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Top related persons:
Zhang Li - 1 Zhang - 1 Sam Tobin - 1 Sarah Young - 1
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Guangzhou London United States Hong Kong Northern District Northern District of California San Francisco China
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F Properties Co - 1 HK - 1 Northern District of - 1 Forbes - 1 Westminster - 1 Lawyers - 1 U.S - 1 F's U.S - 1

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3 mentions found


☆ China's Guangzhou R&F co-chief agrees to be extradited to U.S.
  + stars: | 2023-06-14 | by ( Sam Tobin | ) www.reuters.com   time to read: +1 min
LONDON, June 14 (Reuters) - The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday agreed to be extradited from London to the United States, where he is facing bribery charges. Zhang Li, who co-founded Hong Kong-listed R&F (2777.HK), is wanted on a provisional warrant issued in the Northern District of California that accuses him of participating in a scheme to bribe public officials between 2015 and 2020. The 69-year-old, who is currently worth $1.6 billion, according to Forbes magazine, is alleged to have paid kickbacks to obtain permits for a construction project in San Francisco. In December, Zhang was granted bail on the condition that he pay a security of 15 million pounds ($19 million), the joint-largest security that an English court has ever accepted. Reporting by Sam Tobin; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.
Persons: Zhang Li, Zhang, Sam Tobin, Sarah Young Organizations: F Properties Co, HK, Northern District of, Forbes, Westminster, Lawyers, U.S, F's U.S, Properties, San, Thomson Locations: Guangzhou, London, United States, Hong Kong, Northern District, Northern District of California, San Francisco, China
☆ IMF warns deeper financial turmoil would slam global growth
  + stars: | 2023-04-11 | by ( David Lawder | ) www.reuters.com   time to read: +5 min
The IMF's U.S. outlook improved slightly, with growth in 2023 forecast at 1.6% versus 1.4% forecast in January as labor markets remain strong. "Our advice is for monetary policy to remain focused on bringing down inflation," IMF chief economist Pierre-Olivier Gourinchas told reporters. The report included two analyses showing financial turmoil causing moderate and severe impacts on global growth. This "moderate tightening" of financial conditions could slice 0.3 percentage point off of global growth for 2023, cutting it to 2.5%. This scenario could slash 2023 growth by as much as 1.8 percentage points, reducing it to 1.0% - a level that implies near-zero GDP growth per capita.
☆ Bankers bet billions on new wave of debt-for-nature deals
  + stars: | 2022-11-17 | by ( Clare Baldwin Marc Jones Simon Jessop | Clare Baldwin | Marc Jones | ) www.reuters.com   time to read: +9 min
"There's now a big push to get nature into sovereign debt markets," said Simon Zadek, executive director at NatureFinance, which advises governments on debt-for-nature swaps and other types of climate-focused finance. At that level, it would be the biggest debt-for-nature swap struck to date. The combined value of swap deals to date is $3.7 billion, according to the data. Securing the buy-in of development banks is usually key for the economics of a deal. The WWF has projects in Central and South America where they are monitoring deforestation by tracking jaguars, said Brenes, who has worked on debt-for-nature swaps for the last 25 years.
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