Reuters
By Sethuraman N R and Bharath Rajeswaran (Reuters) – Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani’s flagship company Adani Enterprises…
By Krishna N. Das and Munsif Vengattil NEW DELHI (Reuters) – Indian billionaire Gautam Adani, indicted in New York over a $265 million bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad. Asia’s second-richest person, who narrowly…
By Jody Godoy (Reuters) -Alphabet’s Google (NASDAQ:) must sell its Chrome browser, share data and search results with rivals and take other measures – including possibly selling Android – to end its monopoly on online search, prosecutors argued to a judge on Wednesday. Such changes could result in Google being…
By Lisa Baertlein LOS ANGELES (Reuters) – Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe. Their order books, however,…
By Hyunjoo Jin, Cynthia Kim and Kane Wu SEOUL (Reuters) -A takeover battle over Korea is adding pressure on Seoul to pass legislative reforms to ensure better protections for all investors in a country with a stock market dominated by family-run conglomerates. Korea Zinc Chairman Yun B. Choi, a grandson…
By Renju Jose SYDNEY (Reuters) – Australia’s centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and proposed fines of up to A$49.5 million ($32 million) for social media platforms for systemic breaches. Australia plans to trial an age-verification system…
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein…
By Abhirup Roy SAN FRANCISCO (Reuters) – Hyundai Motor (OTC:) unveiled its first three-row electric SUV on Wednesday, pushing into a market for big family cars that global automakers hope will one day be a profit powerhouse. Hyundai’s IONIQ 9 will roll out in the United States and Korea early…
By Max A. Cherney, Arsheeya Bajwa (Reuters) -Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm. Shares of the Santa Clara, California-based company fell roughly 1% in extended trading.They had closed…
By Abigail Summerville (Reuters) -The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session’s rally as investors worried about escalating Russia-Ukraine tensions and weak results from Target (NYSE:), while awaiting earnings from megacap Nvidia (NASDAQ:) that landed after the bell. The Dow and ticked up late…
