niko

MUMBAI (Reuters) – A$2.5 billion sale of shares in India’s Adani Enterprises (ADEL.NS) The company told Reuters on Saturday it was still on schedule with the scheduled issue price, while sources said bankers were considering changes due to the market slump in the group’s shares. Three people familiar with the matter told Reuters on Saturday …

Exclusive: India’s Adani says $2.5 billion share sale on track even as bankers contemplate changes Read More »

Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles

Leave a Comment / Business / By Niko

Jan. 25 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Wednesday that aggressive price cuts have ignited demand for its electric cars, alleviating concerns that the weak economy could stifle buyer interest. The company slightly beat Wall Street targets for fourth-quarter revenue and earnings earlier on Wednesday despite a sharp drop in …

Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles Read More »

Exclusive: Binance transferred $346 million to cryptocurrency exchange Bitzlato, according to data

Leave a Comment / Business / By Niko

LONDON (Reuters) – Blockchain data seen by Reuters shows that crypto giant Binance processed nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine.” The Justice Department said so on January 18th Bitzlato’s co-founder and majority shareholder was charged …

Exclusive: Binance transferred $346 million to cryptocurrency exchange Bitzlato, according to data Read More »