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‘Not Likely To Happen’: Jonathan Turley Pours Cold Water On Letitia James’ Plans To Seize Trump’s Assets

The Daily CallerMarch 23, 20240

‘Not Likely To Happen’: Jonathan Turley Pours Cold Water On Letitia James’ Plans To Seize Trump’s Assets Harold Hutchison on March 22, 2024 George Washington University law professor Jonathan Turley said Friday that former President Donald Trump was “not likely” to see his properties seized by Democratic Attorney General Letitia James of New York. James filed judgments against Trump and others in Westchester County, New York, where Trump owns a private estate in Seven Springs and the Trump National Golf Club Westchester, Friday. Turley said that James could find seizing the properties much more difficult than she thought “These properties

New York AG Letitia James Takes First Step Toward Seizing Trump’s Assets

The Daily CallerMarch 22, 20240

New York AG Letitia James Takes First Step Toward Seizing Trump’s Assets Katelynn Richardson on March 21, 2024 Democratic New York Attorney General Letitia James recently took the first step towards seizing former President Donald Trump’s assets, public records show. James filed judgements against Trump, his sons and the Trump Organization on March 6 with the clerk’s office in Westchester County, where Trump owns a golf resort and private estate called Seven Springs, according to Bloomberg News. Judge Arthur Engoron issued a judgement in February finding that Trump must pay $454 million in James’ lawsuit, which alleged he perpetuated financial

Trump says he could have to sell assets to cover $454 million fraud judgment

ReutersMarch 19, 20240

By Jack Queen NEW YORK (Reuters) – Donald Trump on Tuesday said on social media that he may be forced to mortgage or sell parts of his real estate business holdings at “fire sale prices” to secure a bond to cover a $454 million civil fraud judgment in New York. The posts by the Republican challenger to Democratic President Joe Biden came a day after his lawyers told the court that 30 surety companies had rejected his efforts to secure a bond. “Nobody has ever heard of anything like this before,” the former U.S. president said in a series of

These Members Of Congress Want To Ban Their Colleagues From Trading. They’re Still Buying And Selling Assets

The Daily CallerMarch 15, 20240

Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show. Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of North Carolina, Bill Keating of Massachusetts and Republican Rep. Pete Sessions of Texas all reported selling or purchasing assets after they signed on as co-sponsors of the TRUST In Congress Act, financial disclosures show. The TRUST In Congress Act would ban members of Congress from directly trading covered investments, which includes securities, commodities futures and similar assets by requiring them to place such assets in a blind trust. Sessions and his wife

Exclusive-Sony, Zee clashed over Russia assets, cricket deal before India deal collapse-emails

ReutersJanuary 31, 20240

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Sony and Zee disagreed over more than 20 compliance issues, including the Indian firm’s failure to dispose of some Russian assets and its $1.4 billion Disney cricket rights deal, before their India merger was scrapped, according to internal emails reviewed by Reuters. The communications between Sony’s legal and M&A executives in India and Los Angeles with top Zee executives provide undisclosed details on the high-stakes backroom tussle that preceded the Japanese firm’s Jan. 22 decision to pull the plug on the $10 billion merger. Emails exchanged between Dec. 20 and

Country Garden seeks to sell assets worth $530 million in Guangzhou

ReutersJanuary 23, 20240

HONG KONG (Reuters) – Embattled Chinese property developer Country Garden is selling properties in Guangzhou, aiming to raise 3.8 billion yuan ($530 million), according to an asset transaction platform. The properties include a hotel resort, four office towers, a shopping mall as well as five rental apartment buildings, according to listings dated Jan. 19 on Guangzhou Enterprises Mergers and Acquisitions Services. Country Garden, the largest private property developer in China, is among a long list of Chinese developers reeling from a cash crunch as the sector plunged into crisis in mid-2021 after authorities sought to rein in excessive debt levels.

