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The U.S. Treasury Department said Tuesday it was imposing sanctions on Myanmar’s state-owned Myanma Oil and Gas Enterprise, a joint venture partner in all offshore gas projects and a vital source of hard cash for the military government. Canada also imposed sanctions against 39 individuals and 22 entities in coordination with the U.K. and the U.S. The sanctions are the latest the Western governments have imposed on Myanmar’s military regime, after the army seized power from the elected civilian government of Aung San Suu Kyi on Feb. 1, 2021. The Myanmar public and human rights groups had called for sanctions targeting gas revenues shortly after the army takeover. The European Union imposed sanctions against MOGE in February last year.

Persons: —, Tom Andrews, ”, Andrews, U.N, MOGE, Aung, Suu Kyi, “, ” Brian Nelson Organizations: The U.S . Treasury Department, Gas Enterprise, Treasury Department, U.S, ”, Treasury, MOGE, European Locations: BANGKOK, United States, United Kingdom, Canada, The U.S, Myanmar, U.S, Suu, Thailand, Japan, Malaysia, India, South Korea, China

☆ Premarket stocks: Big Tech earnings can make or break this market
▼ + stars: | 2023-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next. That means investors are watching their earnings particularly closely for prognostications about where the market is headed next. Big tech controls the market: Excluding Big Tech, the average earnings for S&P 500 companies would drop by 5% this quarter, according to Bloomberg Intelligence data. “Big Tech valuations pose risks for the broader markets, as Big Tech has contributed to almost all of the stock market’s year-to-date gains,” said David Bahnsen, chief investment officer of the Bahnsen Group. “This lack of market breadth suggests that investors are still highly prone to chasing momentum and getting overly excited about different market themes and stories, such as artificial intelligence.”It also suggests that there’s not a lot of room for any Big Tech earnings missteps.

Persons: —, ”, David Bahnsen, there’s, Louis Navellier, Matt Egan, ” Brian Nelson, Samantha Murphy Kelly Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Big Tech, Microsoft, Google, Nvidia, Apple, Bloomberg Intelligence, Bahnsen, Navellier, Associates, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Mac, IDC Locations: New York, States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, United States, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s

☆ US teams with Middle Eastern nations to target 'secret' Hamas investment portfolio as Israeli forces prepare for operation in Gaza
▼ + stars: | 2023-10-24 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —The United States along with some Middle Eastern nations are stepping up efforts to target a “secret” Hamas investment portfolio government officials believe to be worth up to $1 billion. To target the Hamas investment portfolio, a US official said Tuesday the Treasury Department is working with members of the Gulf Cooperation Council: Saudi Arabia, Qatar, Kuwait, Oman, Bahrain and the United Arab Emirates. The official added that the portfolio is generating significant amounts of revenue for Hamas. Hamas' armed wing, the Izz ad-Din al-Qassam Brigades destroy an Israeli forces' tank near Gaza City, Gaza on October 07. Hani Alshaer/Anadolu Agency/Getty ImagesNelson urged the Gulf nations to share more information on the parts of the Hamas financial ecosystem “vulnerable to disruption” and called on member countries to take action.

Persons: ” Brian Nelson, Hani Alshaer, Nelson, ” Nelson, ”, Wally Adeyemo, Adeyemo, FinCEN Organizations: New, New York CNN, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Anadolu Agency, Getty, ”, Network Locations: New York, United States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s, Gaza City, Gaza, Europe

☆ U.S. Sanctions Turkish Businessman It Says Brokered Oil Sales for Iran’s Military
▼ + stars: | 2022-12-08 | by ( Ian Talley | ) www.wsj.com time to read: +2 min

The Biden administration on Thursday levied sanctions against several Turkish businessmen and more than two dozen Turkish companies that officials said were selling oil worth hundreds of millions of dollars for Iran’s terror-listed military unit. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Mr. Ayan owns or controls the sanctioned companies, including the Turkish energy conglomerate ASB Group, which launders proceeds from the oil sales into Europe and Asia under an agreement he allegedly reached in 2017 with Iranian officials, the Treasury said. Neither Mr. Ayan, contacted through ASB Group, nor the firm immediately responded to a request for comment. Daniel Roth, a research director for the advocacy group United Against Nuclear Iran, said the Treasury’s action represented a “giant stride” toward thwarting the IRGC’s illicit oil exports.

☆ U.S. sanctions Iranian officials amid Tehran's ongoing crackdown on protests
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 23 (Reuters) - The United States on Wednesday targeted three Iranian security officials under human rights-related sanctions, the U.S. Treasury Department said, citing Tehran's ongoing crackdown on protesters in Kurdish-majority areas. The sanctions hit two officials in the Kurdish city of Sanandaj, Governor Hassan Asgari and Alireza Moradi, the commander of the city's law enforcement forces. The Treasury said Asgari and other officials provided a false cause of death for a 16-year-old protester reportedly killed by security forces. Iran's mission to the United Nations in New York did not immediately respond to a request for comment. The sanctions freeze any U.S. assets of those designated and generally bar Americans from dealing with them.

☆ Biden admin imposes sanctions on Iranian officials over 'brutal' crackdown on protests
▼ + stars: | 2022-10-26 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +6 min

The Biden administration imposed sanctions on 14 Iranian officials after a violent crackdown on nationwide protests in Iran, vowing to hold the regime accountable for its "brutal suppression" of dissent, officials said Wednesday. The sustained protests, which have spread to universities and some factories and teachers associations, mark an unprecedented challenge to the regime’s authority. But officials still say they remain open to restoring the deal, which imposes limits on Iran’s nuclear program in return for an easing of economic sanctions. The administration views the protests as a moral issue, a question of "right and wrong," the official said. The package of sanctions unveiled Wednesday designated Hossein Modarres Khiabani, the governor of Sistan and Baluchistan province, where U.S. officials say some of the worst violence against protesters has unfolded.

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