FTX founder Bankman-Fried objects to tougher bail, says prosecutors have him ‘sandbagged’

NEW YORK, Jan. 28 (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to bar the indicted FTX cryptocurrency manager from communicating with former colleagues as part of his bail, saying that prosecutors have “sandbagged” the trial to show their client in the “worst possible light.” The lawyers were responding to … Read more

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

Exclusive: Top US Treasury official warns UAE and Turkey about sanctions evasion

WASHINGTON, Jan. 28 (Reuters) – The US Treasury’s top sanctions official will travel to Turkey and the Middle East next week to warn countries and companies that they could lose access to the US market if they do business with entities which are subject to US restrictions such as Washington. cracks down on Russian attempts … 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

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

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

25 Jan. (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, allaying concerns that a weak economy would curb buyer interest. The company slightly surpassed Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp drop in auto profit … Read more

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more