As recounted by Charles McPherson in his comparative study of oil nationalization schemes, "The Saudi approach to nationalization was very different than that of other countries" — not only in the financial terms under which it was done but in how the company was operated after nationalization.
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Concerted pushback to nationalization as such began during the Truman administration, when the Supreme Court ruled against his nationalization of steel mills to support the Korean War.
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GENOA, Italy (Reuters) - A nationalization of Banca Carige (CRGI.
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KIEV (Reuters) - Ukraine risks default if the nationalization of PrivatBank is overturned, President Petro Poroshenko said on Thursday, after a lower court ruled the 2016 nationalization of the country's largest lender was illegal.
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Koimett dismissed concerns that nationalization could lead to further mismanagement.
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Shares in another nationalization target, National Grid (NGG), added 6%.
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KIEV, April 18 (Reuters) - Ukraine risks default if the nationalization of PrivatBank is overturned, President Petro Poroshenko said on Thursday, after a lower court ruled the 2016 nationalization of the country's largest lender was illegal.
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And in doing, so I'm fueling the polarization-nationalization doom loop.
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It said it would offer shareholder compensation for the contract nationalization.
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Opinion polls show widespread support for nationalization of railways and utilities.
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Kolomoisky denied any wrongdoing and has challenged the nationalization in court.
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Now, under the threat of nationalization, some are abandoning these structures.
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This came to an end in 22019 with a "soft" nationalization.
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The nationalization of the race contributed to a lot of that.
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He has fought a series of legal battles to overturn the nationalization.
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Not everyone sees doom in Mr. Sander's nationalization of the power sector.
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"We have a preference for opco debt, which is safer in a nationalization event, it could be viewed as a government proxy in event of a nationalization, in which case the price could go up," Jupiter's Richards said.
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A court ruling last week could threaten to overturn the nationalization of PrivatBank.
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One of the commissioners said this week nationalization was not currently an option.
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Other changes in our political and media culture exacerbate the challenges of nationalization.
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This nationalization of politics is also reflected in how we consume political news.
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But Mr. Zelensky has said he will not reverse the nationalization of PrivatBank.
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Without the nationalization, states are competing against each other for supplies, Cuomo said.
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By the mid-1970s, nationalization was not really on the table anymore ideologically.
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These Fed officials want to reverse this creeping nationalization of the financial system.
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Authorities warn the IMF may freeze aid if PrivatBank's 2016 nationalization is reversed.
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Any rollback of PrivatBank's nationalization would likely prompt the IMF to freeze aid.
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Any rollback of PrivatBank's nationalization would likely prompt the IMF to freeze aid.
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A temporary nationalization of Rusal is another option, a Kremlin spokesman said on Thursday.
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Earlier last year, the government had rebuffed calls for the nationalization of the bank.
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Chavez led a long nationalization wave that expropriated ConocoPhillips and Exxon Mobil Corp operations.
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Rome, Chamber of Deputies starts examination of law decree on Bank of Italy nationalization.
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But this only increases polarization, which increases nationalization, and so on, until … Until what?
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Maduro largely continued Chavez's policies of nationalization, currency and price controls and social handouts.
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Perhaps nationalization of gas and electric utilities could happen in the Green New Deal.
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L) said it would begin arbitration against Bolivia over nationalization of some assets. (reut.
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The Economic Freedom Fighters are calling for nationalization of all rural land without compensation.
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Labour have also argued for widespread nationalization of the water, electricity and rail industries.
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After the nationalization of PrivatBank, state banks will control half of all Ukrainian banking assets.
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Some capital markets experts are skeptical about whether a nationalization clause would make much difference.
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"Nationalization - that's what we had in the East, and it led to collapse," said Brecht.
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He has promised sweeping nationalization, higher public spending and an overhaul of the banking system.
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The nationalization of American politics has led to the rise of two political mega-identities.
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BT Group (BTGOF), which faced the potential nationalization of its telecoms infrastructure arm, added 7%.
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Since its nationalization, they said, Cantv had filled thousands of vacated positions with unqualified staff.
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Conoco's assets in Venezuela were expropriated in 2007 following the nationalization of the country's oil industry.
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The deal stems from the nationalization of Conoco assets dating back over a decade in Venezuela.
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Mounting concern over the nationalization plan took the focus off National Grid's largely in-line results.
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One approach would be to lean into nationalization and end the place-based system of representation.
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Despite a national election not being due until 2022, the prospect of nationalization is worrying investors.
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And it's simply not the case that she is proposing the nationalization of all American business.
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Another factor which may make Labour think twice about a wide nationalization plan is the expense.
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"The nationalization debate has taken something like 10-15 percent off the share prices," Freshney said.
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"That was the beginning of the nationalization of the race," said Scott Jennings, a Republican strategist.
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His economic mismanagement, nationalization and expropriations have strangled private enterprise and gutted a once rich economy.
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Nationalization of 6900G would delay the process of deploying this game changing network in our country.
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"We are expecting the next court rulings (on PrivatBank's nationalization) some time in July," he said.
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Ireland has enacted an emergency nationalization of its hospitals to meet public demand during the crisis.
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The case relates to the nationalization of Conoco assets dating back over a decade in Venezuela.
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"Some of the ANC members and some of the political parties are going beyond the SARB nationalization, they are talking about the nationalization of the entire financial sector, so one also has to ask to what extent is this maybe the first step toward that," she said.
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Nationalization has long been a central tenet of their plans, which have previously been criticized by business.
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Labour proposed its nationalization program would be led by a "Public Ownership Unit" within the finance ministry.
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I think this is a reasonable argument against the wholesale nationalization of industry in the United States.
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The dispute stems from Venezuela's nationalization of Conoco's assets a decade ago under late leader Hugo Chavez.
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The Populist Party platform called for the nationalization of railroads, steamship lines and telephone and telegraph systems.
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The nationalization of the races is taking place in three states that Trump won overwhelmingly in 2016.
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He was for a limited nationalization of some banks and believes in stress-tests for some banks.
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A big challenge that local news has had broadly is what I'd call nationalization of news interest.
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A court is set to rule on Thursday on whether the 2016 nationalization of PrivatBank was illegal.
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A court is set to rule on Thursday on whether the 2016 nationalization of PrivatBank was illegal.
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A bigger difference is that in 2013, Greece was desperate to avoid full nationalization for its banks.
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The question is not whether globalization or nationalization, for there is no inherent tension between the two.
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The central bank said it would appeal the ruling and that it was impossible to reverse the nationalization.
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A lower court in Kiev earlier ruled that the 2016 nationalization of PrivatBank, Ukraine's largest lender, was illegal.
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It cites court rulings relating to the nationalization of Northern Rock bank in 2008 to support this statement.
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"It's largely down to people refusing to invest as long as the nationalization overhang is there," said Constable.
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Exxon Mobil also has brought two separate arbitration claims over the 2007 nationalization of its projects in Venezuela.
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The dispute dates to the nationalization in 2014 of the Bashneft oil company, a former subsidiary of Sistema.
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The move, according to Axios, could see an unprecedented nationalization of infrastructure that has historically been privately owned.
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Portugal's Finance Minister Mario Centeno told a newspaper on Wednesday that "all options are on the table", including nationalization.
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A Kiev court ruled in favor of Kolomoisky in April by declaring that the nationalization process had been illegal.
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"Our position on the nationalization of the reserve bank has not changed," ANC Secretary General Ace Magashule told reporters.
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He invested in olive oil and mining while editing papers that supported the nationalization of all means of production.
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Agenda nationalization, for example, significantly raises the public's expectations about the prospects of party platforms getting enacted into law.
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They also cited the rapid nationalization of a race they had hoped to win through on-the-ground organizing.
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Three factors have been crucial to this polarization and nationalization: race, cultural conflict and more recently, opposition to immigration.
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Exxon Mobil Corp also has brought two separate arbitration claims over the 2007 nationalization of its projects in Venezuela.
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All found a new appeal in what had hitherto seemed old-fashioned allures: full-blooded socialism, nationalization, anti-globalization.
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But the next most likely scenario is a coalition led by Labour, whose leader favors nationalization and wealth taxes.
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Separately, Conoco brought a claim against Venezuela before a World Bank court over the nationalization of two oil projects.
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The oligarch later fell out with the Kremlin and was put under house arrest leading to another nationalization of Bashneft.
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It would prefer Britain to remain in the European Union but has deep misgivings about Corbyn's tax and nationalization agenda.
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Meanwhile, some have called for the nationalization of an intercity bus service that would connect rural communities throughout the country.
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Throughout his tenure, Gingrich's nationalization of congressional politics accelerated the neglect of the local—infrastructure spending, social services, job training.
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Rozhkova said overturning the nationalization would derail Ukraine's $3.9 billion program with the International Monetary Fund and rock investor confidence.
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Nationalization will exempt Kenya Airways from taxes on engines, maintenance and fuel, allowing it to sell cheaper tickets, Pkosing said.
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Now investors are looking to use it to provide a buffer against possible UK nationalization, according to the four sources.
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But the state-owned asset regulator has already said "erroneous" notions such as "privatization" and "de-nationalization" should be avoided.
