Gautam Adani published a 413-page rebuttal of allegations of fraud by short seller Hindenburg Research, seeking to calm potential investors before the Indian billionaire’s flagship completes a $2.5 billion shale sale.
Ukraine’s president urged allies to provide long-range missiles and its defense minister made a plea for aircraft. That’s even as German Chancellor Olaf Scholz warned against a Western arms race in Ukraine — and said he would continue talks with Russian President Vladimir Putin in a bid to end the conflict, which is approaching the one-year mark. “I can only advise against entering a bidding war over weapons systems,” Scholz said in a newspaper interview.
Investor Bill Ackman doubled down on his criticism of Adani Group, saying that there’s just too much liability exposure for the banks involved in the Indian company’s equity sale.
The start of 2023 was meant to be India’s. The nation’s fast-growing economy and rapidly expanding equity markets had convinced money managers from Morgan Stanley Investment Management to State Street Global Advisors to call it a top investment destination.
Mining company Rio Tinto has lost a “highly radioactive” capsule somewhere along a 1,400 kilometer (870 mile) highway through the Western Australian desert.
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