Bloomberg Business

India State Insurer Doubles Down on Adani Amid Short Seller Row

India’s largest life insurer is plowing more money into Gautam Adani’s flagship unit, undeterred by a short seller’s fraud allegations that wiped out more than $50 billion of the conglomerate’s market value in two sessions.

Yellen Positive on Cap Talks After EU Floats Russia Diesel Price

US Treasury Secretary Janet Yellen said she’s confident that discussions aimed at extending restrictions on the sale of Russian petroleum products will be concluded within an approaching deadline that coincides with new European Union sanctions against Moscow.

Adani Meets Egypt, Azeri Leaders in Global Push as Stocks Crash

Gautam Adani reached out to more countries in the Middle East and Central Asia to expand the boundaries of his mining-to-infrastructure conglomerate as Asia’s richest man faces intense public scrutiny following a scathing report by US short seller Hindenburg Research.

Billionaire Quant Trader Alex Gerko Named UK’s Biggest Taxpayer

Alex Gerko built a quantitative trading firm over the past decade that handles almost $300 billion in daily volume across equities, commodities, currency and fixed income. It’s made him a billionaire several times over, and it’s now earned him the status of the UK’s biggest taxpayer.

EU Weighs Prosecution Office to Help Probe Russian War Crimes

The European Union is exploring ways to create a special prosecution office to help probe Russian war crimes in Ukraine while separate talks on a special international tribunal to punish crimes of aggression continue to be mired in legal wrangling.

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