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  • MSCI Seeks Feedback On Adani Group Over Hindenburg Report

    MSCI Seeks Feedback On Adani Group Over Hindenburg Report0

    Index provider MSCI said on Saturday it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller Hindenburg Research. Seven listed companies of the Adani conglomerate – controlled by one of the world’s richest men Gautam Adani – have lost a combined $48 billion in market value

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  • Fashion Retailer H&M’s Profit Tumbles As Costs Bite

    Fashion Retailer H&M’s Profit Tumbles As Costs Bite0

    Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, was 821

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  • Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses

    Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses0

    Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest economy grew more than expected during the fourth quarter, dispelling some

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  • Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data

    Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data0

    Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria, Kuwait, Venezuela, Russia and Oman are set to meet virtually next

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