PARIS, Feb. 1 (Reuters) – Airbus (AIR.PA) The two companies said on Wednesday that it and Qatar Airways had settled a dispute over the grounded A350s, to avoid a possible trial in the United Kingdom after a violent 18-month dispute that tore the lid off the global aircraft market. “Amicable and mutually acceptable settlement” ends …
Airbus and Qatar Airways settle a bitter row over the A350 Read More »
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 »
NEW DELHI (Reuters) – Gautam Adani’s parent company canceled the sale of its $2.5 billion shares in a dramatic reversal on Wednesday after criticism of short sellers in the United States wiped billions more from the value of the Indian tycoon’s shares. The withdrawal of Al-Adani Company (ADEL.NS) The share offer is a stunning setback …
Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman Read More »
BENGALURU (Reuters) – India’s Gautam Adani lost the title of Asia’s richest man on Wednesday, as his group’s shares plunged to $74 billion after a short-selling report. A report by Hindenburg Research last week alleged improper use of offshore tax havens while raising concerns about the high debt and valuations of seven Adani-listed companies. And …
HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corporation (XOM.N) The company said on Tuesday that its net profit for 2022 amounted to $56 billion, and it made about $6.3 million per hour last year, setting not only a record for the company, but also a historic high for the western oil industry. Major oil companies …
Exxon will crush the profits of major western oil companies by $ 56 billion in 2022 Read More »
WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) It revealed on Tuesday that it had received requests from the US Department of Justice for documents related to its fully autonomous driver-assistance and autopilot systems as regulatory scrutiny intensified. Reuters reported in October Tesla is under criminal investigation On claims that the company’s electric cars can …
The loss in 2022 surpassed the previous record from 2008 Inflation and geopolitical tensions remain risk factors Record flow of funds from the oil and gas industry OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, ending a three-year streak …
The Norwegian Wealth Fund records record losses of $164 billion Read More »
MUMBAI (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion sale came close to being fully subscribed on Tuesday as investors poured cash after a turbulent week for his group, in which its shares plunged due to a scathing short-selling report. Sell secondary stock to Adani Enterprises (ADEL.NS) It was 85% subscribed on Tuesday, including the …
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 »
Jan 30 (Reuters) – A US appeals court overturned the Johnson & Johnson trial (JNJ.N) Attempting to offload tens of thousands of lawsuits related to its talc products into bankruptcy, it ruled that the healthcare group had improperly placed a subsidiary in Chapter 11 proceedings even though it did not face financial hardship. The decision …
A US court dismissed J&J’s bankruptcy strategy for tens of thousands of talc lawsuits Read More »
To become CEO July 1 The activist contributor says she met Schumacher when he was at Heinz First outside CEO since Paul Pullman was appointed in 2008 Unilever shares are outperforming the FTSE 100 LONDON (Reuters) – Unilever appointed Hein Schumacher on Monday to replace Alan Job as chief executive from July, a move welcomed …
Unilever has appointed former Heinz exec Schumacher as chief executive officer Read More »
Q4 GDP at -0.2% qoq vs 0.0% forecast The decrease is mainly due to lower private consumption Economists think a mild recession is likely Data on Monday showed that the German economy contracted unexpectedly in the fourth quarter, in a sign that Europe’s largest economy may be entering a highly anticipated recession, although it is …
