Dennis Bastas secures big payday as American giant takes DBG stake
The sales of a $1.16 billion holding in Bastas' DBG Health to a private equity fund run by BDT & MSD Partners was overseen by its chairman and co-chief executive Bryon Trott, a three decade Goldman Sachs veteran who is now a close advisor to Warren Buffett and wealthy families like the Waltons.
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9 News
5 hours ago
- 9 News
US is auctioning seized $500 million Russian yacht
The US government is auctioning off the $US325 million ($500 million) yacht Amadea, its first sale of a seized Russian luxury ship since the start of Moscow's invasion of Ukraine. The auction, which closes on September 10, comes as President Donald Trump seeks to increase pressure on Russian President Vladimir Putin to end the war. The US has said it's working with allies to put pressure on Russian oligarchs, some of whom are close to Putin and have had their yachts seized, to try to compel him to stop the war. The 106-metre-long yacht, seized three years ago and currently docked in the US city of San Diego, was custom-built by the German company Lürssen in 2017. Designed by François Zuretti, the yacht features an interior with extensive marble work, eight state rooms, a beauty salon, a spa, a gym, a helipad, a swimming pool and a lift. It accommodates 16 guests and 36 crew members. Meanwhile, Eduard Khudainatov, a former chairman and chief executive of the state-controlled Russian oil and gas company Rosneft, who has not been sanctioned, claims to own it. US prosecutors say Khudainatov is a straw owner of the yacht, intended to conceal the yacht's true owner, Kerimov. Litigation over the true ownership of the yacht is ongoing. A representative of Khudainatov said in an emailed statement on Wednesday that the planned sale of the yacht is 'improper and premature' since Khudainatov is appealing a forfeiture ruling. 'We doubt it will attract any rational buyer at fair market price, because ownership can, and will, be challenged in courts outside the United States, exposing purchasers to years of costly, uncertain litigation,' said the representative, Adam Ford. The yacht has been virtually untouched since the US National Maritime Services took custody of it in 2022. To submit a sealed bid on it, bidders must put in a $US11.6 million deposit, to be considered. Ford said Khudainatov would go after any proceeds from the sale of the yacht, estimated to be worth $US325 million. 'Should the government press ahead simply to staunch the mounting costs it is imposing on the American taxpayer, we will pursue the sale proceeds, and any shortfall from fair market value, once we prevail in court," Ford said. An American aid package for Ukraine signed into law last May gave the US the ability to seize Russian state assets in the US and use them for the benefit of Kyiv, which was attacked by Russia in February 2022.
The Advertiser
5 hours ago
- The Advertiser
Trump to meet Putin in coming days, Kremlin says
Russian President Vladimir Putin and US President Donald Trump will meet and it could possibly take place next week at a venue that has been decided, the Kremlin says. "At the suggestion of the American side, an agreement was essentially reached to hold a bilateral meeting at the highest level in the coming days, that is, a meeting between President Vladimir Putin and Donald Trump," Kremlin aide Yuri Ushakov said. "We are now beginning concrete preparations together with our American colleagues," he added in televised comments. Next week is the target date for a summit, Ushakov said, while noting that such events take time to organise. The possible venue will be announced "a little later," he said. A meeting between the two presidents would be their first since Mr Trump returned to office this year. And a face-to-face meeting would be the first between a sitting US and Russian president since Joe Biden met Putin in Geneva in June 2021, some eight months before Russia launched the biggest attack on a European nation since World War II. Putin and Ukrainian President Volodymyr Zelenskiy have not met since December 2019 and make no secret of their contempt for each other. The New York Times reported earlier that Trump told European leaders during a call on Wednesday, he intended to meet with Putin and then follow up with a trilateral involving the Russian leader and Zelenskiy. White House press secretary Karoline Leavitt said: "The Russians expressed their desire to meet with President Trump, and the president is open to meeting with both President Putin and President Zelenskiy." The details emerged following a meeting on Wednesday between Putin and US special envoy Steve Witkoff that Trump described as having achieved "great progress" in a Truth Social post, although later said he would not call it a breakthrough. A Kremlin aide said the talks were "useful and constructive". The