Singapore’s top financial regulator reprimanded the cryptocurrency hedge fund Three Arrows Capital, saying that it supplied false information to officials and managed more assets than allowed, the Wall Street Journal reported. The firm, which was recently ordered to liquidate by a court in the British Virgin lslands, previously gave false or misleading information to regulators when it transferred management of its fund in September 2021 to an entity in the offshore tax haven, the Monetary Authority of Singapore said Thursday.
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Before the pandemic, the Caribbean was the world’s most tourism-reliant region, according to recent calculations by the World Travel Tourism Council. Made up of dozens of sovereign nations, territories and dependencies that often reacted disparately to the virus, the region was struck unequally by the coronavirus, the New York Times reported. Some islands were walloped by staggering caseloads, while infections on others sometimes dwindled to single digits.
Birds Eye owner Nomad Foods took on additional debt to fund the €225 million acquisition this year of Irish frozen pizza-maker Goodfellas, before receiving the threat of a credit downgrade on Monday after sealing another leveraged deal, the Irish Times reported. Standard & Poor’s (S&P) downgraded the outlook on its rating on Nomad Foods creditworthiness on Monday to “negative” from “stable” after the company announced the new €240 million debt-funded purchase of UK-based frozen food manufacturer of Yorkshire pudding and roast potatoes Aunt Bessies.
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