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The debate has involved talk of nationalization and has added fuel to an EU membership referendum being held this summer.
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Remember the good old days when Republicans were against the nationalization of 1/6 of the nation's economy through ObamaCare?
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His critics blame the country's struggles on a state-led economic model, stringent exchange controls and nationalization of private companies.
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Prominent members of the League, the other partner in the ruling coalition, have also said nationalization is a concrete possibility.
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PrivatBank's nationalization was the culmination of a swingeing clean-up of Ukraine's financial system, backed by the International Monetary Fund.
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The initial post-revolution constitution of 1976 was inspired by Marxism, calling for the nationalization of the means of production.
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The nationalization was another zigzag in Russia's on-again, off-again embrace of private property in the post-Soviet period.
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The fund sought assurances that the government would recover money that banking regulators say Mr. Kolomoisky stole before the nationalization.
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Conservatives who fought against nationalization of constitutional rights may benefit from it now that the court is on their side.
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The plan is on the table in part because the 2008 nationalization was a stopgap measure that few really wanted.
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The GMB labor union said the UK government should have considered all options, including nationalization, in order to save the company.
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Conoco's assets in Venezuela were expropriated in 2007 following nationalization of the country's oil industry led by then-President Hugo Chavez.
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Lawsuits challenging the nationalization of PrivatBank "deal irreversible damage to Ukraine's international image," the central bank said in the same statement.
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Last year it successfully won an award of more than $1 billion award against Venezuela, related to a gold mine nationalization.
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The partnership with the state, the theory went, would reduce the investors' worries about the risk of nationalization and arbitrary regulation.
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"Exploiting the ignorance of citizens about nationalization, they stir up panic," Oleg Gorokhovsky said, without saying who was behind the reports.
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If it weren't for the Immigration and Nationalization Act, many of us might not even be in this country at all.
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The settlement is not the end of legal maneuvers stemming from Conoco's 2007 exit from Venezuela during the country's nationalization drive.
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"This is absolutely not a China nationalization," Michel Demaré, chairman of Syngenta, told CNBC on Wednesday after the deal was announced.
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In April, the International Chamber of Commerce awarded Conoco compensation for the 2007 nationalization of two of its projects in Venezuela.
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On Sunday, Argentines voted President Mauricio Macri out, returning leftists to power who have previously urged the nationalization of energy assets.
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First thing the FCC has agreed on in a while: am told all five FCC Commissioners are united against 5G nationalization.
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The two parties today are actually two separate parties, with little overlap, in large part due to the nationalization of politics.
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A Kiev court ruled on April 18 that the nationalization was illegal, and the central bank has appealed against the ruling.
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The biracial Knights of Labor called for an eight-hour workday, currency reform and the nationalization of the railroads and utilities.
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Bankia replaced both its chairman and chief executive in 2012 and has bounced back from the losses that triggered its nationalization.
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Rather than seizing the company through nationalization, the Saudi government purchased Aramco from its American owners in transactions in the 1970s.
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Nationalization, of course, is no panacea to what's ailing the planet: There are plenty of publicly owned bad actors out there.
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However, it would be controversial after late President Hugo Chavez, an iconic figure to many Venezuelans, made nationalization a flagship policy.
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However, it would be controversial after late president Hugo Chavez, an iconic figure to many Venezuelans, made nationalization a flagship policy.
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The size of the state would also grow through the nationalization of key utilities, including water, mail, energy infrastructure and railways.
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That may work in some districts, but the nationalization of House races — which were once more local affairs — doesn't work everywhere.
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The central bank says overturning the nationalization would derail Ukraine's $3.9 billion program with the International Monetary Fund and rock investor confidence.
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Handelsblatt's report said the reason for the planned nationalization was unresolved legal disputes between the federal government, Toll Collect and its shareholders.
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Analysts have valued the regulated asset values of water and energy networks potentially facing nationalization at around 125 billion pounds ($159 billion).
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While it is not uncommon for companies in emerging markets to include provisions, the nationalization put clause is unusual for British borrowers.
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Conoco's assets in Venezuela were expropriated in 2007 following the nationalization of the country's oil industry led by then-President Hugo Chavez.
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ExxonMobil (XOM) and ConocoPhillips (COP) left Venezuela years ago following the nationalization of foreign-run oilfields by former Venezuelan President Hugo Chavez.
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The continued nationalization of American politics threatens greater polarization and social tension as the lines harden between these two distinct political coalitions.
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"Over the last 20 to 25 years, for most national airlines the move has been to privatization and not nationalization," Seymour said.
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It's one thing to call for breaking up the big banks, and quite another to call for the nationalization of private industries.
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While nationalization is a key pillar of the party's platform, it is ground politicians in the United States still fear to tread.
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Venezuela has in recent years suffered frequent blackouts that critics attribute to insufficient investment following the 2007 nationalization of the electricity sector.
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The outcome was a huge bailout, and the nationalization of R.B.S., with costs to the British taxpayer of forty-five billion pounds.
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His opponent to the left is Julius Malema, a gifted populist, who calls for land invasions and the nationalization of the economy.
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Any nationalization project could be a difficult sell politically, since the Trump administration and other Republicans have strongly criticized big government projects.
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Last year, a leaked National Security Council presentation called for nationalization of 20173G networks to improve cybersecurity and better compete against China.
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The brokerage said the threat of nationalization of UK utilities was rising as the Brexit impasse may lead to a national election.
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Lawsuits challenging the nationalization of PrivatBank "deal irreversible damage to Ukraine's international image," the central bank said in a separate written statement.
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Labour's nationalization plan has prompted infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy.
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The nationalization program would be led by a 'Public Ownership Unit' within the finance ministry, which would establish the timetable for each industry.
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Rozhkova said more than 400 cases had been launched against the central bank, PrivatBank and the finance ministry in connection with the nationalization.
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The takeover of Syngenta by ChemChina does not amount to a Chinese nationalization of the Swiss agrichemicals giant, the company's chairman told CNBC.
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Rozhkova said overturning the nationalization would undermine the central bank's independence and encourage owners of other banks declared insolvent to challenge the regulator.
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The Kremlin mentioned possible 'temporary nationalization' on Thursday, but on Friday Finance Minister Anton Siluanov said that was not an option for Rusal.
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The government also extended the nationalization of urban land and eliminated all remaining forms of transferable and inherited private property in the city.
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If this fails, the "world's oldest bank" will face nationalization and drastic restructuring (with a specific protection scheme for victims of past misselling).
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The political about-face, part of the seemingly endless cycle in Russia between nationalization and privatization, adds to investors' worries about being blindsided.
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"The nationalization of our natural resources instead of privatization—that is one grand difference between us and them," he gave as one example.
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Purity tests and the nationalization of every single campaign is a surefire way to turn the big tent party into a weakened party.
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"A nationalization is not on the table, it is not necessary ... it is a less than abstract possibility," Modiano told a news conference.
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Last week, AMLO defied the advice of medical experts and spoke at a large gathering to celebrate the nationalization of Mexico's oil sector.
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In short, the privatization devolved into a de facto re-nationalization — but under the direction of foreign states — that somehow went largely unnoticed.
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The government began controlling things like the price of gas, the value of the exchange rate and nationalization of the private pension system.
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The fact that so many candidates are polling poorly in their home state speaks in some ways to the nationalization of presidential campaigns.
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Mr. Zelensky said his government would not reverse the nationalization of Mr. Kolomoisky's bank, Privat, a move that would cost the budget billions.
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And New York City Mayor Bill DeBlasio over the weekend floated the idea of the "nationalization of crucial factories and industries that produce medical supplies," citing the example of the domestic mobilization for World War II. Nationalization, as I wrote earlier this month, has a long and proud tradition of navigating America through times of crisis, from World War II to 9/11.
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Mining Minister Richard Musukwa said the action at KCM "should not be misconstrued as nationalization" and followed KCM's failure to "comply with license conditions".
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Oil-rich Venezuela has in recent years suffered frequent blackouts that critics attribute to insufficient investment following the 2007 nationalization of the electricity sector.
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As a coda, Kroll, the international investigative company, in January concluded that PrivatBank fell victim to a $5.5 billion fraud prior to its nationalization.
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Giorgetti added he had some "doubts" about the nationalization option, saying the state did not have the skills and means to run the network.
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But this has won few plaudits in the oil patch, which contends that the government's environmental sensitivity caused the uncertainty that made nationalization necessary.
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Opponents of nationalization say that national security concerns are important to them but believe that involving government isn't the way to go about it.
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The unions are threatening action over reform plans that would scrap the job-for-life guarantees enjoyed by workers since the railways' 1930s nationalization.
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But they also face a risk that governments could shift back to resource nationalization or lose the political will to fully establish market reforms.
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Similar energy market openings have blossomed in the past only to fade as governments reverted to resource nationalization or imposed limits to foreign investment.
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In his career as a US Senator, Sanders has backed away from such ardent calls for nationalization, but maintained similar rhetoric on wealth inequality.
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The government backed the nationalization — which was seen as vital to protect its 20 million customers and to preserve Ukraine's already fragile financial stability.
