Author: Press Room
The UK has cracked down on several financial fixers supporting Russian oligarchs such as Roman Abramovich and Alisher Usmanov, the government revealed in a statement.The latest sanctions, unveiled on Wednesday, target “those who have knowingly assisted sanctioned Russia oligarchs to hide their assets in complex financial networks” and include Cypriots Demetris Ioannides and Christodoulos Vassiliades.Ioannides was responsible for crafting offshore structures that Abramovich used to hide more than £760mn assets before he was sanctioned in the wake of Russia’s invasion of Ukraine, the statement said. Vassiliades was “at the centre of a web” of trusts and offshore companies that linked…
As the Supreme Court prepares for yet another controversial abortion case to come its way, the justices will pore over District Court Judge Matthew Kacsmaryk’s ruling last week to block the government’s approval of the key medication abortion drug at issue. Here are five issues that could attract the attention of the high court: Court watchers like to jump right to the heart of a dispute to consider “the merits” of a particular controversy. Judges do not. Their first step is always to determine whether a case is properly before the court. Is it a true “case or controversy” as…
As the three-ring circus of rising interest rates, inflation, and bank failures plays out, investors may be searching for opportunities that are less exposed to the performance of the overall economy. Corporate spinoffs and separations are worthy of consideration. Some recent spins have been notable successes. Shares of General Electric (ticker: GE) and the recently spun off GE HealthCare Technologies (GEHC) are up 44% and 38%, respectively, year to date. Investors who bought GE stock 12 months ago are up more than 70% on their holdings. The S&P 500 and Dow Jones Industrial Average are down about 9% and 3%…
Geopolitical tensions played a role in Warren Buffett’s decision to cut Berkshire Hathaway’s stake in Taiwan Semiconductor Manufacturing Co., the legendary investor said in an interview. Berkshire Hathaway BRK.B cut its stake in the microchip maker by nearly $4 billion in the fourth quarter. China considers Taiwan a renegade province and reportedly has simulated strikes during drills, following the visit by Taiwan’s president Tsai Ing-win to the U.S. and Central America. Buffett… Read the full article here
This is reprinted by permission from . For the past few years, the out-of-pocket costs for attending a public four-year college have decreased and minimum wages have risen in many states. While you might think these shifts should make it easier for students to work their way through college, it would still take a herculean effort — adding a full-time job (or more) — to a full-time courseload. Assuming… Read the full article here
China’s consumer inflation eased to its lowest level in more than a year in March, as prices for both food and non-food products retreated. The consumer-price index rose 0.7% on year in March compared with February’s 1.0% increase, the National Bureau of Statistics said Tuesday. That marked the lowest reading since September 2021 and undershot… Read the full article here
© Reuters. FILE PHOTO: A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid WASHINGTON (Reuters) -The U.S. Federal Trade Commission opened a new front in its fight against the Intercontinental Exchange (NYSE:) deal to buy Black Knight (NYSE:) by asking a federal court for a preliminary injunction to halt the deal while its internal administrative process moves forward. The agency on March 9 said it would seek to stop New York Stock Exchange parent Intercontinental Exchange from acquiring mortgage data vendor…
By Ambar Warrick Investing.com — Oil prices moved little in early Asian trade on Wednesday, sticking to near one-month highs as markets awaited fresh cues from U.S. inflation data due later in the day, with focus also turning to a potential build in U.S. crude inventories. Crude prices rallied on Tuesday amid growing hopes that the U.S. Federal Reserve will taper its hawkish stance, while a recent supply cut by the Organization of Petroleum Exporting Countries and allies (OPEC+) continued to provide support. Data from the showed that U.S. oil inventories unexpectedly grew by about 300,000 barrels in the week…
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, as traders cautiously await the release of the latest U.S. inflation data which could influence future Federal Reserve monetary policy. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 101.700. rose 0.2% to 1.0930 and traded 0.1% higher at 1.2431 in tight trading ranges. The main focus Wednesday will be the March U.S. CPI, as traders try to work out the U.S. central bank’s next move. The general perception is that the…
By Anna-Catherine Brigida and Walter Bianchi BUENOS AIRES (Reuters) – Argentina has patched up its wobbly economy with a so-called “soy dollar” preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily. The measures, which kicked in fully on Monday, give soy exporters a better exchange rate than the controlled official one, aiming to spur exports of some $15 billion of soy in the second and third quarters of the year to refill depleted reserves. “The ‘farm dollar’ will not create extra foreign currency, but…
