Returning it to state ownership would have significant startup costs.
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The party also wants strategic assets returned to state ownership.
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Expanded state ownership is a poor way to cure economic ailments.
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Expanding state ownership is the wrong way to tackle such ills.
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In Britain, meanwhile, nostalgia for state ownership is on the rise.
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This reflects its state-ownership and strong control by the authorities.
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Today, after nine years of losses, it remains in state ownership.
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Neither is the government convinced about the benefits of state ownership.
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This reflects Cinda's state ownership and strong control by the authorities.
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Reducing state ownership of commercial banks could promote competition in financial services.
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Complicating matters, Wyoming is a patchwork of federal, private and state ownership.
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So, partial state ownership of major industries, is that what you are advocating?
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Because of prior state ownership, large companies typically did not function with a strict budget.
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In the end, French state ownership proved temporary, and a Franco-Italian deal was swiftly renegotiated.
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But under state ownership it has guzzled public funds as hungrily as its jets consume kerosene.
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Fitch expects PR to be converted to public company with 100% state ownership in 2018-2019.
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Still, she wanted to see a reduction in state-ownership and rise in private sector participation.
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But in the 1970s economists came to see state ownership as a costly fix to such problems.
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They consider its 99.9% state ownership, policy role and strategic importance to Nigeria's economic and industrial development.
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The ANC resolved at a party conference in December 2017 to move it into full state ownership.
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The ratings continue to reflect the insurers' 100% state ownership and capital support from the state when needed.
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Mr. Newsom has suggested that state ownership or a cooperative as Mr. Liccardo has proposed could be options.
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Some observers question why state ownership was needed and why the government did not just boost funding instead.
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Mr. Corbyn has pulled the party back to the harder left, promising more state ownership and economic intervention.
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Such enthusiasm for state ownership smacks of a philosophy long since abandoned by leaders on both left and right.
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"This is my socialism," Mr Blair declared in 22005 while abolishing Labour's commitment to the state ownership of firms.
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AVTODOR's ratings take into account the company's special legal status, tight control by the government and sole state ownership.
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The draft, revealed late on Sunday, offers investors exemptions from labor laws, real state ownership restrictions and other regulations.
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For a country like China, where state-ownership has historically been high, this is a matter of particular concern.
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State-ownership is a sensitive subject in Finland where many think the government should do more to protect Finnish jobs.
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The cosmetics-to-chemicals group was founded in 1898, nationalised in the 1950s and enjoyed boom times in state ownership.
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This potential support is based on full and willing state ownership and CGD's market leading position in the Portuguese market.
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Like Klein, Gore is not talking about dispensing with capitalism in favor of state ownership of the means of production.
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The protest announced on Tuesday was aimed at the centre-right government's plans to reduce state ownership in the company.
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There has been a fundamental shift away from manufacturing and towards services, and from state ownership towards the private sector.
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Advocates say that state ownership would be more responsive to the preferences of the people who wish to use the land.
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State ownership of many industries has led to inefficient growth fueled by high levels of debt that China must reckon with.
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This could lead to a spate of rating downgrades if state ownership shrinks to a minority stake, said Fitch on Wednesday.
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Risk in Vietnam lies around continuing to improve the alignment between shareholders and corporations, as many companies retain significant state ownership.
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Like many Iranians, he blamed politicians and an ideology that has left roughly 20163 percent of the economy under state ownership.
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With them, the Nonpartisan League campaigned across the state, courting agriculture workers to their cause of expanding farmers' protections through state ownership.
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Some 60% of Britons now support a return to state ownership, according to a poll published last month by Sky, a broadcaster.
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The FDP has long opposed state ownership of listed companies but the SPD and CDU have always rejected its calls for privatisation.
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But long-term state ownership would be as bad for Saint-Nazaire as it has been for French industry as a whole.
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"At major European companies, both free float and direct state ownership are present," Andrea Bartfai-Mager told a meeting of Hungarian economists.
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Fitch's expectation is based on BNG's state ownership, and its important and long-lasting policy role in financing the Dutch public sector.
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A successful stake sale would reduce state ownership in Vinamilk, Vietnam's biggest listed firm, to 36 percent, enough to retain veto rights.
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QTC and Debt Ratings QTC's ratings are credit-linked to those of Queensland through the state's statutory guarantee and QTC's 100% state ownership.