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As well as nationalization, the White House is also considering the less radical plan of having the system built by a consortium of wireless carriers.
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In April, a district court in Kiev had declared the nationalization of PrivatBank illegal, inviting the possibility that the bank could be returned to him.
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The central bank, called the National Bank of Ukraine (NBU), said it would appeal the ruling and that it was impossible to reverse the nationalization.
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Parliament's transport committee, however, rejected that plan, recommending instead the nationalization of the airline in a report debated by the national assembly on June 18.
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The BCC said a nationalization program would undermine private pension savings, damage investment and reduce competition, and that it would be better to strengthen regulators.
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Azerbaijan offers fast-track nationalization to athletes in a range of sports, among them Russian gymnasts, American and Canadian ice skaters and the Bulgarian weightlifters.
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In the early 24s, the president at the time, Hugo Chávez, began a broad nationalization of Venezuelan drugmakers in an effort to produce cheaper medicines.
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With the backing of full-blown communist regimes, the slide toward socialism and the nationalization of entire industries by the government is directly to blame.
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Malema, whose party supports expropriating white-owned land and the nationalization of mines and banks, said economic misrule under Zuma was deepening apartheid's racial disparities.
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The nationalization of the US energy firm Kinder Morgan's pipeline has already generated heated protests in BC and has called into question Trudeau's green credentials.
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The nationalization of STX has added strain to France's relations with Italy, where the growing influence of French investors on domestic businesses is under scrutiny.
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A former business partner of Mr. Zelensky's, Ihor Kolomoisky, a banking and media tycoon, has protested the nationalization of his bank, something the I.M.F. supported.
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Promising to press ahead with nationalization, Mr. McDonnell identified water and sewerage companies as the first targets, saying that shareholders would be compensated with bonds.
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He was key in planning the nationalization of swaths of Venezuela's oil fields a decade ago and once served as the country's representative to OPEC.
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Nationalization—in which the federal government brings privately held assets under public authority—is not the only form of public ownership or direction of industry.
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LONDON (Reuters) - Britain's opposition Labour Party unveiled its election manifesto on Thursday, including a sweeping programme of nationalization reversing decades of pro-privatisation public policy.
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His platform called for the nationalization of major utilities, tax rises for companies and higher earners, and awarding 10% of companies' shares to their workers.
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"My view is that these assets were very mature and underinvested after 25 plus years of nationalization," Grant Sporre, an associate director at Macquarie, said.
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The former owners of PrivatBank are fighting a series of legal battles against the Ukrainian authorities over the 2016 nationalization of the country's largest lender.
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There have been attempts by the state to recover losses from Kolomoisky and Bogolyubov, who themselves argue that the nationalization was done on spurious grounds.
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A Kremlin spokesman said on Thursday that a temporary nationalization of Rusal was among options the Kremlin was studying to help the company navigate sanctions.
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Seeborg said the Immigration and Nationalization Act, however, does not authorize the government to return asylum seekers to Mexico the way the government has applied it.
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A professor and researcher of the theories of John Maynard Keynes and Karl Marx, he promoted the nationalization of the Argentine oil company YPF in 2012.
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Shares in National Grid and peer SSE fell for a second straight session on Thursday as worries that nationalization could be below market valuation unnerved investors.
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The legal action was the latest in the Caribbean to enforce a $2 billion arbitration award by the International Chamber of Commerce (ICC) over the nationalization.
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Railroads did not want nationalization, but they were willing to undergo regulation, especially when they saw that this regulation could in many ways serve their interests.
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Rozhkova said reversing the nationalization would reverse the mechanism by which the state handed the bank 155 billion hryvnia ($5.88 billion) to rescue it from insolvency.
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It simply brokered a deal between Tata and metals group Liberty House rather than a full nationalization, but this transaction is yet to be fully completed.
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Pai said Trump's comments opposing nationalization was an "important signal" to the private sector that is investing tens of billions of dollars in the 5G networks.
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Labour leader Jeremy Corbyn, whose manifesto launch set out plans for higher state investment and nationalization of some services, said the Conservatives were betraying Britain's elderly.
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Kolomoisky and the bank's other main former shareholder, Gennadiy Bogolyubov, have challenged the justification for the nationalization and accuse the central bank of misrepresenting PrivatBank's finances.
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But Shevalev said PrivatBank, the central bank and the finance ministry were under attack from "certain media sources" that were "targeting the nationalization" of the bank.
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"Nationalization sometimes proves problematic for bondholders as a restructuring process evolves, and for minority stockholders depending on the government's view on dividends and buybacks," he wrote.
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She also said on Friday that she was uncomfortable with the government taking equity stakes in companies, saying it was "starting down the path of nationalization."
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The first relevant echo is the 6900 Suez Crisis, sparked by Egyptian President Gamel Abdel Nasser's nationalization of the British- and French-owned Suez Canal Company.
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"The nationalization process is still ongoing and the airline can't be left with a leadership vacuum," said Lisa Kimathi, an investment analyst at Standard Investment Bank.
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Labour's manifesto promises free university tuition, increases in health spending and taxes on the rich, and the nationalization of some industries, including railways and internet broadband.
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"The nationalization process is still ongoing and the airline can't be left with a leadership vacuum," said Lisa Kimathi, an investment analyst at Standard Investment Bank.
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Fernandez said last year that, before its nationalization, Cantv was an elitist U.S.-controlled company which took its profits abroad instead of investing in the country.
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The reform, the biggest since nationalization in 1937, seeks to reduce costs and end hiring of rail staff - currently 150,000 - on more protective contracts than other sectors.
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The Canadian mining company began pursuing Citgo this year to collect on a $1.3 billion arbitration award over the nationalization of its gold assets in the country.
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It represents the most fundamental reform of the 150,000-strong SNCF since rail nationalization in the 1930s, and Macron has overcome a challenge that defeated previous administrations.
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The addition of BT to Labour's nationalization plan sent the group's shares down as much as 2100%, wiping nearly half a billion pounds off its market value.
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The Economic Freedom Fighters, a far-left populist party that has been pushing for the nationalization of land, banks and mineral rights, got the votes A.N.C. lost.
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British railways may have a good safety record, but the network is expensive and overcrowded, and opinion polls show that a majority of voters support rail nationalization.
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BIRMINGHAM, England (Reuters) - Britain's opposition Labour Party unveiled its election manifesto on Thursday, including a sweeping programme of nationalization to reverse decades of pro-privatisation public policy.
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Many experts attribute Venezuela's rapid decline to authoritarian policies of the government, including nationalization of private farms, price controls and currency regulation, The Wall Street Journal notes.
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Chief Executive Sebastian Mikosz said the government will likely appoint a nationalization advisor by the end of the year and the process should be completed next year.
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With the prospect of widespread infrastructure nationalization under Labour, and an abrupt Brexit possible under Johnsons Conservatives, many business leaders say they face unprecedented levels of uncertainty.
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The dispute between Sistema and Rosneft, Russia's state oil company, dates back to a 2014 nationalization, pitting two of the country's most important companies against each other.
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The Christian Democrats had a golden opportunity to present an alternative to AD's socialist approach to national wealth, which had culminated in the 1976 nationalization of oil.
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"We (Privatbank's former owners) do not agree with the nationalization, this dispute is easier to resolve today than under the previous president," he said, according to Reuters.
|
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The dispute between Sistema and Rosneft, Russia's state oil company, dates back to a 2014 nationalization, pitting two of the country's most important companies against each other.
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The party's Socialist Caucus, which advocates for nationalization of various sectors of the economy, was kicked out of the main meeting room at the party's 2013 convention.
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While many Petrobras workers want the company to remain state-controlled, union leaders have demanded 100 percent nationalization of oil and expulsion of foreign oil companies from Brazil.
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Cuba charges Title III violates international law because its nationalization of property was legal and also because Cuban-Americans were not U.S. citizens when their properties were taken.
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In fact, I argued that position very early in the Obama years, at the same time I was arguing for temporary nationalization of a couple of big banks.
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The nationalization of politics reflects a broad cultural transformation since midcentury, in which Americans have become far more attached to their national identities than their place-based identities.
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Obama had already publicly rejected nationalization in an interview with ABC News, but his economic team had differing viewpoints, which they hashed out in the March 2009 meeting.
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One caveat is nationalization would require additional borrowing and could push gilt yields higher, hurting the credit rating of the UK government and, by extension, British utility debt.
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The addition to Labour's already broad nationalization plan for infrastructure sent BT's shares down as much as 1003%, wiping nearly half a billion pounds off its market value.
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Other presidents' apocalypse contingencies have included forced nationalization of industries as well as plans to install unelected private sector executives to run broad swathes of the emergency government.
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Any nationalization effort would run counter to how the government has handled wireless infrastructure for decades: by auctioning off the airwaves and letting private companies do the work.
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The opposition leader proposed a $100 billion tax increase on the wealthy to pay for a sweeping nationalization program and hikes in spending for education and health care.
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That platform included more-sweeping nationalization and unilateral nuclear disarmament, and one Labour lawmaker at the time described the 1983 manifesto as "the longest suicide note in history."
