Feds move to seize $126M in assets tied to illegal staffing ring in Ohio
DAYTON, OH — The United States has filed a civil forfeiture complaint targeting assets connected to an alleged $126 million illegal staffing and money laundering operation involving undocumented workers at multiple Ohio…
Ameriprise Financial profit rises as AUM, client assets climb
(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…
Analysis-Swiss franc shines as investors scramble for safe assets
By Naomi Rovnick and John Revill LONDON/ZURICH (Reuters) – The potential for the Israel-Hamas conflict to worsen and poor corporate earnings have sent investors scrambling for safety with few havens left, as…
Russian court rules that $20.9 million in Credit Suisse assets may be seized
MOSCOW (Reuters) – A Russian appeals court has imposed interim measures against Credit Suisse and ruled that funds totalling $20.9 million held by the Swiss bank in Russia may be seized, court…
Lordstown Motors ex-CEO approved to buy company assets for $10 million
By Dietrich Knauth NEW YORK (Reuters) – Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and…
EU hopes to advance talks on using Russian assets for Ukraine
By Gabriela Baczynska and Julia Payne BRUSSELS (Reuters) – European Union leaders meeting later in October will demand “decisive progress” on using Russian assets frozen by sanctions to help Ukraine, according to…
EXCLUSIVE: GOP Rep Unveils Bill That Would Allow US To Pay Itself Back For Ukraine Aid With Frozen Russian Assets
EXCLUSIVE: GOP Rep Unveils Bill That Would Allow US To Pay Itself Back For Ukraine Aid With Frozen Russian Assets Jake Smith on October 12, 2023 Republican Georgia Rep. Rich McCormick introduced…
Asset managers boost ETF assets via active fund launches, conversions
By Suzanne McGee (Reuters) – Large, established asset managers that have been slow to cash in on investor demand for exchange-traded funds are now trying to grab a slice of the market…
Ukraine freezes assets of three Russian tycoons worth $464 million – prosecutors
KYIV (Reuters) – A Ukrainian court has frozen the Ukrainian assets of three Russian businessmen over their alleged support for Russia’s war in Ukraine, prosecutors and the security service said on Friday.…
Disney in talks with Adani, Sun TV to sell India assets -Bloomberg News
BENGALURU (Reuters) -Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as well private equity firms to sell its streaming and television business in the…
Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets
By Scott Murdoch SYDNEY (Reuters) – China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking the developer’s offshore assets as its cash…
FTX gets court approval to sell crypto assets
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto exchange FTX received U.S. court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers…
JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant
By David Shepardson (Reuters) – JetBlue Airways Corp said Monday it had agreed to sell all of Spirit Airlines assets at Boston and Newark Liberty airports to Allegiant, as it works to…
Analysis-China-linked assets squeezed as slowdown ripples across markets
By Tom Westbrook and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) – Investors looking for clues about the state of China’s economy beyond official data are seeing red warnings flash across a range of informal…
Russia prepares decree to unfreeze and swap assets with foreign investors
By Alexander Marrow (Reuters) – Russian authorities are working on a draft presidential decree to give the country’s retail investors a way to unblock their frozen assets held in overseas accounts and…
Broker XP’s revenue rises on higher client assets, card segment growth
(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound in the capital markets that saw its client assets breach the 1-trillion-reais…
Fortum fights to sell seized Russian assets and get compensation
By Anne Kauranen HELSINKI (Reuters) – Finnish utility Fortum still hopes to sell its Russian assets and get compensation for their seizure by the Kremlin via arbitration, its chief executive told Reuters.…
Hong Kong home price war could get uglier after CK Asset’s new home launch, agents say
HONG KONG (Reuters) – A new home launch this week by Hong Kong property developer CK Asset at the lowest prices in seven years has shocked the market and could intensify a…
Nutrien CEO not looking to sell assets despite fertilizer price fall
By Rod Nickel WINNIPEG, Manitoba (Reuters) – Canadian potash producer Nutrien is not looking to sell assets to raise capital, CEO Ken Seitz told Reuters, even as falling fertilizer prices have caused…
Factbox-Moscow takes control over assets of Western companies
(Reuters) – President Vladimir Putin has signed decrees to take temporary control of assets belonging to some Western companies in Russia, in retaliation against foreign moves against Russian companies abroad, and warned…
Dubai invites pitches for IPOs of taxi, parking assets – sources
By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and parking…
Factbox-What has become of Western carmakers’ assets in Russia?
By Gleb Stolyarov and Alexander Marrow (Reuters) – The Western automakers that dominated Russia’s car market left following Moscow’s invasion of Ukraine, leaving a slumping production and sales in their wake, with…
Analysis-Tumbling US dollar a boon to risk assets across the globe
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly…
European assets jump after U.S. inflation slows
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of steep interest…
Cash assets under management reach ‘monster $7.8tn’ – BofA
By Lucy Raitano LONDON (Reuters) – Investors globally ploughed more money into cash funds in the week to Wednesday, with total cash assets under management reaching a “monster” $7.8 trillion, according to…
EU leaders push to fund Ukraine with proceeds from Russia’s frozen assets
By Jan Strupczewski BRUSSELS (Reuters) – European Union leaders will push senior officials on Thursday to find legal ways to funnel proceeds from billions of dollars of frozen Russian assets into projects…
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