The rationale behind Hindenburg Research’s decision to short solely Adani stocks recorded outside of India

According to Bloomberg, a trader who sold $1 million worth of Adani Enterprises stakes at the market’s opening on February 1 and then purchased them again at the close of the day after the record drop would have made nearly $280,000, excluding commissions and transaction expenses. The constraints of the practice in the country and the uniqueness of the company … Read more

Non-essential imports face curbs as exports dip

In order to deal with a recent dip in exports, non-essential imports face a decline. Although there have been no official lists stating the industries that have been targeted, it is understood that markets such as gold and electronics will be considered.  The government is considering taking action to limit imports of non-essential commodities as merchandise exports continued to decline … Read more

Brazil Suspends Beef Export To China Due To Detection Of Mad Cow Disease

Brazil stopped exporting beef to China for the time being, followed by the detection of mad cow disease. The circumstances may cause an economic imbalance between both countries. China might re-establish its trade relationship with Australia if the ban is not momentary. China is the highest purchaser of Brazilian beef globally. Brazil put an abrupt stop to the export of … Read more