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April 20th - According to the unified accounting results for regional GDP, the provinces GDP reached 775.43 billion yuan in the first quarter, a year-on-year increase of 3.0% at constant prices. By industry, the primary industry achieved an added value of 56.923 billion yuan, a year-on-year increase of 2.8%; the secondary industry achieved an added value of 249.351 billion yuan, an increase of 0.1%; and the tertiary industry achieved an added value of 469.156 billion yuan, an increase of 4.6%.April 20 - According to a statement released by U.S. Customs and Border Protection, the United States will officially launch its tariff refund system on April 20 (Eastern Time) to refund $166 billion (approximately 1.13 trillion yuan) in tariffs to importers.April 20th - This morning, Hubei Province released its economic performance report for the first quarter of 2026. Statistics show that from January to March this year, Hubeis GDP reached 1,429.457 billion yuan, a year-on-year increase of 5.4%.On April 20th, amidst increased uncertainty due to the Iran war, Bank of Japan Governor Kazuo Ueda, after attending an IMF meeting, did not commit to an April rate hike in advance, but still released some hawkish signals, suggesting that a June rate hike, if not this month, remains a possibility. While market attention focused on his lack of explicit indication of an April rate hike, Ueda did not downplay the possibility, emphasizing the need to closely monitor the situation in the Middle East and its impact on the Japanese economy. Three sources familiar with the Bank of Japans thinking indicated that, with both possibilities remaining, policymakers might hesitate until the last minute to decide whether to raise rates at the April 27-28 meeting, depending in part on the progress of negotiations to end the war between the US and Iran. The sources stated, "Given the high degree of uncertainty, it is too early to make a decision now regarding the policy meeting more than a week from now."The Hang Seng Tech Index extended its gains to 1%, while the Hang Seng Index is currently up 0.85%.

Adani Shares Rose As Market Losses Exceeded $110 Billion

Aria Thomas

Feb 07, 2023 14:29

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Shares of several listed Adani group companies, including its flagship, increased in early trade on Tuesday, while others sank further as the negative impact of a short-report seller's on the Indian conglomerate persisted.


Despite the group's announcement that it will prepay $1.11 billion in loans on shares before their 2024 maturity date, the sell-off continued in several companies. Since Hindenburg Research's analysis was published on January 24th, the stock market value of Adani group's seven publicly traded firms has decreased by $110 billion.


Hundreds of members of India's main opposition Congress party took to the streets on Monday to protest and demand an investigation into Hindenburg's allegations of stock manipulation and use of tax havens by Adani, which the conglomerate has rejected.


According to information published on its website on Monday, the Indian exchange National Stock Exchange of India (NSE) reduced the maximum daily permitted price movement for Adani Green Energy Ltd and Adani Transmission Ltd to 5%.


Adani Green Energy, Adani Total Gas Ltd, and Adani Power shares declined by 5%, while Adani Transmission shares increased by 3.5%.


The main company of the group, Adani Enterprises Ltd, increased by 9.5%, while Adani Wilmar increased by 5%.


In addition, Adani Ports and Special Economic Zone increased by 7.7%.