Latest International investing News

Man, wife plead guilty to running Ponzi scheme

Nov. 18, 2019 5:07 PM EST

NEWARK, N.J. (AP) — A northern New Jersey couple has pleaded guilty to ripping off investors for more than $500,000 in a Ponzi scheme. Alcibiades Cifuentes and Jennifer Wee Cifuentes have admitted in federal court in Newark that they took money from about 25 people, purportedly to invest in the foreign...

Cyprus moves to strip 26 foreign investors of citizenship

Nov. 6, 2019 12:02 PM EST

NICOSIA, Cyprus (AP) — Cyprus is to set in motion procedures to strip 26 foreign investors of citizenship, the country's interior minister said Wednesday, amid questions over whether they should have been issued a Cypriot passport under a lucrative investment program. Constantinos Petrides said authorities...

Cyprus 'golden passports' to be revoked if wrongdoing found

Nov. 4, 2019 10:01 AM EST

NICOSIA, Cyprus (AP) — Cyprus' president pledged on Monday to revoke any of his island republic's passports found to have been "mistakenly" granted to wealthy overseas investors under a controversial cash-for-citizenship program. Nicos Anastasiades said errors may have been made in granting such so-called...

Saudi Arabia formally starts IPO of oil firm Saudi Aramco

Nov. 3, 2019 7:33 AM EST

DHAHRAN, Saudi Arabia (AP) — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom's crown jewels. An approval by Saudi Arabia's Capital...

Ukraine's plan to sell farmland raises fears of foreigners

Oct. 31, 2019 5:57 AM EDT

NEBELYTSIA, Ukraine (AP) — Most of Ukraine's rich farmland is carved up into small plots owned by about 7 million people, like Tetiana Petrovych, the postmistress in this village west of the capital. They own the land but can't sell it. Ukraine, which is one of the top grain exporters in the world and...

China promises no forced tech transfers, access to finance

Oct. 29, 2019 8:47 AM EDT

BEIJING (AP) — China on Tuesday promised more improvements in conditions for foreign companies including an end to officials pressing them to hand over technology — a key irritant in its tariff war with Washington. The announcement adds to a drumbeat of market-opening promises by the communist...

Cyprus: Investors being probed in golden passport scheme

Oct. 24, 2019 12:50 PM EDT

NICOSIA, Cyprus (AP) — Cyprus is checking whether foreign investors who were granted a so-called "golden passport" met the scheme's eligibility criteria, a Cypriot government official said Thursday. Government spokesman Prodromos Prodromou said investors could lose their Cypriot passport if the...

Receiver hopes to sell Jay Peak by summer of 2020

Oct. 18, 2019 2:49 PM EDT

MONTPELIER, Vt. (AP) — The federal receiver overseeing two Vermont ski resorts after their owner was accused of massive fraud said he hopes that he can sell the Jay Peak Resort by summer 2010 but that investors may incur a significant loss, according to a court filing this week. Michael Goldberg filed an...

Trump's sanctions won't bite a vulnerable Turkish economy

Oct. 15, 2019 2:31 PM EDT

FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse. President Donald Trump could take far tougher action that would deter foreign...

China announces timetable for opening finance industries

Oct. 11, 2019 7:51 AM EDT

BEIJING (AP) — China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual fund...