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…
Poland’s Allegro eyes more deals after buying Mall, WE|DO assets
WARSAW – Polish e-commerce platform Allegro is interested in more mergers and acquisitions in the region, its Chief Executive Francois Nuyts told journalists, as the group completed its takeover of Mall Group…
Insurer AIG says BlackRock will manage part of life and retirement unit’s assets
(Reuters) – Insurer American International Group Inc said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of assets on…
ConocoPhillips plans sale of Texas, Oklahoma gas assets – sources
By Shariq Khan – U.S. shale oil producer ConocoPhillips is working with an adviser to sell its gas-producing assets in the Anadarko Basin of North Texas and Western Oklahoma, according to two…
Swiss National Bank says it has sold most of its Russia-related assets
ZURICH – The Swiss National Bank (SNB) has sold most of its Russia-related assets and sees only limited risk for the Swiss financial sector from the war in Ukraine, its chairman said…
Thailand to ban use of digital assets as payments from April – SEC
BANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move was in…
Japan households accumulate record financial assets as COVID curbs spending
By Leika Kihara TOKYO – Japanese households accumulated a record $17 trillion in financial assets as of December last year, roughly four times the size of its economy, as the COVID-19 pandemic…
Russia Threatens To Jail Western Business Leaders, Seize Company Assets: REPORT
Russia Threatens To Jail Western Business Leaders, Seize Company Assets: REPORT Harry Wilmerding on March 14, 2022 Russian prosecutors have threatened to arrest leaders of Western companies in Russia who criticize the…
Mercedes-Benz says Russian nationalisation could threaten $2.2 billion in assets
By Nick Carey LONDON – Mercedes-Benz has 2 billion euros ($2.2 billion) in assets that could be threatened by Russian proposals to nationalise the property of foreign firms that leave because of…
Banks in talks with distressed buyers on Russian assets – sources
By Davide Barbuscia and Yoruk Bahceli NEW YORK/LONDON – Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions fears and…
WeWork rival IWG to merge digital assets with The Instant Group
By Aby Jose Koilparambil – Office rental company IWG said it would merge its digital assets with flexible workspace platform The Instant Group, as office space providers benefit from the hybrid work…
Exclusive-Inter-American Development Bank will divest Russian assets, source says
WASHINGTON – The Inter-American Development Bank plans to divest Russian holdings in its pension plans and remove Russia’s ability to observe the bank’s annual meetings, a source familiar the matter said. The…
How U.S. law enforcement could take control of Russian oligarchs’ assets
By Luc Cohen NEW YORK – The U.S. Justice Department last week launched a task force aimed at choking off assets that Russian oligarchs own in the United States, part of Washington’s…
Italy steps up freezing of assets linked to Russian oligarchs
ROME – Italian banks were instructed by the Bank of Italy’s financial intelligence division on Friday to urgently let it know of all measures taken to freeze the assets of people and…
G7 will seek to seize assets of key Russian elites -Yellen
By Christian Kraemer and Chris Gallagher BERLIN/WASHINGTON -The Group of Seven major economies will convene a task force to focus on freezing and seizing assets of key Russian elites as it aims…
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets
By Ross Kerber Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to date in…
California pension leaders differ on Russia divestment
By Ross Kerber BOSTON -Top California pension leaders on Monday offered different takes on whether the state’s big retirement funds should divest from Russian assets in the wake of the invasion of…
Monaco clamps down on Russian assets after Ukraine invasion
PARIS -Monaco, a tax haven often favoured by the super-wealthy, will proceed with freezing assets and imposing sanctions on certain Russians following President Vladimir Putin’s invasion of Ukraine, the Monaco Royal Palace…
New York City Comptroller to suggest Russian assets for divestment
By Ross Kerber BOSTON – New York City Comptroller Brad Lander on Sunday said he plans to specify Russian assets for city pension boards to “consider for divestment” in response to Russia’s…
Greek lender Piraeus Bank’s Ukraine operations only 0.2% of assets
ATHENS – Piraeus Bank, one of Greece’s four largest lenders, said on Friday its operations in Ukraine comprise a financial institution, JSC Piraeus Bank ICB, and investments in real estate assets. Together…
Localiza, Unidas close to assets sale to win merger approval -report
SAO PAULO -Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval from antitrust watchdog Cade for their merger,…
Fund managers predict volatile first half for risk assets
By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the second half…
Crescent Energy buys EP Energy’s Uinta oil and gas assets for $815 million
– Oil and gas producer Crescent Energy said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately owned Verdun…
European shares rebound as risk assets powered by signs of easing Ukraine-Russia tensions
By Sruthi Shankar and Shashank Nayar -European stocks pulled back some of their recent losses on Tuesday following reports that some Russian troops near Ukraine were returning to their bases, while some…
Factbox-The assets ITA Airways can offer suitors
MILAN – Shipping group MSC and airline Lufthansa are interested in buying a majority stake in Alitalia’s successor, ITA Airways, despite the airline’s history of failed privatisations and 170 million euro ($194…
Exclusive: Canada’s Crescent Point looks to sell some oil and gas assets -documents
(Drops inaccurate reference to Crescent Point being an oil sands company in last paragraph) By Shariq Khan – Canadian oil and gas producer Crescent Point Energy Corp is looking to sell some…
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