Page 459 - Bloomberg

Turkish anger turns to Erdogan on inadequate quake response, weak buildings

The criticism comes as Erdogan prepares for national elections in May, where he is seeking to extend his record two-decade rule - one marked by a surge in building hailed by the president

Hindenburg's accusations against Adani Group put money-laundering in focus

A more than $100 billion rout in the share prices of the highly leveraged infrastructure owner has the potential to spark a broader contagion, especially if the local banking system gets infected

As China battles crises, HSBC bets big on India's $400 bn pile of wealth

It also plans to launch an onshore private banking service in the South Asian country this year

Stocks of Adani Group remain in MSCI indices after quarterly review

It is still unclear whether the index provider has adjusted weightings of any of the group's stocks in its equity gauges in its latest review

Trafigura faces $577 million loss after uncovering nickel fraud in India

The missing nickel is a blow for the company that has grown rapidly in the past decade to become one of the world's largest trading houses

Cobalt's battery-powered boom in 2022 on EV demand surge busts

Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from the industry has fallen about 30% to 40% over the past year

Reserve Bank widening bond lending may shield bears from short squeezes

Some entities like insurance companies are not permitted to borrow money but have a large stock of securities and the move will enable them to lend bonds

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year

AEL adds another 20%, 7 Adani stocks up as group boosts investor confidence

M-cap back above Rs 10-trillion mark; Adani Transmission, Adani Wilmar, Adani Power and NDTV hit upper limit of 5%

Turmoil in Adani's empire prompts Nomura, SMFG to disclose fund exposures

Nomura Holdings Inc.'s asset management arm released details on Tuesday about 30 of its publicly offered investment trusts that hold either stocks or bonds of Adani companies.

EBay to cut 4% of its workforce amid low consumer demand worldwide

The reductions are in response to the "macroeconomic situation around the world," Chief Executive Officer Jamie Iannone said Tuesday in a statement

Distressed funds including Oaktree Capital scoop up Adani Group bonds

Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose

Adani Ports considering to repay $605 mn of loans to calm investors

India's largest private sector ports operator, which reported an earnings miss in the latest quarterly earnings, also said it would roughly halve its capital expenditure next financial year

Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

PM Narendra Modi should focus on people, not only on big projects

What must be even more confounding is how Indian leaders appear able to get away with budget math other politicians cannot, whether economically or politically

Battered by plunging PC sales, Dell to cut nearly 6,650 jobs globally

The company is experiencing market conditions that "continue to erode with an uncertain future," Co-Chief Operating Officer Jeff Clarke wrote in a memo

Will ChatGPT replace you? Sales guys think so, economists don't

Finance sector employees also don't see their jobs being at risk: MLIV Pulse survey

Govt planning to oppose Hindustan Zinc's proposal to buy Vedanta assets

The plan was pushed through even after government officials refused to approve it, they said, adding the government is trying to nudge Hindustan Zinc to withdraw the proposal

Adani Enterprises' stock price has 40% more downside: NYU professor

The so-called price-to-earnings ratio for the stock has surged from 15 times earnings in the five years to 2021 to 214 times in the last two years, the professor wrote

US moves to recover Chinese balloon as pressure mounts on President Biden

The balloon, said to be the size of at least two school buses, and its sensors are lying in 50 feet (15 meters) of water and scattered over a seven-mile (11-kilometer) area off Myrtle Beach