Gautam Adani’s business empire has had more than $145bn wiped from its value in the month since a US short seller alleged fraud, laying bare the battle the Indian tycoon still faces in regaining the confidence of investors. The sell-off triggered by Hindenburg Research, which accused Adani of stock manipulation and accounting fraud, has erased
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A home along a canal comes with certain advantages, particularly when that waterfront is in an upscale community such as Vero Beach, Florida. From a privacy standpoint there are no neighbors sharing a backyard border. Instead, a tranquil waterway acts as a natural buffer. From an investment angle, homes on the water are always in
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The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill
For more than a decade following the financial crisis, UK banks endured a painful wait for interest rates to rise, counting down the days until they could finally start to make money from their customers’ deposits. Surging inflation granted their wish. Since late 2021, and as the Bank of England pushed up the base rate
Activist investor Jeff Ubben is joining an independent, external group of experts that advises Bayer’s management on sustainability, as the German industrial group tries to embrace its high-profile shareholder. But the gesture may fail to satisfy Ubben, who wants the group to use sustainability to drive returns, as the position is informal and far less
For years, Austria’s Raiffeisen Bank vaunted its staying power in Russia as western rivals came and went. “Russia,” Raiffeisen’s former chief executive Herbert Stepic liked to say, “separates the wheat from the chaff”. Now, the situation is reversed. One year into Russia’s bloody invasion of Ukraine, as western companies flee the country, fearful of the
Several of the world’s biggest pharmaceutical companies are fighting shareholder proposals to force them to disclose information on their use of a controversial patent strategy that can delay rivals from launching cheaper versions of blockbuster drugs. A coalition of ethical investors have asked Johnson & Johnson, Merck, Pfizer, Eli Lilly, Gilead, Amgen, Regeneron, Bristol Myers
As Shanghai re-emerges from a Covid-19 outbreak and three years of restrictions that hampered travel and trade, the financial hub is doing so without much evidence of what made it China’s most cosmopolitan city: foreign visitors. Before the pandemic, its iconic Bund was usually thronged with foreign travellers and business delegations. But on a recent
Victory in the Carabao Cup final on Sunday would end a five-season wait for a trophy at Manchester United. During that period, the clubs fans have had to watch Manchester City win England’s domestic league four times. Two years ago, their crosstown rival surpassed United off the field as well, as its annual revenues exceeded
The record-breaking global bond market rally since the start of this year has fizzled out as mounting signs of persistent inflation force investors to reverse their views on the likely future path of interest rate rises. Investors rushed into fixed income in the first few weeks of 2023 as they became increasingly expectant that the
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In the show’s inaugural episode airing today, Pechman discusses
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using
Grayscale Investments’ CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them, in a recent podcast interview. In an interview with What Bitcoin Did, a popular podcast hosted by Peter McCormack, on Feb. 25, Sonnenshein
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation of a coordinated and comprehensive policy approach to crypto assets,” said India’s
The next few months put Japan in line for a series of anniversaries it would probably prefer to forget. But these are dates which the leadership in China may be wise to mark: the detonation of timebombs with counters set ticking by a property bubble. For these are, some would argue, distinctly echoey times. New
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard-setting body said many countries have failed to implement its previous requirements on crypto, including the “travel rule.” Countries Agree to Implement FATF Crypto Standards
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or is too slow to implement. IMF’s Chief Calls for More Crypto Regulation IMF Managing Director Kristalina Georgieva talked about crypto regulation Saturday on the sidelines of
The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as “cluster instability” and indicated that a coordinated restart was launched to accelerate block finalization. Solana Blockchain Deals With ‘Large Forking Event’
Top Stories This Week Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud
United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25. Speaking to Reuters, Yellen said that it was “critical to put in place a strong regulatory framework.” She also noted that the United States is not suggesting an “outright banning of