New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
Sri Lanka govt panel says international financial assistance needed
By Uditha Jayasinghe COLOMBO – A Sri Lanka government-appointed committee on Monday said the crisis-hit country’s central bank and finance ministry must form a team to seek urgent international financial assistance as…
Apollo Infrastructure fund buys 49% stake in Spain’s Primafrio
By Andres Gonzalez and Isla Binnie MADRID – Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake in Spanish road freight operator Primafrio, the…
Turkish finance minister says rise in energy prices accelerating inflation
ISTANBUL – Turkish Finance Minister Nureddin Nebati said on Saturday the global rise in energy prices was accelerating inflation in the country, but Ankara would continue working to lower it, adding that…
Wary of Western sanctions, Turkey’s banks resist Russian customers -sources
By Ebru Tuncay and Orhan Coskun ISTANBUL -Russians newly arrived in Turkey are struggling to make deposits and transfers at banks that are taking a careful and sceptical approach for fear of…
ADB to help Indonesia raise funding for new $32 billion capital city
JAKARTA – The Asian Development Bank (ADB) will assist in Indonesia’s planned $32 billion capital city relocation by mobilising financing and assessing the project’s environmental and social impacts, the Manila-based lender said…
China’s land sales plunged in Jan-Feb though easing measures
BEIJING – China’s land sales revenue slumped from a year earlier, official data for January-February showed on Friday, pointing to continued weakness in the country’s huge property market, a major economic growth…
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding it could…
U.S. imposes sanctions over illicit exports of gold from Congo
WASHINGTON -The United States on Thursday imposed sanctions on Belgian businessman Alain Goetz and a network of companies tied to him that it accused of being involved in the illicit movement of…
Hong Kong’s first SPAC listing sees Aquila shares slip
By Donny Kwok and Scott Murdoch HONG KONG – Aquila Acquisition Corp shares slipped on Friday in the first special purpose acquisition company (SPAC) listing in Hong Kong as the city’s bourse…
Former CEO of Santa Clarita Valley Financial Services Company Sentenced to Nearly 3 Years in Prison for $2.3 Million Ponzi Scheme
LOS ANGELES – The former CEO of a Valencia-based financial services company was sentenced today to 33 months in federal prison for helping to run a Ponzi scheme that defrauded dozens…
CEO of Local Financial Firm Sentenced in Multi-Million Dollar Securities and Tax Fraud Scheme; Forfeits Millions
Assistant U.S. Attorney Carl F. Brooker, IV (619) 546-7994 NEWS RELEASE SUMMARY – March 17, 2022 SAN DIEGO – David John Nava of La Jolla was sentenced in federal court today to…
‘Sustainable’ funds are no more green than traditional products, study finds
LONDON – Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as traditional funds, according to a new study…
Sri Lanka signs $1 billion credit line with India
COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential items, including fuel, food and medicine, officials…
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…
Column-To neutral … and beyond! U.S. rate outlook rises after Fed liftoff: McGeever
By Jamie McGeever ORLANDO, Fla. – U.S. interest rates are on a far steeper and faster climb than previously anticipated following the Federal Reserve’s liftoff on Wednesday, bringing to an end zero-interest-rate…
Former General Counsel And Chief Business Officer For Financial Technology Company Sentenced To More Than Three Years In Prison For Embezzlement Scheme
SAN FRANCISCO—Brooke Campbell Solis was sentenced to 37 months in prison and ordered to pay $500,000 in restitution for wire fraud charges levied in connection with a scheme to embezzle funds from…
Immunic, Inc. Announces Promotion of Glenn Whaley, CPA to Chief Financial Officer
NEW YORK, March 16, 2022 — Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, today announced that Glenn Whaley,…
Pentagon to request fewer Lockheed F-35 warplanes in next budget – report
-The Pentagon will request 61 F-35 stealth warplanes from Lockheed Martin Corp in its next budget, 33 fewer than previously planned, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-03-16/lockheed-s-tardy-f-35-is-hit-with-a-35-cut-in-2023-u-s-budget on Wednesday, citing people familiar with the…
Analysis-Russian airlines face safety countdown to secure parts
By Jamie Freed, Allison Lampert and Tim Hepher – Russian airlines have weeks to orchestrate alternative supplies of banned aircraft parts or start grounding jets to avoid safety concerns as Western sanctions…
Italy needs at least 3 years to replace Russian gas imports, minister says
ROME -Italy will need at least three years to completely replace its gas imports from Russia with other energy sources, Ecological Transition Minister Roberto Cingolani said on Wednesday. Rome imports around 30…
Russia’s central bank does not need to print money, Putin says
– Russia’s central bank does not need to print money and the country has enough financial resources to fight current challenges, President Vladimir Putin said on Wednesday. “Our economy and business have…
World Bank says Ukraine war may prompt grain shortages in poor countries
By David Lawder WASHINGTON -The World Bank on Wednesday said a number of developing countries face near-term wheat supply shortages due to their high dependence on Ukrainian wheat exports that have been…
Canada’s inflation rate surges to a fresh 30-year high
By Julie Gordon and Ismail Shakil -Canada’s annual inflation rate accelerated in February to hit a fresh 30-year high, with broad price gains hitting consumers on all fronts, data showed on Wednesday,…
Walmart plans to hire over 50,000 U.S. workers in Q1
-Walmart Inc said on Wednesday it plans to hire more than 50,000 workers in the United States in the first quarter, as the U.S. retailer looks to bolster its fulfillment centers and…
Volkswagen keeps Changchun factory shut on Thursday, Shanghai to reopen
BERLIN -Volkswagen Group China said on Wednesday it would as a precautionary measure pause production for another day in Changchun due to COVID cases, but would resume production in Shanghai on Thursday…
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