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Iran's Presidency/Mohammad Javad Ostad/WANA (West Asia News Agency)/Handout via REUTERS Acquire Licensing RightsWASHINGTON, Sept 12 (Reuters) - Five U.S. citizens detained in Iran who are expected to be swapped for five Iranians imprisoned in the United States as early as next week are "in full health," Iranian President Ebrahim Raisi said on Tuesday. The United States said it will have "oversight" on how and when the funds will be spent. IRNA, citing Iran's mission to the United Nations, said "some of the freed Iranians will remain in the United States while others will return ... "The arrangements have been done and the final action of swapping the prisoners should be finalized in the due time," Raisi told NBC, according to excerpts released by the network. "This money belongs to the Iranian people, the Iranian government, so the Islamic Republic of Iran will decide what to do with this money," Raisi said in the interview, speaking through an Iranian government translator.

Persons: Ebrahim Raisi, Emmerson Mnangagwa, Mohammad Javad Ostad, Matthew Miller, Raisi, Lester Holt, Siamak, Morad Tahbaz, Mehrdad Moin, Ansari, Kambiz Attar, Kashani, Reza Sarhangpour, Amin Hassanzadeh, Kaveh, IRNA, John Kirby, Arshad Mohammed, Rami Ayyub, Daphne Psaledakis, Parisa Hafezi, Timothy Gardner, Rosalba O'Brien Organizations: State House, Iran's, West Asia News Agency, REUTERS Acquire, Rights, U.S, United, Department, NBC Nightly, U.S ., British, U.S . State Department, United Nations, White House, MSNBC, NBC, Thomson Locations: Harare, Zimbabwe, Iran, United States, South Korean, Washington, Tehran, U.S, Emad Sharqi, Qatar, Islamic Republic of Iran, Dubai

☆ Lincoln National's CRE exposure targeted by two hedge funds
▼ + stars: | 2023-07-28 | by ( Carolina Mandl | ) www.reuters.com time to read: +4 min

NEW YORK, July 28 (Reuters) - Two hedge funds have placed bets that bonds issued by life insurance company Lincoln National Corp (LNC.N) will fall or that its default risk will increase, due to their concerns about the company's commercial real estate (CRE) exposure. Lincoln declined to provide comments on the hedge funds' positions and referred to previous remarks by its management. Fitch Ratings' senior director Jamie Tucker said in an email to Reuters the agency considers Lincoln's CRE exposure modestly below-average compared with the industry, while the quality is materially stronger. In April, Boaz Weinstein, founder of New York-based Saba, said in a post the firm was holding some of Lincoln's credit default swap (CDS), and had already sold some of it. loadingLincoln's CDS spread, a measure of credit risk, is 238 basis points, compared with 323 when Saba disclosed the position, meaning the perceived risk has declined.

Persons: Ellen Cooper, David Meneret, Lincoln, Fitch, Moody's, Jamie Tucker, Boaz Weinstein, Saba, Tracy Benguigui, Carolina Mandl, Megan Davies, Anna Driver Organizations: YORK, Lincoln National Corp, Saba Capital, Moody's, Reuters, New, CDS, Partners, Citizens Inc, Barclays, LNC, Thomson Locations: CRE, Hill, Lincoln, Saba, New York

☆ Lincoln National's commercial real-estate exposure targeted by two hedge funds
▼ + stars: | 2023-07-28 | by ( Carolina Mandl | ) www.reuters.com time to read: +4 min

Lincoln declined to provide comments on the hedge funds' positions and referred to previous remarks by its management. Fitch Ratings' senior director Jamie Tucker said in an email to Reuters the agency considers Lincoln's CRE exposure modestly below-average compared with the industry, while the quality is materially stronger. In April, Boaz Weinstein, founder of New York-based Saba, said in a post the firm was holding some of Lincoln's credit default swap (CDS), and had already sold some of it. loadingLincoln's CDS spread, a measure of credit risk, is 238 basis points, compared with 323 when Saba disclosed the position, meaning the perceived risk has declined. Among seven listed life insurers tracked by Barclays, Lincoln was the only one which ended the first quarter below its capital target.

☆ Singapore’s clean reputation gets a timely test
▼ + stars: | 2023-07-18 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, July 18 (Reuters Breakingviews) - Singapore could turn a governance crisis into an opportunity. Its transport minister S. Iswaran and Ong Beng Seng, the property billionaire credited with bringing Formula One to the city, were arrested and released on bail last week. The rare high-profile probe involving a public official by the hub’s anti-graft agency is a timely test of the Asian centre’s willingness to act tough on corruption. It's been six days since Prime Minister Lee Hsien Loong revealed the investigation by the Corrupt Practices Investigation Bureau and the exact details remain unclear. S. Iswaran and businessman Ong Beng Seng were arrested on July 11 and subsequently released on bail, the Corrupt Practices Investigation Bureau said.

Persons: Ong Beng Seng, It's, Lee Hsien Loong, Iswaran, Ong, Una Galani, Thomas Shum Organizations: Reuters, Formula, Practices, Beijing, DBS, Hotel Properties, InterContinental Hotels Group, Marriott International, Thomson Locations: SINGAPORE, Singapore, Denmark, Finland, New Zealand, Norway, Asia, Hong Kong, COMO

☆ Capita warns some pensions data likely taken in cyber attack -FT
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - British outsourcing company Capita (CPI.L) has confirmed to pension clients that some data it processed was likely to have been hacked during a recent cyber incident, the Financial Times reported on Thursday. A large team of staff at Capita had searched the affected servers and identified that some pensions data that Capita processes on behalf of its clients "is likely to have been exfiltrated", the newspaper reported, citing correspondence sent to trustees. "Capita is working closely with specialist advisers and forensic experts in investigating the incident to provide assurance around any potential customer, supplier or colleague data exfiltration," a company spokesperson said in a statement to Reuters. Among its clients, the company provides the British government with services to connect with citizens including managing tax and I.T. The report added that there was "no evidence" that Capita pensions data was available on the dark web and that it had a third-party specialist checking on a regular basis.

☆ Unemployment among Saudi citizens increases to 9.9% in Q3/22
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Dec 29 (Reuters) - Unemployment in Saudi Arabia among citizens increased to 9.9% in the third quarter, up 0.2 percentage points from the previous quarter but the overall unemployment rate remained unchanged at 5.8 percent, data released on Thursday showed. Unemployment in this category fell to 20.5% in Q3 from 21.9% in the year-ago period, making up 37% of the Saudi labour force. Expansion of the private sector is a key pillar of the government strategy, with a wide-ranging programme of privatisations and other government-supported initiatives to spur growth. The latest data showed that 93.3% of unemployed Saudis would accept jobs in the private sector. Historically, the public sector has been the principal employer of citizens in Saudi Arabia.

Centre-left Democratic Party (PD) supporters gather before the electoral campaign closing event of Enrico Letta, secretary of PD, in Piazza del Popolo, ahead of the general election, in Rome, Italy, September 23, 2022. Pollsters say his relentless message has particularly resonated in the poorer south, where hundreds of thousands live off welfare, and could yet prevent a right-wing landslide. BERLUSCONI FIRESTORMBarely 2 kilometres (1.2 miles) away, Italy's main centre-left group, the Democratic Party (PD), wrapped up what critics say has been an underwhelming campaign, accusing the right of looking to isolate the country in Europe. Voting runs from 7 a.m to 11 p.m. (0500-2100 GMT) on Sunday, with exit polls released when balloting ends. The complex calculations required by a hybrid proportional/first-past-the-post electoral law mean it may be many hours before a precise count of parliamentary seats is available.

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