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A return to state ownership is only a remote possibility; Mr Di Maio's coalition partners from the right-wing Northern League are unconvinced.
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Even without the drag of state ownership, other South American airlines have recently either lost money or made only meagre profits (see chart).
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Friday's AGM was the first since the ruling African National Congress agreed in December to move to full state ownership of the SARB.
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DSA stands steadfastly for "social ownership" of capital—a plan that appears to mix some state ownership with the institution of workers' cooperatives.
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The most obvious explanation is ideological: As a career Communist, he retains a bias toward state ownership as a form of political control.
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Yet he, too, remained committed to state ownership, and his successor, Hu Jintao, proved even more committed to steering development through state planning.
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This is reflected in 100% state ownership, strong government oversight of WSAM's financials and the strategic importance of the entity's operation to the government.
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As a minister I am not looking to keep 25 percent of the banking system in state ownership, there is no justification for that.
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"National state ownership has historically tended to be too centralised, with power in the hands of a private and corporate elite," the report argues.
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This is reflected in 100% state ownership, strong government oversight on its financials, and the strategic importance of the entity's operation to the government.
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IBK considers this funding to be virtually perpetual; extensions to the loan are likely due to the bank's state ownership and longstanding development role.
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This is reflected the entity's 100% state ownership, strong government oversight of its financials, and strategic importance of the entity's operation to the government.
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The equalisation with the sovereign rating reflects the policy roles of the two banks, government support of the banks' funding and majority state ownership.
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This is reflected in YIG's 20163% state ownership, strong provincial oversight on its financials, and strategic importance of the entity's operation to the entire province.
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On the other, it puts the land under state ownership leaving people no choice but to take the compensations offered or be left with nothing.
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The acting head of the state ownership department Jarmo Vaisanen told Reuters that there were no plans at the moment to cut the stake further.
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In Europe state ownership became popular after the second world war, and France under President François Mitterrand nationalised banks and industrial firms in the 1980s.
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Across the continent, politicians are seeking to influence business using a range of tactics including regulation, nudging managers to do deals and boosting state ownership.
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Labour, led by veteran socialist Jeremy Corbyn and close to the ruling Conservatives in opinion polls, has pledged to bring utility companies into state ownership.
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The logical region for mergers is Europe, but enmeshed state ownership of automakers and labor politics prevents a Marchionnian elimination of redundancy from gaining traction.
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Irish Life and Permanent was broken up during the restructuring of the sector and its banking arm, permanent tsb , remains under 75-percent state ownership.
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The ratings also reflected the company's 100% state ownership, strong government oversight on its financials, and strategic importance of the entity's operation to the government.
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The site moved from private ownership to state ownership in the 1970s, and it is now a public park that receives 4 million visitors annually.
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But its ruling Law and Justice (PiS) party, with an eye on local elections in October, is also working to return strategic assets to state ownership.
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Before last year's proposals on state-ownership, the backers had hoped to be operating the planned 2-billion-euro cable between Norway and Scotland by 2023.
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"[N]ational state ownership of the grid and infrastructure of electricity and gas sectors could be combined with local, regional and community ownership," the report says.
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Adel al-Saeed, a spokesman for the prosecutor's office, said the tycoon transferred 75 percent of his wealth to state ownership, including land, agriculture, and hotels.
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Irish Life and Permanent was broken up during the restructuring of Ireland's financial sector and its banking arm, permanent tsb, remains under 75 percent state ownership.
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The Liechtensteins' presence in Valtice ended after World War II, when they were forced to leave Czechoslovakia, and all their properties were transferred to state ownership.
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KEY RATING DRIVERS The rating and Outlook mirror Belarus's 'B-'/Stable Local Currency Long-Term Issuer Default Rating (IDR) and reflect the insurer's 100% state ownership.
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The euro zone member has been reluctant to sell its major banks in the past, saying state ownership of important banks was in the national interest.
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Excessively cheap and easy access to capital for government-chosen priority sectors and state ownership of large chunks of the economy creates all kinds of problems.
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But he made no apologies for wanting to bring some services into state ownership, because that is part of his plan to tackle inequality, he said.
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But campaigners say the program has caused more evictions of families assigned low cost housing previously under state ownership which has added to the housing crisis.