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"I would also urge you to give serious thought about the eventual nationalization of these gigantic companies," Sanders wrote in a December 1973 open letter to Vermont Sen.
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Challengers also argue that there are statutory problems with the order, such as violations of the Immigration and Nationalization Act, Religious Freedom Restoration Act, and Administrative Procedure Act.
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One of Erdogan's aides, Yigit Bulut, called in 2016 for the nationalization of Isbank, after the leader of the CHP referred to the president as a "tin-pot dictator".
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Britain's once-mighty steel industry looked in dire straits Wednesday with politicians and union leaders calling for state intervention that could even mean a re-nationalization of the sector.
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This is particularly important because the nationalization of our politics has transformed down-ballot races into likeability contests that center on who can be most trusted by the voters.
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Modern presidents are less constrained not just because of the expansion of the executive branch or because of the nationalization of permanent campaigns but because institutional checks have withered.
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Over the past two decades, one trend in congressional politics – the nationalization of legislative agendas – has gone largely unnoticed in terms of its impact on the leaders' job challenges.
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"We've seen this kind of trend of nationalization of politics up and down the ballot," said Jonathan Kappler, executive director of the center-right North Carolina Free Enterprise Foundation.
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The news, the latest proposal by Labour for nationalization of infrastructure, sent BT shares down as much as 20.7815%, wiping nearly half a billion pounds off its market capitalisation.
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Central planning, nationalization of industry and insecure property rights have turned what was once the wealthiest nation in South America into a failing state at a social breaking point.
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PrivatBank's nationalization is the culmination of the banking sector cleanup, which has closed dozens of lenders that were seen as little more than personal piggy banks for their owners.
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Negotiations are ongoing over difficult issues such as U.S. nationalization compensation claims, Cuba's demand for embargo reparations, extraditing fugitives and the return of the Guantanamo Naval Base to Cuba.
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And we've seen time and time again that nationalization can be a really powerful tool to reorient business toward the social good rather than short-term maximization of profit.
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But some in New Hampshire argue the nationalization of 2020 detracts from the primary's role, and hurts lower-tier candidates who have been out of the debates for months.
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Williamson is right that the new democratic socialists running for office aren't calling for nationalization of industry or the abolition of private property (though some of their cheerleaders are).
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We started this conversation by talking about how the nationalization of American politics may give Democrats a real shot at the House this year that they wouldn't otherwise have.
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Speaking at a specially-convened meeting of Poroshenko's security council, Central Bank Governor Yakiv Smoliy warned reversing the nationalization risked a return to economic instability, higher inflation and currency volatility.
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Conoco last week started several legal actions to satisfy a $2 billion arbitration award issued by the International Chamber of Commerce over the 2007 nationalization of its projects in Venezuela.
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Crystallex is seeking to collect a $1.4 billion award in compensation following a decade-long dispute over Venezuela's 2008 nationalization of Crystallex gold mining operation in the South American country.
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The banker, who was involved in that transaction, said it required bondholders, in the event of nationalization, to reach a "critical mass" of 25 percent before demanding their money back.
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Any mention of nationalization in South Africa is enough to spook investors, since left-wing elements of the ANC have also called for mines and banks to be state-owned.
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The new government of Mauricio Macri is trying to attract foreign capital to the oil industry after a decade of low investment and the nationalization of its main producer, YPF.
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The book charts the pathways through which this nationalization takes place, and they will be intimately familiar to most readers (campaign finance changes, national media markets, nationalized policy planning, etc).
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MOSCOW (Reuters) - Russia does not consider nationalization of aluminum giant Rusal that was targeted by the latest round of U.S. sanctions in April, Kremlin spokesman Dmitry Peskov said on Saturday.
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His party is up for re-election next year, and one of the two opposition parties, the Economic Freedom Fighters, is touting more radical reforms, including state nationalization of land.
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SANTIAGO (Reuters) - Swiss-based mining and trading firm Glencore said it would begin arbitration proceedings against Bolivia over the nationalization of some of its assets by the Evo Morales government.
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Chavez's nationalization drive, which also included the energy and steel industries, has landed Venezuela in dozens of major arbitration disputes, many of which have come to fruition in recent years.
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Malema, who promotes the nationalization of mines and banks, is ratcheting up the rhetoric ahead of local elections in August, where Zuma and the ANC could face a tough test.
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PARIS (Reuters) - The French government is prepared to use all means to support big companies suffering in financial market turmoil, including nationalization if necessary, the finance minister said on Tuesday.
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The change in Labour's leadership is likely to be the biggest factor driving banks and utilities higher, by affirming nationalization is now "off the table," Citi analyst Andrew Coombs said.
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The "nationalization" of those highly localized races will focus on two things: Democrat attempts to highlight the president's sometimes polarizing personality and Republican efforts to focus on the booming economy.
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Those could include either a new short-term contract with the current operators or nationalization, through transferring the running of the network to the government-owned Operator of Last Resort.
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An administration official indicated the teams behind the memo were embracing a private sector-focused approach, as opposed to a nationalization strategy advocated by some in the administration earlier this year.
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Having previously suggested full nationalization of RBS, Labour has been rowing back as it seeks to build bridges to the City of London and ease concerns about a Labour-led Britain.
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"The growing chorus of calls for re-nationalization cannot be ignored by the Conservative government," said Len McCluskey, the general secretary of Unite, Britain's largest union, in a statement on Wednesday.
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Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations.
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Morales's success at the ballot box clearly posed a threat to the corporate elite, many of whom lost money in the re-nationalization of natural resources, such as oil and gas.
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ConocoPhillips seized Venezuelan oil export terminals around the Caribbean recently as payback for a nationalization of its investments, and more than a dozen Venezuelan tankers were forced to retreat to port.
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For instance, the nationalization of the race could motivate Republicans, or the allegations against Moore could depress them and lead many to choose to stay home or cast write-in votes.
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The polarization of public opinion helps explain why the Labour Party's left-wing agenda, including some nationalization and increased spending on health and education, has proved more popular than many expected.
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Offshore assets including U.S. refiner Citgo have long been seen as attractive by investors holding defaulted Venezuelan bonds and companies seeking to be paid back for the nationalization of their holdings.
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He would pay for it in a variety of ways, including a partial nationalization of the electricity industry and assuming that 20 million new jobs would equal trillions in new taxes.
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An adversarial position toward the financial services industry caused problems like prolonged disputes with creditors and the nationalization of private companies — all of which shut Argentina off from international capital markets.
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The change in the party's leadership is likely to be the biggest factor driving banks and utilities higher, by affirming nationalization is now "off the table," said Citi analyst Andrew Coombs.
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And there are indications that Mr. Maduro's government wants to take the underhand liberalization further, even rolling back the watershed nationalization of the oil industry that took place in the 1970s.
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But the growing nationalization of politics and the Democrats' drift to the left doomed a number of candidates running in more conservative states during the 2014 midterm elections, when turnout fell.
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Jeremy Corbyn, the most left-wing leader the Labour Party has seen in decades, has pledged to oversee a revolution of the British economy, complete with the nationalization of public services.
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The authorities have spent nearly $6 billion since the nationalization to plug a hole in PrivatBank's balance sheet, caused by what the government says were fraudulent lending practices and money laundering.
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In Britain, France, Germany and Italy, parties which had once embraced socialism (in Italy's case, communism) clawed away from commitment to nationalization, ever-higher public expenditure and any form of class struggle.
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There has been initial discussion over more difficult issues such as U.S. nationalization compensation claims, Cuba's demand for embargo reparations, extraditing fugitives and the return of the Guantanamo Naval Base to Cuba.
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A Kiev court ruled in April that the nationalization of PrivatBank was illegal but the central bank said on Friday it had appealed the decision, as it had previously said it would.
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JOHANNESBURG (Reuters) - South Africa's ruling African National Congress has adopted a resolution calling for the nationalization of the central bank and land expropriation without compensation, a senior party official said on Wednesday.
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The city was hurt by the Sandinistas' nationalization of the mining industry after Somoza's ouster, and later by a civil war, which pitted Ortega's leftists against the right-wing, U.S.-financed Contras.
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In an interview in La Repubblica newspaper Atlantia CEO Giovanni Castellucci said Autostrade per l'Italia was a key part of the infrastructure group, adding nationalization would be a return to the past.
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Labour is offering more public spending paid for by higher taxes on companies and the wealthy, hundreds of billions of pounds of infrastructure investment funded through borrowing, and a program of nationalization.
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Critics said that Mr. Johnson's tax cuts would not do enough to slow the economic decline in some parts of the country, while Mr. Corbyn's talk of nationalization still worries business leaders.
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Other times, however, it means Soviet-style central planning, or Venezuela-style nationalization of industry, never mind the reality that there is essentially nobody in American political life who advocates such things.
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The government has also been involved in a legal dispute concerning the nationalization of a 49% stake in the massive Erdenet copper project, sold to a private company by the Russian government.
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The bank's strategy includes focusing mostly on retail banking and making only limited forays into corporate lending, said Akchakocha, adding that PrivatBank had implemented a range of changes to its governance since nationalization.