diplomatic manoeuvres come two days before a deadline set by Trump for Russia to agree to peace in Ukraine or face new sanctions. Trump has been increasingly frustrated with Putin over the lack of progress towards peace and has threatened to impose heavy tariffs on countries that buy Russian exports, including oil. Trump on Wednesday also said he could announce further tariffs on China similar to the 25 per cent duties announced earlier on India over its purchases of Russian oil. "We did it with India. We're doing it probably with a couple of others. One of them could be China," he said. Ushakov said the two sides had exchanged "signals" on the Ukraine issue and discussed the possibility of developing strategic co-operation between Moscow and Washington, but declined to give more details. Zelenskiy said he believed pressure had worked on Russia and Moscow was now more "inclined" to a ceasefire. "The pressure on them works. But the main thing is that they do not deceive us in the details - neither us nor the US," he said in his nightly address. Trump on Truth Social said he had updated some of Washington's European allies following Witkoff's meeting. A German government spokesperson said Trump provided information about the status of the talks with Russia during a call with the German chancellor and other European leaders. Trump took a key step toward punitive measures on Wednesday when he imposed an additional 25 per cent tariff on imports from India, citing New Delhi's continued imports of Russian oil. The Kremlin says threats to penalise countries that trade with Russia are illegal. with DPA and AP Russian President Vladimir Putin and US President Donald Trump will meet and it could possibly take place next week at a venue that has been decided, the Kremlin says. "At the suggestion of the American side, an agreement was essentially reached to hold a bilateral meeting at the highest level in the coming days, that is, a meeting between President Vladimir Putin and Donald Trump," Kremlin aide Yuri Ushakov said. "We are now beginning concrete preparations together with our American colleagues," he added in televised comments. Next week is the target date for a summit, Ushakov said, while noting that such events take time to organise. The possible venue will be announced "a little later," he said. A meeting between the two presidents would be their first since Mr Trump returned to office this year. And a face-to-face meeting would be the first between a sitting US and Russian president since Joe Biden met Putin in Geneva in June 2021, some eight months before Russia launched the biggest attack on a European nation since World War II. Putin and Ukrainian President Volodymyr Zelenskiy have not met since December 2019 and make no secret of their contempt for each other. The New York Times reported earlier that Trump told European leaders during a call on Wednesday, he intended to meet with Putin and then follow up with a trilateral involving the Russian leader and Zelenskiy. White House press secretary Karoline Leavitt said: "The Russians expressed their desire to meet with President Trump, and the president is open to meeting with both President Putin and President Zelenskiy." The details emerged following a meeting on Wednesday between Putin and US special envoy Steve Witkoff that Trump described as having achieved "great progress" in a Truth Social post, although later said he would not call it a breakthrough. A Kremlin aide said the talks were "useful and constructive". The diplomatic manoeuvres come two days before a deadline set by Trump for Russia to agree to peace in Ukraine or face new sanctions. Trump has been increasingly frustrated with Putin over the lack of progress towards peace and has threatened to impose heavy tariffs on countries that buy Russian exports, including oil. Trump on Wednesday also said he could announce further tariffs on China similar to the 25 per cent duties announced earlier on India over its purchases of Russian oil. "We did it with India. We're doing it probably with a couple of others. One of them could be China," he said. Ushakov said the two sides had exchanged "signals" on the Ukraine issue and discussed the possibility of developing strategic co-operation between Moscow and Washington, but declined to give more details. Zelenskiy said he believed pressure had worked on Russia and Moscow was now more "inclined" to a ceasefire. "The pressure on them works. But the main thing is that they do not deceive us in the details - neither us nor the US," he said in his nightly address. Trump on Truth Social said he had updated some of Washington's European allies following Witkoff's meeting. A German government spokesperson said Trump provided information about the status of the talks with Russia during a call with the German chancellor and other European leaders. Trump took a key step toward punitive measures on Wednesday