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SLIC's ratings reflect its established franchise and market position in Sri Lanka, 99.9%-state ownership and importance to the government as the largest state-owned insurer.
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The expectation is also backed by the banks' 100% state ownership and a long history of support from the central government to the banks, including capital injections.
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Lloyds, which has returned to profit and emerged from state ownership in May, denies the claims and says the bank and the ex-directors all acted properly.
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And they say state ownership of lenders and of many large corporate borrowers means Beijing can head off a default or foreclosure that might spark a crisis.
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Chinese Vice-Premier Liu He has attempted to calm markets by describing state ownership as a measure that can be reversed when business improves for private companies.
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The group ran on a platform pushing for the establishment of state-owned banks, state ownership of various agricultural apparatuses like mills and elevators, and farm insurance.
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This is reflected in the 100% state-ownership of Jiangsu NHL, strong municipal oversight of its financials and strategic importance of the entity's operation to the municipality.
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INK stands out in the Russian oil sector, more than half of which is in state ownership, and is dominated by massive players like Rosneft and Lukoil.
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INGRAHAM: So what you are advocating for is a more, what, generous redistribution of wealth and combination of partial state ownership of industries, a combination of that?
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"If state ownership was a guarantee of success, then we would not have lost 1 million industrial jobs in 10 years," he told the German daily newspaper.
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This is reflected in the 2852% state-ownership of Jiangsu NHL, strong municipal oversight of its financials and strategic importance of the entity's operation to the municipality.
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After the fall of communism, however, state ownership of teams became unfashionable, and Steaua was spun away from the army sports association, CSA Steaua Bucharest, in 1998.
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Monte dei Paschi, currently under state ownership following a bailout in 2017, is expected to take a decision at the end of January, according to the sources.
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Shares had tumbled to a record low earlier this week when Jefferies analysts said the risk of state-ownership was likely to keep potential investors on the sidelines.
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The SRFs of Ziraat, Halk and Vakif continue to reflect their (i) state ownership (ii) policy roles (Ziraat, Halk) (iii) systemic importance, and (iv) significant state-related deposits.
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Some favor state ownership of the means of production, while others want to privatize prisons; some seek to put politics under religious tutelage, while others are stridently secular.
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This view takes into account the banks' 100%-state ownership, policy roles, high systemic importance, and the track record of capital support for the banks under different governments.
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State ownership would not necessarily result in better maintenance of the utility's distribution system, said Catherine Sandoval, a professor at Santa Clara Law School and former CPUC commissioner.
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Nasdaq Dubai-listed DP World soared 23.6400% after announcing that it would delist and return to full state ownership in a deal valuing the company at $13.9 billion.
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"New instruments for state ownership should not be used to fend off company takeovers, they should only support projects of new technologies," BDI director general Joachim Lang said.
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"Even with market pressure, it will take some convincing, given UASC's state ownership," the source said, adding that Hapag-Lloyd is likely to gain most from a tie-up.
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This reflects the 100% state ownership of HIDG, strong municipal control and oversight, strong strategic importance of HIDG to the municipality and its mid-range integration with the government.
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Fitch expects support for BOC and People's Bank to stem from their high systemic importance, quasi-sovereign status, role as key lenders to the government and full state-ownership.
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Fitch believes that if the reform plan proceeds, it may involve the introduction of private capital, reduction in state ownership - but not control - and some increase in management autonomy.
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We continue to believe that the authorities have a high propensity to provide support to DBN given its role, status and 13% state ownership by the Ministry of Finance.
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He died in 2013, but many economists say his policies of state ownership, unfettered spending, subsidies and domestic price controls are at least partly responsible for the crisis today.
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Beyond the mishandling of the euro, members are now considering greater government intervention in the economy, including increasing state ownership in key companies, in an effort to counter China.
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China Huarong is credit-linked to the Chinese sovereign (A+/Stable) and rated one notch below the sovereign, reflecting the company's state-ownership and strong control by the authorities.
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Its shares had tumbled to a record low earlier this week when Jefferies analysts said the risk of state-ownership was likely to keep potential investors on the sidelines.
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DERIVATION SUMMARY Singtel's 'A+' ratings include a one-notch uplift above its standalone ratings to reflect Singapore's majority state ownership, in line with Fitch's Parent and Subsidiary Rating Linkage criteria.