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A former spy of the KGB secret services, Putin's 15 years in power have been marked by the nationalization of private business and an aggressive foreign policy that has hurt Russia Inc. worldwide.
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The plant suffered a fire early last year and fell idle after ConocoPhillips brought legal actions against PDVSA over a $2-billion arbitration award linked to the nationalization of Conoco's projects in Venezuela.
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Now, with Labour gaining in the polls and a general election seen as more likely following a delay to Britain's European Union departure, companies and investors are taking the possibility of nationalization seriously.
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French President Emmanuel Macron has angered Rome by ordering STX's "temporary" nationalization, cancelling a deal in which Fincantieri and another Italian investor had agreed to buy stakes totaling 54.6 percent of the business.
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Honcharuk's government has also tussled with Ihor Kolomoisky, one of Ukraine's wealthiest tycoons who has been fighting to reverse the 2016 nationalization of PrivatBank, the country's largest lender, which he used to own.
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Companies like Royal Dutch Shell, which operates the Brent field, and Exxon Mobil, its co-owner, focused their investments in the West, after a wave of nationalization in the Middle East and elsewhere.
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And a declaration of national emergency would represent one of the most sweeping attempts to use executive power since President Harry S. Truman ordered the nationalization of steel mills during the Korean War.
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Lopez Obrador said it was very likely the government would make an announcement about tenders for the refinery on March 18, a national holiday that celebrates the 1938 nationalization of Mexico's oil industry.
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It wants more public spending paid for by higher taxes on companies and the wealthy, hundreds of billions of pounds of infrastructure investment funded through borrowing, and a large-scale program of nationalization.
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Risk of nationalization If the sanctions waivers aren't renewed and Chevron leaves, the hope is that the company would be able to resume its operations once relations between the United States and Venezuela improve.
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And it is also under threat from Canadian miner Crystallex, which has won a judge's authorization to seize Citgo shares to collect on a $1.4 billion award stemming from a decade-long nationalization dispute.
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Former shareholders in the defunct Russian oil company said they would appeal a Dutch court's finding that they were not entitled to compensation from Russia over the bankruptcy and nationalization of the energy giant.
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BLOW TO IMAGE The authorities have spent nearly $6 billion since the nationalization to plug a hole in PrivatBank's balance sheet, caused by what the government says were fraudulent lending practices and money laundering.
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While references to nationalization as an event of default in bond documentation for utility companies are not new, bankers say its specific inclusion in the Thames Water bonds shows investors are demanding extra protection.
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The legislation would reverse late President Hugo Chavez's energy industry nationalization, allowing private companies a bigger role in Venezuelan oilfields and shrinking state-run oil company PDVSA, according to a draft seen by Reuters.
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LONDON (Reuters) - British water and power firms are trying to soothe nerves over nationalization in the event of a Labour government, although some fund managers and lawyers doubt so-called Corbyn-proofing will work.
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"Among the legal action to be taken include the nationalization of all the diamonds seized after it was established that there was cheating involved in declaring the actual value of the minerals," it said.
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Overseas markets can often offer tough challenges, including legal systems where judgment favors local stakeholders, lack of a transparent or steady regulatory government, and, at times, complete nationalization of investments worth billions of dollars.
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CARACAS (Reuters) - An international arbitration center has ordered Venezuela to pay British cattle company Vestey Group nearly $100 million for the nationalization of cattle ranches, pilling fresh pressure on the cash-strapped leftist government.
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Mr. McDonnell suggested key policies such as re-nationalization could be planned in consultation with trade unions, civil society, consumers and local authorities — providing not just extra accountability, but also another layer of legitimacy.
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The company must come up with $500 million by late November as a first payment to ConocoPhillips after a $2 billion judgment was handed down by international arbiters over the nationalization of Conoco facilities.
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The growing nationalization of American politics — in which races for state office are affected by national politics — means competition comes to red and blue places depending on the current popularity of the national parties.
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PrivatBank's nationalization has so far cost taxpayers $4.3 billion, but an Ernst and Young audit of the lender's 2016 annual report showed additional funds worth $1.5 billion were needed to meet capital adequacy requirements.
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Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao, in efforts to collect on a $2 billion arbitral award linked to the 2007 nationalization of Conoco assets.
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Meanwhile, Valeria Gontareva, who was the governor of Ukraine's central bank in 2016 and made the decision to nationalize Privatbank, says she is the victim of a campaign of harassment because of the nationalization.
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Mr. Corbyn made no apologies for his nationalization plans, but said that once Brexit was settled, his party intended to put hundreds of billions of pounds into green investment and a social transformation fund.
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General Prosecutor Yuriy Lutsenko said in December there was "no easy legal answer" to the question of whether Kolomoisky and PrivatBank stole money, and that Kolomoisky believes he agreed to the nationalization under duress.
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It was a straight-forward document, calling for nationalization of key utilities, access to education, housing, and health services for all, and measures to redistribute income from corporations and the rich to ordinary people.
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BELFAST (Reuters) - Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed.
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In toilet cubicles; off your phone screen in a tent; off a CD case at a house party that gradually but inescapably disintegrates into four people shouting at each other about the nationalization of railways.
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The authorities say overturning the nationalization would rock investor confidence and rupture relations with the International Monetary Fund, which helps keep Ukraine's economy on an even keel with a $3.9 billion aid-for-reforms program.
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The heavy emphasis in Labour's manifesto on the re-nationalization of the utility companies, while justifiable in its own right, is a far from satisfactory formula for promoting social justice in the twenty-first century.
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To assert that Medicare For All — or to use its more honest label, nationalization — would actually produce a better, more effective healthcare system for Americans is a hard sell when one looks at the facts.
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Indeed, the real fork in the road between socialist models of democracy and capitalist models of democracy is that the former have a central place for the nationalization of industry and the latter do not.
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Early in his tenure, President Vladimir V. Putin pursued a policy of controlling the so-called commanding heights of the economy with a nationalization push that elbowed Russian and foreign owners out of strategic industries.
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LONDON (Reuters) - A plan to nationalize parts of BT to provide free broadband to everyone in Britain marks the extent of the opposition Labour Party's nationalization policy, its finance spokesman John McDonnell said on Friday.
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"The whole word will remember this man," said reveler Duncy Fajardo near the iconic National Hotel that hosted Ernest Hemingway and Frank Sinatra, and even known mobsters, before Castro's 1959 revolution led to its nationalization.
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The collapse of this bubble destabilized the global financial system and could only be halted with unorthodox monetary policy and fiscal programs that led to partial or total nationalization of many financial institutions and manufacturers.
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For example, when I spoke in my Birmingham constituency, I explicitly rejected policies like nuclear disarmament, withdrawal from what was then the European Economic Community and wholesale nationalization — key elements in Labour's 1983 party manifesto.
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Far from an unprecedented and radical act, federal government takeovers of one form or another—often called nationalization—have a rich history in American politics, particularly when it comes to navigating out of big crises.
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But the nationalization of rights has now raised the stakes for everyone, immobilized American politics, and is leading to increasing political violence, with abortion providers, politicians and minorities marked in gunsights and mass killings. Ouch.
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Labour's commitment to large-scale nationalization of industry shares this in common with US President Donald Trump's plan to build a wall -- both are massive gambles on the ability of the Big State to deliver.
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The chances that Privatbank could be returned to its former owners were boosted in April when a Ukrainian court ruled (in the last days of former leader Petro Poroshenko's presidency) that the nationalization was illegal.
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Conoco of the United States last week began legal actions in the Caribbean to enforce a $2 billion arbitration award by the International Chamber of Commerce (ICC) over the 2007 nationalization of its projects in Venezuela.
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From the Rust Belt of America to Europe's populist insurgencies, the "re-nationalization" of politics -- or a rejection of globalization and international cooperation that has defined the post-1945 world order -- has become the new vogue.
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The companies are Bechtel in consortium with Techint; WorleyParsons in consortium with Jacobs; and Technip and KBR as sole bidders, Energy Minister Rocio Nahle said at an event commemorating the 1938 nationalization of Mexico's oil industry.
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A Financial Times editorial this week urged against nationalization while leftist author Paul Mason believes it should become a mutually owned business, with permanent state support, and points out steel's usage in the U.K. defense sector.
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A country that had once had a robust education system and some of the most fertile rice paddies in Asia had become one of the world's poorest, thanks to the regime's disastrous nationalization of the economy.
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Conoco has won court orders allowing the company to begin seizing PDVSA assets in efforts to collect on an award by the International Chamber of Commerce (ICC) over the 2007 nationalization of its projects in Venezuela.
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Within minutes of the late-night Cabinet meeting ending, the country's third largest lender issued a statement saying it would formally request state aid, opening the way for possibly the biggest Italian bank nationalization in decades.
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In recent years, a slow creep of nationalization has threatened state insurance regulation, as federal agencies and trade negotiators have increasingly recognized the authority of international regulatory bodies to impose global standards on American insurance firms.
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He's looking to give the energy sector a better deal than some other industries on the investor-state dispute settlement to protect their investments in Mexico in particular, and to safeguard them from nationalization by AMLO.
