Market watchers expect yields on T-bills to retreat but maintain above 3.5 per cent this year, while that of the Singapore Savings Bonds will range between 2.5 and 2.75 per cent.Continue Reading
NEW DELHI: Financial contagion fears spread in India on Friday (Feb 3) as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India’s parliament led toContinue Reading
MUMBAI: Shares in the flagship company of beleaguered Native indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) as a rout triggered by accusations of accounting scams deepened. Adani Enterprises fell ten per cent at the open up and plunged by as much as 25 per centContinue Reading
MUMBAI: Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) because the rout triggered by allegations of human resources fraud deepened. Adani Enterprises dropped 10 per cent on the open and stepped by as much as 25 percent at oneContinue Reading
KUALA LUMPUR: United States traditions authorities said that palm oil products made by Sime Darby Plantation had been no longer produced along with forced labour, inside a sign that a two-year import ban at the Malaysian firm will certainly soon be raised. Goods made by Sime Darby Plantation, the world’sContinue Reading
The business tycoon has seen billions easily wiped off his prosperity after an US expense firm’s scathing record.Continue Reading
Since the Jan 24 Hindenburg report which alleged improper use by the Adani Group of offshore tax havens and stock manipulation and also raised concerns about high debt, the market capitalisation of seven listed Adani Group companies has fallen by half or nearly US$100 billion. Its dollar bonds have tumbled. ToContinue Reading
Indian Prime Minister Narendra Modi can’t be happy about the Adani Group market meltdown stealing his thunder. Modi’s Bharatiya Janata Party (BJP) had planned to use this week’s annual budget to launch its argument to remain in power after next year’s national elections. Yet Modi’s plans to trim debt, support middle-class families and empower women […]Continue Reading
A recent issue of Bloomberg Businessweek said, “Despite the heated national-security rhetoric in Washington and talk of ‘decoupling’ in policy circles, the world’s top two economies remain firmly intertwined.” The article goes on to say that bilateral trade between the US and China for year ending 2022 is likely to be the highest ever recorded. […]Continue Reading
Ben Chu, Newsnight’s economic editor, takes a closer look at the country’s economic woes.Continue Reading