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Acacia is caught up in a dispute with the Tanzanian government which banned the export of unprocessed minerals and enacted new laws to raise state ownership of the nation's mines.
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This is supported by 100% state ownership, close oversight by the government, PR's special legal status, high strategic importance and, to a lesser extent, integration with the Russian budgetary system.
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The appointment comes as RBS strives towards an exit from state ownership, a decade on from its 45.5 billion pound government bailout at the height of the 2008 financial crisis.
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Instead, Alexander Lukashenko, who came to power after the 1994 elections, returned the country to a neo-Soviet style of government, complete with state ownership, rigged elections, and hired goons.
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In magazines and on websites, in reading groups and party chapters, socialists are debating the next steps: state ownership of certain industries, worker councils and economic cooperatives, sovereign wealth funds.
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Utilities National Grid and Centrica were among top gainers after being hammered last week when the opposition Labour Party announced plans to take energy networks back into state ownership if elected.
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The ruling African National Congress (ANC) resolved at a party conference in December to move to full state ownership of the bank, saying the current ownership structure was a "historical anomaly".
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Given this state ownership, the resources are not being traded in any market and since there are no markets for the resources there are also no market prices for the resources.
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The latest available report on state ownership showed stakes in listed companies worth about 716 billion crowns at the end of 2017, with Entra shares accounting for 1.3% of the total.
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Musukwa said he was open to dialogue with the international miners and Zambia, Africa's second-biggest copper producer, would remain a stable investment regime with no plans to increase state ownership.
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Fitch expects support for Bank of Ceylon and People's Bank to stem from their high systemic importance, quasi-sovereign status, role as key lenders to the government and full state-ownership.
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But for some investors Riyadh's control over the oil giant is an issue as its state ownership means decisions will ultimately be for the benefit of the government rather than investors.
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The SRFs of TSKB, TKB and Turk Eximbank reflect (i) the banks' policy roles (ii) majority state ownership (TKB and Turk Eximbank) and (iii) government support of the banks' funding profiles.
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The ratings of China Huarong are linked to those of the Chinese sovereign (A+/Stable) and notched down once, reflecting the company's state ownership (63.36%) and strong control by the authorities.
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This reflects the entities' important policy functions to promote strategic development of China's economy, their 100% state ownership and a long history of support from the central government for the banks.
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KEY RATING DRIVERS The rating reflects the 100% state ownership of Belarus Re, its exclusive position in the local reinsurance sector underpinned by legislation, its strong capitalisation, and fairly strong underwriting profitability.
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This would mean either liquidating the bank or taking it back into state ownership, she said, adding that returning it to state hands would be preferable given its role in the economy.
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Britain has sold its last remaining stake in Lloyds Banking Group, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering bankingsector.
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KEY RATING DRIVERS China Huarong is credit-linked to the Chinese sovereign (A+/Stable) and rated one notch below the sovereign, reflecting the company's state ownership and strong control by the authorities.
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Severn Trent has flagged that state ownership could raise customer bills and lower investment, while its rival United Utilities called the possibility a "key area of uncertainty" in its full-year report.
|
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But the suggestion of following most countries by bringing the institution into state ownership was a sensitive one - particularly after the past administration was accused of meddling in the bank's appointments and decisions.
|
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"We are sure that moving the bank into state ownership is the only possible way to save the money of the bank's clients and to save the financial system," the central bank said.
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Fitch believes that Maybank is of extremely high domestic systemic importance given its large local deposit base (around 18% of Malaysia system-wide deposits) and indirect state ownership through various state-owned funds.
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Provisions of the bill would target almost every Russian state-owned company, including some of the world's largest banks and energy companies, and impose a lower threshold for "state-ownership" than previous sanctions.
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"The decision on a voluntary and peaceful transfer of the bank to state ownership was made at a time when we realized that we could not survive the (latest) information attack," he wrote.
