FIN

Blackstone REIT blocks investor withdrawals in January

Feb 1 (Reuters) – Blackstone Inc (BX.N) said on Wednesday it had blocked withdrawals from its $69 billion real estate income trust (BREIT) in January, as the private equity firm faced a surge in redemption requests from investors looking for cash out. BREIT said it fulfilled redemption requests of about $1.3 billion in January, representing …

Blackstone REIT blocks investor withdrawals in January Read More »

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

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of around 2,000 units of …

Honda to start producing new hydrogen fuel cell system co-developed with GM Read More »

Airbus and Qatar Airways settle bitter A350 jet row

PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable and mutually agreeable settlement” ends with a $2 billion …

Airbus and Qatar Airways settle bitter A350 jet row Read More »

Hindenburg bet against India’s Adani puzzles rival US short sellers

Feb 1 (Reuters) – When Hindenburg Research revealed a short position in Adani Group last week, some US investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners to bet against companies there. Hindenburg’s house has been lucrative so far. Its allegations, which the …

Hindenburg bet against India’s Adani puzzles rival US short sellers Read More »

Dollar falls to nine-month low as Powell notes progress in disinflation

NEW YORK, Feb 1 (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of making progress in bringing down inflation pressures, even as the US central bank warned of further monetary policy tightening. Powell, speaking in a news …

Dollar falls to nine-month low as Powell notes progress in disinflation Read More »

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller’s criticism wiped billions more off the value of the Indian tycoon’s stocks. The withdrawal of the Adani Enterprises (ADEL.NS) share offering marks a stunning …

Adani abandons $2.5 billion share sale in big blow to Indian tycoon Read More »

Crypto lender Celsius propped up its token, benefiting insiders -US bankruptcy examiner

SINGAPORE/LONDON, Jan 31 (Reuters) – Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its own token while two of its founders made millions of dollars from token sales, a US court-ordered examiner report released on Tuesday. showed. Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing in …

Crypto lender Celsius propped up its token, benefiting insiders -US bankruptcy examiner Read More »

Gautam Adani no longer Asia’s richest person as stock route deepens to $74 billion

BENGALURU, Feb 1 (Reuters) – India’s Gautam Adani lost his title of Asia’s richest person on Wednesday as a rout in his conglomerate’s stocks deepened to $74 billion after a short-seller report. A report by Hindenburg Research last week alleged improper use of offshore tax havens while flagging concerns about high debt and the valuations …

Gautam Adani no longer Asia’s richest person as stock route deepens to $74 billion Read More »

Exxon smashes Western oil majors’ profits with $56 billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own …

Exxon smashes Western oil majors’ profits with $56 billion in 2022 Read More »