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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”....
...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....
...“And yes, I look at 40 Wall Street each and every day.” Trump on Friday posted a surety bond to cover a separate $83mn judgment for defaming the writer E Jean Carroll....
...The company submitted its plan to the UK Office for Nuclear Regulation two years ago....
...But the Trump Organization is a private company, and it is almost impossible to verify his claims....
...The moves will allow users to access rival app stores and download apps from other sources, more easily access alternative payment systems, and cut fees for app developers....
...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....
...Evergrande and PwC have been investigated by Hong Kong’s audit regulator since 2021 over the developer’s 2020 accounts....
...The UAE’s state energy company has bought a 10.1 per cent stake in Storegga, the lead developer of the UK’s Acorn carbon capture project that is planned near Aberdeen....
...Named after a father and son duo who began running the company in 2001, Shimao had outlined a restructuring proposal in late March that included short-term and long-term notes, as well as convertible bonds...
...Mads Nipper, president and chief executive, said the moves were needed to make Ørsted a “leaner and more efficient company”....
...It’s simple and traditional. You don’t see couture shops like in Zermatt or Gstaad.” Going by altitude alone is not the safest predictor of snow-surety, though....
...and return on equity of developers....
...It said it expected the company’s “credit metrics, financial flexibility and liquidity buffer” to weaken over the next 12 to 18 months....
...The move means Evergrande’s Hong Kong operations and holdings are set to be disbanded and opens the door to legal suits against international businesses involved in the company, such as former auditor PwC...
...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...
...Barratt’s £2.5bn offer for Redrow is the first move to consolidate by two big national developers since the market soured, leaving housebuilders to cut costs and slow land buying as profits and output sank...
...Still, app developers and competitors of Apple think the amount is “a joke”. “Even if it was a few billion euros, it would still be laughable,” said an adviser to a large tech company....
...Historically, these large banks have been called on to bail out struggling companies during times of distress, such as through buying stakes in troubled local banks and offering more bailout loans to developers...
...“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....
...The struggles of both companies, once seen as among the most trusted real estate developers in China, highlights the impact of a two-and-a-half-year cash crunch that has weighed on construction and the wider...
...Embracer Group, the Tomb Raider developer that became Europe’s most valuable video games business after a rapid series of acquisitions, plans to split into three listed companies as it battles to regain...
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
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