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Brazil court orders seizure of Olympic broadcaster's assets

A Brazilian court has ordered the seizure of goods and assets belonging to the broadcast-arm of the International Olympic Committee.

Brazil court orders seizure of Olympic broadcaster's assets
Australia's Westfield offloads five US malls

Australian shopping centre giant Westfield Corp. said Monday it has offloaded five US malls for US$1.1 billion to divest non-core assets.

Australia's Westfield offloads five US malls
©REUTERS
Bonds of 22 companies held by Single Pension Fund of Kazakhstan depreciate four-fold

Securities of 22 companies held by the Single Pension Fund of Kazakhstan now cost four times less then their nominal value.

Bonds of 22 companies held by Single Pension Fund of Kazakhstan depreciate four-fold
©Turar Kazangapov
Samruk Kazyna total assets should reach $200bln: Nazarbayev

President Nursultan Nazarbayev said that tranformation of Samruk Kazyna National Welfare Fund had to involve doubling of its total assets.

Samruk Kazyna total assets should reach $200bln: Nazarbayev
Mukhtar Ablyazov ©Yaroslav Radlovsky
Ablyazov's hidden assets to be revealed

London’s High Court has granted the motion of Kazakhstan's BTA Bank and ordered Mukhtar Ablyazov's lawyers to disclose information about the billionaire's assets.

Ablyazov's hidden assets to be revealed
Photo courtesy of decanter.com
Australia's Treasury Wines rejects $2.85 bn takeover offer

Australia's Treasury Wine Estates on Tuesday revealed it received a Aus$3.05 billion (US$2.85 billion) takeover bid from US private equity firm Kohlberg Kravis Roberts (KKR) and rejected it as too low.

Australia's Treasury Wines rejects $2.85 bn takeover offer
DBS buys Societe Generale's Asian private banking business
DBS buys Societe Generale's Asian private banking business

Singapore's DBS Bank said Monday it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth $220 million, boosting its access to the region's super rich.

DBS buys Societe Generale's Asian private banking business
EU freezes assets of Ukraine's ousted leader and 17 others
EU freezes assets of Ukraine's ousted leader and 17 others

The European Union on Thursday froze assets held in the 28-nation bloc by 18 Ukrainians accused of embezzlement, including ousted Moscow-backed president Viktor Yanukovych.

EU freezes assets of Ukraine's ousted leader and 17 others
Mukhtar Ablyazov. ©Yaroslav Radlovsky
Hong Kong freezes assets of Ablyazov's affiliates

Hong Kong Court has ruled to freeze assets of companies that are believes to be owned by the fugitive ex-head Kazakhstan banker Mukhtar Ablyazov.

Hong Kong freezes assets of Ablyazov's affiliates
Hong Kong tycoon Li Ka-shing. Oli Scarff/Pool
Li's Power Assets to spin off HK unit

Li Ka-shing, Asia's richest man, is to spin off his electricity assets in Hong Kong through an initial public offering worth up to HK$27.9 billion ($3.6 billion) and will sell a large chunk to a Chinese state-owned power company.

Li's Power Assets to spin off HK unit
U.S. Supreme Court. ©Reuters/Jonathan Ernst
US urges Supreme Court to review Argentina debt case

The US government has urged the Supreme Court to intervene in Argentina's fight over paying up on its defaulted debt, saying a lower court ruling against the country was wrong.

US urges Supreme Court to review Argentina debt case
©Reuters/Steve Marcus
Brazil freezes assets tied to Alstom, Siemens price-fixing claims

Brazilian judges have frozen assets worth $26 million involved in an alleged cartel suspected of price-rigging during bidding for Sao Paulo's metro rail systems.

Brazil freezes assets tied to Alstom, Siemens price-fixing claims
Photo courtesy of newskaz.ru
Assets of the National Oil Fund to exceed $122 billion by 2016

A transfer of $980.3 million will be made in 2014 out of the National Oil Fund to finance prep works for EXPO-2017 to be held in Astana.

Assets of the National Oil Fund to exceed $122 billion by 2016
Congressman Darrell Issa. ©REUTERS/Jose Luis Magana
Richest member of US Congress worth at least $355 mn

Republican Darrell Issa of California was 2012's richest member of Congress, worth at least $355 million.

Richest member of US Congress worth at least $355 mn
Baglan Zhunussov. Photo coutresy of kig.com.ua
Kazakhstan paper producer Kagazy freezes former managers' assets

Assets of two former heads of Kazakhstan Kagazy have been frozen around the world under the company’s request.

Kazakhstan paper producer Kagazy freezes former managers' assets
Obama extends economic sanctions linked to Hezbollah
Obama extends economic sanctions linked to Hezbollah

President Barack Obama announced Monday he had extended for at least a year the US freeze on financial assets of entities linked to Hezbollah, citing a threat to Lebanon's stability.

Obama extends economic sanctions linked to Hezbollah
Egypt freezes assets of 14 top Islamists
Egypt freezes assets of 14 top Islamists

Egypt's public prosecutor ordered the freezing of assets belonging to 14 top Islamists, as the US dispatched its first senior official to Cairo since president Mohamed Morsi's ouster.

Egypt freezes assets of 14 top Islamists
©REUTERS
BHP sells US copper assets for $650 million

Global mining titan BHP Billiton on Monday announced the sale of its Pinto Valley mining operation and rail assets in the United States to Capstone Mining Corp for US$650 million.

BHP sells US copper assets for $650 million
KazMunaiGas headquarters in Astana. Photo by Danial Okassov©
KMG is selling out its assets and facilities

KazMunaiGas National Company will sell around 20 non-core assets and 349 non-core facilities within several years.

KMG is selling out its assets and facilities
©REUTERS
BHP sells diamond assets for $500 million

The world's largest miner BHP Billiton on Wednesday said it was exiting the diamond industry, selling its Canadian assets to retailer Harry Winston Diamond Corp. for US$500 million.

BHP sells diamond assets for $500 million