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Adani stock bearing the brunt of rout has lost 76% in value

  Bloomberg Adani Group companies have seen more than $135 billion of equity market value wiped out since the explosive Hindenburg Research report, but none is hit as bad as Adani Total Gas Ltd. The stock has lost more than three quarters of its value since the short seller report was published on January 24. Yet, it is the second-most ...

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Stocks wobble as China bets fade; dollar stalls

  Bloomberg Global stocks trimmed gains and US equity-index futures dropped on concern the Federal Reserve will keep borrowing costs higher for longer. Optimism over China’s economic recovery that drove a rally in Asia fizzled in European hours. The Stoxx Europe 600 Index erased an advance, falling for a second day. The Shanghai Composite Index earlier climbed the most since ...

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Oil sinks as hawkish Fed talk boosts supply-driven bear case

  Bloomberg Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage. A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The ...

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