Deputy U.S. Public Finance Editor, New York
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Oct 21, 2015

Citron’s Left hits nerve with new Valeant broadside

NEW YORK (Reuters) – Andrew Left’s Citron Research is largely a one-man investment research operation that has shaken financial markets in both the United States and China from his home office in Beverly Hills, California.

His missive on Wednesday on Valeant Pharmaceuticals International Inc caused the already-reeling stock to plunge and fed further doubts about the drug company’s operations, beginning with its pricing practices.

Oct 9, 2015

Atlanta Hawks’ Sefolosha found not guilty in night club arrest case

NEW YORK (Reuters) – Thabo Sefolosha, a forward for the Atlanta Hawks basketball team, was acquitted on Friday of all charges related to an April confrontation with New York City police outside a nightclub that left him with a broken leg.

Sefolosha, a 31 year old Swiss citizen who missed the rest of the 2014-15 season, was found not guilty by a six person jury on the charges of obstructing governmental administration, disorderly conduct, and resisting arrest.

Oct 8, 2015

NJ’s Governor Christie takes sand dune fight to court

NEW YORK (Reuters) – New Jersey Governor Chris Christie’s
administration on Thursday went to court in an effort to seize
beach front property owned by the city of Margate in order to
complete an Atlantic coastline storm protection system of sand
dunes.

The coast was severely damaged in 2012’s Superstorm Sandy,
which was directly responsible for 147 deaths in the United
States, destroyed more than 650,000 homes and overall caused
nearly $50 billion in damages.

Oct 7, 2015

MSF demands independent probe of Afghan attack; Obama apologizes

GENEVA/NEW YORK, Oct 7 (Reuters) – Medecins Sans Frontieres
on Wednesday demanded an independent international commission to
investigate the deadly U.S. bombing of its hospital in Kunduz,
Afghanistan, and President Barack Obama apologized to the
medical charity.

MSF, or Doctors Without Borders, which deems the attack a
war crime, urged Obama to consent to a humanitarian commission
established under the Geneva Conventions, even though neither
the United States nor Afghanistan were signatories to the
commission.

Oct 7, 2015

MSF seeks independent inquiry into U.S. attack on Afghan hospital

GENEVA/NEW YORK (Reuters) – Medecins Sans Frontieres called on Wednesday for an independent international commission to investigate the deadly U.S. bombing of its hospital in Kunduz in Afghanistan, which it deems a war crime.

The medical charity said that the inquiry would gather facts and evidence from the United States, NATO and Afghanistan, as well as testimony from MSF staff and patients who survived Saturday’s attack.

Oct 7, 2015

Ukraine couldn’t get a better restructuring deal: finance minister

NEW YORK (Reuters) – Ten months into her stewardship of Ukraine’s shattered economy, Finance Minister Natalia Yaresko on Tuesday brushed aside the idea that the “win-win” terms of the country’s sovereign debt restructuring will ultimately fail to fix its finances.

The deal’s principal write-off and the repayment extensions were far less than predicted, raising concerns that Ukraine could be back to the negotiating table much like Greece after its 2012 restructuring proved inadequate.

Oct 7, 2015

Ukraine couldn’t get a better restructuring deal-FinMin

NEW YORK, Oct 6 (Reuters) – Ten months into her stewardship
of Ukraine’s shattered economy, Finance Minister Natalia
Yaresko on Tuesday brushed aside the idea that the “win-win”
terms of the country’s sovereign debt restructuring will
ultimately fail to fix its finances.

The deal’s principal write-off and the repayment extensions
were far less than predicted, raising concerns that Ukraine
could be back to the negotiating table much like Greece after
its 2012 restructuring proved inadequate.

Oct 1, 2015

As Joaquin looms, Eastern U.S. states get ready to batten down

NEW YORK, Oct 1 (Reuters) – As Joaquin strengthened into a
major Category 4 hurricane near the Bahamas on Thursday, states
along the U.S. East Coast hustled to activate emergency plans
developed after Superstorm Sandy slammed the region in 2012,
aiming to blunt the storm’s potential impact.

New Jersey Governor Chris Christie, whose state took a
direct hit from Sandy, declared a state of emergency, warning
residents to “be prepared but don’t panic.”

Sep 30, 2015

New York Military Academy sold in bidding war to Chinese investors

NEW YORK, Sept 30 (Reuters) – The bankrupt New York Military
Academy, a 126-year-old preparatory school on the Hudson River
that counts billionaire Donald Trump among its graduates, was
sold on Wednesday after a bidding war between groups backed by
two China-based investors.

The winning bid of $15.83 million came from the non-profit
group Research Center on Natural Conservation, backed by a
principal of China-based SouFun Holdings Ltd. They beat
out California-based Global Preparatory Academies, which was
funded by other Chinese investors, NYMA’s lawyer Lewis Wrobel
told Reuters.

Sep 30, 2015

Albania to issue Eurobond despite low tax revenue: PM

NEW YORK (Reuters) – Albania’s tax collection rate is among the lowest in the world, but that is not stopping it from issuing a new Eurobond of between 300 million to 500 million euros ($338 million to $563 million), Prime Minister Edi Rama said on Tuesday.

Rama, in New York for the United Nations General Assembly meetings, confirmed Albania will issue a bond. Albanian Finance Minister Shkelqim Cani has said the government was only considering a sale while visiting European investors this week.

    • About Daniel

      "Deputy U.S. Public Finance Editor. Responsible for editing and reporting on U.S. municipalities, their debt, investments and budgets. Special focus on U.S. infrastructure spending and mutual fund analysis. Previously Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
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