ASIA

Gautam Adani no longer Asia’s richest person as stock rout worsens to $74 billion

BENGALURU, Feb 1 (Reuters) – India’s Gautam Adani lost his title as Asia’s richest person on Wednesday as his conglomerate’s stock rout deepened to $74 billion after a sell-off report at discovered. A Hindenburg Research report last week alleged misuse of offshore tax havens while flagging concerns over high debt and valuations at seven Adani-listed …

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US stops granting export licenses to Chinese Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses allowing U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions on items for 5G and other technologies for several years, but U.S. Commerce Department officials have granted licenses to some …

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Crucial sale of Adani shares 85% subscribed as institutions inject funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) …

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Adani Group slams ‘Hindenburg’s attack on India’ as stock rout hits $70bn

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-electricity conglomerate. Hindenburg Research published its report on the affairs of billionaire Gautam Adani last week, accusing the group or “brazen stock manipulation and accounting fraud …

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Sale of Adani shares for $2.5 billion faces crucial day after rout

NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a critical day on Monday with his flagship company’s second day of $2.5 billion auction, eclipsed by a $48 billion rout in shares of the Indian billionaire which was triggered by a report from an American short seller. Seven listed companies belonging to the Adani conglomerate, …

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Adani hits back at Hindenburg, says he made all the revelations

Adani publishes 413-page rebuttal to Hindenburg report US short seller’s report sparked drop in Adani shares Adani says he follows laws and necessary disclosures CFO Adani confident $2.5 billion share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed response on Sunday to a Hindenburg Research report that sparked …

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China smartphone shipments in 2022 lowest in 10 years, research firm says

SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the industry’s steepest fall in a decade, as consumers spend cautiously, the research firm of China said on Sunday. IDC market. The total number of devices shipped was 286 million, up from 329 million in 2022. That means 2022’s total sales volume …

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Rheinmetall plans to increase ammunition production and HIMARS production in Germany

DUESSELDORF, Jan 29 (Reuters) – German arms maker Rheinmetall is set to dramatically increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing launchers. multiple HIMARS rockets in Germany, CEO Armin Papperger said. Reuters. He spoke days before German defense industry bosses were due to …

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In Japan, pet fish playing Nintendo Switch run up bill on owner’s credit card

CNN — Here’s something you don’t see everyday. Pet fish playing a video game in Japan managed to log on to the Nintendo Switch store, change their owner’s avatar, set up a Pay Pal account and rack up a credit card bill. And it was all seemingly livestreamed, in real time, on the internet. The …

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