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Ukrainian Foreign Minister: Using Russian assets to offset Ukraines additional defense costs is "fair and logical".Ukrainian Foreign Minister: We welcome the initiative proposed by four EU member states to reconsider the use of frozen Russian assets to support Ukraine.On August 28th, Lebanese media broadcast an interview with Rezaei, Secretary of Irans Supreme National Security Council, on the evening of the 27th. In the program, Rezaei stated that the US shift to economic pressure on Iran indicates that its military strikes have not achieved their intended effects. Rezaei stated that Iran considers Lebanons security to be part of the security of the entire West Asia region. Any agreement between Iran and the US would be conditional on a ceasefire in West Asia, including Lebanon, the withdrawal of Israeli troops from Lebanese territory, and an end to the Gaza conflict.August 28th - According to Irans Mehr News Agency, following the Qatari Prime Ministers visit to Tehran today, Iranian Foreign Minister Araghchi posted a message stating, "The United States must understand a simple fact: pressure will not work." Araghchi stated, "We had constructive and creative talks with the Qatari Prime Minister and Foreign Minister in Tehran. Getting diplomacy back on track is not impossible. It depends on whether the United States understands a simple fact: pressure will not work. The United States must build trust, speak with respect, acknowledge our rights, and fulfill its commitments."Iranian Foreign Minister: I had a “creative discussion” with the Prime Minister of Qatar.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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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.

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