BISV08

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

NEW YORK, Jan 28 (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.” The lawyers were responding to a Friday …

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Exclusive: India’s Adani says $2.5 billion share sale on track even as bankers mull changes

MUMBAI, Jan 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes due to a market rout in the group’s shares. Bankers on the deal were considering extending the sale or …

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India’s Gautam Adani: Asia’s richest man in the eye of a storm

NEW DELHI, Jan 27 (Reuters) – India’s Gautam Adani, the school drop-out turned billionaire who rose to become Asia’s richest man, faces possibly the biggest challenge of his career after a US short seller cast doubts on his business practices, hammering shares in his companies and his reputation. Adani, whose home state is Gujarat in …

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EV maker Lucid surges on report Saudi PIF to buy remaining stake

Jan 27 (Reuters) – Lucid Group’s (LCID.O) shares surged 43% on Friday, paring gains after doubling on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted to buy out the electric vehicle maker. The speculation originated from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the …

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Exclusive: JPMorgan looking to finance Italy’s Serie A for up to 1 billion euros

Clubs informed of offer at soccer league’s meeting Thursday Serie A studying ways to boost revenues via media rights Funds including Apollo have also expressed interest Clubs to assess in coming weeks JPM’s, funds’ proposals MILAN, Jan 27 (Reuters) – JPMorgan Chase & Co (JPM.N) has written to Italy’s top soccer league to express a …

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India’s Adani begins record share sale as short seller triggers $44 billion rout

MUMBAI, Jan 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) sank 15% on Friday as a scathing report by a US short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies of the Adani conglomerate – …

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Bill Ackman says Hindenburg’s Adani report ‘highly credible’

Jan 27 (Reuters) – Billionaire US investor Bill Ackman said on Thursday that he found short-seller Hindenburg Research’s report on India’s Adani Group “highly credible and extremely well researched.” Shares in seven listed group companies of Adani lost $10.73 billion in market capitalization in India on Wednesday after the US short-seller released the report, which …

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Bill Ackman says Hindenburg’s report on Adani Group ‘highly credible’

Jan 26 (Reuters) – Billionaire investor William Ackman in a tweet on Thursday said that he found short-seller Hindenburg Research’s report on Adani Group “highly credible and extremely well researched.” Shares in seven listed group companies of Adani lost $10.73 billion in market capitalization in India on Wednesday after Hindenburg released the report, which accused …

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Morgan Stanley penalties employees as much as $1 million for WhatsApp breaches – source

NEW YORK, Jan 26 (Reuters) – Morgan Stanley (MS.N) has imposed financial penalties on employees who used messaging platforms such as WhatsApp for company business, according to two sources familiar with the situation. The penalties ranged from several thousand dollars for some staff to more than $1 million for others. The amounts were determined by …

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India’s Adani Group says evaluating action against Hindenburg Research

BENGALURU, Jan 26 (Reuters) – Adani Group said on Thursday it is evaluating “remedial and punitive action” under US and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens. Shares in seven listed group companies of Adani lost $10.73 billion in market capitalisation in …

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