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"That can be done by recapitalization, that can be done by taking a stake, I can even use the term nationalization if necessary," Le Maire added, without saying which companies could be treated as a priority.
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Searching out malfeasance among state employees — which, thanks to the nationalization programs, was practically everybody — fueled the Cheka, a brand-new "state within the state," as one employee sagely called it, for the next 70 years.
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KIEV (Reuters) - Ukrainian tycoon Ihor Kolomoisky won a major victory on Thursday in his battle with the government over the nationalization of the country's largest bank as a court ruled the change of ownership was illegal.
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LONDON (Reuters) - Britain's Labour Party cautioned smaller parties not to stop it implementing its radical manifesto, including nationalization, if it forms a minority government after Thursday's election, telling opponents they would get "shredded" if they do.
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Silicon Valley Rocked The weight of a nationalized Facebook will come crashing down on Silicon Valley, where regulation is seen as the enemy of innovation and the idea of nationalization was once thought of as absurd.
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The U.S. District Court for the District of Delaware last week ruled that Crystallex could attach shares of PDVH, owner U.S. refiner Citgo, to collect on a $50.13 billion award to compensate it for the 2008 nationalization.
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Yet even if we as a nation collectively decide we want to cultivate state and local political loyalties over national ones, it's not clear how we'd accomplish it, given the nationalization of political identity that Hopkins charts.
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Once one of the strongest economies in Southeast Asia before independence in 1948, Myanmar sank into poverty after decades of central planning and a failed experiment with socialism which involved the nationalization of many of its industries.
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Without giving details, Lopez Obrador said new plans for the company would be announced on March 18, a national holiday in Mexico that commemorates the 1938 nationalization of the country's oil industry and the birth of Pemex.
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But they have regularly argued for the nationalization of a wide range of assets - including mines and banks - and said the central bank should not be owned by private shareholders without a direct interest in the country.
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When Labour elected the pro-nationalization left-winger Jeremy Corbyn as leader in 2015, many wrote off his chances of ever becoming prime minister, describing his manifesto as a throwback to Britain's socialist experiences of the 1970s.
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Fernandez said she does not fear going to jail if it is the political price she must pay for her policies, including generous welfare spending and the nationalization of energy company YPF and the airline Aerolineas Argentinas.
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Mounting efforts to create security and safeguards in the extreme are not the answer -- specifically what some have called data nationalization, which is the requirement of data to be physically stored or processed inside a nation's borders.
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KIEV (Reuters) - Ukrainian businessman Ihor Kolomoisky has filed a lawsuit against the New York-based global consulting firm AlixPartners over their work with the Ukrainian central bank around the nationalization of PrivatBank, Kolomoisky told Reuters on Friday.
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The central bank says that reversing the nationalization would rock investor confidence and sour relations with the International Monetary Fund, which helps keep Ukraine's economy on an even keel with a $3.9 billion aid-for-reforms program.
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President Andres Manuel Lopez Obrador has shown considerable largesse in his efforts to save Mexico's largest company, which came into being as the result of an oil nationalization in 1938 and is a source of Mexican pride.
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"It's so important...to have the nationalization done speedily, to have an answer about what the future of the airline is in terms of its structure in the next five years," he told Reuters in an interview.
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In its manifesto launched on Thursday, Labour unveiled a plan to spend almost 83 billion pounds on a program of widespread nationalization and free public services with the revenue coming from taxes on high earners and corporations.
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KIEV, Dec 19 (Reuters) - A Ukrainian appeal court adjourned hearing a case on Thursday about the nationalization of PrivatBank, pending the outcome of decisions in other cases, representatives of PrivatBank and the central bank said on Thursday.
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In a bid to boost efficiency, the government wants to end rail workers' jobs-for-life, automatic annual pay rises and early retirement rights — benefits that date back to the nationalization of the SNCF in the 1930s.
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On Ukraine's largest bank PrivatBank's legal case with former shareholder Ihor Kolomoisky, which is due to resume, she said as the regulator the central bank had made "the right decision" to order its nationalization over funding concerns.
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"The labor ministry targets aim to create jobs for around 1.3 million Saudis...There are plans for gradual nationalization of other sectors such as taxis, travel and tourism, real estate, jewelry and vegetable markets," he told Reuters.
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France angered Italy in July by ordering a "temporary" nationalization of STX, cancelling a deal in which Fincantieri and another Italian investor had agreed to buy 55 percent of the firm, based in Saint-Nazaire in western France.
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The reform of the SNCF is the biggest since France's nationalization of the railways in 1937; it will phase out the SNCF monopoly in domestic passenger rail and end hiring on more protective contracts than in other sectors.
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It would take years for legislation to begin to truly shift the racist current of American society — beginning with the Civil Rights Act of 21.7, and continuing with landmark laws like the Immigration and Nationalization Act of 1965.
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In an interview with Reuters, Mario Centeno also said he did not rule out any option for the future of Novo Banco, including potential nationalization if Portugal failed to agree terms with one of the ailing lender's suitors.
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The EFF, formed by former ANC youth leader Julius Malema in 25, has built its agenda on highlighting state graft and championing radical economic reforms the ANC has avoided, such as mine nationalization and land expropriation without compensation.
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Canonica, a former head of the Geneva bar association, referred to a period after the 1981 election of French President Francois Mitterrand, which he said drove French fearful of nationalization to place their money in offshore Swiss accounts.
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In his untitled paintings from 1958, Pezeshknia — who ultimately had leftist sympathies and championed the nationalization of the Iranian oil industry in 1951 — depicts tired, hard workers, physically affected by the difficult conditions of their oil-related jobs.
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CNN's KFile previously reported that Sanders had argued for nationalization of the energy companies and the public ownership of banks, telephone, electric, and drug businesses, along with the major means of production, such as factories and other capital producers.
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The government will "evaluate on a case-to-case basis if the public interest is best served by forms of nationalization or by renegotiating current contracts so that they are less tilted in favur of the concessionaires," he added.
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Kemble Water Finance, the holding company for Thames Water, referenced "the occurrence of a nationalization event" in an updated prospectus for four existing sterling denominated bonds listed on the Irish Stock Exchange that were made public on April 5.
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CARACAS, April 26 (Reuters) - Venezuela said on Thursday a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a "tough lesson" for the U.S. oil multinational given it was less than 10 percent of the original claim.
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While references to nationalization as a default event for utility companies are not new, several lawyers said they are seeing a surge in company inquiries about inserting such clauses, as well as an increase in investment firms seeking advice.
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Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao, in efforts to collect on a $2 billion arbitral award linked to the 2007 nationalization of Conoco assets under late leader Hugo Chavez.
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At stake in cases like Rifle and Pistol is the possible nationalization of disastrous policies from pro-gun states — not just loosened gun laws but also pre-emptions of how state or local governments can decide what works best.
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LONDON (Reuters) - Britain's efforts to help find a buyer for Tata Steel's UK assets will comply with European Union state aid regulations, Business Secretary Sajid Javid said on Sunday, insisting any deal would not be a bailout or nationalization.
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The reform, the biggest since railway nationalization in the 1930s, has turned into a test of President Emmanuel Macron's determination to pursue a raft of economic reforms as his first of five years in power comes to an end.
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There's a stark truth here: Wilber helped to overthrow the Iranian government at the behest of the US (and UK) government, who sought to prevent the nationalization of the Iranian oil industry which was bound to happen under Mosaddegh.
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A Bashneft sale to a private buyer would represent a significant turnaround for the world's largest energy industry, coming more than 279.2110 years of consolidation and nationalization which allowed the Kremlin to regain control after a chaotic privatisation in the 1990s.
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KIEV, April 18 (Reuters) - Ukraine's Prime Minister Volodymyr Groysman said on Thursday the finance ministry was sure of its legal position as it gears up to challenge a court decision on the 2016 nationalization of PrivatBank, the country's largest lender.
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ConocoPhillips said in October it had received $345 million in the third quarter from PDVSA as part of a four-year deal to settle a $2 billion arbitration award stemming from the loss of assets during a 2007 nationalization drive.
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Adding to the negative headlines, U.S. oil giant ConocoPhillips in a lawsuit described the swap and a number of other operations involving Citgo as "fraudulent," accusing PDVSA of illegally transferring assets to avoid paying compensation in long-running nationalization dispute.
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But rather than harking back to the nationalization and executive wage caps of 1970s left-wing politics, they think governments should support communities to create new, participatory forms of economic activity that can tackle social inequality while also restoring planetary health.
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Should a nationalization event occur - defined as a government agency acquiring all or a majority of issued shares - investors will be able, but not obliged, to declare outstanding notes and accrued interest immediately due and payable, according to the prospectus.
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Since its formation in 2013, the EFF, which draws much of its support from the rural poor, has called for the nationalization of mines, banks and other strategic sectors of the economy as well as expropriation of land without compensation.
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"Make no mistake - the facile, breezy discussion on nationalization under way on the hard left of the UK's political spectrum is just as wrong-headed as the Brexit fantasy world inhabited by some on the hard right," he told the conference.
