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Search resuls for: "GIC's"


4 mentions found


☆ A housing economist shares estimates of where mortgage rates will be by the end of this year and next — and lists the states that may see the most price corrections.
  + stars: | 2022-11-04 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +6 min
The majority of forecasters estimate mortgage rates will peak at 6.8 to 6.9%. Idaho, Utah, Nevada, Arizona, and Texas may see the most price corrections in housing prices. The hawkish approach has significantly increased anticipated mortgage rates for this time of year, she noted. The good news is, there's a low probability that mortgage rates will peak above 7%, she said. So I think that is always the one segment of the housing market one has to be a little bit more cautious about."
☆ Former boxer charged with trafficking $1 billion worth of cocaine through U.S. ports
  + stars: | 2022-11-02 | by ( Logan Reardon | ) www.cnbc.com   time to read: +1 min
Former heavyweight boxer Goran Gogic was charged by the U.S. Department of Justice on Monday with trafficking 22 tons of cocaine worth over $1 billion. Gogic was charged with three counts of violating the federal Maritime Drug Law Enforcement Act, plus one count of conspiracy. According to prosecutors, the cocaine was transported to Europe from Colombia using American ports. U.S. Attorney Breon Peace in Brooklyn called Gogic's arrest and indictment "a resounding victory for law enforcement." Gogic was a heavyweight boxer from 2001 to 2012, compiling a 21-4-2 record in 27 career matches.
☆ U.S. charges former Montenegro boxer over 22-ton, $1 billion cocaine seizure
  + stars: | 2022-10-31 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
NEW YORK, Oct 31 (Reuters) - A former heavyweight boxer from Montenegro was charged by the U.S. Department of Justice on Monday with trafficking in 22 tons of cocaine worth over $1 billion, most of which was part of one of the largest cocaine seizures in American history. The complex operation required knowledge of each ship's crew, route and location data, and that there was room to store drugs in shipping containers that were already aboard, prosecutors said. According to court papers, Gogic oversaw the logistics, coordinating with crew members, Colombian traffickers and European dockworkers to benefit himself and his Balkan-based cartels. At least eight Gayane crew members have pleaded guilty to conspiracy charges. According to online records, Gogic was a boxer from 2001 to 2012, winning 21 bouts and losing four with two draws.
☆ Singapore's GIC says global recession scenario possible, eyes Australia opportunities
  + stars: | 2022-10-18 | by ( Praveen Menon | ) www.reuters.com   time to read: +3 min
SYDNEY, Oct 19 (Reuters) - Singapore sovereign wealth fund GIC, one of the world's biggest investors, said it is factoring in the potential for a global recession and was prepared to stress-test its portfolio if need be. Register now for FREE unlimited access to Reuters.com RegisterFears of a global recession continue to grow amid challenges posed by Russia's invasion of Ukraine, an inflation-driven cost-of-living crisis and a sharply slowing Chinese economy. Lim also said, however, that he was confident global central banks could contain inflation and eventually bring it down. GIC is ranked as the world's fifth-biggest sovereign investor with $690 billion in assets, according to research firm Global SWF. "If there are suitable projects or assets in Australia, our infrastructure team will definitely want to look at it very closely," he added.
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