US-based investment research firm Hindenburg Research, known for its explosive short-selling reports, is shutting down. The announcement was made by its founder, Nate Anderson, on Wednesday, marking the end of a company that shook financial empires and wiped billions off market valuations.“As I’ve shared with family, friends, and our team since late last year, I…
By Krishna N. Das DHAKA (Reuters) – Bangladesh wants to sharply lower prices under a power purchase deal with India’s embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told Reuters on Sunday. Adani Group founder Gautam Adani is…
NEW DELHI (Reuters) -Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as “baseless”, while Indian government officials haven’t commented so far….
By Ankur Banerjee SINGAPORE (Reuters) -Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about U.S. President-elect Donald Trump’s policies. Prevailing geopolitical concerns following the escalating conflict in Ukraine earlier this week have also weighed…