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...Its chief executive later explained the company had done so through “the ordinary course of its surety business and is acting as a neutral party”....
...Emily Kilcrease, a trade and sanctions expert at the CNAS think-tank, said the committee was “using its bully pulpit to turn up the political pressure on companies with significant operations or sales in...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...” for a valid surety in New York....
...Trump’s legal team said on Monday that the Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...A surety bond serves like a bank letter of credit. It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...Going by altitude alone is not the safest predictor of snow-surety, though. Climatic conditions can have a sizeable impact....
...As his New York trial got under way this week, Bankman-Fried filed a legal complaint against a unit of Chicago-based CNA, saying that the company had not paid out on directors and officers insurance intended...
...But the Trump Organization is a private company, and it is almost impossible to verify his claims....
...They said that in their efforts to secure the larger bond they had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...“For the American and European supply chains to be built, you need a surety built by the government,” said Matthew Ashley, senior cobalt trader at Traxys, a Luxembourg-based trading house....
...Unfortunately for Trump, it seems no lenders will provide him with the surety bond to cover his damages....
...Before New York attorney-general Letitia James more than halved the original bond, Trump’s lawyers said 30 surety companies refused to underwrite such a large amount....
...BUY: Centrica (CNA) Adjustments abound, but the underlying view is of peak conditions for the British Gas owner, writes Alex Hamer....
...lawyer for the attorney-general’s office, argued that the former president could piece together a series of smaller bonds, or use his real estate portfolio to secure bank credit that could then back a surety...
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
...In a recent report, Emily Kilcrease, a sanctions expert at the CNAS think-tank, said the scale and interconnected nature of China’s economy meant the negative impact of sanctions would “rebound globally...
...Using high quality bonds or securities as surety creates complicated linkages....
...That need for surety is bemusing some economists and investors....
...Though it has turnover of £1.2bn and more than 400 stores across the UK, the company has faced challenging cash conditions since last year....
...Beijing “realises that the private sector is getting quite nervous”, said Emily Kilcrease, a technology expert at the CNAS think-tank....
...With dividend yield now 10 per cent, the market is demanding more surety for risk....
...“It’s good for our companies” when Europe buys US weapons, he says, “but what does that mean for our larger interests” if the European defence landscape is weaker?...
...Emily Kilcrease, a technology expert at the CNAS think-tank, said it was a “good first step to de-risking” from China but would “leave many camps unhappy”....
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