BUSINESS
Adani Group continues investor roadshow in Hong Kong
The two-day roadshow in Hong Kong follows a series of investor meetings on Monday in Singapore, where executives said the Indian conglomerate has enough money to repay debt due over the next three years in addition to an $800 million credit facility.
BUSINESS
JPMorgan investment arm wipes out Adani stocks from ESG portfolio
For now, the 10 companies that make up the Adani conglomerate are continuing to bleed money, having lost roughly $150 billion in combined market capital since the Hindenburg findings were released
WORLD
Rishi Sunak aims to unveil Northern Ireland Brexit deal
The meeting between the British PM and European Commission president in Berkshire suggests the UK and the European Union are finally ready to settle their differences.
BUSINESS
Xiaomi teases wireless augmented reality glasses
The concept device from the Chinese phone maker is designed to let users gesture via its embedded camera to select and open apps, swipe through pages and exit apps to return to the start page, without using a smartphone.
WORLD
Sound of money: Rare violin valued at $10 million in auction
Valued in excess of $10 million, the violin, made around 1731, is set to attract a combination of institutions, private individuals and consortiums of investors. “Banks and foundations are the newest participants in our market,” Tome says.
WORLD
The African safari is changing for the better. Here’s how
Travelers, at the same time, have redefined their safari priorities to seek privacy in accommodations, flexible schedules, exclusive wildlife experiences and more cultural context.
WORLD
China lithium probe shuts down about a tenth of global supply
Some lithium operations in Yichun, Jiangxi province, have been halted after Beijing officials arrived over the past week to investigate alleged violations at lithium mines, Yicai newspaper reported Sunday, citing unnamed local government staff.
BUSINESS
Missing banker Bao Fan cooperating in China probe, his firm says
In a short stock exchange statement on Sunday, the firm suggested it hadn’t been in touch with Bao and didn’t know where he was.
BUSINESS
Adani’s world tour seeks to win back debt investors’ faith
About a dozen global banks will help host the investor meetings at Singapore’s Capitol Kempinski hotel Monday.
WORLD
Covid-19 pandemic most likely came from lab leak: WSJ
A classified intelligence report provided to the White House and key members of Congress said the virus likely spread due to a mishap at a Chinese laboratory, the WSJ reported on Sunday.
BUSINESS
What you can learn from Warren Buffett’s mistakes
The correlation between “mistake” frequency in the shareholder letter and Berkshire’s subsequent one-year performance relative to the S&P 500 is effectively zero. Buffett has always been disdainful of short-term performance metrics, though, so I also looked into the link between mistake mentions and average outperformance over the subsequent five years.
BUSINESS
Berkshire Rail, Insurance units see earnings hit on weak demand
The conglomerate posted $6.7 billion in operating earnings in the fourth quarter, a 14% decline from a year earlier, it said
WORLD
Germany, India to boost cooperation in renewables, defence
The two sides also agreed to step up cooperation on green hydrogen “to achieve a socially just, economically sustainable secure and affordable energy supply,” according to a joint statement after the meeting.
WORLD
Scholz heads to India to deepen ties on green energy, defense
Scholz also plans to discuss Russia’s war on Ukraine with Prime Minister Narendra Modi at a time when Europe and its allies are struggling to maintain economic pressure on the Kremlin and isolate President Vladimir Putin.
BUSINESS
Jack Ma-Backed Ant Group plans to pare stake in Paytm
The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks, the people said, requesting not to be identified because the matter is private.
INDIA
Rising heat in India raises alarm on another energy crunch
Temperatures have been as much as 11C above normal in some regions in the past week and prompted the India Meteorological Department to advise farmers to check wheat and other crops for signs of heat stress.
BUSINESS
Bharti Enterprises' Sunil Mittal seeks a stake in Paytm: Report
Mittal seeks to fold Airtel Payments Bank into Paytm Payments Bank in a stocks deal and is also seeking to buy Paytm shares from other holders, sources told Bloomberg.
WORLD
What a Possible PBOC Leadership Shake-Up May Mean for Policy
Governor Yi Gang is widely expected to step down, potentially paving the way for veteran banker Zhu Hexin to take his place, according to a person familiar with the matter.
WORLD
London’s bakery scene is exploding. Here are 13 of the best shops to try now
Here are 13 of the best shops to try now
WORLD
Janet Yellen sees soft landing as ‘possible’ outcome for US economy
Yellen comments, delivered Friday to reporters at a briefing on the sidelines of the Group of 20 meeting of finance ministers and central bank governors in Bengaluru, India, echo her more positive tone on the global economic outlook outlined a day earlier.
WORLD
Sun, Sand and no inheritance tax fuel property boom in Mauritius
Now, a new player is upping the ante for leisure-seekers. Kerzner International, developer of the Atlantis The Royal – the ultra-luxury Dubai hotel that recently hosted Beyonce in a $100,000-a-night suite – is investing about $100 million in 52 ultra-exclusive villas on Mauritius’s eastern coast.
WORLD
China prepares to police AI as ChatGPT frenzy spreads
The government will push for the safe and controllable application of AI services, which it considers a strategic industry, officials from the Ministry of Science and Technology told reporters on Friday.
BUSINESS
Adani Group to hold Asia fixed-income roadshow next week
The Indian conglomerate will hold the roadshow on Feb. 27 in Singapore, and Feb. 28 to March 1 in Hong Kong, according to a person, who asked not to be identified discussing a private matter.
BUSINESS
PineBridge looks past Adani saga to load up on stocks in India
The stock meltdown offered an entry point into what’s historically an expensive market, according to Kelly, who also sits on PineBridge’s management committee.
