Author: Press Room
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© Reuters. Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released November 20, 2023. Houthi Military Media/Handout via REUTERS By Jonathan Saul LONDON (Reuters) – War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday. The incidents are the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian Islamist group Hamas broke out on Oct.…
Nuveen Select Maturities Municipal Fund declares $0.026 dividend
The Supreme Court held its first day of oral arguments in a major bankruptcy case regarding an opioid crisis settlement for Purdue Pharma, the manufacturer of OxyContin.Justices questioned lawyers for roughly two hours regarding the deal, which would see Purdue release $6 billion to victims of the drug crisis while also granting immunity to the Sackler family, the company’s owners. The deal, initially approved by a New York court in May, ran into a roadblock when the U.S. Trustee Program, a division of the DOJ, requested a review by the Supreme Court. The program argued that Purdue was abusing the bankruptcy…
An ex-US diplomat has been federally charged over allegations he worked as a secret agent for Cuba.Federal prosecutors allege that Victor Rocha served as a spy for more than 40 years. Feds allege that Rocha even bragged about his work for Cuba as “more than a grand slam.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A former United States diplomat has been arrested on federal charges over accusations that he worked as a secret agent for Cuba for more than 40 years, the Department of…
Charitable giving is a powerful way for high-net-worth individuals to give back. It is a purposeful and powerful activity that provides a unique opportunity to make a lasting, positive impact on society. Beyond the intrinsic satisfaction of giving, philanthropists who possess significant wealth to sew back into the lives of their fellow humans can also enjoy notable benefits. These include nitty-gritty elements, such as substantial tax breaks, as well as the personal fulfillment that comes from contributing to communal betterment and building a legacy of giving back. If you’re a high-net-worth philanthropist, exciting times are ahead. But you want to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Qatar’s sovereign wealth fund is slashing its stake in Barclays, the UK lender whose shares are down more than 12 per cent this year.Qatar Holding, a subsidiary of the Qatar Investment Authority, was Barclays’ second-biggest shareholder, according to Bloomberg data.The fund launched the sale of almost 362mn shares, worth about £510mn, on Monday afternoon.The bank’s chief executive, CS Venkatakrishnan, is under pressure to win round investors to a strategic overhaul he is planning to reveal next spring.The QIA helped bail out Barclays…
© Reuters. FILE PHOTO: Brazil’s central bank Governor Roberto Campos Neto, speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023. REUTERS/Brendan McDermid/File Photo BRASILIA (Reuters) – Brazil’s central bank chief, Roberto Campos Neto, said on Monday that the bank successfully overcame some challenges to its autonomy posed by the new administration of President Luiz Inacio Lula da Silva, despite what he termed some “noises” in the past year. Speaking at an institutional event, he said the central bank managed to maintain decisions based on technical guidelines throughout this new government in which, for…
© Reuters. FILE PHOTO: A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Picture taken January 30, 2020. REUTERS/Steve Marcus By Ernest Scheyder ALEXANDRIA, Louisiana (Reuters) -Start-up tech firms are racing to transform the way rare earths are refined for the clean energy transition, a push aimed at turbocharging the West’s expansion into the niche sector that underpins billions of electronic devices. The existing standard to refine these strategic minerals, known as solvent extraction, is an expensive and dirty process that China has spent the…
© Reuters. FILE PHOTO: Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, U.S. August 17, 2022. REUTERS/Nathan Frandino//File Photo By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Monday said it has been overwhelmed by applications for bonus clean energy tax credits in low-income communities, with officials estimating the energy generated by the proposed wind and solar projects would surpass this year’s targeted allocation by more than four times. THE TAKE: Clean energy tax credits in President Joe Biden’s 2022 Inflation Reduction Act were designed to offer a 10-20%…