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"I am not aware that a nationalization is a doable path under current rules," Alberto Bagnai, the head of the senate finance committee, told Milano Finanza on Saturday when asked whether it would be better to put Carige in state hands.
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Sanders made the comments when he was running for US Senate at the time under the banner of the Liberty Union Party, a self-described "radical political party" that advocated nationalization of industries and redistribution of wealth to tackle inequality.
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Venezuela's multiple creditors are considering accelerating claims on unpaid foreign debt, while oil major ConocoPhillips has been taking aggressive action in recent weeks against PDVSA, as part of its claim for compensation over a 2007 nationalization of its assets in Venezuela.
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World Briefing LONDON — Prime Minister David Cameron of Britain emerged from an emergency cabinet meeting on Thursday to say that the government would do all it could to preserve the British steel industry but that nationalization was not an option.
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Bolivian state attorneys defended the actions of the Morales' administration, saying in a statement that the original privatization by a previous government had not been handled properly and that nationalization had been "in the public interest and for social benefit".
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"Macron is picking his fights right now in French public opinion, and dropping the tool of nationalization is not one of them, given what he has to do in terms of cutting budgets and implementing labor market reforms," Ms. Krumbmüller said.
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Russia's central bank moved to dismiss intensifying concerns that a brewing systemic crisis could be forthcoming on Thursday, as it said its second major bank nationalization in three weeks had prevented a "domino effect" in the country's ailing banking sector.
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ConocoPhillips said PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings.
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The shakeup of the state-owned SNCF, a flagship reform for President Emmanuel Macron as well as the biggest reform of the railways since nationalization, is set to go onto the statute books, having been approved in both houses of parliament.
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Nonetheless, British markets have also risen since the campaign began, reflecting the prospect of a Conservative victory that would not only reduce the chances of a no-deal Brexit but also avoid the nationalization ambitions of the opposition Labour Party.
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KIEV (Reuters) - A Ukrainian court ruling that the nationalization of the country's largest bank, PrivatBank, was illegal also said that parties related to the bank's former owners should be excluded from the legal case, the central bank said on Friday.
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In August, an American judge declared that Crystallex, a Canadian gold company whose assets were seized in a 2008 nationalization move by Hugo Chávez, the Venezuelan president at the time, could seize Citgo assets as part of a repayment scheme.
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President Donald Trump's reelection team is backing a controversial plan to give the government a role in managing America's next-generation 25G wireless networks — bucking the free market consensus view of his own administration and sparking wireless industry fears of nationalization.
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Exxon and Conoco left the country amid a nationalization wave last decade by late President Hugo Chavez, while operations at the facility part-owned by Chevron have all but ground to a halt - in part due to extended blackouts in March.
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In one of his most daring reform plans so far, President Emmanuel Macron wants to scrap the job-for-life guarantees and other sizeable perks for all new hires at the SNCF, a bastion of organized labor since nationalization in the 1930s.
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This week's municipal elections have shown just slender nationwide gains for Julius Malema's red beret-wearing Economic Freedom Fighters (EFF), who are demanding nationalization of mines and banks and a redistribution of wealth to poor black people as antidotes to still-glaring inequality.
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Last year, a judge ruled Crystallex could seize shares in Citgo and auction them in its bid to get paid on a $1.4 billion award tied to the 2008 nationalization of its gold mining operations by the now cash-strapped South American country.
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The U.S. District Court for the District of Delaware granted Crystallex's request to take ownership of shares in PDVSA subsidiary of PDVH, which owns U.S.-based refiner Citgo, as part of a decade-long dispute over the 2008 nationalization of Crystallex assets.
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"The investor group agreed to exchange around $11m (in) deposits in Promsvyazbank for fixed-rate notes which were claimed to be 'safe investments' and offer a higher rate of return," Withers said in a statement, adding that nationalization made the notes worthless.
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U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions.
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The radical left party has collected large chunks of support in working class areas, and is seen likely to gain further ground in forthcoming polls after scoring several political victories and championing economic causes such as mine nationalization and redistribution of land.
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"After the nationalization, Ukraine has continued to target the bank's former shareholders with untrue allegations and trawl through the bank's affairs with outside advisers in an effort to find ex post facto justifications for expropriating the bank without compensation," the notice said.
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Jeremy Corbyn, the leader of Britain's opposition, unveiled the party's most left-wing agenda in a generation, which includes a $100 billion tax increase on the wealthy to pay for a sweeping nationalization program and hikes in spending for education and health care.
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As many claimed at the time, this was effectively nationalization without subsequent direction of the companies: Though it did demand some standards and regulations in return, the government chose not to exercise all that much say over how those companies were run.
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The reason for even considering nationalization of part of the system is that China "has achieved a dominant position in the manufacture and operation of network infrastructure" and it's "the dominant malicious actor in the Information Domain," the document said, according to Axios.
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Labour's Shadow Chancellor John McDonnell told CNBC's Willem Marx on Monday that nationalization has already been a proven success in the United Kingdom, highlighting the post-war era when Labour brought utilities into public hands under the then Prime Minister Clement Attlee.
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PARIS (Reuters) - Among Jean-Luc Melenchon's most eyecatching policies are a 100-billion-euro economic stimulus plan funded by government borrowing, corporate nationalization in sectors such as the motorway network, devaluation of the euro currency, withdrawal from NATO and possible exit from the European Union.
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The decision follows a similar one against Japanese bank Nomura last month, in what Crystallex says is a broad campaign it is waging to seize Venezuelan assets held in the United States as recompense for the 2008 nationalization of its Las Cristinas gold mine.
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Speaking in Mexico City on the 80th anniversary of the nationalization of the country's oil industry, Lopez Obrador also said that within three years of his possible six-year term, Mexico would stop buying foreign fuel, following extensive upgrades of the country's refining sector.
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Some major shareholders in water companies are seeking to safeguard their investments from nationalization should the left-wing Labour Party win power, by shifting their stakes to holding companies in Hong Kong, according to investment industry and legal sources with knowledge of the matter.
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Unfortunately, due to ill-considered nationalization of the flood insurance program in 2628, the threat of continued illegal regulation of flood insurance by federal lending regulators and the insertion of severely flawed technical language in previous reform legislation, private flood insurers have been unfairly disadvantaged.
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The National Socialist Movement, which many white supremacists belong to and which may be the leading white supremacist organization in the country, calls for a livable wage, the nationalization of corporations, green energy measures, socialist healthcare reforms and the communalization of big department stores.
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Mr. Trump exploited this nationalization of politics by campaigning mainly from his Twitter feed, from the green room of cable networks and from the arena stage, rather than spending time and money on his ground game, local ads or intimate campaign appearances in Iowa diners.
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" In early 2018, the central bank released the findings of an investigation by corporate investigations consultancy Kroll that said that, prior to nationalization, Privatbank had been subjected to "a large-scale and coordinated fraud over at least a 10-year period ending in December 2016.
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Mr. DeSantis's rise also reflects the broader nationalization of conservative politics, in which a willingness to hurl rhetorical lightning bolts at the left, the media and special counsel Robert S. Mueller can override local credentials, local endorsements and preparedness for a state-based job.
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Tom Mann puts it this way: The nationalization of politics, the rise of intense negative partisanship, and the demise of split-ticket voting mean that the electoral fate of Democrats representing marginal districts now depends much more on the party brand than the candidate brand.
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In a forthcoming book on the nationalization of politics, The Increasingly United States, political scientist Daniel J. Hopkins estimates that in the 2014 midterms, there was near-perfect (0.93) correspondence between county-level voting patterns for the president in 2012 and the governor in 2014.
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HOUSTON (Reuters) - Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of late President Hugo Chavez's energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run PDVSA, according to opposition advisers and a draft seen by Reuters.
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Former oil czar Rafael Ramirez, who oversaw Chavez's push to boost the state's role in the oil industry, in a 2005 speech to Congress said the arrangements were illegal because they handed over oilfields to private companies in violation of the 1970s oil industry nationalization.
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CARACAS, Aug 10 (Reuters) - Canadian miner Crystallex has demonstrated that Venezuelan state oil company PDVSA and Venezuela's government are not separate entities, a U.S. court said in a ruling released on Friday, a crucial step in a 10-year dispute over the nationalization of Crystallex's assets.
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But the nationalization of politics appears to have created a dynamic in which nomination contests are more about who you are than what you've done, in a way that favors deep engagement with the national media ecology over the inevitable fuzziness that comes with running an institution.
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The idea played well in his trendy West Berlin milieu, but East Germany, whose slow, stinking "Trabi" car made its auto industry the butt of a thousand jokes, had other memories of nationalization, said Eberhard Brecht, a former SPD mayor of the eastern town of Quedlinburg.
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As a result, some local observers fear that a poor showing by them would signal the end of our retail politics tradition, spell trouble for our jealously protected status as the first-in-the-nation presidential primary and represent a nationalization of the presidential selection process.
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"Election outcomes are relevant to corporate decisions, as they have implications for industry regulation, monetary and trade policy, taxation, and, in more extreme cases, the possible expropriation or nationalization of private firms," Brandon Julio, a professor at the London Business School, wrote in the Journal of Finance.
