AdobeStock / NongAsimo The new capital gains inclusion rate requires mutual funds to make an important choice. Mutual fund trusts and corporations — including ETFs — can flow out their capital gains to fund holders, and this year they must decide how to do so. The fund industry “was largely expecting this type of election … Read more
Every profession has its own distinct lexicon, or language, which mitigates any potential misunderstandings.Furthermore, it serves as a barrier to entry and maintains remuneration in line with the level of difficulty inherent in onboarding.Corporate tax exemplifies such a community. Today, we are going to delve into one of its niche domains: investment funds and their … Read more
– Everton’s takeover agreement with prospective owner 777 Partners has expired.
– 777 Partners failed to complete the acquisition of Farhad Moshiri’s majority stake by the deadline.
– The deal was delayed as 777 Partners struggled to meet the necessary conditions outlined by the Premier League.
– Everton is now free to talk to other interested investors.
– Crystal Palace co-owner John Textor is considering Everton as an opportunity for investment.
Authorities are close to completing an investigation into how Malaysian fugitive Jho Low obtained Cypriot citizenship in 2015. Low, wanted for allegedly embezzling billions from Malaysia’s 1MDB fund, acquired a Cypriot passport through the country’s citizenship by investment program. The investigation involves an international arrest warrant and the potential confiscation of a villa Low purchased in Ayia Napa. Despite initial delays, Low’s citizenship was revoked in May 2023, leading to an appeal filed with the Supreme Court. Low denies wrongdoing and his whereabouts are unknown.
Total assets of investment funds in Cyprus increased by approximately €293 million in March 2024, reaching €6.78 billion.
Oaktree Capital Management has taken ownership of Italian soccer champions Inter Milan after a missed payment from the club’s Chinese majority shareholder. The loan granted by Oaktree in 2021 gave them the potential right to take control of the club in case of a default. Oaktree is committed to working with Inter Milan’s current management team and partners. Suning, the Chinese shareholder, had to get an emergency financing package from Oaktree due to financial difficulties. Inter Chairman Steven Zhang warned fans about the club’s stability being at risk. Oaktree’s move is similar to Elliott Management’s takeover of AC Milan in 2018 after a missed payment by the Chinese businessman.
Jurors could be seated as soon as Wednesday to determine whether Democratic U.S. Senator Robert Menendez of New Jersey broke the law in a bribery scheme involving Egypt’s and Qatar’s governments.
The judge overseeing U.S. Senator Robert Menendez’s corruption trial struggled to find impartial jurors due to bias towards law enforcement and cooperating government witnesses.
Jury selection began in the corruption trial of U.S. Senator Robert Menendez, who faces 16 criminal charges including bribery, fraud, obstruction, and acting as a foreign agent.
Saudi Arabia’s real gross domestic product (GDP) decreased 1.8 per cent year-on-year in the first quarter due to a decline in oil activities.