Continuing - Shore News Network

Cash funds continuing to attract inflows, set for record year – BofA

ReutersNovember 10, 20230

LONDON (Reuters) – Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds course for record inflows this year, according to Bank of America and data provider EPFR. BofA’s weekly ‘Flow Show’ report showed cash funds attracted $77.7 billion of inflows in the week to Nov. 8, putting them on track to see around $1.4 trillion of inflows in 2023. Bond funds attracted inflows of $11.2 billion, BofA said, the largest weekly inflow in four months, after the Federal Reserve held interest rates steady and had signalled

China’s debt relief to poor countries slows amid continuing appeals for support

ReutersJune 29, 20230

By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferrals despite China backing multilateral efforts to standardise support for poor countries. As the world’s largest bilateral creditor, China is central to talks on making tangible progress in providing debt relief to emerging and frontier markets through the Group of 20-led “Common Framework” as well as the World Bank and International Monetary Fund (IMF). New sovereign debt negotiations and zero-interest loan write-offs involving Chinese creditors totalled $19

JPMorgan sees yuan weakness continuing, possibility of “circuit breaker”

ReutersJune 27, 20230

LONDON (Reuters) – Wall Street bank JPMorgan said on Tuesday it was staying “bearish” on China’s yuan despite its recent slide and that the country’s central bank could look to step in to prevent the move accelerating. “As spot currency weakness and depreciation expectations tend to be self-reinforcing, the People’s Bank of China might find it necessary to introduce some circuit breaker, with stronger fixings (the central bank’s official daily FX rate) a preemptive move to prevent currency weakness going non-linear,” JPMorgan’s analysts said in a research note. The yuan rallied on Tuesday after the central bank set its daily

NYPD continuing search for suspect who robbed cab driver at gunpoint

Adam DevineApril 13, 20230

NEW YORK, NY – The NYPD is asking for the public’s help in locating a group of unidentified individuals involved in the armed robbery of a 35-year-old cab driver on March 27, 2023. The incident occurred at approximately 12:05 AM in front of 65-23 183 Street, within the 107 Precinct. The cab driver had been called to the location for a pickup. Upon arrival, he was approached by a group of males who forcibly removed him from the vehicle and fled in the stolen vehicle in an unknown direction. The victim, who was not injured during the robbery, immediately reported

Crate looking forward to continuing Ducey’s success as Brick Township mayor

Phil StiltonMarch 19, 20230

BRICK TOWNSHIP, NJ – Lisa Crate, the newly sworn-in mayor of Brick Township acknowledged she has big shoes to fill when it comes to replacing longtime mayor John Ducey. Ducey resigned this week after being chosen to be a state judge by Governor Phil Murphy. Crate was sworn in as mayor of Brick Township at Tuesday’sTown Council Meeting. She was selected by the Township Council to serve. “I know I have large shoes to fill. I would like the people of Brick Township to know that I am fully committed to continuing the work that was started by our previous

Ex-Mexican Secretary of Public Security Genaro Garcia Luna Convicted of Engaging in a Continuing Criminal Enterprise and Taking Millions in Cash Bribes from the Sinaloa Cartel

DOJ PressFebruary 22, 20230

Genaro Garcia Luna, the former Secretary of Public Security in Mexico from 2006 to 2012, was convicted today by a federal jury in Brooklyn of all five counts of a superseding indictment charging him with engaging in a continuing criminal enterprise that includes six drug-related violations, international cocaine distribution conspiracy, conspiracy to distribute and possess with intent to distribute cocaine, conspiracy to import cocaine, and making false statements. The verdict followed a four-week trial before United States District Judge Brian M. Cogan. When sentenced, Luna faces a mandatory minimum sentence of 20 years’ imprisonment and a maximum of life in

Falling online prices point to U.S. goods deflation continuing

ReutersFebruary 9, 20230

By Howard Schneider WASHINGTON (Reuters) – Prices for online goods in the United States fell 1% in January compared to the year before, the fifth consecutive monthly drop, according to new data that offered evidence of the momentum Federal Reserve officials see lowering overall inflation. Adobe’s Digital Price Index (DPI), structured around the same categories of goods in the U.S. Labor Department’s Consumer Price Index (CPI), rose on a month-to-month basis from December to January as a result of steep holiday discounting. But the year-over-year price drops for goods have been helping pull overall inflation measures lower, the data compiled

