Tag: Share market
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Gautam Adani: Indian tycoon weathering stock market panic
Hindenburg said that decades of a pattern of “government leniency toward the group” had made investors, journalists, citizens and politicians unwilling to challenge its conduct “for fear of retribution”. The Adani Group’s market capitalization has grown by more than $45 billion since the release of the report, and its legal head announced on Thursday that…
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Adani shares fall on claims of fraud, stock manipulation in India
Asia’s richest man Gautam Adani’s net worth saw a drop of $6 billion on Wednesday after a US investment firm accused him of “brazen stock manipulation and accounting fraud”. Adani, 60, is the world’s third-richest person with an estimated net worth of around $120 billion and interests ranging from Australian coal mines to India’s busiest…
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Qatar eyes revival of its stock market after World Cup
Qatar’s stock market is set to welcome its first initial public offering (IPO) in nearly three years in a test of new rules introduced by Doha, expected to compete with more active exchanges in the region. IT services company Meeza could raise up to 911 million riyals ($249 million) when it launches its IPO on…
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Breaking records, electric car sales in Norway to account for close to 80% in 2022
Tesla had a 12.2 percent share of the overall car market in Norway, making it the number one brand for the second year in a row, ahead of Volkswagen at 11.6 percent. The Tesla Model Y was the most popular model of the year, ahead of Volkswagen’s electric ID.4 in second place and the Skoda…
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Wall St ends 2022 with biggest annual decline since 2008
The S&P 500 Growth Index has fallen nearly 30.1% this year, while the price index is down 7.4%, with investors preferring high dividend-paying sectors with stable income such as energy. The energy has registered a stellar annual gain of 59% due to a rise in oil prices. Ten of the 11 S&P sector indexes fell…
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Asian shares start the week on a positive note
However, the personal consumption expenditure price index, closely watched by the Federal Reserve as a gauge of inflation, rose 0.1 percent from October to November and 5.5 percent from November last year. But analysts expect caution until more concrete signs emerge that inflation is under control. Stephen Innes of SPI Asset Management said in a…
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Floor price of 169 companies withdrawn
Floor price of 169 companies withdrawn
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DSE sees minimum transaction of less than 3B Taka
The country’s premier stock exchange, the Dhaka Stock Exchange (DSE), has recorded the lowest transaction figure in the current year. The transaction volume on the DSE on Tuesday was Taka 2.71 billion – the lowest in 20 months on the DSE. Earlier, DSE saw the lowest transaction in 2021 on May 5 at 2.37 billion…