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Bloomberg
2 hours ago
- Bloomberg
Blackstone Kicks In $1 Billion to Create F&G Reinsurance Pool
By and Dawn Lim Save Blackstone Inc. is creating a $1 billion reinsurance vehicle that will assume some of the risk on the books of F&G Annuities & Life Inc. The deal, backed by Blackstone funds, will allow the insurer to share the risk tied to future fixed-indexed annuities it will sell to customers, Des Moines, Iowa-based F&G said in a statement Wednesday. Reinsurance deals typically allow insurers to reduce their capital requirements.


Miami Herald
4 hours ago
- Miami Herald
Visitors to the U.S. on business and tourist visas may have to pay $15,000 bonds
Some international visitors to the United States might be required to pay up to $15,000 deposits as part of a new visa bond pilot program announced by the State Department this week in a document published in the Federal Register. The pilot program is another strategy the Trump administration is utilizing to crack down on illegal immigration and is meant to discourage the number of visitors who overstay their visas. The State Department said in the filing that those who overstay their visas pose a national security threat to the U.S. The program is being formed as part of the enforcement of a January executive order in which President Donald Trump declared there was an invasion by illegal immigration through U.S. borders. The consular officers in the respective U.S embassies will determine the amount of the bond during the issuance of the visa. Travelers will have to post the assigned bond amount before they are issued a single-entry visa, which will be valid for three months. Travelers with visa bonds would also be limited to traveling in and out of pre-selected airports. The list of airports has yet to be announced. The administration said 500,000 people overstayed their visas in 2023, based on data from the Department of Homeland Security. The pilot bond program will focus on those countries that the administration has identified as having high visa overstays. The program is limited to only B-1 business and B-2 tourist visas. It does not affect students applying for F-1 student visas. The full list of countries has yet to be announced. A State Department spokesperson said business and tourist visitors from Malawi and Zambia who are eligible for the B-1/B-2 visas will have to post bonds starting Aug. 20. According to Homeland Security's 2023 fiscal year visa overstay data, Malawi had a total visa overstay rate of 14% from 1,655 visitors, and Zambia had 11% from 3,493 visitors. The complete list of countries will be published when the program takes effect. This new program comes as South Florida airports saw a decline in the number of domestic and international travellers compared to the previous year. Dan Linblade, the president and CEO of the Greater Fort Lauderdale Chamber of Commerce, which represents more than 1,250 companies, said in a statement that international business and tourism were vital to the economy and the new bond pilot program is a 'disincentive to travel from abroad.' 'We are concerned of the potential negative impact on international tourism at a time when we see declining numbers related to foreign travel,' said Lindblade. 'If the State Department's focus is only targeted to bad players then the impact will be smaller.' The Federal Reserve Bank of Atlanta, which covers the Sixth District of the Federal Reserve, including Florida, reported in July that group bookings from international travel to the U.S from Canada, Asia, and Europe continued to slow, but there was some growth in overall travel and tourism. In the filing this week, the Department of State said that after reviewing reports going back as far as 2000, when the Immigration and Naturalization Service Data Management Improvement Act was introduced, the reports of entry and exits of nonimmigrant visa holders to the U.S. who overstayed their visas show that thousands of visitors failed to depart by their visa terms. The first Trump administration had tried to initiate a six-month visa-bond pilot program in November 2020. The program was to 'serve as a diplomatic tool to encourage foreign governments to take all appropriate actions to ensure their nationals timely depart the United States after making temporary visits.' It was to run from December 2020 through June 2021. The State Department scrapped the pilot program due to the reduction of global travel because of COVID-19. 'Data collected during the Pilot may also be used to determine the effectiveness of visa bonds at reducing overstays, evaluate concerns about insufficient identity verification, and the extent to which visa bonds may deter otherwise legitimate B-1 and B-2 visa applicants from traveling to the United States,' the State Department said. The bond program will run until August 2026, and the countries on the list will continually be updated over the year. Visitors with bonds will have to file for a refund within 30 days of their departure from the United States. Failure to do so results risks forfeiting the deposits.
Yahoo
9 hours ago
- Yahoo
INNEOVA to Hold Annual General Meeting on August 25, 2025
SINGAPORE, Aug. 06, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (Nasdaq: INEO, "INNEOVA Holdings" or the "Company") will hold its 2025 Annual General Meeting of Shareholders (the 'AGM') at 14 Ang Mo Kio Street 63, Singapore 569116 at 10 a.m. (Singapore Time) on August 25, 2025 (which is 10 p.m. (Eastern Daylight Time) on August 24, 2025). Holders of the Company's ordinary shares listed in the register of members of the Company at the close of business on July 31, 2025 (Singapore Time) are entitled to receive notice of, and vote at, the AGM or at any adjournment or postponement that may take place. Copies of the Notice of the AGM, which sets forth the resolutions to be proposed and for which adoption from shareholders is sought, the Proxy Statement, and the Proxy Card are available on the Investor Relations section of the Company's website at and on the SEC's website at INNEOVA has filed its annual report on Form 20-F, including its audited financial statements, for the financial year ended December 31, 2024, with the U.S. Securities and Exchange Commission ('SEC'). The Company's Form 20-F can be accessed on the Company's website at as well as on the SEC's website at Also available on the Company's website is the directors' report and summary financial report for the financial year ended December 31, 2024. About INNEOVA Holdings Limited INNEOVA Holdings Limited (Nasdaq: INEO, 'INNEOVA Holdings') is a leading Singapore-based provider of high-quality Original Equipment Manufacturer ('OEM'), third-party branded, and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines, and system lifecycle analysis and engineering services for infrastructure and mobility platforms. INNEOVA Automotive Division: We provide an extensive range of genuine OEM and aftermarket parts for passenger vehicles, trucks, and buses. Our offerings include parts from manufacturers' brands, trusted third-party labels, and our in-house brands. INNEOVA Industrial Division: Catering to industries like construction, marine, power generation, mining, and transportation, we offer specialized spare parts focusing on filtration systems, lubricants, batteries, and internal combustion engine components. INNEOVA Engineering Division: We provide system lifecycle analysis and engineering services for infrastructure and mobility platforms to generate innovative and sustainable solutions for maximum uptime and optimal total cost of ownership for our customers. Driven by uptime, delivered through expertise. Our unwavering commitment to quality ensures customers experience maximum uptime, enhanced performance, and reduced total cost of ownership throughout the lifecycle of their machines. For more information, visit For investor and media inquiries, please contact: INNEOVA Holdings Limited Matthew Abenante, IRCPresidentStrategic Investor Relations, LLC Tel: 347-947-2093Email: matthew@ Ivy Lee / Jamie NeoINNEOVA Holdings LimitedTel: +65 6383 7540Email: ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data