FIN

Adani’s market losses top $100 billion as shelved share sale spooks investors

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Market route deepens in Indian tycoon Adani’s shares Adani Enterprises loses $26 bln in value since report Falls after Adani pulled share sale, investors spooked Analysts say signals confidence crisis in the Indian market NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about …

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Honda to start producing new hydrogen fuel cell system co-developed with GM

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TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of around 2,000 units of …

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Analysis: Fed feeds Wall Street’s soft landing hopes, though recession fears still loom

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Feb 2 (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called soft economic landing that has fueled a powerful rebound in US stocks. For weeks, hopes that easing inflation and cooling growth will allow the Fed to pull back from …

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Hindenburg bet against India’s Adani puzzles rival US short sellers

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Feb 1 (Reuters) – When Hindenburg Research revealed a short position in Adani Group last week, some US investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners to bet against companies there. Hindenburg’s house has been lucrative so far. Its allegations, which the …

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Exclusive: Indian market regulator examining Adani share route, source says

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MUMBAI, Feb 1 (Reuters) – India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday. The Securities and Exchange Board of India’s (SEBI) examination comes on …

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Credit Agricole CIB hails quantum computing experiment results

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Credit Agricole CIB has declared two quantum computing experiments – one investigating the valuation of financial products, the other the assessment of credit risks – a success. The bank teamed up with French quantum computer manufacturer Pasqal and Spanish quantum algorithm specialist Multiverse Computing 18 months ago on the experiments. The first assessed the performance …

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Adani abandons $2.5 billion share sale in big blow to Indian tycoon

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NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller’s criticism wiped billions more off the value of the Indian tycoon’s stocks. The withdrawal of the Adani Enterprises (ADEL.NS) share offering marks a stunning …

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Oil prices stable as OPEC+ sticks to policy ahead of Fed meeting

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LONDON, Feb 1 (Reuters) – Oil prices remained relatively stable after OPEC and its allies stuck to their output policy while the market awaits a US interest rate decision and data on US crude and fuel stockpiles later on Wednesday. Brent crude futures were down 14 cents, or 0.1%, at $85.33 a barrel by 1419 …

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PayPal’s rocky road ahead warrants more cost cuts, Wall Street says

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Feb 1 (Reuters) – PayPal Holdings Inc (PYPL.O) will need to cut more costs with its payment volumes expected to shrink as customers batten down the hatches to prepare for a potential economic downturn, said Wall Street analysts, warning of a tough year ahead. The San Jose, California-based digital payments company said on Tuesday it …

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AR and VR could revolutionize the customer experience in the fintech sector

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One of the things I love about my research is talking to organizations about how technology will change the way they do things in the future, and then working with my team to create technology to prove concepts. We think about the direction technology is going in, and what that means for organizations right now. …

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