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A US corporate scourge deflates the empire of Indian tycoon Adani
A US corporate scourge deflates the empire of Indian tycoon Adani
by  AFP

Nathan Anderson sees himself as a scourge of corporate manipulation, but some investors and business leaders see short-sellers like him as engaging in tactics more akin to Wall Street gunslinging for profit. Anderson heads the New York-based short-seller Hindenburg Research, which profits as its attacks on Indian business tycoon Gautam Adani gain steam.

Higher costs drag Caterpillar profits lower
Higher costs drag Caterpillar profits lower
by  AFP

Caterpillar reported a drop in profits Tuesday as higher costs and the drag from the strong dollar offset the lift from buoyant demand in industrial markets. Caterpillar is looking for opportunities to pass on higher costs to consumers, while weighing what's feasible.

Macron roils French sense of equality with pension reform
Macron roils French sense of equality with pension reform
by  AFP

For opponents of France's pension reform, the proposed changes are about more than raising the retirement age: they're about an economic model seen as stacked in favour of the rich and a president viewed as too close to the wealthy. The reform proposed by Macron would raise the retirement age for everyone to 64 from 62 and increase the number of years of work required to claim a full pension.

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