Adani’s market losses top $100 bln as shelved share sale spooks investors
India’s Adani group shares sank on Thursday after it abandoned its flagship company’s $2.5 billion stock offering, swelling the conglomerate’s market losses to more than $100 billion and sparking worries about the potential systemic impact.
Oil falls again as worries grow over global economy, China COVID cases
Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID cases.
Analysis: U.S. ban on Nvidia, AMD chips seen boosting Chinese rivals
The U.S. ban on exports to China of Nvidia and AMD’s flagship artificial intelligence chips will create new business opportunities for domestic startups jockeying for a piece of China’s fast-growing data center chip market, industry executives and analysts told Reuters.
Cairn Energy sues Air India to enforce $1.2 bln arbitration award – court filing
Cairn Energy (CNE.L) has sued India’s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters. The move ratchets up pressure on India’s government to pay the sum of $1.2 billion plus interest and costs that the British firm […]
Israel picks Amazon’s AWS, Google for flagship cloud project
Israel’s government chose Amazon Web Services (AWS) (AMZN.O) and Google for a more than $1 billion project to provide cloud services for the country’s public sector and military. Amazon and Google beat out Microsoft (MSFT.O), Oracle (ORCL.N) and IBM (IBM.N) in the tender for the four phase project known as “Nimbus”, the Finance Ministry said on Wednesday. They will establish local cloud […]
