Suzano to buy Kimberly-Clark’s tissue assets in Brazil
SAO PAULO (Reuters) -Brazilian pulpmaker Suzano SA said on Monday it reached a deal to buy Kimberly-Clark’s tissue paper operations in the country. In a …
assets
Chile’s Entel to sell fiber optic assets for $358 million
SANTIAGO (Reuters) – Chilean telecoms giant Entel said on Saturday it would sell the assets of its fiber optic business, which provides services to homes, …
Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC
By Nelson Banya (Reuters) – An independent evaluation has put Yamana Gold’s mineral assets at between $6 billion and $8 billion, in line with South …
U.S. stocks price in recession risk more than other assets, says Citi
(Reuters) – U.S. equities have priced in the most recession risk compared with other assets, Citigroup researchers said, warning that was not enough as further …
Germany wants those behind Iran crackdown banned from EU, assets frozen – newspaper
BERLIN (Reuters) – Germany will ensure the European Union freezes the assets of those responsible for a violent crackdown on anti-government protests in Iran and …
Blackstone in talks to buy Emerson’s assets for up to $10 billion – Bloomberg News
(Reuters) – Emerson Electric Co is in talks with U.S. buyout firm Blackstone Inc to sell a part of its commercial and residential solution business …
China’s Xiaomi says will protect business interests after assets frozen in India
MUMBAI (Reuters) – Chinese smartphone maker Xiaomi Corp on Sunday said it was “disappointed” with an Indian order that froze $682 million of its assets …
PG&E files to separate non-nuclear generation assets into standalone unit
(Reuters) – PG&E Corp has moved to separate its non-nuclear generation assets into a standalone unit by filing an application with the California Public Utilities …
TotalEnergies to lay out plans with fate of Russian assets in focus
By Benjamin Mallet PARIS (Reuters) – French oil and gas major TotalEnergies is expected to lay out its strategy for a possible future without Russia …
U.S. asks World Court to dismiss Iran’s claims over frozen assets
THE HAGUE (Reuters) – The United States on Wednesday asked judges at the International Court of Justice in The Hague to dismiss claims by Tehran …
Nasdaq bets big on digital assets despite crypto turmoil
(Reuters) – Nasdaq Inc is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at …
Iran tells World Court U.S. illegally froze Iranian assets
THE HAGUE (Reuters) – Iran on Monday told judges at the International Court of Justice in The Hague that the United States had created an …
Canadian pension fund OTPP to buy 30% stake in India’s Mahindra renewables assets
MUMBAI (Reuters) – Canadian pension fund Ontario Teachers’ Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian …
U.S. vows continued deployment of strategic assets after N.Korea nuclear law
WASHINGTON (Reuters) -The United States and South Korea on Friday denounced North Korea’s first-use nuclear doctrine unveiled this month as “escalatory and destabilizing” and Washington …
Large companies’ assets at growing risk of climate impact – S&P Global
By Juliette Portala (Reuters) – Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of …
Suspicious minds leave UK assets all shook up
By Andy Bruce LONDON (Reuters) – There is trouble ahead for Britain’s new finance minister Kwasi Kwarteng: a marked shift in how British assets are …
Traton sells some assets in Russia, incurs 550 million euro loss
FRANKFURT (Reuters) – Volkswagen’s truck division Traton on Tuesday said some of its divisions were disposing assets in Russia, a move that will cause a …
Rockefeller Capital aims to double assets to $200 billion in 3-5 years
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Rockefeller Capital Management is aiming to double its assets under management to about $200 billion …
Russia’s VTB open to swaps as it seeks to reclaim $10 billion in frozen assets
By Alexander Marrow VLADIVOSTOK, Russia (Reuters) – Russia’s VTB Bank is interested in an asset swap with Russian subsidiaries of European lenders as it seeks …
Biden Is Trying To Return Billions In Frozen Assets To Taliban-Controlled Afghanistan
Biden Is Trying To Return Billions In Frozen Assets To Taliban-Controlled Afghanistan Micaela Burrow on August 22, 2022 The U.S. will continue to seek a …
New Zealand’s government transfers Kiwibank assets to new company
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government said on Monday it had transferred Kiwibank’s assets to a new state-owned company, since the lender …
Costa Rica eyes raising $2.7 billion via sale of state financial assets
SAN JOSE (Reuters) – Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa …
Switzerland to return Uzbekistan’s assets frozen in money laundering probe
GENEVA (Reuters) – Switzerland agreed on Tuesday to send back to Uzbekistan over $100 million which it seized during a long-running investigation in connection with …
Funds begin parking sanction-hit Russian assets in ‘side pockets’
By Carolyn Cohn and Huw Jones LONDON – Some of the world’s biggest money managers are talking to investors and regulators about stripping Russian assets …
Brazilian broker XP’s profit gains from higher assets under custody
