Latest International investing News

Cyprus to revoke 'golden passports' granted to 45 people

Oct. 15, 2021 11:19 AM EDT

NICOSIA, Cyprus (AP) — Cyprus' government has started procedures to revoke citizenship granted to 39 foreign nationals and six of their family members under the east Mediterranean island nation’s canceled investment-for-passports program, an official said Friday. The...

EXPLAINER: Why World Bank is under fire over set of rankings

Sep. 17, 2021 20:13 PM EDT

WASHINGTON (AP) — Under fire for allegations that it bowed to pressure from China and other governments, the World Bank has dropped a popular report that ranked countries by how welcoming they are to businesses. The report is important to many companies and investors...

Proceeds from Quiros' settlement aim to help Newport recover

Sep. 10, 2021 11:17 AM EDT

NEWPORT, Vt. (AP) — Proceeds from a Vermont settlement with a former ski resort owner — who was accused of massive fraud involving foreign investors’ money in area developments — are being used to help the city of Newport recover from the failed projects, officials said. ...

Leading Minnesota race horse owners accused in Ponzi scheme

Sep. 01, 2021 18:10 PM EDT

MINNEAPOLIS (AP) — A Minnesota couple whose race horses have been among the most successful at Canterbury Park over the years is accused of defrauding 200 investors of nearly $18 million in an investment scam. The U.S. Securities and Exchange Commission alleges that...

Former ski resort exec pleads guilty to 1 charge, 9 dropped

Aug. 13, 2021 18:58 PM EDT

BURLINGTON, Vt. (AP) — A former Vermont ski resort president pleaded guilty Friday to providing false documents during a failed plan to build a biotechnology plant in Newport using tens of millions of dollars in foreign investors' money. In exchange for the guilty plea...

Former ski resort president reaches plea deal in fraud cause

Aug. 11, 2021 16:06 PM EDT

A former Vermont ski resort president has reached a plea deal over a failed plan to build a biotechnology plant in Newport using tens of millions of dollars in foreign investors' money. William Stenger, the former president of Jay Peak Resort, has agreed to plead guilty...

India voids law that sought billions in retrospective taxes

Aug. 10, 2021 03:57 AM EDT

NEW DELHI (AP) — India’s government is repealing a controversial tax law under which it pursued billions of dollars from international companies for their past dealings and hopes that scrapping the retrospective levy boosts investor confidence. The bill approved in...

Russian court hands suspended sentence to US investor

Aug. 06, 2021 16:51 PM EDT

MOSCOW (AP) — A court in Moscow convicted a prominent U.S. investor on charges of embezzlement and handed him a suspended sentence on Friday, a verdict he deplored as “deeply unfair.” Michael Calvey was accused of embezzlement from the Russian bank Vostochny, in...