EU unlikely to confiscate Russian central bank assets – officials

ReutersJanuary 23, 20240

By Julia Payne and Jan Strupczewski BRUSSELS (Reuters) – The European Union is unlikely to confiscate Russian central bank assets frozen in Europe, despite G7 plans to discuss the legality of such a move at a meeting in February, senior EU officials said. The EU, United States, Japan and Canada froze some $300 billion of Russian central bank assets in 2022 when Russia invaded Ukraine. Some $200 billion of that is held in Europe, mainly in the Belgian clearing house Euroclear. The discussion comes as U.S. President Joe Biden faces Republican opposition to his request for another $61 billion in

BlackRock’s spot bitcoin ETF first to hit $1 billion in assets

ReutersJanuary 19, 20240

(Reuters) – BlackRock’s spot bitcoin exchange-traded fund (ETF) hit $1 billion in assets in the first four days of trading, the first to clinch the milestone among a batch of newly launched ETFs tracking spot bitcoin prices, J.P.Morgan data showed. The U.S. Securities and Exchange Commission (SEC) approved nearly a dozen ETFs tracking the world’s largest cryptocurrency last week, after years of regulatory pushback. Since the launch, BlackRock and Fidelity have pulled the lion’s share of inflows as lower fees and name recognition appear to be key factors in drawing investors so far. BlackRock’s iShares Bitcoin ETF accumulated $1.07 billion

Bridgewater draws more investors in China, nearly doubles assets

ReutersJanuary 19, 20240

By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Hedge fund Bridgewater Associates’ China business is set to grow to about 40 billion yuan ($5.56 billion) following a fresh round of fundraising, a source familiar with the matter said, marking a doubling of assets over the past year while local rivals have struggled. The U.S. fund is raising an additional 2 billion yuan for an existing fund in January and has seen strong demand, with nearly all the fund units being sold within the first four days of the subscription period that began on Jan. 15, according to distributors

Moscow calls U.S. plan to confiscate Russian assets ’21st century piracy’

ReutersJanuary 12, 20240

MOSCOW (Reuters) – The Russian Foreign Ministry on Friday called a U.S. plan to confiscate up to $300 billion in frozen Russian assets to help rebuild Ukraine “21st century piracy” and said Moscow would retaliate harshly if it happened. Foreign Ministry spokeswoman Maria Zakharova accused the United States of trying to create “legal cover” in order to steal Russia’s sovereign assets, a move Moscow has repeatedly warned would violate international law and undermine the global financial system. “Theft of state, private and public property has become a trademark of the Anglo-Saxons,” Zakharova told a news briefing. “Washington (and) London have

G7 leaders to discuss legal theory on seizing Russian assets – sources

ReutersDecember 28, 20230

By Andrea Shalal CHRISTIANSTED, St. Croix (Reuters) -G7 leaders will discuss a new legal theory that would enable the seizure of $300 billion in frozen Russian assets when they meet in February, two sources familiar with the plans and a British official said on Thursday. U.S. and UK officials have worked in recent months to jumpstart efforts to confiscate Russian assets immobilized in Belgium and other European cities, and hope Group of Seven leaders agree to issue a stronger statement when they meet in late February, around the second anniversary of Moscow’s invasion of Ukraine, the three sources said. The

Brazil’s Suzano buys forestry assets for $376 million

ReutersDecember 24, 20230

SAO PAULO (Reuters) -Brazilian pulp and paper company Suzano has acquired certain forestry assets from two special-purpose firms managed by BTG Pactual Timberland Investment Group, according to a securities filing. The deal was valued at 1.826 billion reais ($375.7 million) and requires regulatory approval, Suzano said in the filing late on Saturday. The target companies own approximately 70,000 hectares of land in the state of Mato Grosso do Sul, in a region where Suzano already has operations. Some 50,000 hectares of the acquired land are considered “usable,” Suzano said, adding that the area is planted with eucalyptus trees of varying