(Reuters) – XP Inc posted a marginal jump in second-quarter adjusted profit as the Brazilian broker gained from a surge in assets under custody that …
Hedge funds assets shrink amid investors withdraws, losses
NEW YORK – Hedge funds assets fell below $4 trillion in June, dragged down by poor performance and investors’ withdraws, data provider HFR showed on …
Zara founder Ortega’s real estate assets worth $15.5 billion in 2021
MADRID – The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets’ …
Exclusive: Shell places U.S. Gulf of Mexico assets up for sale – sources
By David French and Ron Bousso NEW YORK/LONDON – Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and …
Infratil’s Vodafone NZ to sell mobile tower assets for $1.1 billion
(Reuters) – New Zealand’s infrastructure investment company Infratil Ltd said on Monday Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion …
United States Attorney’s Office Seeks to Civilly Forfeit Assets in Nearly $6 Million Alleged Fraud Scheme
Acting United States Attorney Steven Russell announced the filing of a civil complaint seeking forfeiture of assets acquired in an alleged fraud scheme involving almost …
Crypto hedge fund Three Arrows’ liquidators get OK to claim U.S. assets
By Dietrich Knauth (Reuters) – Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay …
Factbox-Canadian lawmakers approve 2022 budget measures on housing, Russian assets
(Reuters) – Canada’s Senate on Thursday passed Prime Minister Justin Trudeau’s budget, adopting a two-year ban on foreign buyers of Canadian homes and a measure …
Canada’s Senate passes budget, greenlighting measures on housing, Russian assets
OTTAWA – Canada’s Senate on Thursday passed Prime Minister Justin Trudeau’s budget, adopting a long list of measures including a two-year ban on foreign home …
Singapore trading platform recognises crypto assets of accredited investors
By Anshuman Daga SINGAPORE – Singapore-based private securities platform ADDX said it has become the first financial firm in the city-state to recognise cryptocurrency in …
Turkish cenbank acts to boost use of lira assets as collateral -bankers
ISTANBUL – The Turkish central bank has taken steps to increase the weight of lira-denominated assets in the collateral system as part of its currency …
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
(Reuters) – Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake …
Vanguard commits $290 billion of assets to be net-zero by 2050
By Simon Jessop LONDON – Vanguard, the world’s second-biggest asset manager, said it expects nine funds managing $290 billion to reach the world’s climate goal …
Brussels says about $24 billion of Russian central bank assets frozen in EU, less than expected
BRUSSELS – European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of the Russian Central Bank, a top …
EU to make breaking sanctions against Russia a crime, seizing assets easier
By Jan Strupczewski BRUSSELS – The European Commission proposed on Wednesday to make breaking European Union sanctions against Russia a crime, a move that would …
Fifteen People Charged with Trafficking Semi-Truckloads of Marijuana and Laundering Drug Proceeds, Over $40 Million in Assets Seized
INDIANAPOLIS – A federal grand jury has indicted fifteen people on drug trafficking and money laundering charges. Specifically, the indictment charges the defendants with a …
Russia’s Sberbank divests some non-core assets
(Reuters) – Russia’s largest lender Sberbank has ceased to be a shareholder in some non-financial assets, the company said on Thursday, as it reviews its …
BayWa r.e. Partners with REV Renewables to Manage Solar Assets
IRVINE, CALIF., May 16, 2022 — Global renewable energy company and service provider BayWa r.e., today announced it has entered into 10-year agreements with REV Renewables …
UniCredit, Citi consider swapping assets with Russian institutions – FT
(Reuters) – UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit …
Nigeria’s markets regulator publishes rules on crypto assets
LAGOS – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle …
Lordstown Motors shares surge after it sells assets to Foxconn
(Reuters) – Shares of Lordstown Motors shares surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had …
Italy extends vetting powers to protect key national assets
ROME – Italy’s parliament has extended Rome’s special vetting powers to protect its key national assets by including the hydroelectric sector and new companies that …
Danone reorganises Chinese assets, cuts ties with Mengniu
PARIS -France’s Danone said on Friday it would end its partnership with Chinese milk firm Mengniu by selling a 25% stake it holds in milk …
China discusses protecting assets from U.S. sanctions with banks -FT
(Reuters) – Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect China’s overseas assets from U.S.-led sanctions …
India seizes $725 million of Xiaomi assets over illegal remittances
By Aditya Kalra NEW DELHI -India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp after a …
U.S. oilfield services firm Halliburton warns of risk to Russian assets
(Reuters) – U.S. oilfield services firm Halliburton Co on Friday warned it may face Russian government seizure of its $340 million in assets in the …