Latest news with #US-domiciled
Time of India
17 hours ago
- Business
- Time of India
Law firms weigh taking Air India to court in US, UK
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Two international law firms are in discussions with families of victims of the June 12 Air India plane crash for filing potential lawsuits in the US or the UK against the airline to claim legal rights under existing international laws. These lawsuits would be independent of additional steps Tata Sons may be taking to compensate these families including attorney group comprises UK-based Keystone Law and US-domiciled Wisner Law Firm."Our international legal group has been discussing this for the past week with the families of the UK crash victims; it is an important part of the aftermath of AI 171," said James Healy-Pratt, partner at Keystone Law and part of the firm's investigation group. "We are looking carefully at the evidence, as well as considering whether to file legal proceedings in the US courts against Boeing, together with similar proceedings against Air India in the High Court in London."He said Article 33 of the Montreal Convention allows families to pursue claims in jurisdictions like the US or UK if the airline has operations there or if the victims have ties to those Articles 17 and 21 of the Montreal Convention provide for unlimited liability in case of passenger death or injury, according to the law firm."The team is also reviewing Air India's insurer Tata AIG's early settlement offers (to the families of victims) and the airline's obligation under international law to make advance payments to next of kin," Healy-Pratt group is conducting a technical probe of the crash of Air India's Boeing 787 Dreamliner plane in Ahmedabad and will file lawsuits at a suitable time on behalf of the affected legal efforts are being led by aviation specialists James Healy-Pratt and Owen Hanna, working in association with Chicago-based Wisner Law Firm. The US firm, an aviation litigation specialist, is also advising clients in the Air India Express crash of August India and Boeing together have about $4 billion in aviation insurance coverage, including a $1.5 billion policy of Air India for such tragedies. This coverage may be used to settle court-ordered payments in the UK or some families, this could mean suing Air India in the London High Court for unlimited liability and full compensation under English law. Others may file cases in the US federal court in Virginia against Boeing, based on evidence gathered, also seeking full compensation and unlimited liability under US Khatalawala, managing partner at Little & Co, said the key advantage of any litigation in the US or UK lies in the broader compensation scope and legal processes. "These jurisdictions offer extensive discovery, expert testimonies, and, in the US, jury trials-which can lead to higher damages," he in these countries are also seen as more plaintiff-friendly, especially in cases involving manufacturer fault or gross negligence. However, experts caution that jurisdictional issues could delay proceedings, particularly when multiple defendants or cross-border elements are involved. "If any deceased passengers were permanent US residents, the likelihood of a successful US jurisdiction claim increases," said Satyendra Shrivastava, co-founding partner at Consortia Legal. "It's unclear, though, if UK and Canadian nationals on the flight had such status."Indian courts may resolve jurisdictional matters faster when an airline has operations in the country or the passengers were Indian nationals, although overall case disposal is Tata Sons is setting up a '500 crore trust to support families of the 241 people killed on board the aircraft and 34 on the ground due to the accident.
Yahoo
28-05-2025
- Business
- Yahoo
Path of Least Resistance for Stocks Is Higher, Barclays Says
(Bloomberg) -- Investor exposure to equities is still low enough that the 'path of least resistance' for the market is higher, according to strategists at Barclays Plc. NY Wins Order Against US Funding Freeze in Congestion Fight The team led by Emmanuel Cau said institutional investors weren't a big part of the stock rebound in May, with positioning remaining broadly underweight. Absent a volatility shock, 'systematic buying could continue to help equities to grind higher,' Cau wrote in a note. The MSCI All-Country World Index has rallied 5.7% in May, tracking its best month since November 2023, as global trade tensions eased. Still, risk appetite was dented last week by investor concerns around the US fiscal deficit. All eyes are now on Nvidia Corp.'s earnings report, due later Wednesday, for clues on demand for artificial intelligence, which has powered much of the rally in tech megacap stocks. US-domiciled investors sold domestic stocks and bought international equities in May, Cau said, although the 'sell America' trade is largely concentrated in the dollar and bonds. Meanwhile, repatriation into Europe has paused with limited selling of US assets by European investors. Cau correctly predicted earlier this month that a de-escalation in the US-China trade war would boost stocks. Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Columbia Threadneedle to roll out active ETF offering in Europe
