Citigroup’s Wealth Unit Halts Margin Loans on Adani Securities

Citigroup’s Wealth Unit Halts Margin Loans on Adani Securities

Signage inside Citigroup headquarters in New York, US, on Thursday, Aug. 4, 2022. Citigroup Inc. is planning a 500-person hiring spree over the next three years for a new wealth division catering to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra wealthy. … Read more

Adani hits back at Hindenburg, says it made all disclosures

Adani hits back at Hindenburg, says it made all disclosures

Adani issues 413-page rebuttal to Hindenburg report US short-seller’s report sparked falls in Adani shares Adani says it complies with laws, necessary disclosures Adani CFO 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 a … Read more

Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon

Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon

Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn around anytime soon. Intel’s INTC, +1.31% annual earnings fell more than 60% in 2022, and revenue for the … Read more

Record Adani Share Sale Seen Going Through Amid Hindenburg Claim

Record Adani Share Sale Seen Going Through Amid Hindenburg Claim

International Holding Co., an investment firm which itself is up by almost 28,000% over the past five years, is among those bidding to buy stock in the sale, according to people familiar with the matter. Roughly half the funds raised will go towards expanding Adani’s airport and renewable energy projects, while some 42 billion rupees … Read more

Prosus To Cut 30% Of Corporate Staff In Latest Tech Layoffs

Prosus To Cut 30% Of Corporate Staff In Latest Tech Layoffs

The firm, one of Europe’s largest e-commerce companies by asset value, will make cuts at its corporate centers, including hubs in Hong Kong, Amsterdam and South Africa, Chief Executive Officer Bob van Dijk said in an interview Wednesday. The job cuts are taking place over a 12 month period and about 15 locations will be … Read more

T-Mobile Says Hacker Stole Data for 37 Million Customers

T-Mobile Says Hacker Stole Data for 37 Million Customers

A T-Mobile branded shopping bag in front of a store in San Francisco, California, US, on Tuesday, March 16, 2021. T-Mobile US Inc. is kicking off a bond sale to help finance the purchase of new high-speed spectrum licenses as carriers roll out the next generation of mobile devices. .