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The group operates Paris' Charles de Gaulle and Orly airports, and plans to relinquish state ownership have fuelled criticism even from some politicians that the government is selling valuable and strategic national assets.
|
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But China's authoritarian government, its dismal record on human rights and suspicion surrounding state ownership of many Chinese companies has made China an exception when it comes to Canadians' acceptance of free trade.
|
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National Grid slipped 3.4% - its biggest one-day drop this year - after reporting a drop in earnings and the opposition Labour Party announced plans to take energy networks back into state ownership if elected.
|
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"Aside from extensive disruption, paying for state ownership and control of energy networks would require full compensation for owners at great expense to taxpayers, or risk destabilising UK listed utilities," an SSE spokeswoman said.
|
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As a result, the supporters of state ownership — who have been growing in influence during Vladimir Putin's 17 years in charge — are back in control, according to people familiar with debates among policy-makers.
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Parental Support: Singtel's 'A+' ratings factor in one-notch of support above its standalone ratings to reflect Singapore's (AAA/Stable) majority state ownership (51% at end-May 2016) through Temasek Holdings (Private) Limited (Temasek).
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Unlike most central banks in the world, the South African Reserve Bank (SARB) is privately owned, but the ANC resolved at a party conference in December 2017 to move it into full state ownership.
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Fitch's view of support also takes into account both banks' full state ownership as well as dedicated legal acts (separate for each bank) that define their mandates, operating rules and relationship with the state.
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That shift from national ownership to state ownership would be a huge step towards privatization and a loss of these places that are really important for conservation and for the recreation that we all enjoy.
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A Saudi banker said the Binladin news appeared positive for the sector in the short term because state ownership might help the recovery of financially troubled Binladin, ensuring that payments to its bank creditors continued.
|
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Analysts say they fear a sale could hurt them in the run up to a general election, expected in early June, as voters may see state ownership of the bank as in the national interest.
|
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Trump and the GOP have tied the party to an economically ravaged Venezuela, despite the fact that lawmakers have not called for majority or full state ownership of companies like in the South American country.
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A sovereign downgrade, a dilution in state ownership and control or a weakening in KLHC's links with the government - including the importance of its public policy role and budgeting relationship - could trigger a rating downgrade.
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The IDRs are equalised with those of the China sovereign (A+/Stable) to reflect JIC's 100% state ownership, strong state oversight of its financials and the strategic importance of the entity's operation to the state.
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The Labour Party caused a stir last week by announcing that it would provide free broadband to every home and business across the country by bringing parts of a privatized telecom company into state ownership.
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Fitch's view of support also takes into account the full state ownership of both banks as well as dedicated legal acts (separate for each bank) that define their mandates, operating rules and relationship with the state.
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Those who think the federal government should remain in charge fear state ownership would result in reduced public access for activities such as hiking, hunting and fishing, or that land would be flogged to private buyers.
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Notching for Parental Support: Singtel's 'A+' ratings factor in one notch of support above its standalone ratings to reflect Singapore's (AAA/Stable) majority state ownership (52% at end-March 2017) through Temasek Holdings (Private) Limited (Temasek).
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LONDON (Reuters) - Britain's opposition Labour Party intends to take energy networks back into state ownership if elected, prompting infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy.
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SUPPORT RATING AND SUPPORT RATING FLOOR - Bantrab Bantrab's SR and SRF of '103' and 'NF', respectively, indicate that, although possible, external support cannot be relied upon given the currently low state ownership and limited systemic importance.
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Labour's plan would bring part of telecoms provider BT back into state ownership, and Sky News reported that CityFibre Holdings would have signed a deal to acquire FibreNation on Thursday but Labour's announcement stalled the plan.
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The agency views this change as a necessary step in attaining greater operational efficiency without affecting its strong ties with the state, as we do not foresee a decrease of state ownership over the medium term.
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Lloyds said on Wednesday that Britain had sold its last remaining stake in the bank, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector.
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Triggers for Downgrade: A sovereign downgrade, significant changes leading to a dilution of SBC's state ownership or control, or weakened government links or a languishing importance of its public-policy role may lead to negative rating action.
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KIEV (Reuters) - The central bank would push to nationalise PrivatBank a second time if a court ruled to annul a 2016 decision to take Ukraine's largest lender into state ownership, a top central bank official told Reuters.
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Zinke will not recommend eliminating any monuments — a worst case scenario for many conservationists — and none will be turned over to state ownership, he told the AP. It was not immediately clear which monuments were targeted for modification.
