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Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers

September 26, 2022September 26, 2022
Philippines to shut 175 offshore gambling firms, deport 40,000 chinese workers - photo licensed by shore news network.

MANILA (Reuters) – The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on …

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UAE firms resisting pay-rise demands as inflation climbs, survey shows

September 26, 2022
Uae firms resisting pay-rise demands as inflation climbs, survey shows - photo licensed by shore news network.

DUBAI (Reuters) – Companies in the United Arab Emirates are largely resisting demands for higher pay to offset the impact of inflation, according to a …

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Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firm’s Massive Financial Losses

September 21, 2022
Arcadia man charged with securities fraud for stealing client funds and concealing his investment firm’s massive financial losses - photo licensed by shore news network.

          LOS ANGELES – A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television …

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China to extend tax relief for small firms, support equipment upgrades

September 14, 2022

BEIJING (Reuters) -China will extend tax relief for some small firms, including manufacturers, and offer low-cost loans to support equipment upgrades by companies, state media …

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Author Scrutinizing Law Firm’s 2020 Election Probe Once Published Electors’ Contact Information

September 13, 2022

Author Scrutinizing Law Firm’s 2020 Election Probe Once Published Electors’ Contact Information Trevor Schakohl on September 13, 2022 An author who once published contact information …

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U.S. Treasury Russian oil price cap guidance gives safe harbor to maritime service firms

September 9, 2022
U. S. Treasury russian oil price cap guidance gives safe harbor to maritime service firms - photo licensed by shore news network.

By David Lawder and Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury on Friday issued new guidance on a proposed Western price cap on Russian …

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EY’s Greater China member firms say they won’t take part in firm’s global break-up

September 8, 2022
Ey's greater china member firms say they won't take part in firm's global break-up - photo licensed by shore news network.

HONG KONG (Reuters) – Member firms of Ernst & Young (EY) in the Greater China region will not participate in a global plan by the …

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U.S. targets firms over Iranian drone production, shipment to Russia

September 8, 2022

WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on an Iranian company it accused of coordinating military flights to transport Iranian drones to Russia …

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China state firms takeover Evergrande’s $1.1 billion holding in Shengjing Bank

September 7, 2022
China state firms takeover evergrande's $1. 1 billion holding in shengjing bank - photo licensed by shore news network.

HONG KONG (Reuters) – State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group’s shareholding in Shengjing Bank in an auction for …

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Business travel budgets rising as firms use 2019 as spending benchmark -CWT

September 6, 2022
Business travel budgets rising as firms use 2019 as spending benchmark -cwt - photo licensed by shore news network.

By Jamie Freed SYDNEY (Reuters) – Business travel budgets are poised to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite …

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Oil firms seek U.S. mediation to defuse Iraq-Kurdistan tensions

September 1, 2022
Oil firms seek u. S. Mediation to defuse iraq-kurdistan tensions - photo licensed by shore news network.

By Rowena Edwards (Reuters) – Oil firms operating in Kurdistan have asked the United States to help defuse an upsurge in tension between Iraq’s central …

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One in five Czech firms look to cut jobs amid high energy prices – survey

August 31, 2022

PRAGUE (Reuters) – Almost one in five Czech companies will look at cutting staff this year as they struggle with rising costs and high energy …

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As natural gas prices jump, shale oil firms get gassy

August 31, 2022
As natural gas prices jump, shale oil firms get gassy - photo licensed by shore news network.

By Liz Hampton (Reuters) – Natural gas a few years ago was so unwanted that U.S. shale oil producers sold it at cost just to …

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Exclusive-JD.com, Yum China among Chinese firms chosen for U.S. audit inspection -sources

August 31, 2022
Exclusive-jd. Com, yum china among chinese firms chosen for u. S. Audit inspection -sources - photo licensed by shore news network.

By Julie Zhu HONG KONG (Reuters) – U.S. regulators have chosen e-commerce major JD.com Inc and KFC operator Yum China Holdings Inc among other U.S.-listed …

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U.S. firms rethink China investment on COVID concerns-business group survey

August 29, 2022
U. S. Firms rethink china investment on covid concerns-business group survey - photo licensed by shore news network.

WASHINGTON (Reuters) – Strict COVID-19 control measures in China have overtaken sour U.S.-China relations as the top concern of U.S. companies in the country, a …

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India’s digital lending rules spark disruption, firms plan pushback

August 26, 2022
India's digital lending rules spark disruption, firms plan pushback - photo licensed by shore news network.

By Nupur Anand and Aditya Kalra MUMBAI (Reuters) – India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan …

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China to take steps needed to protect Chinese firms following U.S. export control list

August 25, 2022
China to take steps needed to protect chinese firms following u. S. Export control list - photo licensed by shore news network.

