USA: Financial regulator looks at business loans from Jared Kushner's family

The Financial Services Regulator of New York (DFS) has asked three banks for information on loans related to the real estate business of the family of Jared Kushner, the son-in-law of President Donald Trump was learned Wednesday, February 28 from a source close to the file. DFS boss Maria Vullo sent letters last week to Deutsche Bank, Signature Bank and New York Community Bank, asking for details of the various loans or financial arrangements made or requested by Kushner, the company said. source to AFP

She gave them until March 5 to respond. The DFS services refused to comment on this information, as did Deutsche Bank, which granted millions of dollars in loans to the Kushners.

"We have not received a copy of any letter from the Financial Services Regulator. New York State, "a spokesman for Kushner Companies told AFP. He added: "Our company is a multi-billion dollar company and extremely financially sound.Before the voluntary resignation of our CEO ( Jared Kushner ) to serve our country, we never had received such a request.This type of request appears as harassment for political reasons. "

On Wednesday evening, the New York Times stated that Kushner Companies had received large loans from the Apollo Global Management Fund. and Citigroup Bank, after Jared Kushner received representatives of the two American groups in the White House.

Jared Kushner reportedly met with Joshua Harris, one of the founders of Apollo, several times in 2017 and He reportedly spoke with him about a post at the White House, which he never got off the hook, according to the newspaper that quotes several anonymous sources. In November 2017, the fund would have authorized a loan of $ 184 million to Kushner Companies, "one of the largest received last year," says the New York Times.

The son-in-law of the president would also have met the Citigroup CEO Michael Corbat in the spring of 2017 shortly before Kushner Companies receives another $ 325 million loan.

In the spotlight

Jared Kushner, Ivanka Trump's husband , has become a pillar of the White House since the arrival of his father-in-law to the presidency of the United States. A graduate of Harvard and New York University in law, he took the reins of the family business before announcing in January 2017, just before his appointment as top advisor to the new US president, that he was retiring

While Jared Kushner voluntarily left high-level positions in more than 200 entities related to his family's real estate empire, he retains shares in most of these companies, likely to earn income, according to documents released by the White House in April 2017. This is not the first time that Kushner, which owns real estate assets in the states of New York and New Jersey, among others,

In May 2017, she apologized for mentioning Jared Kushner during a presentation of one of her projects to Chinese investors, in a possible sprain conflict of interest rules.

Various US regulators, including the New York State Attorney, have recently requested information from the Kushner family and their business partners, according to the US press. At the end of December, federal prosecutors in Brooklyn, New York, asked Deutsche Bank for information on the former headquarters of the New York Times acquired in 2015 for $ 296 million by the Kushner following a line of credit granted by the bank. According to the New York Times,

Requests from regulators to institutions doing business with the Kushner are independent of the investigation by the Special Prosecutor Robert Mueller into Russian interference in the 2016 US election. December financial documents to Deutsche Bank on his business relations with Donald Trump's family empire.

(With AFP)

Mozambique Denies Jump Business with North Korea

Mozambique denies allegations that the country continues to conduct business with North Korea, an act which if proven to be a violation of UN sanctions.

A report published by CNN this month mentions North Korea has signed a multi-million dollar contract in Mozambique, channeling funds to diplomatic channels in Mozambique and exploiting the benefits derived from fishing vessels off the coast of Mozambique to finance its nuclear program.

Mozambique's Deputy Minister for Affairs and Foreign Affairs Maria Manuela Lucas denied his government made a deal with North Korea that violates sanctions. He even said his country was willing to accept overseas supervision.

He also said his government cooperated with private companies in Mozambique to remind them not to violate sanctions and possibly shut down illegal business operations.

CNN Report also said North Korea provided military training for Mozambican elite troops and technical assistance for its military,

A previous UN report accused North Korea and Mozambique of having a military partnership worth at least $ 6 million. [ab/uh]

Increasingly, China's Invasion of Hollywood Cinema Business

Later Hollywood can no longer boast films such as Mission Impossible and Terminator with its new versions especially as American works. Because the Chinese Internet giant "Tencent" has bought some shares of "Skydance Media", the company that produced the films.