Factbox-Reliance and Disney’s streaming and TV assets in India

ReutersDecember 15, 20230

By Dhwani Pandya MUMBAI (Reuters) – A merger of Walt Disney’s India business and Reliance’s media unit Viacom18 would create an entertainment powerhouse in the world’s most populous nation but is likely to face an intense antitrust review. Here’s a breakdown of their assets: TELEVISION * Viacom18 has 38 television channels, including Comedy Central, Nickelodeon and MTV. * Disney Star, a household name in India, has about 80 channels and the brand is known for Hindi family dramas as well as Hollywood movie hits. * Both companies’ channels span general entertainment, sports, children’s TV, documentaries and lifestyle programmes. They also

Woodside, Santos could sell assets to overcome merger antitrust hurdles -source

ReutersDecember 8, 20230

By Scott Murdoch SYDNEY (Reuters) – Oil and gas firms Woodside and Santos could overcome any “significant concerns” with a A$80 billion ($52 billion merger) from Australia’s competition regulator by selling off some smaller domestic assets, said a source with knowledge of the deal’s discussions. The source could not be named as the merger talks between Woodside and Santos are confidential. Woodside and Santos declined to comment, with Santos referring to its statement on Thursday, which said it was “assessing a range of alternative structural options”. Woodside and Santos after market hours on Thursday confirmed speculation they were in preliminary

US ETF assets hit record $7.65 trillion in November -State Street Global Advisors

ReutersDecember 1, 20230

By Suzanne McGee (Reuters) – Exchange-traded funds (ETFs) had a bumper month in the United States in November, with assets climbing to a record $7.65 trillion, State Street Global Advisors said on Friday. ETF investors aggressively bought “risk on” assets in November as “the switch flipped,” said Matthew Bartolini, head of SPDR Americas Research at State Street, citing lower interest rates and renewed confidence in the economic outlook. Signs of cooling inflation have fueled bets that the Federal Reserve will begin unwinding its restrictive monetary policy earlier than expected, driving the S&P 500 to its biggest monthly gain for more

Global public pension assets dip to $25.9 trln in 2023 -report

ReutersNovember 30, 20230

LONDON (Reuters) – Global public pension fund assets dropped slightly to $25.9 trillion in 2023 from $26 trillion a year earlier, as inflation dented returns from bond investments, according to a report published on Thursday. The slippage follows two years of strong asset growth, with the funds also grappling with a rise in real interest rates, according to the report by OMFIF, Official Monetary and Financial Institutions Forum. OMFIF analysed data from the annual reports of the world’s 50 largest public pension funds and 50 biggest sovereign funds. It also drew on surveys and contributions from 22 global public pension

Japan’s Nomura to reduce risk assets for wholesale business

ReutersNovember 28, 20230

TOKYO (Reuters) – Nomura Holdings said on Wednesday it would reduce risk weighted assets by up to 6% for its struggling wholesale business as the top Japanese investment bank scrambles to shore up its capital efficiency. Nomura plans to allocate resources within the group by adjusting the amount of positions in overseas macro products and shifting resources to Japan-related business, CEO Kentaro Okuda told investors on Wednesday. The Japanese bank also plans for an additional $100 million in cost cuts for the wholesale division, reducing total costs to around $5.1 billion by the year ending March 2025, Okuda said. (Reporting

Agri chemicals maker FMC looking to sell non-core assets

ReutersNovember 17, 20230

(Reuters) – Crop protection products maker FMC Corp has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for herbicide and pesticides as well as excess inventories had resulted in large destocking in South America, denting the U.S.-based company’s earnings for much of the year. The company also provided its preliminary 2024 revenue forecast on Thursday. FMC expects revenue in the range of $4.65 billion to $4.85 billion, compared with analysts’ estimate of $4.70 billion, according to LSEG data. FMC expects 2026 revenue between $5.5 billion and $6 billion.

