ASIA

Honda will start producing a new hydrogen fuel cell system co-developed with GM

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TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of …

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Adani drops $2.5bn share sale in blow to Indian tycoon

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NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks …

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Adani loses Asia’s richest crown as stock rout worsens to $84bn

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BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person Wednesday’s stock losses saw Adani slip to 15th on …

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US stops granting export licenses to Chinese Huawei – sources

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Jan 30 (Reuters) – The Biden administration has stopped approving licenses allowing U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions on items for 5G and other technologies for several years, but U.S. Commerce Department officials have granted licenses to some …

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Crucial sale of Adani shares 85% subscribed as institutions inject funds

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MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) …

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Adani Group slams ‘Hindenburg’s attack on India’ as stock rout hits $70bn

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New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-electricity conglomerate. Hindenburg Research published its report on the affairs of billionaire Gautam Adani last week, accusing the group or “brazen stock manipulation and accounting fraud …

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Sale of Adani shares for $2.5 billion faces crucial day after rout

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NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a critical day on Monday with his flagship company’s second day of $2.5 billion auction, eclipsed by a $48 billion rout in shares of the Indian billionaire which was triggered by a report from an American short seller. Seven listed companies belonging to the Adani conglomerate, …

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Adani hits back at Hindenburg, says he made all the revelations

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Adani publishes 413-page rebuttal to Hindenburg report US short seller’s report sparked drop in Adani shares Adani says he follows laws and necessary disclosures CFO Adani confident $2.5 billion share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed response on Sunday to a Hindenburg Research report that sparked …

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China smartphone shipments in 2022 lowest in 10 years, research firm says

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SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the industry’s steepest fall in a decade, as consumers spend cautiously, the research firm of China said on Sunday. IDC market. The total number of devices shipped was 286 million, up from 329 million in 2022. That means 2022’s total sales volume …

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