Pic New 1744906036612 1745299725350

Adani Ports’ latest deal revives old controversies—markets aren’t impressed

On Thursday, the Gautam Adani-promoted company said it would acquire Abbot Point Port Holdings Pte Ltd, the parent of North Queensland Export Terminal (NQXT), for AUD 3.98 billion (approximately ₹21,783.33 crore). The seller? Carmichael Rail and Port Singapore Holdings Pte Ltd—a Singapore-based entity controlled by the Adani family. The deal will be funded by issuing…

Read More
Market 2 1733466021722 1733466033367

Sharp US bond selloff revives flashbacks of COVID-era dash-for-cash

Margin calls, need for liquidity exacerbate bond selloff Unwinding of basis trade reminds investors of 2020 market crash Swap spreads tighten sharply, signaling selling pressure By Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK, – A violent U.S. Treasury selloff, evoking the COVID-era “dash for cash,” has reignited fears of fragility in the world’s biggest bond…

Read More
Enable Notifications OK No thanks