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…
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 bans their entry to the bloc, Foreign…
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 assets, Bloomberg News reported on Tuesday citing…
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 and would continue to protect its interests.…
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 Commission (CPUC), the utility said on Wednesday.…
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 at an investor presentation this week, with…
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 that Washington illegally allowed courts to freeze…
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 tapping institutional investors. The new unit, Nasdaq…
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 “industry of litigation” against Tehran in breach…
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 automaker Mahindra’s renewable power assets, an exchange…
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 vowed to continue to deploy and exercise…
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 climate change by the 2050s, data and…
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 behaving in markets points to growing unease…
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 550 million euro ($560 million) loss. MAN…
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 in three to five years as it…
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 to recover some 600 billion roubles ($9.86…
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 way to return billions in frozen foreign-held…
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 no longer fit within the long-term plans…
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 Rica and Banco Internacional de Costa Rica,…
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 the daughter of former president Islam Karimov.…
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 from their funds, helping them unlock billions…
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 offset a slowdown in inflows due to…
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 Thursday. Amid high volatile across markets, investors…
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’ market value rose by over 1 billion…
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 gas developments which could raise as much…
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 ($1.05 billion) to funds managed by two…
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