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Hello Kitty owner plunges 17% on sharesale plan
Hello Kitty owner plunges 17% on sharesale plan
Business and Economy
by  AFP

Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes. A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later.

Adani Group says it lost nearly $55 bn as US charges sparked rout
Adani Group says it lost nearly $55 bn as US charges sparked rout
Business and Economy
by  AFP

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud. The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.