NEW YORK: Short-seller Hindenburg Research disclosed on Wednesday (Jan 25) short positions in India's Adani Group, citing potential stock manipulation and accounting fraud in a report. T
, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the conglomerate's companies down.
It was named after the high profile disaster of the Hindenburg airship in 1937 which ignited as it flew into New Jersey. After finding potential wrongdoings, Hindenburg usually publishes a report explaining the case and bets against the target company, hoping to make a profit.
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Hindenburg shorts India's Adani Group, cites debt, accounting concernsBENGALURU, India: Hindenburg Research said on Wednesday (Jan 25) it held short positions in Adani Group, accusing the Indian conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. The group, which is led by Gautam Adani, the world's t
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New Zealand's new PM Chris Hipkins known for his candour, diet and poor dress senseA former boss once remarked that Mr Hipkins “appears to eat nothing more than sausage rolls and diet Coke”. Read more at straitstimes.com.
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'New life, new beginning': Actress Jayley Woo welcomes baby girlLocal actress Jayley Woo has become a mother right before Chinese New Year. In an Instagram post on Friday, the 31-year-old shared a photo of herself cuddling her newborn baby in her hospital bed. The girl is named Jan and is her first child. She posted in...
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PM Lee congratulates Chris Hipkins, new PM of New ZealandPrime Minister Lee Hsien Loong has congratulated Mr Chris Hipkins on his appointment as the new prime minister of New Zealand. In a letter on Wednesday, Mr Lee noted the “deep and longstanding friendship” between Singapore and New Zealand. “As small and open...
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Chinese netizens slam Korean celebrities for saying 'Lunar New Year' instead of 'Chinese New Year'Chinese social media users flooded the comment sections of Korean celebrities who wished their fans good fortunes using the phrase “Lunar New Year” instead of “Chinese New Year.” On Sunday, K-pop star Jang Won-young of IVE posted a picture of herself wearing a hanbok on Instagram with the caption “Have a happy Lunar New Year,” using the Korean word for Lunar New Year, “Seollal,” in her post. Chinese commenters quickly bombarded the post with criticism of her use of “Seollal” instead of 'Chinese New Year,' even accusing Jang of cultural appropriation.
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New Zealand's new PM Chris Hipkins known for his candour, diet, and poor dress senseWELLINGTON — New Zealand's next prime minister does not draw adoring crowds like his predecessor Jacinda Ardern, but is well known throughout the country for his political nous, poor dress sense and a love of diet Coke.
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