when he imposed an additional 25 per cent tariff on imports from India, citing New Delhi's continued imports of Russian oil. The Kremlin says threats to penalise countries that trade with Russia are illegal. with DPA and AP Russian President Vladimir Putin and US President Donald Trump will meet and it could possibly take place next week at a venue that has been decided, the Kremlin says. "At the suggestion of the American side, an agreement was essentially reached to hold a bilateral meeting at the highest level in the coming days, that is, a meeting between President Vladimir Putin and Donald Trump," Kremlin aide Yuri Ushakov said. "We are now beginning concrete preparations together with our American colleagues," he added in televised comments. Next week is the target date for a summit, Ushakov said, while noting that such events take time to organise. The possible venue will be announced "a little later," he said. A meeting between the two presidents would be their first since Mr Trump returned to office this year. And a face-to-face meeting would be the first between a sitting US and Russian president since Joe Biden met Putin in Geneva in June 2021, some eight months before Russia launched the biggest attack on a European nation since World War II. Putin and Ukrainian President Volodymyr Zelenskiy have not met since December 2019 and make no secret of their contempt for each other. The New York Times reported earlier that Trump told European leaders during a call on Wednesday, he intended to meet with Putin and then follow up with a trilateral involving the Russian leader and Zelenskiy. White House press secretary Karoline Leavitt said: "The Russians expressed their desire to meet with President Trump, and the president is open to meeting with both President Putin and President Zelenskiy." The details emerged following a meeting on Wednesday between Putin and US special envoy Steve Witkoff that Trump described as having achieved "great progress" in a Truth Social post, although later said he would not call it a breakthrough. A Kremlin aide said the talks were "useful and constructive". The diplomatic manoeuvres come two days before a deadline set by Trump for Russia to agree to peace in Ukraine or face new sanctions. Trump has been increasingly frustrated with Putin over the lack of progress towards peace and has threatened to impose heavy tariffs on countries that buy Russian exports, including oil. Trump on Wednesday also said he could announce further tariffs on China similar to the 25 per cent duties announced earlier on India over its purchases of Russian oil. "We did it with India. We're doing it probably with a couple of others. One of them could be China," he said. Ushakov said the two sides had exchanged "signals" on the Ukraine issue and discussed the possibility of developing strategic co-operation between Moscow and Washington, but declined to give more details. Zelenskiy said he believed pressure had worked on Russia and Moscow was now more "inclined" to a ceasefire. "The pressure on them works. But the main thing is that they do not deceive us in the details - neither us nor the US," he said in his nightly address. Trump on Truth Social said he had updated some of Washington's European allies following Witkoff's meeting. A German government spokesperson said Trump provided information about the status of the talks with Russia during a call with the German chancellor and other European leaders. Trump took a key step toward punitive measures on Wednesday when he imposed an additional 25 per cent tariff on imports from India, citing New Delhi's continued imports of Russian oil. The Kremlin says threats to penalise countries that trade with Russia are illegal. with DPA and AP Russian President Vladimir Putin and US President Donald Trump will meet and it could possibly take place next week at a venue that has been decided, the Kremlin says. "At the suggestion of the American side, an agreement was essentially reached to hold a bilateral meeting at the highest level in the coming days, that is, a meeting between President Vladimir Putin and Donald Trump," Kremlin aide Yuri Ushakov said. "We are now beginning concrete preparations together with our American colleagues," he added in televised comments. Next week is the target date for a summit, Ushakov said, while noting that such events take time to organise. The possible venue will be announced "a little later," he said. A meeting between the two presidents would be their first since Mr Trump returned to office this year. And a face-to-face meeting would be the first between a sitting US and Russian president since Joe Biden met Putin in Geneva in June 2021, some eight months before Russia launched the biggest attack on a European nation since World War II. Putin and Ukrainian President Volodymyr Zelenskiy have not met since December 2019 and make no secret of their contempt for each