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

India’s Adani Begins Record Share Selling as Short Seller Causes  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

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

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 beat Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp decline in vehicle profit … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers debt service relief in 2022, 2023 Sri Lankan sources are unclear whether a Chinese letter will be enough for the IMF Broad agreement between IMF and China on Zambia could provide clues NEW DELHI/COLOMBO, Jan. 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt, … Read more

Wall Street falters after mixed gains, trading halt malfunction

Wall Street falters after mixed gains, trading halt malfunction

SEC investigates NYSE opening bell error 3M slides on dismal Q1 forecast J&J falls on sales alert; GE down on weak earnings outlook Microsoft will release quarterly figures after the stock market close Indices: Dow up 0.18%, S&P 500 down 0.13%, Nasdaq down 0.25% NEW YORK, Jan. 24 (Reuters) – Wall Street was mixed on … Read more

Exclusive: Binance Moved $346M For Seized Crypto Exchange Bitzlato, Data Show

Exclusive: Binance Moved 6M For Seized Crypto Exchange Bitzlato, Data Show

LONDON, Jan. 24 (Reuters) – Crypto giant Binance processed nearly $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering machine”, according to blockchain data seen by Reuters. The Justice Department said on Jan. 18 that it charged Bitzlato’s co-founder … Read more

New Zealand’s Ardern takes an emotional farewell as prime minister on the last day

New Zealand’s Ardern takes an emotional farewell as prime minister on the last day

WELLINGTON, Jan. 24 (Reuters) – Jacinda Ardern gave an emotional farewell to her last day as prime minister on Tuesday, speaking of the kindness and empathy New Zealanders have shown her but saying she was ready to be a sister and a mother to be. Days after stunning the world by announcing she was “no … Read more

Cryptoverse: Bitcoin investors are taking control

Cryptoverse: Bitcoin investors are taking control

24 January (Reuters) – Paranoid? The domino demise of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Holders large and small are indeed taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As … Read more

Lab-grown meats are moving closer to American dinner plates

Lab-grown meats are moving closer to American dinner plates

WASHINGTON, Jan. 23 (Reuters) – Once the stuff of science fiction, lab-grown meat could become a reality in some restaurants across the United States as early as this year. Executives at cultured meat companies are optimistic that meat grown in huge steel drums could be on the menu within months after a company gets the … Read more

Oil prices hit 7-week high on stronger outlook for China

Oil prices hit 7-week high on stronger outlook for China

Brent, US crude reached its highest level since early December G7 aims for two price caps for Russian oil products India’s crude oil imports hit a five-month high in December NEW YORK, Jan. 23 (Reuters) – Oil prices rose about 1% on Monday to a seven-week high, extending last week’s gains on brighter prospects thanks … Read more