By Chris Thomas, Sriram Mani and Aditya Kalra MUMBAI (Reuters) -Shares of India’s Adani Enterprises plunged on Friday after a scathing report by a U.S. short seller triggered a selloff in the co[...]
Read more
January 27, 2023
Twitter asks judge to toss out proposed sex bias class action
By Daniel Wiessner (Reuters) – Twitter Inc has asked a federal judge to toss out a proposed class action claiming the company targeted female employees during its recent mass layoffs, saying the[...]
Read more
Intel says it will take back share from AMD, but some are skeptical
By Jane Lanhee Lee and Chavi Mehta OAKLAND, Calif/BANGALORE (Reuters) -Microprocessor giant Intel Corp says it will regain its footing against AMD and other chip rivals which are gobbling up market sh[...]
Read more
ECB rejects banking sector call for lower capital to boost lending
By Huw Jones LONDON (Reuters) – The European Central Bank (ECB) on Friday rejected calls from Europe’s banks to ease capital rules to boost lending and put them on an equal footing with U.[...]
Read more
India’s top banks say Adani exposure within RBI limits but remain watchful
By Nupur Anand and Siddhi Nayak MUMBAI (Reuters) – Some of India’s leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the cent[...]
Read more
Yellen says South Africa needs action to maintain energy transition momentum
By Andrea Shalal JOHANNESBURG (Reuters) -South Africa needs concrete action soon if it is to maintain momentum on an energy transition program backed by the United States and other countries, U.S. Tre[...]
Read more
H&M highlights fast-fashion gloom as luxury takes hit in China
LONDON (Reuters) – H&M said on Friday soaring costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo reve[...]
Read more
Japan, Netherlands to join U.S. in restricting chip equipment exports to China-Bloomberg
TOKYO (Reuters) -Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between th[...]
Read more
Fashion retailer H&M’s profits tumble as costs bite
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Fashion retailer H&M’s profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company hel[...]
Read more