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Stocks slide on Fed concern

  Bloomberg US equity-index futures and European stocks fell as investors worried about the prospects of interest-rates staying higher for longer and a deepening of geopolitical tensions. The dollar rebounded on haven appeal. Contracts on the S&P 500 and Nasdaq 100 indexes dropped at least 0.6% each with US markets set to return from a holiday. European stocks fell as ...

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Adani selloff drags group’s market value to under $100 billion

  Bloomberg The combined equity market value of Adani group’s 10 companies slipped below $100 billion on Tuesday, as the embattled conglomerate struggles to reassure investors following a scathing report by a US short seller. The ports-to-power group has now lost more than $136 billion in market capitalisation since January 24, when US-based Hindenburg Research published a report alleging accounting ...

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Son has 35% of his SoftBank shares pledged as collateral

  Bloomberg SoftBank Group Corp. founder Masayoshi Son increased the amount of stock pledged as collateral to financial institutions to 175.25 million shares, or about 35% of his total stake in the Japanese conglomerate. The 65-year-old billionaire disclosed an increase of about 4.3 million shares as of February 13, worth about 24.5 billion yen ($183 million) at current prices. This ...

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