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…
Honeywell to acquire heads-up display assets from Sweden’s Saab
(Reuters) – U.S. conglomerate Honeywell said on Wednesday it had agreed to acquire Swedish aerospace firm Saab’s heads-up display (HUD) assets to strengthen its avionics unit. The HUDs will be integrated into…
Sixth Street considers bidding for Bed Bath & Beyond assets – WSJ
(Reuters) – Bed Bath & Beyond’s lender Sixth Street Partners is considering bidding for at least some of the bankrupt retailer’s assets, the Wall Street Journal reported on Thursday, citing a court…
Online retailer Overstock to buy some assets of Bed Bath & Beyond
(Reuters) – Overstock.com will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday. The deal, designated a “stalking horse” bid…
Claims pursuing Citgo’s assets surpass $20 billion -supervisory board
HOUSTON/CARACAS (Reuters) – A group of Venezuela-related expropriation claims at U.S. courts pursuing Citgo Petroleum’s assets surpass $20 billion, making it difficult for the Houston-based refiner to compensate them all, the chief…
US money market fund assets hit record highs despite debt-ceiling fears
By John McCrank NEW YORK (Reuters) – U.S. money market fund assets hit a new record of $5.8 trillion this week as yield-hungry investors continued to turn to the short-term debt securities…
New York City public pension funds sued for selling fossil fuel assets
NEW YORK CITY, NY – According to a report by Bloomberg, public employees have sued three New York City pension funds for allegedly breaching their fiduciary responsibility by selling billions of dollars’…
Buoyed by sale of small state assets, Ukraine eyes bigger sell-off
By Olena Harmash KYIV (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in…
Italy’s Treasury says freezes assets of Russian fugitive
MILAN (Reuters) – Italy’s Treasury said it has frozen the assets held in the country by Russian businessman Artem Uss, who dodged Italian authorities trying to extradite him to the United States…
Deutsche Bank Russian profits leapt in 2022, even as assets dropped
(Reuters) – Deutsche Bank’s Russian subsidiary’s profits jumped by almost six times in 2022 to 5.4 billion roubles ($66.42 million), Russian audit documents showed, the latest example of a foreign lender booking…
Abrdn weighs split of private equity assets to draw fresh bids –source
By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of investments, after…
Russia building reserves in assets the West can’t sanction – central bank chief
MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.…
China-driven growth seen helping emerging assets despite bank worries
By Duncan Miriri LONDON (Reuters) – Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are…
Analysis-Safe-havens and risk assets both rise as banking woes shift Fed expectations
By David Randall and Lewis Krauskopf NEW YORK (Reuters) – Worries over the banking crisis are boosting disparate assets, with traditional safe-havens such as gold, Treasuries and money markets seeing high demand…
Russian retail investors file lawsuit over transfer of frozen assets
MOSCOW (Reuters) – More than 40 private investors have filed a Moscow lawsuit against three Russian banks – VTB, Alfa Bank and Rosselkhozbank – challenging the transfer of their frozen assets to…
Tucker Carlson Rips Lindsey Graham’s Suggestion To ‘Attack’ Russian Jets That Threaten US Assets
Tucker Carlson Rips Lindsey Graham’s Suggestion To ‘Attack’ Russian Jets That Threaten US Assets Harold Hutchison on March 15, 2023 Fox News host Tucker Carlson called out Republican Sen. Lindsey Graham’s response…
Michelin says now in talks with local player for purchase of its Russian assets
PARIS (Reuters) – French tyre maker Michelin has shelved plans to sell its Russian business to its local management and is now in discussions with a local player, a company spokesperson said…
Richard Rosenberg, former Bank of America chief who doubled its assets, dies
By Lananh Nguyen NEW YORK (Reuters) – Richard Rosenberg, the former Bank of America Corp chief executive who presided over a spree of acquisitions that doubled the bank’s assets, has died. He…
FBI Shielded Identities Of Undercover Assets Who May Have Been Inside Capitol On Jan. 6, Whistleblower Says
FBI Shielded Identities Of Undercover Assets Who May Have Been Inside Capitol On Jan. 6, Whistleblower Says Katelynn Richardson on March 3, 2023 The FBI’s Washington Field Office (WFO) affirmed that there…
Analysis-Watch out risk assets, the rout in bonds is coming your way
By Dhara Ranasinghe, Nell Mackenzie and Yoruk Bahceli LONDON (Reuters) – The selling gripping the world’s biggest bond markets, on fears that stubbornly high inflation will keep central banks hiking interest rates…
TPG in talks to buy $300 million Malaysian education assets from KV Asia -sources
By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – U.S. private equity firm TPG is in advanced talks to buy Malaysian private education assets owned by regional buyout firm KV Asia Capital…
Swiss government: confiscation of Russian assets found unconstitutional
ZURICH (Reuters) – The confiscation of private Russian assets would undermine the Swiss constitution and the prevailing legal order, the Swiss government said on Wednesday, citing the findings of a working group…
Analysis-The deep freeze over UK assets is thawing
By Naomi Rovnick LONDON (Reuters) – Britain’s stocks and bonds are drawing strong buying interest, not quite a vote of confidence in the economy but a reassuring sign for policymakers that a…
Chevron agrees to sell Myanmar assets and will exit country
By Sabrina Valle HOUSTON (Reuters) – U.S. oil major Chevron Corp on Friday said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal that allows…
Analysis-Investors seek uncorrelated assets on worries volatility will return
By Laura Matthews (Reuters) – Concerns that last year’s wild swings in stocks and bonds will resurface in 2023 are boosting the appeal of investments less dependent on upside in either asset…
Sanctioned oligarch accuses U.S. of stealing his assets, vows to fight in Russian court
By Alexander Marrow MOSCOW (Reuters) – Konstantin Malofeyev, a Russian businessman who is under U.S. sanctions, on Thursday accused the United States of trying to steal $5.4 million of his assets, saying…
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