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‘He Has The Political Mandate’: Companies Scramble To Respond To Trump’s ‘Beautiful’ Tariff Hikes
Companies are scrambling to respond to President-elect Donald Trump’s “beautiful” tariff proposals that his administration may seek to enact early in his second term. Proactive steps that companies are taking to evade…
Canada’s Brookfield unit among sanitation companies seeking Brazil IPOs
By Tatiana Bautzer SAO PAULO – Two sanitation companies are expected to break Brazil’s IPO drought in the coming months. The sector has been buoyed by Brazil’s decision to update the regulatory…
Engine No. 1 rushes to back ESG disclosures at top companies
By Ross Kerber (Reuters) – Sustainability-focused hedge fund Engine No. 1 has backed 83% of shareholder resolutions on environmental, social and governance (ESG) topics at top U.S. companies so far this year…
U.S. investigates Chinese companies over export sanction issues
By David Shepardson WASHINGTON – U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration is actively considering adding new Chinese companies to the government’s economic blacklist as it investigates what…
Russian cenbank allows share purchases in companies from ‘friendly’ countries
(Reuters) – Russia’s central bank on Friday authorised Russian residents to buy shares in companies from “friendly” countries, provided the transactions were denominated in roubles or the currency of the foreign country.…
Two More New Orleans Area Defendants Sentenced for Conspiring to Stage Automobile Collisions in Order to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that on May 25, 2022 DONIESHA GIBSON (“GIBSON”), age 31, of New Orleans, Louisiana and ERICA LEE THOMPSON (“ERICA LEE”),…
Hungary slaps $2.19 billion in new windfall taxes on banks, companies
BUDAPEST – Hungary will collect a total of 800 billion forints ($2.19 billion) annually this year and next from new windfall taxes imposed on banks, energy firms, insurers and airlines among others,…
U.S. warns companies of ‘reputational risks’ of doing business in Sudan
WASHINGTON -The United States issued an advisory on Monday warning U.S. companies of growing reputational risks of doing business with state-owned enterprises and military-controlled firms in Sudan. “These risks arise from, among…
BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
By Ross Kerber (Reuters) – BlackRock Inc, JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for…
Russia allows 15 companies to remain listed abroad – finance ministry
(Reuters) – Russia has given 15 companies including metals giant Nornickel and liquefied natural gas producer Novatek approval to remain listed on foreign exchanges, the finance ministry said on Wednesday. Russian President…
Companies should be incentivised to make green investments – UK trade minister
LONDON – Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday. “We need to do all we can to both incentivise and…
Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most
Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most Thomas Catenacci on May 17, 2022 America’s top financial regulator issued climate disclosure rules that are more burdensome for smaller…
Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24, have started to report associated losses. These are companies, listed…
Analysis-U.S. coal companies struggle to cash in on Europe crunch
By Timothy Gardner WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor…
Hotel Owner, Two Hotel Companies Sentenced For Sex And Drug Trafficking In Monroe County
SCRANTON: The United States Attorney’s Office for the Middle District of Pennsylvania announced that Judge Malachy E. Mannion sentenced Nazim Hassam, age 70, of Bartonsville, Pennsylvania, on May 13, 2022 to 60…
Court Orders Washington, D.C. Man and His Two Companies to Cease and Desist From Engaging in Fraudulent N95 Mask Scheme
A Washington, D.C. man and his two companies have been ordered to stop engaging in fraud and transferring fraud proceeds in an N95 mask scheme. He must also return over $2.4 million…
Balkan companies see ‘near-shoring’ opportunity with global supply woes
By Daria Sito-Sucic SARAJEVO – As supply chain disruptions caused by the COVID-19 pandemic, war in Ukraine and lockdowns in China hit Western European markets, Balkan companies are hoping to benefit from…
U.S. groups urge social media companies to fight ‘Big Lie,” election disinformation
WASHINGTON – Social media companies including Facebook, Twitter, YouTube and TikTok must act now to blunt the effect of false information – including Donald Trump’s “Big Lie” that his 2020 defeat was…
Analysis: Dollar’s surge spurs currency hedging by U.S. companies
By Saqib Iqbal Ahmed NEW YORK – U.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to multi-decade highs. The…
Texas Man Sentenced for Defrauding Cisco Systems and Other Companies Out of Over $1.9 Million in Computer Hardware and Electronics
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Vaugh Simon, 29, of Pearland, TX, was sentenced today to one year and three months in prison, and was ordered to pay…
Factbox-How companies account for remote work in their carbon footprints
By Paresh Dave (Reuters) – Reuters surveyed 20 large companies that both report their carbon footprints and embrace remote work about whether they estimate carbon emissions from employees’ home offices. Half of…
Canada in ‘active discussions’ with EV supply chain companies – minister
By Steve Scherer OTTAWA – Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government…
EU clears $11.6 billion German scheme for companies hit by Russia sanctions
BRUSSELS – EU competition regulators on Wednesday approved a 11-billion-euro ($11.58 billion) German scheme to help companies hit by sanctions against Russia, similar to those proposed recently by other EU governments. Under…
U.S. regulator asks companies about exposure to Russia’s invasion
By Ross Kerber (Reuters) – The top U.S. securities regulator on Tuesday told companies they may have to disclose the impact Russia’s invasion of Ukraine could have on their business, such as…
Factbox: Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24 have started to report associated losses. These are firms, listed…
U.S. shale companies top Wall Street estimates, focus on returns
By Liz Hampton and Arunima Kumar (Reuters) -U.S. shale producers Devon Energy, Diamondback Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production…
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