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Israeli Prime Minister Netanyahu: The war with Iran is not over yet.Israeli Prime Minister Benjamin Netanyahu told CBS that while much of Iran’s capabilities have been weakened, much work remains to be done because Iran still possesses considerable strength.According to Saudi media outlet alhadath, Israeli Prime Minister Benjamin Netanyahu stated that Iran continues to support its proxies and armed groups, and that Iran is seeking to produce more ballistic missiles.Domestic News: 1. Suzhou City optimizes housing provident fund usage policies. 2. Shanxi Province adjusts housing provident fund loan and withdrawal policies. 3. Global chip LOF trading will be suspended from Mondays opening until 10:30 AM. 4. The Ministry of Commerce issues a notice regarding the implementation of beef safeguard measures for 2026. 5. The State General Administration of Sport: Focus on athletes performance on the field, and will not organize or participate in birthday celebrations or similar activities. 6. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to South Korea from May 12th to 13th to hold trade consultations with the United States. International News: 1. US Energy Secretary: The government is open to suspending fuel taxes. 2. Spanish official: All personnel on the "Hondias" ship are asymptomatic, and repatriation is expected to be completed tomorrow. 3. US Treasury Secretary Bessenter: I will depart on Monday for a series of brief meetings in Japan and South Korea. 4. Middle East situation—① Iran says it will enter a new operational area if the enemy attacks again. ② Irans response to the US proposal has been delivered through Pakistan. ③ A Qatari liquefied natural gas (LNG) carrier passed through the Strait of Hormuz for the first time in approximately 70 days. ④ Iranian Navy Commander: Domestically built light submarines are on standby in the Strait of Hormuz. ⑤ Trump: The U.S. has been monitoring the enriched uranium buried by Iran under the rubble, and will immediately be notified if anyone approaches and will destroy it.On May 10th, according to NBC News, U.S. Energy Secretary Wright stated in an interview that the Trump administration is "open to all ideas" to lower gasoline prices, including suspending the federal fuel tax. According to data from the American Automobile Association, the average price of gasoline across the U.S. surged to $4.52 per gallon on Sunday, an increase of more than 50% since the start of the war with Iran. Wright added that everything comes at a price. He stated that he cannot predict energy prices in the short to medium term. However, what the U.S. government is doing now is ending the 47-year confrontation with Iran. When pressed again about whether gasoline prices would reach the $5 mark, Wright said he "didnt want to predict prices."

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.