BEIJING (Reuters) – China’s commerce ministry said on Thursday it will take the measures needed to protect the legitimate rights of Chinese companies after the …

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U.S. works with firms in supply chains to ease port congestion

August 10, 2022
U. S. Works with firms in supply chains to ease port congestion - photo licensed by shore news network.

By David Shepardson WASHINGTON – The U.S. Transportation Department (USDOT) said on Wednesday a supply chain pilot data-sharing project aimed at easing bottlenecks at congested …

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U.S. targets Chinese, UAE firms in new Iran oil sanctions

August 2, 2022
U. S. Targets chinese, uae firms in new iran oil sanctions - photo licensed by shore news network.

By Daphne Psaledakis and Arshad Mohammed WASHINGTON -The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens …

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Asian firms’ capex to shrink in 2023, first since ’15 – data

July 28, 2022

By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian companies will slow investment sharply this year, deterred by soaring interest rates and fears of deepening …

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German firms weigh options to save gas, warn may need to cut output

July 26, 2022
German firms weigh options to save gas, warn may need to cut output - photo licensed by shore news network.

By Victoria Waldersee and Riham Alkousaa BERLIN – German firms are attempting to reduce gas use in response to a government plea to spare reserves, …

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Quarter of firms reach Lloyd’s of London 35% target for women leaders

July 25, 2022
Quarter of firms reach lloyd's of london 35% target for women leaders - photo licensed by shore news network.

LONDON – A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders to be women, …

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France urges more inflation relief from firms making big profits on energy crisis

July 21, 2022
France urges more inflation relief from firms making big profits on energy crisis - photo licensed by shore news network.

PARIS – The French government on Thursday urged companies whose profits have surged during the inflation crisis to do more to help households cope as …

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Big UK firms gird for a recession but still plan to invest-Deloitte

July 19, 2022
Big uk firms gird for a recession but still plan to invest-deloitte - photo licensed by shore news network.

LONDON – Major British firms are preparing for a recession by focusing on cost-cutting but their investment plans remain strong which suggests they do not …

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Japan govt to support trading firms’ stakes in Sakhalin-2- sources

July 16, 2022
Japan govt to support trading firms' stakes in sakhalin-2- sources - photo licensed by shore news network.

By Yoshifumi Takemoto, Ritsuko Shimizu and Miho Uranaka TOKYO – The Japanese government plans to support Mitsui & Co and Mitsubishi Corp in their attempts …

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More Japan firms to pass on costs of rising commodity prices, weak yen- Reuters poll

July 13, 2022
More japan firms to pass on costs of rising commodity prices, weak yen- reuters poll - photo licensed by shore news network.

By Tetsushi Kajimoto TOKYO – Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, …

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Russia gives exiting firms time by pausing asset seizure law

July 12, 2022
Russia gives exiting firms time by pausing asset seizure law - photo licensed by shore news network.

MOSCOW – Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through …

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Asian firms may struggle to refinance dollar debt, ratio suggests

July 11, 2022
Asian firms may struggle to refinance dollar debt, ratio suggests - photo licensed by shore news network.

By Patturaja Murugaboopathy (Reuters) – Asian companies are likely to find it harder to refinance dollar-denominated debt, the decline in a key metric suggests, with …

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Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms

July 7, 2022
Turkey's banking watchdog eases regulations on lira loans to fx-rich firms - photo licensed by shore news network.

ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published …

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Apple to release new ‘Lockdown Mode’ as it battles spyware firms

July 6, 2022
Apple to release new 'lockdown mode' as it battles spyware firms - photo licensed by shore news network.

By Stephen Nellis (Reuters) – Apple Inc on Wednesday said it plans to release a new feature called “Lockdown Mode” this fall that aims to …

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ECB to revamp corporate debt holdings to favour greener firms

July 4, 2022
Ecb to revamp corporate debt holdings to favour greener firms - photo licensed by shore news network.

FRANKFURT – The European Central Bank plans to gradually revamp its 344 billion euro ($358 billion) corporate debt portfolio to favour greener firms, it said …

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Nervous staff and no bankers: Western firms struggle to exit Russia

July 3, 2022
Nervous staff and no bankers: western firms struggle to exit russia - photo licensed by shore news network.

By Essi Lehto and Anne Kauranen HELSINKI – For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s …

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Another inflation record firms case for bigger ECB rate hikes

July 1, 2022
Another inflation record firms case for bigger ecb rate hikes - photo licensed by shore news network.

FRANKFURT – Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming …

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Australia job vacancies surge as firms struggle to find staff

June 29, 2022
Australia job vacancies surge as firms struggle to find staff - photo licensed by shore news network.

SYDNEY – Job vacancies in Australia surged to all-time highs in the May quarter as firms struggled to find staff amid a tightening labour market, …

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Mining firms poised to lead capital raisings in Canada, TSX CEO says

June 27, 2022
Mining firms poised to lead capital raisings in canada, tsx ceo says - photo licensed by shore news network.