It is not yet clear how the transaction process. But the Los Angeles Times reported that "Tencent" spent more than $ 100 million to buy five to 10 percent of Skydance.

To be sure, with this deal, "Tencent" will co-finance the production of films "Skydance" and "Skydance" will enjoy the benefits of distribution and marketing of their films in the world's second largest movie market.

Founded in 2010, "Skydance" has produced 15 films, generally collaborating with "Paramount Pictures" including the Star Trek franchise film. In the next two years, the company will release a sequel to the films Mission: Impossible, Terminator, and Top Gun .

"Tencent" is one of the most profitable companies in the world . Its main advantages come from the unusually popular 19459007 "Honor of Kings" and "WeChat" the most popular social media app in China that has almost a billion customers.

Last year "Tencent" even entered an exclusive club of companies with a stock market value of more than 500 billion dollars.

The deal with "Skydance" is not the first time "Tencent" marks the movie world. Last year, "Tencent" invested in blockbuster Hollywood, "Kong: Skull Island" and was in charge of online cinema ticket sales services in China.

According to the partnership agreement with "Skydance", "Tencent" has the opportunity to collaborate in other media in America, including television, interactive and virtual reality.

"Tencent" is not the first Chinese company to expand its business into the American film industry . The Chinese conglomerate Dalian Wanda, through the Wanda Group, bought some of Legendary Entertainment's 19459007 Jurassic World and the 19199007 Batman and US cinema AMC's cinema. 19659002] Will "Tencent" succeed in realizing his ambition? May be. But the Chinese government opposes the move. Recently Beijing issued a warning against the irrational investment of Chinese companies abroad, especially in the cinema industry.

The deal between Chinese company Huahua Media and US Paramount Hollywood corporation worth $ 1 billion last November was canceled as a result from tightening Chinese government investment regulations. [ab/uh]


Pentagon No Limit Information Release on Coalition Business in Afghanistan

The Pentagon says it does not intend to limit the release of vital information about American Enterprises and the coalition in Afghanistan, which blames "human error in labeling."

The main American Superintendent for US business in Afghanistan issued its quarterly report to Congress on Tuesday , who strongly criticized military officials for censoring information on the number of areas under government or under insurgent groups such as the Taliban

"This development is troubling for some reason, at least, that this is the first time, the office of the Inspector General specifically instructed not to release information marked 'unclassified' to American taxpayers, "said John Sopko, Special Inspector General for Reconstruction of Afghanistan, also known as Sigar.

But officials in Operation Resolute Support, led by NATO, give advice and "It is not the Purpose of Resolute Support Operations to withhold or classify the information available in previous reports," Captain Tom Gresback's Resolute Support spokesman said in a statement.


The Canadian-US-Mexican Business Group is Optimistic for NAFTA Breakthroughs

Business leaders on Friday expressed their optimism though cautiously, for a breakthrough in North American Free Trade negotiations.

Canadian, US and Mexican negotiators gather in Montreal for the sixth important round of talks , to overhaul the 1994 NAFTA pact, which was threatened by US President Donald Trump's abolition.

"I am optimistic," said Perrin Beatty, president of the Canadian Chamber of Commerce. "If we compare our current position with a few weeks ago, there seems to be some incremental step forward, that's positive," he said, noting that no proposal so far was directly "rejected."

"If there is a political will to make it happen, it is very likely, it can be done, "Beatty concluded.

Chairman of the US-Canadian Business Council, Maryscott Greenwood, based in Washington, agrees with that view and says:" Major policy makers in America now realize how important this is and they pay attention .

He noted, a congressional delegation of the United States for the first time to visit Montreal to participate in NAFTA negotiations.

"These congressmen are beginning to realize that this is not only important for Canada and Mexico, but also important for districts and their own states, and this is a very good development, "he said.

The round of talks in Montreal will end Art n by holding a joint press conference by Canadian Foreign Minister Chrystia Freeland, Mexican Economy Minister, Ildefonso Guajardo and US Trade Representative Robert Lighthizer. [ps/jm]