SINGAPORE (Reuters) – The Adani Group has called off a $2.5 billion share sale as losses of the group’s largest company climbed to more than $100 billion in the wake of the US short seller’s report. This defeat raised fears that the fallout could also affect confidence in India more broadly. Here are the investment … Read more
DAVOS, Switzerland (Reuters) – The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants packed into the opening annual meeting of the World Economic Forum about the potential cost to their economies and businesses. Two-thirds of the leading private and public sector economists surveyed by the World Economic … Read more
SAO PAULO (Reuters) – Brazilian financial markets rose on Wednesday even as criticism grew of President Luiz Inacio Lula da Silva’s economic policies, with analysts and a leading newspaper slamming ministers after markets plunged in the leftist’s first two days in office. Brazil’s real currency and stock market rose after Lula’s chief of staff, Rui … Read more
BRASILIA (Reuters) – Brazilian markets delivered a harsh judgment on leftist President Luiz Inacio Lula da Silva’s first full day on Monday after he pledged to prioritize social issues and ordered an extension of a fuel tax exemption over budget breaches. Lula’s decision to extend the fuel tax exemption, which would deprive the treasury of … Read more
