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

MUMBAI, Jan. 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) remains on track at its planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes as a result of a market failure in the group’s shares. Bankers on the deal were considering extending the … Read more

British regional airline Flybe ceases trading, cancels all flights

Collapse for the second time in three years 276 employees laid off by administrators About 75,000 customers had future bookings Hurt by delayed aircraft delivery Rivals see increasing demand LONDON, Jan. 28 (Reuters) – British regional airline Flybe on Saturday suspended operations for the second time in three years, canceling all flights and laying off … Read more

Pro-Western retired general Pavel wins Czech presidential election

Pavel wins in an overwhelming vote over ex-prime minister Babis Pavel gives clear support to Ukraine, West Promises to end the divisions of Babis, the incumbent Zeman Turnout in the presidential election was record high PRAGUE, January 28 (Reuters) – Former army chief and senior NATO official Petr Pavel won presidential elections in the Czech … Read more

Wall Street ends higher, posts weekly gains as Fed meeting looms

PCE: Inflation Cools With Consumer Spending American Express, Visa move higher on strong demand Chevron falls after missing earnings estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan. 27 (Reuters) – Wall Street moved ahead on Friday, marking the end of a rocky week in which economic data and corporate earnings expectations … Read more

War in Ukraine: Fighting in the East and North escalates after tank pledges

Ukraine says it needs more weapons, calls for sanctions Western allies this week agreed to supply tanks Russia says US president holds key to ending fighting NEAR VUHLEDAR, Ukraine, Jan. 27 (Reuters) – Ukraine on Friday battled Russian forces attempting to breach its lines in the east and northeast, and artillery bombardments increased after Western … Read more

EV maker Lucid rises on report Saudi PIF to buy remaining stake

27 Jan. (Reuters) – Shares of Lucid Group (LCID.O) rose 43% on Friday, a drop in earnings after doubling market speculation that the Saudi Arabian Public Investment Fund (PIF) was looking to buy out the electric vehicle maker. The speculation stemmed from an “uncooked” warning attributed to deals website Betaville, which used the term for … Read more

India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more

US CDC is still looking at the potential risk of stroke from Pfizer’s COVID bivalent injection

26 Jan. (Reuters) – New data from a US Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older adults taking an updated Pfizer (PFE.N)/BioNTech (22UAy.DE) COVID-19 received a booster shot, but the signal is weaker than what the agency flagged earlier in January, health officials said Thursday. … Read more

BuzzFeed soars on posts about Meta deal, plans to use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) rose on Thursday following reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to improve the digital media company’s online quizzes and content personalize and improve . The stock was up 19% in extended trading after more than doubling in … Read more

Explainer: Who is behind Hindenburg, the company that shorts Adani?

NEW YORK, Jan. 25 (Reuters) – Short-seller Hindenburg Research announced short positions in India’s Adani Group on Wednesday, citing possible stock manipulation and accounting fraud in a report. The allegations caused bonds and stocks in the conglomerate’s companies to collapse. Hindenburg has a track record of tracking down corporate wrongdoing and placing bets against the … Read more