Roboadvisor Wealthfront reaches $50 billion in client assets

ReutersNovember 16, 20230

By Hannah Lang (Reuters) -Digital wealth management provider Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets and is set to grow revenue by more than 140% this year, the company said on Thursday. The milestone comes more than a year after UBS and Wealthfront agreed to terminate the Swiss bank’s $1.4 billion acquisition of the robo-adviser after UBS reportedly faced pushback from shareholders over terms of the deal. Since then, Wealthfront has become profitable, CEO David Fortunato told Reuters in an interview, and is focused on running the business “for the long term” for

Exclusive-Yandex NV could sell Russian assets all at once

ReutersNovember 14, 20230

By Darya Korsunskaya and Alexander Marrow (Reuters) -Yandex’s Dutch holding company is considering selling all its Russian assets at once, rather than just a controlling stake, three people close to the matter told Reuters, as the parties race to finalise a deal before the end of the year. Often referred to as “Russia’s Google”, tech firm Yandex was one of the few Russian companies with the potential to become a global business until Moscow started its war with Ukraine in February 2022. Yandex dominates the taxi and online advertising sectors in Russia. Its ride-hailing service operates in eight African countries

Boston Properties to sell interest in two assets valued at about $1.7 billion

ReutersNovember 14, 20230

(Reuters) -Real estate investment trust Boston Properties on Tuesday agreed to sell a 45% interest in two Massachusetts-based life sciences development properties to Norges Bank Investment Management at a gross valuation of about $1.66 billion. Shares of the REIT rose 9.4% in early trading and were on track for their best day in more than five months at current levels. Massachusetts, especially Cambridge and Boston, is known to be a hotspot for biotech companies including Moderna. The state is also regarded as the top biopharma cluster in the United States. Norges Bank Investment Management is investing $746.4 million to form

Global assets in spot bitcoin ETFs hit $4.16 billion – CoinGecko

ReutersNovember 3, 20230

By Suzanne McGee (Reuters) – Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total $4.16 billion, according to CoinGecko, a cryptocurrency data and analysis company. Nearly half of that sum, or $2 billion, is invested in the seven spot bitcoin ETFs that have been launched in Canada since 2021. Canada also is home to the single largest of the 20 ETFs, the Purpose Bitcoin ETF, which has $819.1 million in assets. To date, U.S. regulators have given the nod only to ETFs tied to futures contracts, such as ProShares Bitcoin Strategy, which has

Explainer-Why are European telecom firms selling assets?

ReutersOctober 31, 20230

By Supantha Mukherjee STOCKHOLM (Reuters) – Vodafone’s bid on Tuesday to sell its Spanish business is the latest move by European telecom firms trying to strengthen their financial health by divesting assets, consolidating markets and selling stakes to investors. Buried under billions of euros of debt, European telecom companies operate in small, highly competitive markets, unlike their peers in other regions, making it difficult for them to find growth. What options do the telecom firms have to expand? CONSOLIDATION European telcos have been trying to break a deadlock on mergers for years in the face of opposition from regulators. In

Santander readies sale of bad assets worth 5 billion euros- Cinco Dias

ReutersOctober 30, 20230

MADRID (Reuters) – Spain’s Santander is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias reported on Monday. The asset portfolio, dubbed Talos II, comprises bad loans, backed by mortgage collateral such as homes and commercial properties, that the lender could end up repossessing as a consequence of defaults. Cinco Dias did not mention the price or potential discount on the sale of the assets, while Santander declined to comment. Spanish banks were very active in the past in shedding real estate assets that went sour

Ameriprise Financial profit rises as AUM, client assets climb

ReutersOctober 25, 20230

(Reuters) – Financial adviser Ameriprise Financial on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client assets and a boost in its assets under management. Total client assets rose nearly 15% to $816 billion in the quarter from $711 billion a year earlier. Assets under management and administration climbed 12% to reach $1.23 trillion in the third quarter, driven by strong client net inflows and market appreciation. Ameriprise’s wealth management practice primarily targets households with $500,000 to $5 million in investable assets. “Wealth Management remains our primary growth driver with good client flows and excellent client-advisor engagement,”