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"Judging by the current state of public opinion [in Russia], future changes are likely to include stricter political control, further nationalization of private property, further shutting down the economic space, and new processes that make economic transactions in the country less sophisticated and more inefficient," Movchan said.
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French President Emmanuel Macron angered Rome by ordering STX's "temporary" nationalization last month, cancelling a deal in which state-owned Fincantieri and another Italian investor had agreed to buy a total of 54.6 percent of STX France, sold because of the collapse of its South Korean parent.
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HOUSTON/CARACAS (Reuters) - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions.
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With policies like the nationalization of rail and energy companies, a higher minimum wage and higher taxes on the top 5 percent of earners, the Labour Party succeeded in recapturing some voters who had been won over by the pro-Brexit, anti-immigrant U.K. Independence Party.
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For Sanders, supporting the dissolution of the big banks or the nationalization of health insurance or free college tuition isn't so much about the details of his plans but about showing that he's on the side of the working class and unafraid to take on moneyed interests.
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HOUSTON, March 12 (Reuters) - Venezuela's interim government led by congress head Juan Guaido is preparing new legislation to reverse late President Hugo Chavez's energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run PDVSA, according to sources and a draft seen by Reuters.
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"What's changed seems to be the result of the relatively recent nationalization of state campaign financing," Morgan Kousser, a professor of history at Caltech (and, as it happens, Thad Kousser's father), wrote in an email: The Koch brothers understand the importance of controlling state legislatures; George Soros doesn't.
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In Argentina, where a new pro-market government took over in December after years of leftist rule, FDI jumped 130 percent, though ECLAC said that change was due to a low comparison base after the disinvestment from the nationalization of state-oil company YPF was realized in 2014.
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Republicans and Democrats will experience more success if they recognize the challenges of nationalization and take steps to give rank-in-file members the space and flexibility they need to retool these agendas (or how they talk about them) to better fit the political dynamics of their districts.
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"It's up to him to ask God's forgiveness, but I would like to suggest to you that the man owes America an apology, and he should ask conservatives for America for forgiveness for supporting billions of dollars of bailouts, for pulling for the nationalization of our banks," he said.
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Yet hope for democracy and social justice in modern Iran has been replicated time and again through political struggles, from the constitutional revolution in 1911, the oil nationalization movement in 1950, the revolution in 1979, the green movement in 2009 and the most recent protests led by the poor.
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The last two decades in Venezuela have seen the creation of a puppet National Assembly and Supreme Court loyal to Mr. Chávez and Mr. Maduro; the end of term limits; the nationalization of private enterprise; and, above all, the rise of an elite governing class living on oil wealth.
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His critics are also trying to paint him this way — but many of the policies Labour is promoting in its 2019 manifesto, such as more money for the National Health Service, more affordable housing, and evens some of those the nationalization plans, are pretty popular with the general public.
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"These initiatives coincide with other efforts to prepare Russia for large-scale conventional warfare, such as massive 'snap' exercises, reformation of the reserve system, exercising wartime command and control relationships, and testing the nationalization of the industrial base in the event of a transition to a wartime footing," O.E. Watch stated.
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This is the first time that Thames Water or Kemble Water Finance have included a specific "nationalization put" though an offering circular from October does make reference to the risk of renationalization of the water industry, as well as listing change of control of the company as an event of default.
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With Mr. Corbyn at its helm, the party tacked firmly to the left, proposing to tax the few for the benefit of the many and offering major national investment projects, funding for the welfare state, the scrapping of university tuition fees and the re-nationalization of rail and energy companies.
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Despite years of investment from majors airlines such as Air France-KLM and Etihad Airways, the Italian government announced the re-nationalization on Tuesday as part of an economic stimulus following a years-long attempt to find a buyer for the struggling airline tasked with connecting Italy with the world.
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Mr. Malema was once one of Mr. Zuma's most fervent backers and formed his own party after being expelled from the A.N.C. Mr. Malema has often expressed his admiration for President Robert Mugabe of Zimbabwe, and has espoused the nationalization of mines and the expropriation of land from white South Africans without compensation.
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Brian Hooks, the chairman and CEO of Stand Together, told attendees that he sees ideas borne out of socialism and nationalism as a threat to America, pointing to what was described as trade protectionism, class warfare, the demonization of immigrants, and nationalization of industries, according to a person familiar with the matter.
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So, Never Trumpers, if you want Clinton to finish the job of the nationalization of the healthcare system, keep bashing Trump, but don't come back in 2017 trying to set the conservative position against HillaryCare when you accepted that outcome through your general election activities, making it a virtual impossibility to stop.
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During this time, Sanders and Liberty Union argued for nationalization of the energy industry, public ownership of banks, telephone, electric, and drug companies and of the major means of production such as factories and capital, as well as other proposals such as a 100% income tax on the highest income earners in America.
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American Jews affiliated with the Reform and Conservative movements tend to experience their current rejection by Israel as merely the politicization, or nationalization, of an Orthodoxy-privileging process that originated with Israel's rabbinates, in their refusal to recognize non-Orthodox Jews as Jews and their prohibition of women from full participation in Jewish ritual life.
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It refers to the nationalization of 22G as the "25st century equivalent of the Eisenhower National Highway System," a reference the 2275s-era federal project to build out the US interstate highway system, and makes the case that a 25G-focus is essential to protect America from both national security and competitive threats from China.
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Appealing to the young, especially in the big cities, Mr. Corbyn ran on a platform promising more social justice, free college tuition, more money for the National Health Service and welfare, the re-nationalization of the railways and utilities, and much higher taxes on corporations and those earning over £80,000, about $104,000, a year.
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There have been flashes: the pre-Revolution strikes at the Cananea Mines in Sonora, and the Rio Blanco Cotton Mill in Veracruz; the oil workers' strike that led to nationalization in 1938; a major railroad workers' movement in 20003-59; electrical workers unions during the 1970s and 80s; the telephone workers union since 1976.
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In a letter to Secretary of State Mike Pompeo and Secretary of Defense Jim Mattis, Republican Senator Marco Rubio and Democratic Senator Chris Coons said they were concerned about Djibouti's termination of a contract for the Doraleh Container Terminal with United Arab Emirates-based DP World in February and the nationalization of the port in September.
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S. trade deal stoke risk appetite * BT falls on Labour nationalization pledge Nov 15 (Reuters) - London's FTSE 100 followed global peers higher on Friday as hopes of an imminent U.S.-China trade deal were rekindled by comments from a senior U.S. official, while BT slipped after Britain's opposition party vowed to nationalize parts of the telecoms provider.
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In "All Politics is National: The Rise of Negative Partisanship and the Nationalization of U.S. House and Senate Elections in the 21st Century," Abramowitz and Webster make the case that To a greater extent than at any time in the post-World War II era, the outcomes of elections below the presidential level reflect the outcomes of presidential elections.
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The country had apparently wandered into the worst of two worlds: nationalization of the means of production (largely achieved by Clement Attlee's postwar Labour government) could offer no magical respite from the market—which had decided, for instance, that it didn't want badly made British cars—and so it simply insured that capitalism was being done poorly.
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In a letter to Secretary of State Mike Pompeo and Secretary of Defense Jim Mattis, Republican Senator Marco Rubio and Democratic Senator Chris Coons said they were concerned about Djibouti's termination of a contract for the Doraleh Container Terminal with United Arab Emirates-based DP World in February and the nationalization of the port in September.
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For millions around the world, he remains a defiant figure: the handsome, cigar-chomping leader who attended UN meetings in olive fatigues, comfortably gossiped with Cuban peasants without security guards and challenged the hypocrisies of American politicians who balked at his close ties to the Soviet Union and nationalization of Western industries on the island but were willing to support pro-capitalist dictators.
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Before its second nationalization in 2014, Bashneft had been preparing for a secondary listing in London and even hired bank Morgan Stanley to advise on the potential secondary share placement, but the plan had to been abruptly scrapped LUKOIL, which was created soon after the collapse of the Soviet Union, already produces as much oil as OPEC nations Angola or Nigeria.
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Corbyn cut his teeth as a community activist in the 1970s and never lost the ardor, working in recent years to undo the "neoliberal" policies of his predecessors, Tony Blair and Gordon Brown, by putting the nationalization of British industries back on the map, proposing tougher tax regimes and capital controls, and, separately, conducting outreach to highly questionable "friends" in Hezbollah and Hamas.
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This dissonance of words and actions is the Canadian government's signature Trudeau-era balancing act of performative even-handness, in which the prime minister repeats nice things about "reconciliation," then uses government force to override Aboriginal will: In 2018, Mr. Trudeau ensured the expansion of a major tar sands oil pipeline, the Trans Mountain, by ordering a $3.5 billion nationalization of the line.
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A recent Politico study, which found that Donald Trump outperformed Mitt Romney in areas without a robust local media, put numbers to something I've felt intuitively since the 2016 election: that the nationalization of the media (a movement that includes websites like Vox) has been good for news junkies but not as good for those who want and need news about their local communities.
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