tyb
Germany-Iran trade collapses under U.S. sanctions
BERLIN (Reuters) - Trade between Germany and Iran has collapsed under the impact of United States sanctions, data published by Funke newspapers showed, supporting Iran’s assertion that Europe is failing to help preserve the nuclear non-proliferation deal it signed.
Data from the German Chamber of Commerce showed that trade volumes between Iran and Europe’s largest economy were down 49% over the first four months of the year compared to the same period in 2018, with volumes continually declining.
The fall - to a total volume of 529 million euros - shows the impact of sanctions, imposed by the U.S. administration of President Donald Trump, that punish companies doing business with Iran by depriving them of access to the U.S. market.
There were some 60 German companies still doing business in Iran, according to Dagmar von Bohnstein, the Chamber’s representative in the country, but they were increasingly working only with local staff.
European powers are keen to preserve the deal signed by Trump’s predecessor, which relaxed international sanctions on Iran in return for Tehran accepting curbs on its nuclear program that are designed to prevent it from developing nuclear weapons.
Tehran has said it pursued only a peaceful nuclear program.
European nations have tried to save the deal by maintaining some of its economic benefits despite U.S. sanctions. So far they have failed, with Iran largely shut out from oil markets and all major European companies cancelling plans to invest.
The latest data, showing that German exports to Iran were down 49 percent in the same period to 450 million euros, lend weight to Iran’s insistence that Europe’s efforts are having too little impact for it to be worth Tehran sticking to the agreement.
https://www.reuters.com/article/us-usa-iran-germany-trade-idUSKCN1TT040
Ares Asst Mgmt Execs sold $4.52m in shrares-June 25-27
Ares Management Corporation, formerly Ares Management, L.P., is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group.
The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe. It offers a range of credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds,
credit opportunities, structured credit investments and the United States and European direct lending. The Credit Group provides solutions for traditional fixed income investors. The Private Equity Group segment categorizes its investment strategies as corporate private equity,
the United States power and energy infrastructure and special situations. The Real Estate Group segment manages public and private equity and debt strategies.
Number of employees : 1 000 people.
https://www.marketscreener.com/ARES-MANAGEMENT-CORP-50061101/company/
The firm was established in 1997.[2] The firm's co-founders include Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal.[3]
It has several subsidiaries:
Ares Capital Management LLC, an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation, a publicly traded closed-end,
non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940.
Ares Capital Corporation established in 2004, provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States.
Ares Management Limited, established in 2006 as an expansion of the Ares business platform into Europ, focused on Ares European capital markets operations.
Ares Management Limited is authorized under the Financial Conduct Authority (FCA) in the United Kingdom to provide certain investment advisory services. In May 2007, a
minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor is experienced in alternative asset classes and did not acquire any voting or governance rights via its investment.[4]
In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange.[5]
In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn (€6.95bn).[6]
In May 2016, Ares Management announced to buy asset management company American Capital, Ltd.; the US$3.4 billion deal was closed in January 2017.
https://en.wikipedia.org/wiki/Ares_Management
https://www.secform4.com/insider-trading/1176948.htm