Federal regulators are calling for a “full and thorough review” of the proposed purchase of the largest port operator in the U.S. by a Canadian pension firm.
A U.S. House subcommittee has launched an investigation into Yellow Corp.’s $700 million CARES Act loan.
The Teamsters’ Central States Pension Fund could be saved through the COVID-19 relief package.
DeJoy affirms plenty of capacity for handling presidential election mail-in ballots.
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.
YRC’s $700 million loan from the Treasury Department raises concerns from industry experts about the survival of the company and whether the deal is worth it.
Trump signs bill carving out $60 billion in loans specifically for smaller community-based lenders.
Sector makes up 3% of $342 billion worth of COVID-19 payroll protection loans.
The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons List.
SITA committed 9,256 violations of the Global Terrorism Sanctions Regulations between 2013 and 2018 by providing services from and transiting through the U.S. to blacklisted Syrian and Iranian airlines.
Democratic Senators Charles Schumer and Sharrod Brown say sanctions should target not only the responsible Russian government agencies and officials, but President Vladimir Putin.
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to transport sanctioned Venezuelan oil.
President Trump directed the removal of sanctions against the Turkish defense and energy ministries on Oct. 23.
The Office of Foreign Assets Control added CONVIASA and its aircraft fleet to the Specially Designated Nationals and Blocked Persons List for supporting Maduro regime.
The Office of Foreign Assets Control said the action will block property of individuals helping to destabilize the West African country.
Chinese carrier’s formerly idled VLCCs return to a transport market already suffering from falling rates, Stifel Maritime analyst said.
The Swiss government will serve as the go-between to manage financial transactions involving medical and other exports to Iran and ensure Iranian sanctions are not violated.
Moscow-based Grand Service Express began offering service to the Russian-occupied Crimean Peninsula in December.
In return, the South American country wants the U.S. to recognize singani as its national alcoholic beverage in strengthening bilateral trade ties.