Former Leader of the Violent “Clan del Golfo” Drug Trafficking Organization Pleads Guilty to Engaging in a Continuing Criminal Enterprise and Other Related Charges

DOJ PressJanuary 26, 20230

Dairo Antonio Úsuga David, known by various aliases, including “Otoniel,” pleaded guilty today to running a continuing criminal enterprise—the Colombian paramilitary and multibillion dollar drug organization known as the “Clan del Golfo” (CDG). Úsuga David also pleaded guilty to related drug distribution charges. When sentenced, Úsuga David will face a mandatory minimum term of 20 years in prison and up to life in prison. As part of the plea agreement, Úsuga David also agreed to pay a $216 million forfeiture money judgment. The proceeding was held before United States District Judge Dora L. Irizarry. Úsuga David was charged by way

Busing Of Illegal Migrants Is Continuing Under Newly-Elected Dem Gov. Katie Hobbs, Local Official Says

The Daily CallerJanuary 18, 20230

Busing Of Illegal Migrants Is Continuing Under Newly-Elected Dem Gov. Katie Hobbs, Local Official Says Jennie Taer on January 17, 2023 Arizona is continuing to bus illegal migrants to Washington, D.C. under Democratic Gov. Katie Hobbs, Yuma County Supervisor Jonathan Lines told the Daily Caller News Foundation Tuesday. Former Republican Arizona Gov. Doug Ducey began the busing effort in anticipation of a surge in illegal migration when the Biden administration attempted to end Title 42, a Trump-era public health expulsion order, May 23. Before she was sworn in Jan. 2, Hobbs criticized Ducey’s busing effort, which she’s vowed to end,

Ghana says debt exchange talks with local pension funds continuing

ReutersJanuary 11, 20230

ACCRA (Reuters) – Ghana’s finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be made public once an agreement on the details is reached. Ghana’s government, in a bid to mitigate an ongoing economic crisis, has negotiated a staff-level agreement for a $3 billion loan package from the International Monetary Fund (IMF). The deal will only be approved by the IMF board if Ghana undergoes comprehensive debt restructuring, the fund has said. In early December, the finance ministry launched a plan to exchange local

Top U.S. Democrats cite possible continuing resolution to fund government

ReutersNovember 29, 20220

WASHINGTON (Reuters) – U.S. congressional leaders agreed to seek a long-term government funding bill rather than stop gap measure, but may need to seek a year-long continuing resolution bill, the Democratic leaders of the U.S. House and Senate said on Tuesday following a White House meeting. U.S. House Speaker Nancy Pelosi and U.S. Senate Majority Leader Chuck Schumer told reporters their meeting with fellow Democrat President Joe Biden and Republican congressional leaders over government funding was productive. (Reporting by Steve Holland and Christopher Gallagher; writing by Susan Heavey)

Biden says U.S. Q3 growth shows economic recovery ‘continuing to power forward’

ReutersOctober 27, 20220

WASHINGTON (Reuters) – President Joe Biden said on Thursday that a U.S. economic growth rebound in the third quarter was evidence an economic recovery “is continuing to power forward,” and said his administration needed to do more to bring prices down for consumers. “My administration has passed laws that will bring down prescription drug prices and health insurance premiums starting next year. We must do more,” Biden said in a statement. (Reporting by Katharine Jackson and Rami Ayyub; Editing by Doina Chiacu)

Mexican President says Bayer interested in continuing to invest in country

ReutersAugust 9, 20220

MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Tuesday that the chief executive of German diversified group Bayer Werner Baumann said the firm is interested in continuing to invest in Mexico in pharmaceuticals and food supplies. “They have a lot of confidence in our country,” Lopez Obrador said on Twitter after meeting with Baumann. (Reporting by Kylie Madry; Editing Anthony Esposito)

Kingpin and All Members of Birmingham-Based Continuing Criminal Enterprise Convicted of Conspiracy to Distribute Methamphetamine, Heroin, Fentanyl, and Cocaine Conspiracy

