Adani’s battle with Hindenburg leaves investors sizing up exposure to the global banking sector
While Gautam Adani received a vote of confidence from investors in its latest $2.5 public offering Tuesday, Wall Street is still sizing up his exposure to the global financial sector.
Here’s how much you would lose by missing just a few of the best market days each year
Investors moving to the sidelines and stowing away their cash could be making a costly mistake, according to BlackRock.
Huge crowds march across France, raising pressure against Macron’s pension reform
Striking workers disrupted French refinery deliveries, public transport and schools in nationwide protests over President Emmanuel Macron’s pension plan.
UK pulls plug on top tech incubator after setting out to become ‘world’s next Silicon Valley’
The U.K. government diverted grant funding for the program to the startup incubation arm of Barclays Bank.
IMF downgrades UK growth forecast, predicting only economic decline among G-7 countries
The group expects the U.K. economy to contract by 0.6% this year where it previously forecast slight growth.
Exxon smashes Western oil majors’ earnings record with $56 billion profit for 2022
Exxon Mobil posted a $56 billion profit for 2022, setting not only a company record but a historic high for the Western oil industry.
Pfizer expects 2023 sales to decline as much as 33% compared with record-breaking 2022
The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
Adani rides out storm as investors rally behind $2.5 billion share sale
Gautam Adani’s $2.5 billion share sale was fully subscribed on Tuesday, despite recent criticism from a short-seller’s report.
Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
Euro zone narrowly avoided a contraction as energy prices provide some relief.
Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year
Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion kroner ($164 billion) in 2022.