By Divya Rajagopal TORONTO – Mining companies seeking to accelerate exploration of scarce critical minerals are set to lead capital raisings in Canada this year, …

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Turkey halts lending to FX-rich firms in latest clampdown

June 24, 2022

ISTANBUL -Turkey on Friday restricted lending to many companies with more than $1 million in foreign currency cash, the latest step to reverse a tumbling …

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McElroy Deutsch Adds Two Highly Respected Hartford Attorneys to the Firm’s Growing Appellate Practice

June 24, 2022
Mcelroy deutsch adds two highly respected hartford attorneys to the firm's growing appellate practice - photo licensed by shore news network.

Wesley W. Horton and Karen L. Dowd Have Joined Firm’s Hartford-Based New England Office MORRISTOWN, N.J., June 24, 2022 — McElroy, Deutsch, Mulvaney & Carpenter, …

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Russian rouble firms to 7-year high past 53 vs dollar in Moscow trade

June 22, 2022June 22, 2022
Russian rouble firms to 7-year high past 53 vs dollar in moscow trade - photo licensed by shore news network.

MOSCOW – The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable …

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European food delivery firms face forecast cuts as inflation surges, says J.P. Morgan

June 20, 2022
European food delivery firms face forecast cuts as inflation surges, says j. P. Morgan - photo licensed by shore news network.

(Reuters) – European food delivery companies will be forced to slash their forecasts in the second half of the year as record-high inflation and rising …

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Exclusive: China firms in advanced talks with Qatar for gas field stakes, LNG offtake – sources

June 17, 2022
Exclusive: china firms in advanced talks with qatar for gas field stakes, lng offtake - sources - photo licensed by shore news network.

By Chen Aizhu SINGAPORE – China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the …

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Analysis-Golden age of buses? Buyers hop on UK transport firms

June 15, 2022
Analysis-golden age of buses? Buyers hop on uk transport firms - photo licensed by shore news network.

By Yadarisa Shabong LONDON – Private capital has a keen eye on British bus companies. Low valuations, hopes that travellers will ditch cars, and government …

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U.S. financial firms push back on SEC bid to rein-in blank check company deals

June 14, 2022
U. S. Financial firms push back on sec bid to rein-in blank check company deals - photo licensed by shore news network.

By Katanga Johnson WASHINGTON – U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in …

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Nearly half of Japan firms see weak yen as bad for business – survey

June 14, 2022
Nearly half of japan firms see weak yen as bad for business - survey - photo licensed by shore news network.

TOKYO – Nearly half of Japanese companies see the weak yen as bad for their business, a private survey showed on Tuesday, suggesting the currency’s …

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Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt

June 10, 2022
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt - photo licensed by shore news network.

By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state …

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U.S. Senate likely to pass bill to bar tech firms’ favoring themselves in searches

June 8, 2022
U. S. Senate likely to pass bill to bar tech firms' favoring themselves in searches - photo licensed by shore news network.

By Diane Bartz WASHINGTON – U.S. Senator Amy Klobuchar and lawmakers from both parties said on Wednesday they had the Senate votes needed to pass …

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Rouble firms past 60 vs dollar despite eased capital controls

June 8, 2022
Rouble firms past 60 vs dollar despite eased capital controls - photo licensed by shore news network.

(Reuters) – The Russian rouble climbed on Wednesday, firming past 60 per dollar, despite Russia’s decision to ease some capital controls and expectations of an …

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Tech firms request inclusion on Russia’s domestic software list -RBC

June 8, 2022
Tech firms request inclusion on russia's domestic software list -rbc - photo licensed by shore news network.

(Reuters) – Russian online lender Tinkoff and e-commerce firm Ozon are among a handful of companies with some foreign ownership seeking government approval to participate …

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Trading firms Citadel Securities, Virtu building crypto-trading ecosystem- source

June 7, 2022
Trading firms citadel securities, virtu building crypto-trading ecosystem- source - photo licensed by shore news network.

NEW YORK – Trading firms Citadel Securities and Virtu Financial Inc are collaborating on a cryptocurrency trading “eco-system” that will enable retail brokerages to offer …

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Germany plans 5 billion-euro aid package for energy-intensive firms

June 3, 2022
Germany plans 5 billion-euro aid package for energy-intensive firms - photo licensed by shore news network.

BERLIN – The German government is planning to support energy-intensive companies with a 5 billion-euro aid package, a German Economy Ministry spokesperson said on Friday. …

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Tech firms say India cyber rules risk creating ‘environment of fear’

June 3, 2022
Tech firms say india cyber rules risk creating 'environment of fear' - photo licensed by shore news network.

By Munsif Vengattil NEW DELHI – Indian cybersecurity rules due to come into force later this month will create an “environment of fear rather than …

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