Latest News for: Sovereign wealth

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PGA Tour fires back: TRO plaintiffs knew they would be suspended for joining LIV Golf

The Florida Times Union 09 Aug 2022
The suit is scheduled to be heard at 4 p.m. Tuesday in the U.S. District Court of Northern California ... Jude Championship in Memphis. . PGA Tour, LIV Golf lawyers are on the tee ... Report. U.S ... “For enormous sums of cash supplied by Saudi Arabia’s sovereign wealth fund, Plaintiffs willfully breached their agreements with the PGA Tour ... Email.
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PGA Tour says players knew consequences of joining LIV Golf

Rocky Mount Telegram 09 Aug 2022
The FedEx St ... Gooch (No ... “Despite knowing full well that they would breach TOUR Regulations and be suspended for doing so, Plaintiffs have joined competing golf league LIV Golf, which has paid them tens and hundreds of millions of dollars in guaranteed money supplied by Saudi Arabia’s sovereign wealth fund,” the tour said in its opposing motion ... ....
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PGA: Players knew consequences of joining LIV

The Times & Democrat 09 Aug 2022
The FedEx St ... The PGA Tour argued in its opposing motion, “Despite knowing full well that they would breach TOUR Regulations and be suspended for doing so, Plaintiffs have joined competing golf league LIV Golf, which has paid them tens and hundreds of millions of dollars in guaranteed money supplied by Saudi Arabia’s sovereign wealth fund.” ... ....
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Academia Sinica calls for central bank policy shift

Taipei Times 08 Aug 2022
The central bank should be more transparent in its interventions in the foreign exchange market, and lend support to the creation of a sovereign wealth fund using foreign exchange reserves, it said ... The bank said it is not against the creation of a sovereign wealth fund, but there ...
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PGA Tour accuses a number of LIV Golf rebels of 'fabricating an emergency'

RTE 08 Aug 2022
"Despite knowing full well that they would breach tour regulations and be suspended for doing so, plaintiffs have joined competing golf league LIV Golf, which has paid them tens and hundreds of millions of dollars in guaranteed money supplied by Saudi Arabia’s sovereign wealth fund to procure their breaches.
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PGA Tour accuses a number of LIV Golf rebels of ‘fabricating an emergency’ ahead of court hearing on rebel bans

Irish Independent 08 Aug 2022
"The players' participation in the LIV league is in violation of the PGA Tour's (handbook)."For enormous sums of cash supplied by Saudi Arabia's sovereign wealth fund, plaintiffs wilfully breached their agreements with the PGA Tour."The ...
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Carlyle, GIC invest in green ammonia developer Eneus Energy

Renewables Now 08 Aug 2022
US private equity firms Carlyle (NASDAQ.CG) and Singaporean sovereign wealth fund GIC have jointly invested in green ammonia project developer Eneus Energy in a deal that will support the latter in the development of its over-14-GW pipeline ... Join Renewables Now's free daily newsletter now! ....
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Wizz Air to resume flights from UAE to Russia in October

RTE 08 Aug 2022
Wizz Air Abu Dhabi is a joint venture between Abu Dhabi sovereign wealth fund ADQ and the European airline ... .
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Wizz Air set to resume flights from Abu Dhabi to Moscow

Gulf Daily News 08 Aug 2022
27 it had suspended all flights to Russia ... Wizz Air Abu Dhabi is a joint venture between Abu Dhabi sovereign wealth fund ADQ and the European airline ... .
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PGA Tour responds to lawsuit that would allow three LIV Golf players into FedEx Cup ...

Golf Week 08 Aug 2022
Despite knowing full well that they would breach Tour Regulations and be suspended for doing so, Plaintiffs have joined competing golf league LIV Golf, which has paid them tens and hundreds of millions of dollars in guaranteed money supplied by Saudi Arabia’s sovereign wealth fund to procure their breaches.
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PGA Tour accuses three LIV golfers of 'fabricating' emergency to compete in playoffs

The Times of India 08 Aug 2022
The PGA Tour issued a stern rebuke in a court filing on Monday to three suspended golfers seeking to compete in the , despite joining the circuit ... A hearing is set for Tuesday ... Last month the U.S ... "For enormous sums of cash supplied by Saudi Arabia’s sovereign wealth fund, plaintiffs willfully breached their agreements with the PGA Tour ... .
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PGA Tour files motion to keep LIV golfers out of playoffs

Maryville Daily Forum 08 Aug 2022
"Despite knowing full well that they would breach TOUR Regulations and be suspended for doing so, Plaintiffs have joined competing golf league LIV Golf, which has paid them tens and hundreds of millions of dollars in guaranteed money supplied by Saudi Arabia's sovereign wealth fund to procure their breaches," the motion said, per ESPN ... .
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Actis to buy 400MW solar assets from Atha Group for ₹2,100 cr | Mint

Live Mint 08 Aug 2022
NEW DELHI ... Atha’s solar assets’ enterprise value for the deal was around ₹2,100 crore ... Premium The investment strategy of Sanctum Wealth’s Shiv Gupta ... A consortium led by BlackRock, the world’s largest asset manager, and UAE sovereign wealth fund Mubadala Investment Co., has agreed to invest ₹4,000 crore for 10.53% stake in Tata Power Renewables ... .
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Billionaire Mukesh Ambani draws nil salary for second year in row

The Telegraph India 08 Aug 2022
In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil" ... While all independent directors got a Rs 2 crore commission, Yasir O Al-Rumayyan, Managing Director and a Board Member of PIF - the sovereign wealth fund of the Kingdom of Saudi Arabia, got Rs 1.40 crore ... .
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Mukesh Ambani draws nil salary for second year in row

The Times of India 08 Aug 2022
NEW DELHI ... In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil" ... While all independent directors got a Rs 2 crore commission, Yasir O Al-Rumayyan, managing director and a board member of PIF - the sovereign wealth fund of the Kingdom of Saudi Arabia, got Rs 1.40 crore ... .

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