Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Adani issued a 413-page rebuttal to the Hindenburg Report The brief promoting report within the US triggered a drop in Adani shares Al-Adani says he adheres to the legal guidelines, and the required disclosures Adani CFO is assured of the success of the $2.5 billion share sale NEW DELHI (Reuters) – India’s Adani Group on … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Company (MSFT.O) On Wednesday, it stated it will lower 10,000 jobs and cost $1.2 billion in charges, as cloud computing clients reassess their spending and the corporate prepares for a possible recession. The layoffs, a lot bigger than the cuts Microsoft made final 12 months, are piling as … Read more

Job cuts at Goldman impacted investment banking and global markets

Mass repetition, spending overview seduces the Wall Avenue large Reductions in all main divisions anticipated globally Restructuring within the Asian wealth unit begins layoffs on Wednesday New York / London / Hong Kong (Reuters) – Goldman Sachs (GS.N) The layoffs on Wednesday started in an all-out cost-cutting marketing campaign, with a few third of these … Read more

Tesla is cutting prices in China, and other Asian markets as sales falter

SHANGHAI, Jan. 6 (Reuters) – Tesla (TSLA.O) China reduce costs for the second time in lower than three months on Friday, elevating expectations of a broader value conflict amid weak demand on this planet’s largest auto market. The US automaker additionally slashed costs of its best-selling Mannequin Y and Mannequin 3 electrical vehicles in Japan, … Read more