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Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday.With a business empire spanning coal, airports, cement and media, the chairman of Adani Group has been rocked in recent years by corporate fraud allegations and a stock …

Indian magnate Gautam Adani charged in US over massive bribery scheme Read More »

Global stocks were mostly flat or lower Wednesday while the dollar strengthened ahead of an eagerly anticipated report from artificial intelligence giant Nvidia that showed it crushed its earnings expectations.Following a down day in Tokyo and on European bourses, equities had a choppy session in New York, with the S&P 500 finishing flat.”Now that the …

Dollar strengthens, stocks mostly flat over lack of triggers Read More »

US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial intelligence giant Nvidia.The dollar firmed against rivals as US president-elect Donald Trump works on completing his cabinet picks, the outlook for US interest rates and the prospect of an escalation in the Russia-Ukraine war.”One of the most highly anticipated days …

Stock markets retreat ahead of Nvidia earnings Read More »

Major European and Asian stock markets mostly gained and the dollar firmed against main rivals Wednesday following a positive lead from Wall Street, as all eyes turned to upcoming results from artificial-intelligence giant Nvidia.London was up 0.2 percent in late morning deals as a 20-percent surge in the share price of accounting-software group Sage following …

Stock markets gain, dollar higher before Nvidia earnings Read More »