DOJ PressApril 20, 20220

BIRMINGHAM – A federal jury on Monday convicted a Bessemer man charged under the “Kingpin” statute, and three other defendants, on charges of operating a continuing criminal enterprise involved in the large-scale distribution of illegal drugs, announced U.S. Attorney Prim F. Escalona, Federal Bureau of Investigation Special Agent in Charge Johnnie Sharp, Jr., and Internal Revenue Service Criminal Investigation (IRS-CI) Atlanta Field Office Special Agent in Charge James E. Dorsey. After a week-long trial before United States District Court Judge Annmarie C. Axon a jury convicted Rolando Antuain Williamson, also known as “Baldhead” and “Ball Head,” 37, of Bessemer, Alabama,

Court Permanently Enjoins Three Vietnamese Residents from Continuing to Operate a Pandemic-Related Fraud Scheme

Press ReleaseDecember 16, 20210

Tampa, FL – A federal court in Florida permanently enjoined on Friday three residents of Vietnam from operating a pandemic-related scam that targeted American consumers, the Department of Justice announced. In a complaint filed in August 2020 in the U.S. District Court for the Middle District of Florida, the government alleged that Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in a wire fraud scheme designed to profit from the COVID-19 pandemic. According to the complaint, the defendants operated more than 300 websites that fraudulently purported to sell products in the United States that became scarce during the

FedEx Predicts Record Holiday Delivery Season Amid Continuing Labor And Supply Chain Concerns

The Daily CallerDecember 6, 20210

FedEx predicted that Monday will be a record day for deliveries for the 2021 holiday season, company executives told CNBC. “We’ve seen a lot of people actually starting their Christmas shopping in the month of October, which is fundamentally different than we have seen traditionally in the past,” FedEx vice president of global e-commerce Ryan Kelly told CNBC. “What you see is a lot of messaging about shop and ship early, pulling sales forward, pulling promotions forward. A lot of retailers have really leaned into that this year,” Kelly said. FedEx delivered roughly 96% of its packages on time during

Church’s Texas Chicken Continuing Long-standing Commitment In Canada, Plans To Open 40 More Restaurants in 2022

Breaking Local News ReportNovember 4, 20210

Atlanta, GA – Church’s Texas Chicken, one of the largest quick-service restaurant chicken chains in the world, continues to grow its presence in one of its strongest markets, Canada. The global chicken brand is on track to open 20 new restaurants in Canada in 2021 and plans to open 40 additional restaurants in 2022. Canada ranks as one of the Top 3 markets for Church’s Texas Chicken and is the longest served market for the company outside of the United States. “We entered Canada in 1978, and our commitment to the market has proven to be fruitful,” said Brian Gies,

Colombian Drug Kingpin and Paramilitary Leader Pleads Guilty to Operating a Continuing Criminal Enterprise and Conspiring to Provide Material Support to a Foreign Terrorist Organization

DOJ PressNovember 3, 20210

Earlier today, in federal court in Brooklyn, Daniel Rendon Herrera, also known as “Don Mario,” a citizen of Colombia, pleaded guilty to engaging in a continuing criminal enterprise and conspiring to provide material support to a designated foreign terrorist organization. The proceeding took place before United States District Judge Dora L. Irizarry. When sentenced, Rendon Herrera faces a mandatory minimum sentence of 20 years in prison and up to life imprisonment, as well as forfeiture in excess of $45 million and a fine of up to $2.25 million. Breon Peace, United States Attorney for the Eastern District of New York;

Attorney General James Shuts Down Virtual Currency Trading Platform and Stops Cryptocurrency CEO From Continuing Fraudulent Conduct

Breaking Local News ReportSeptember 14, 20210

Coinseed Put Thousands of Investors’ Money at Risk Despite Ongoing Lawsuit NEW YORK – New York Attorney General Letitia James today secured a judgment against the virtual currency trading platform Coinseed, as well as founder and Chief Executive Officer (CEO) Delgerdalai Davaasambuu, that permanently halts their illegal and fraudulent operations and puts in place a permanent receiver to protect investors’ funds. The receiver has also taken control of the company’s website so that it may no longer be used as part of the defendants’ fraudulent schemes. Additionally, the court awarded a $3 million judgment against the defendants. In February, Attorney General