Columbia Threadneedle Investments is set to introduce a selection of four UCITS active equity ETFs in the UK and Europe, pending regulatory approval. This initiative will expand the firm's existing Active ETF offerings, available in the US. The new product line will be managed by Chris Lo, a senior portfolio manager based in the US, along with his team, who currently oversee $15bn in assets across 13 funds domiciled in the US. The ETFs will provide European investors with access to equities from global, US, European, and emerging markets. The firm intends to expand this range to include fixed income active ETFs in the following year. Columbia Threadneedle Investments Product (EMEA) head Richard Vincent said: 'We continually look to develop and broaden our investment offering for clients by providing innovative, value for money products and solutions that complement our existing offering.' The forthcoming active equity ETFs are designed to meet specific requirements of discretionary fund buyers. These include providing core equity exposures that are benchmark-aware while aiming to generate alpha through selective stock choices. The investment strategy will utilise a combination of quantitative and fundamental research in a structured approach that is straightforward for investors to comprehend. Additionally, the ETFs are claimed to offer 'transparency' and 'cost-efficiency', with daily disclosures of investment decisions, a portfolio structured for low transaction costs, and 'competitive' fee structures. Columbia Threadneedle Investments EMEA distribution and marketing head Michaela Collet Jackson said: 'We are excited to bring this innovative and differentiated investment strategy to market in Europe within an Active ETF wrapper. 'The four new Active ETFs will complement our existing open-ended fund offering, increasing optionality for clients who are looking for core active building blocks for their portfolios.' As of 31 March 2025, Columbia Threadneedle had $5.5bn in assets across 14 US-domiciled ETFs. "Columbia Threadneedle to roll out active ETF offering in Europe" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error 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
Zawya
11-04-2025
- Business
- Zawya
BlackRock invests in Adani Group unit's privately placed bonds: IFR
BlackRock has invested in a US$750m bond issued by an Adani Group unit in a privately placed deal to fund the acquisition of a construction company. BlackRock invested around US$250m in the dollar bonds issued by Adani's Dubai based subsidiary, Renew Exim, at around 400bp over SOFR with a tenor of three to five years, according to sources. The unit sold the bonds to fund the acquisition of an additional 20.83% stake in Indian construction and engineering company ITD Cementation. The transaction, which is part of Adani Group's plan to expand its presence in India's infrastructure sector, will increase ReNew Exim's ownership of the company to 67.46%. "A group of international investors including BlackRock participated in a new bond issuance to support the acquisition of ITD Cementation by Renew Exim," Adani Group said in a release on April 9. The investment is heard to have been seen as an attractive investment opportunity for BlackRock's clients in India's infrastructure sector. The bonds are expected to be part of specific BlackRock funds in which US-domiciled investors have also participated, sources said. Adani Group has been considering a return to the US dollar market via a private placement of Reg D bonds, a format that does not require the securities to be registered with the SEC, since last year. On November 21 Adani Green Energy pulled a US$600m public bond offering following the indictment of senior executives in the US in relation to an alleged scheme to pay bribes to Indian officials for power supply contracts. The group has denied the allegations. On November 13, Adani Group announced on X a potential US$10bn investment in US energy security and infrastructure projects which it said could create around 15,000 US jobs. The fundraising comes after Adani Green Energy refinanced a US$1.06bn loan in March that backed the development of a solar-wind hybrid renewable project, in its first visit to the credit market since the indictment. The loan was refinanced through a fully amortising rupee loan from Power Finance Corp with a door-to-door maturity of 19 years and an all-in cost of 8.9%, IFR reported. BlackRock declined to comment on the deal. Adani Group did not respond to an email seeking confirmation of the details of the deal.
Dubai Eye
30-03-2025
- Automotive
- Dubai Eye
Trump 'couldn't care less' if car makers hike prices due to tariffs
US President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, saying he "couldn't care less" if they do. The White House has been preparing to impose new tariffs on a range of consumer goods on April 2, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers. In the NBC News interview, Trump said his permanent tariffs on foreign-made automobiles would be a boost to US-domiciled factories and was confident the move would lead to increased sales of American-made cars. "I hope they raise their prices, because if they do, people are gonna buy American-made cars," Trump said. Trump maintained that he would only consider negotiating on the tariffs "if people are willing to give us something of great value." The tariffs are part of Trump's efforts to promote American manufacturing and reduce the country's trade deficit. Trump's trade policies have been a key focus of his presidency, with ongoing tensions with major trading partners.
