List of All Articles with Tag 'rl'

Hong Kong’s billionaire Cheng family has assumed control of a casino resort in Vietnam from the former listed

An FBI document released Thursday as evidence of bribes paid by Ukrainian businessmen to President Joe Biden and

A federal judge denied a request by the US Virgin Islands to block JPMorgan Chase & Co. from

US Central Intelligence Agency Director William Burns said Thursday that he remains optimistic Ukraine will be able to

The Securities and Exchange Commission announced Thursday that it settled with the blank-check company seeking to merge with former President Donald Trump's media company.

Japan’s consumer prices advanced at a faster clip in June in another indication of lingering stickiness in inflation

At a talk with university students last month, Taiwan opposition candidate Hou Yu-ih was pushed to define a

Bankrupt FTX Trading Ltd. will try to claw back millions of dollars in cash and unwind more than

Alameda Research’s former Co-Chief Executive Officer Caroline Ellison estimated there was a more than $10 billion cash deficit

President Xi Jinping’s attack on China’s after-school tutoring industry was meant to ease the burden on households. But

The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported. The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded. DWAC had misled both the SEC and investors when it failed to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG. Special purpose acquisition companies are meant to identify and acquire operating businesses. But the SEC said in the forms DWAC filed to support its IPO in September 2021, neither it nor its officers had said it had discussions with any target companies before its IPO. But the SEC’s order found that the person who would become DWAC’s chief executive and board chairman, along with other people, had extensive special purpose acquisition company meetings with Mr Trump’s company, and that the executive had pursued talks with TMTG for another special purpose acquisition company he created. In turn, the SEC called DWAC’s Form S-1 false and misleading. “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman,” Gurbir S Grewal, the director of the SEC’s enforcement division. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” The SEC said that DWAC violated antifraud provisons of security laws. It had previously announced that it would pay an $18m settlement in the event it closes a merger transaction and it would sign a cease and desist order. Last month, federal authorities arrested Michael Shvartsman, Gerald Shvartsman and Bruce Garelick and the three were named in an unsealed federal indictment. The all pleaded not guilty to insider dealing at a court in New York City this month. Read More Truth Social’s merger partner reaches $18m settlement with SEC

Blackstone Inc. sees opportunities to build out private credit offerings for high net worth investors in Japan after