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...The group comprises more than 1,000 corporate entities. Signa Development alone sits on top of more than 250 of them....
...which owns stakes in Selfridges and the Chrysler building, the group has fractured after its collapse with creditors and shareholders vying over collateral and liabilities across a network of more than 1,000...
...According to figures in the regulatory memo, A-Cap investments in 777-related entities were $1.8bn over the threshold at the end of 2023....
...Wirecard’s administrator Michael Jaffé, who late last year filed a lawsuit of €1.5bn in damages against EY, is also highly concerned about the move and is evaluating legal steps against the reshuffle, according...
...But David Masondo, South Africa’s deputy finance minister and chair of the Public Investment Corporation, which owns 8.4 per cent of Anglo, said the state-owned entity had yet to take a position based on...
...Shares in energy unit GE Vernova fell 1.4 per cent on Tuesday, as it traded separately from its “parent”....
...Concerns over the breakaway region, which is host to a large ammunition depot and about 1,600 Russian troops, have ticked up this week....
...Spinneys, the high-end grocer that operates the Waitrose brand in the Gulf, rose as much as 10 per cent on its first day of trading on Thursday — the latest major private company to go public in Dubai and...
...The veteran producer said that one in 10 shows were complete write-offs and one in five only recouped 10-75 per cent....
...While BBVA could purchase Sabadell without government approval, it would be unable to merge the two entities unless ministers allowed it....
...The Singaporean tycoon will be sentenced in October and faces a maximum 10-year jail sentence for each of the three charges....
...US authorities have sanctioned 10 operatives, members and facilitators linked to Hamas in an effort to crack down on sources of funding supporting the Palestinian militant group amid the escalating conflict...
...In case of breaches of EU anti-money laundering rules, it will be able to impose fines of up to 10 per cent of the supervised entity’s annual turnover in the previous year....
...Equities in the rest of Asia were more muted, with the Topix shedding 1.2 per cent amid continuing volatility in the Japanese currency....
...Financial Credit Investment 1, the entity Apollo refers to in its above statement, is part of what the complaint calls the FCI suite of funds: Despite its purported corporate legitimacy, FCI and the various...
...But high leverage, complex cross-shareholdings between a network of more than 1,000 corporate entities and the regular shifting of cash balances around the group mean more than 70 per cent of Signa’s debt...
...Since its creation in 2016, the enforcement body has “rarely resorted to monetary penalties”, having imposed just nine fines across all sanctions regimes following 1,200 suspected breaches....
...How are you communicating with the entities? What expectations do you as a large shareholder have for that entity?”...
...The Bank of Japan decided on Tuesday to allow yields on the 10-year Japanese government bond to rise above 1 per cent, revising its yield curve controls for the second time in three months....
...Settlements with the US Treasury for sanction breaches hit a record high of $1.5bn in 2023, notes Vincent Gaudel, financial crime compliance expert at LexisNexis Risk Solutions....
...BMS uses WuXi Biologics to produce some ingredients in Revlimid, which generated $1.4bn in the first quarter despite coming off patent in 2022....
...Entities controlled by Reliance, the Indian conglomerate run by billionaire Mukesh Ambani, will invest $1.4bn and take a 63 per cent stake in the new company, while Disney will hold 37 per cent....
...One quirk though: net income soared to $1.2bn from a loss of $79mn a year ago....
...Group losses widened to £10.6mn during the 12 months to March 2023 compared with a £10.2mn loss in 2022, although revenues have jumped by more than a fifth to £142.6mn in the latest financial year....
...The company noted that nearly 10 per cent of European ETF launches last year were actively managed....
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