ASIA

India’s Adani tumbled with  billion of shares, overshadowing a record sell-off in shares

India’s Adani tumbled with $48 billion of shares, overshadowing a record sell-off in shares

MUMBAI, Jan 27 (Reuters) – Shares in India’s Adani Enterprises ( ADEL.NS ) sank 20 percent on Friday as a scathing report from a U.S. short seller sparked a rout in the conglomerate’s listed firms, casting doubt on how investors will react to the company’s record $2.45 billion secondary offering. Seven listed companies from the …

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Immigrant farmworker charged with 7 murders in Northern California shooting

REDWOOD CITY, Calif., Jan 25 (Reuters) – An immigrant farm worker accused of shooting dead seven people near San Francisco, some of them co-workers, made his first court appearance on Wednesday after being charged with murder in California second deadly gun rampage in recent days. Chunli Zhao, 66, the only suspect in Monday’s massacre at …

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Hindenburg cuts India’s Adani, citing debt, accounting concerns; stock drop

The US-based short seller says it is concerned about Adani’s debt, finances Adani Group denies the allegations and calls them baseless In the past, Adani Group has dismissed concerns about high debt Shares of Adani group companies fell after the report BENGALURU, Jan 25 (Reuters) – Hindenburg Research said it was shorting India’s Adani Group, …

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Dollar struggles, stocks rise as business activity data sets sentiment

LONDON, Jan 24 (Reuters) – The euro held on to a nine-month high against the dollar and global shares rose to multi-month highs on Tuesday after solid data on business activity in Europe and a slew of corporate earnings kept risk appetite high. Eurozone business activity made a surprise return to growth in January, the …

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Lunar New Year travel: China says 80% of population has had Covid, recovery unlikely

Eight out of 10 people in China are already infected with Covid-19, a prominent government scientist has claimed. Wu Zunyou, the chief epidemiologist of China’s Centers for Disease Control and Prevention, said on Saturday – on the eve of the Lunar New Year – that the current “epidemic wave has already infected about 80% of …

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For Chinese Lunar New Year tourists, retailers put on rabbit dances, red lanterns

BANGKOK/HONG KONG, Jan 20 (Reuters) – As Chinese shoppers return to tourist hotspots for the Lunar New Year holidays, malls from Macau to Bangkok are looking to lure them into stores with red lanterns, special dances to mark the Year of the the rabbit – and discounts. The total number of international flights from China …

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Chinese video game makers come out of the cold as crackdown eases

HONG KONG, Jan 20 (Reuters) – The end of a sweeping crackdown on China’s video game market is expected to revive the battered industry this year, but remaining restrictions on some content and economic difficulties will limit the extent of the recovery. Beijing’s tough restrictions in 2021 have decimated the once-thriving industry, slicing more than …

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Exclusive: Indian regulator probes investment between Nippon Mutual Fund and Yes Bank, sources say

MUMBAI, Jan 19 (Reuters) – An Indian regulator is investigating investments between Nippon India Mutual Fund, the country’s largest foreign fund, and Yes Bank between 2016 and 2019 for alleged misuse of investors’ money, sources said. At that time, the parent company of the mutual fund was owned by the Anil Dhirubhai Ambani Group. Yes …

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Millions of Chinese workers are on the move ahead of Friday’s travel rush

Half a million people now cross China’s borders every day China is open to the world – says the state leader at the World Economic Forum Lunar New Year travel is welcome, consumption is key to the economy Some are grieving relatives lost to COVID Medical workers rush to vaccinate the elderly BEIJING, Jan 18 …

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China’s population is shrinking for the first time since 1961, underscoring the demographic crisis

BEIJING/HONG KONG, Jan 17 (Reuters) – China’s population shrank last year for the first time in six decades, a historic reversal that is expected to mark the start of a long period of population decline with deep implications for the economy and the world. The decline, the worst since 1961, the last year of China’s …

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