other. The New York Times reported earlier that Trump told European leaders during a call on Wednesday, he intended to meet with Putin and then follow up with a trilateral involving the Russian leader and Zelenskiy. White House press secretary Karoline Leavitt said: "The Russians expressed their desire to meet with President Trump, and the president is open to meeting with both President Putin and President Zelenskiy." The details emerged following a meeting on Wednesday between Putin and US special envoy Steve Witkoff that Trump described as having achieved "great progress" in a Truth Social post, although later said he would not call it a breakthrough. A Kremlin aide said the talks were "useful and constructive". The diplomatic manoeuvres come two days before a deadline set by Trump for Russia to agree to peace in Ukraine or face new sanctions. Trump has been increasingly frustrated with Putin over the lack of progress towards peace and has threatened to impose heavy tariffs on countries that buy Russian exports, including oil. Trump on Wednesday also said he could announce further tariffs on China similar to the 25 per cent duties announced earlier on India over its purchases of Russian oil. "We did it with India. We're doing it probably with a couple of others. One of them could be China," he said. Ushakov said the two sides had exchanged "signals" on the Ukraine issue and discussed the possibility of developing strategic co-operation between Moscow and Washington, but declined to give more details. Zelenskiy said he believed pressure had worked on Russia and Moscow was now more "inclined" to a ceasefire. "The pressure on them works. But the main thing is that they do not deceive us in the details - neither us nor the US," he said in his nightly address. Trump on Truth Social said he had updated some of Washington's European allies following Witkoff's meeting. A German government spokesperson said Trump provided information about the status of the talks with Russia during a call with the German chancellor and other European leaders. Trump took a key step toward punitive measures on Wednesday when he imposed an additional 25 per cent tariff on imports from India, citing New Delhi's continued imports of Russian oil. The Kremlin says threats to penalise countries that trade with Russia are illegal. with DPA and AP
Courier-Mail
7 hours ago
- Courier-Mail
Melbourne Cup plans grow for US stayer Parchment Party
Don't miss out on the headlines from Horse Racing. Followed categories will be added to My News. Melbourne Cup-qualified American stayer Parchment Party has boosted potential Flemington claims with a second stakes win in New York. The Pin Oak Stud-owned four-year-old son of Constitution, trained by Bill Mott, on Thursday (AEST) won the Listed Birdstone Stakes (2800m) at Saratoga. Parchment Party won a Melbourne Cup golden ticket in June with a victory in the Group 3 Belmont Gold Cup Invitational (2800m). Pro Tips View All Clinton Payne - Last 28 Days Profit Profit 0 * ROI 0 Strike Rate 0 Units Tipped 0 Avg. Winner Odds 0 • PUNT LIKE A PRO: Become a Racenet IQ member and get expert tips – with fully transparent return on investment statistics – from Racenet's team of professional punters at our Pro Tips section. SUBSCRIBE NOW! Owner Dana Bernhard, of Pin Oak Stud, told the Saratoga Live broadcast 'it's our plan' when asked about possible Melbourne spring carnival participation. Pin Oak Stud-owned World Beater, trained by Mott's son Riley, coincidently won the Cox Plate-qualifying Group 1 Saratoga Derby Invitational last week. The interest in two horses qualified for Australia's biggest races could sweeten the cost and logistics to travel from the US to Melbourne via quarantine at Newmarket, UK. 'We're leaning in that (Melbourne) direction,' Bill Mott told Saratoga Live. 'We're trying to make all the early plans that we need to make.' Parchment Party could become the first US-trained horse to start in the Melbourne Cup. Five US-bred horses have won a Melbourne Cup with French-trained Australian-owned Americain the most recent in 2010. Victoria Racing Club chief racing officer Leigh Jordon welcomed Parchment Party's progress. 'It was great to see Parchment Party win the Birdstone Stakes and the excitement from the ownership group following the race,' Jordon said. 'They are currently looking at travel options for the horse and the prospect of Parchment Party becoming the first American-trained horse to run in the Lexus Melbourne Cup has created an incredible buzz. 'We're proud to have strengthened our relationship with the New York Racing Association by making the Belmont Gold Cup a golden ticket into the Lexus Melbourne Cup. It is part of the (VRC's) ongoing commitment to growing the international reach of the race and build meaningful relationships across the world.' Originally published as Melbourne Cup plans grow for US stayer Parchment Party
