A Hollywood producer’s stunning Southampton manse was completely destroyed in a blaze early Friday, officials said. The inferno broke out just before 12:24 a.m. at the Long Island estate of Oren Aviv, who has produced such flicks as “National Treasure,” authorities said. The blaze was under control within 30 minutes — but the “house was…
DetailsCredit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies who deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former UK prime minister…
DetailsA British businessman accused of conspiring to violate U.S. sanctions placed on Russian oligarch Oleg Deripaska will fight extradition from Britain at a hearing in May, his lawyers told a London court on Monday. Graham Bonham-Carter is said by federal prosecutors in Manhattan to have worked for entities controlled by Deripaska, the billionaire founder of…
DetailsLifezone Metals, which plans to mine nickel in Tanzania with a low carbon footprint, will list in New York in a deal with blank-check acquisition firm GoGreen Investments , the companies said on Tuesday. Lifezone Metals, valued by the special purpose acquisition company (SPAC) deal at around $1 billion, owns the Kabanga Nickel mine and…
DetailsDanske Bank (DANSKE.CO) pleaded guilty to bank fraud conspiracy on Tuesday and agreed to forfeit $2 billion as part of an agreement with the United States to settle a long-running investigation involving billions of dollars in illicit payments. The accord with the Justice Department marks the first time the United States has taken action against…
DetailsIt was one of the final decisions Trump officials made before leaving office. On January 15, 2021, the Treasury Department eased sanctions on Israeli billionaire Dan Gertler, temporarily restoring his access to a web of companies and frozen bank accounts that U.S. officials say he used to bilk more than $1.3 billion in mining revenues…
DetailsRio Tinto has completed its acquisition of Turquoise Hill Resources Ltd for a consideration of approximately $3.1 billion, simplifying the ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto’s copper portfolio, and demonstrating its long-term commitment to the project and Mongolia. Rio Tinto now holds a 66% direct interest in the…
DetailsMacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has pledged to give her money to charity “until the safe is empty.” That’s good news for a number of radical left-wing organizations. The billionaire divorcée this week detailed $14 billion in donations she has given to more than 1,600 nonprofit groups since 2019. The giveaway…
DetailsTurkey arrested 44 people on Wednesday for what officials claimed was their involvement with Mossad, the Israeli intelligence service, Turkish media reported. Those arrested appear to be largely Turkish citizens, and the group includes several private detectives, as well as the director of a private detective firm named Ismail Yetimoglu. No Israelis were arrested. According…
DetailsThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But in contrast you can make much more than 100% if the company does well. For instance the Glencore plc (LON:GLEN) share price is 124% higher than it was three years ago. That sort of return…
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