Adani loses $13 billion in four days in worst wealth devastation last week

Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raised questions about some offshore investors. The news triggered a stockmarket rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than anyone else in the world, with his personal fortune tumbling by about […]

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Daily Masala

Here is what others are talking about today: Gold prices drift further away from 7-week highs as dollar firms Oil dips on high OPEC supplies, defying falling U.S. crude stocks Asian shares dip on profit-taking after Dow hits 22,000 South Asia becomes global LNG hotspot as Bangladesh enters market Gorkhaland stir costs Darjeeling tea estates […]

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Daily Masala

Here is what others are talking about this morning: Asia shares recoup losses as China hits seven-month top Oil prices firm on potential producer action to prop up market Gold steady as U.S. data lowers rate hike prospects Japan’s economic growth slows as business spending slumps World’s biggest shipping firm warns against U.S. protectionism China […]

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Daily Masala

Here is what others are talking about this morning: China Factory Gauge Signals a Record Streak of Deterioration China’s official factory gauge signaled conditions deteriorated for a record sixth month as an index of services continued to hold up, illustrating the divergence in the two-speed economy.  Oil falls as Asia economies slow, prospect of crude output […]

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Daily Masala

Here is what others are saying this morning: U.S. crude oil prices drop over 2 percent as market loses faith in rebound U.S. crude oil prices were down more than 2 percent in early trading as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. Asia shares fall […]

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