• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 14th, a political funds income and expenditure report revealed that at least five branches of the Liberal Democratic Party (LDP) in Mie, Osaka, Yamaguchi, Nagasaki, and Kagoshima prefectures used political funds to pay for entertainment venues such as bars and nightclubs. In 2023, these expenditures totaled approximately 1.11 million yen (about 50,000 yuan). According to regulations, LDP branches are not required to record single political fund expenditures of less than 50,000 yen (about 2,264 yuan), suggesting the actual amount of political funds involved in the alleged misuse may be higher. In response to the allegations, the Osaka branch claimed the expenditures were "intended to create a smooth communication environment." The Mie and Nagasaki branches stated they would strengthen their management.On December 14th, the U.S. Department of Defense announced that two U.S. Army soldiers and one civilian translator were killed and three others wounded in an attack in Syria on December 13th. The Department of Defense stated that the attack was carried out by militants from the extremist group ISIS, and the attackers were killed. In response, U.S. President Trump stated that retaliatory action would be taken. Also on December 13th, Nourdin Baba, a spokesman for the Syrian transitional governments Interior Ministry, said that the gunman who attacked a joint Syrian-U.S. patrol in Homs province in central Syria was a Syrian security officer who may have held extremist views.On December 14th, local time, Ukrainian President Volodymyr Zelenskyy stated that Ukraine is preparing for meetings with the United States and European allies in the coming days. He will travel to Berlin to meet with US and European representatives to discuss "building the foundations of peace." Zelenskyy stated that this series of consultations is "decisive" for Ukraine, and that Ukraines core objective is "to achieve a decent and just peace." Earlier that day, Germany announced that it would host a US and Ukrainian delegation on the 14th to hold talks on issues such as the Russia-Ukraine ceasefire and to prepare for the summit of European leaders, including Zelenskyy, to be held in Berlin on the 15th. According to previous reports, US Presidential Envoy Witkov and former White House senior advisor Jared Kushner have already departed for Germany to meet with Zelenskyy and other European leaders.On December 14th, Hungarian Prime Minister Viktor Orbán stated on the 13th that if the EU were to utilize frozen Russian assets, it would trigger serious problems. Orbán explained that, firstly, such a move would erode public trust in European trustees; secondly, the Russian central bank has filed a lawsuit against the European Clearing Bank (ECB), which holds a large amount of frozen Russian assets, potentially putting the ECB under pressure to repay its debts. Furthermore, given the enormous sums involved, the economy of Belgium, where the ECB is located, could face collapse.The Ukrainian POW Reconciliation Center reports that Belarus has transferred 114 civilians to Ukraine, including Ukrainian and Belarusian citizens.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

13.png


Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.