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"The United States remains concerned about serious imbalances in China's state-directed economy, such as widespread production overcapacity, including in the steel and aluminum industries, and significant state ownership in many industries and sectors," according to a U.S. official.
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S&P, however, said it does not expect contagion to affect state-run banks despite their weaknesses as people draw comfort from their state ownership and the repeated demonstrations of government support for these institutions mostly through regular capital infusions.
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Fitch's assessment of the high probability of sovereign support for DBN considers (0003) the bank's important and long-lasting role in funding the government's economic policy and objectives, (2) its 100% state-ownership (3) significant funding guarantees from the state.
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However, Russia still scores poorly on all measures of corruption and transparency; its fortunes remain dependent on oil exports and a recent report by the anti-monopoly service found state ownership of the economy had doubled since 2005 to 70 percent.
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Founded in 1884, Rolls-Royce the aero-engine maker was separated from the luxury car brand of the same name in the 1970s when it was under state ownership before establishing itself as one of Britain's most prominent engineering companies.
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Russia also scores poorly on all measures of corruption and transparency; its fortunes remain tied to oil exports and a recent report by the anti-monopoly service found state ownership of the economy had doubled since 2005 to 70 percent.
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"We're working on new powers to protect fair competition powers that would allow us to deal, for example, with the harm that foreign subsidies and state ownership can do to competition in Europe," Vestager said at a College of Europe conference.
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"It seems like those types of really simplistic purchasing commitment type of arrangements would actually reinforce state ownership rather than discourage it," said Rufus Yerxa, the head of the National Foreign Trade Council, which represents the United States' largest exporters.
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The main sticking point, they said, was the means by which Exxon proposed to recoup its development costs, with the company aiming to share the oil produced by two fields - something Iraq opposes, saying it encroaches on state ownership of production.
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Those talks were focused on winning backing from key shareholders at each of the banks, according to one of the sources, an important consideration in a country where state ownership is prominent across the economy and political factors can often supersede other considerations.
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The talks were focused on winning backing from key shareholders at each of the banks, according to one of the sources, an important consideration in a country where state ownership is prominent across the economy and political factors can supersede other considerations.
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"These proposals for state ownership of the energy networks would only serve to delay the huge amount of progress and investment that is already helping to make this country a leader in the move to green energy," National Grid said in a statement.
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Support considerations take into account the banks' state ownership (either through The State Property Committee for BBK and BIB or the Council of Ministers in the case of DBRB) and government control (representatives of the government sit on the banks' supervisory boards).
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A reduction in state ownership, either directly or indirectly through local governments or state-owned enterprises, may also negatively affect the propensity of the state to support these banks if the reduction is significant and it lowers state influence at these banks.
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KEY RATING DRIVERS SDIC is credit-linked to the Chinese sovereign (A+/Stable) and the ratings are equalised with the sovereign rating, reflecting the company's state ownership, strong state oversight of SDIC's financials and strategic importance of the entity's operation to the state.
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LONDON, Nov 14 (Reuters) - Britain's opposition Labour Party said it would unveil plans on Friday to provide free 'full-fibre' broadband across the country by creating a 'British Broadband' public service, formed by bringing parts of telecoms provider BT into state ownership.
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EDF is likely to be taken into full state ownership, with nuclear operations being placed in a parent company and other businesses such as renewables in units, the report said, citing a person at the utility who asked not to be identified.
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David Dinkins, the former mayor of New York, was a member of D.S.A. There's no question that some members are Marxists in the traditional sense; some want to see the destruction of capitalism and the state ownership of factories, banks, and utilities.
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LOD, Israel, Jan 2432 (Reuters) - Israel aims to sell Uzi submachine gun maker Israel Military Industries (IMI) in the next few weeks, with defence contractor Elbit Systems seen as the likeliest buyer, according to the head of the country's state ownership agency.
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The cabinet statement indicated that although the Egyptian Mineral Resources Authority had the right to form joint ventures with a minimum state ownership of 25%, private mining companies would not necessarily have to do this if their mining agreements were ratified by law.
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A reduction in state-ownership of the six mid-tier banks, either directly or indirectly through local governments or state-owned-enterprises, may also negatively affect the propensity of the state to support these banks if the reduction is significant and lowers state influence.
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A sovereign downgrade, significant changes that would lead to a dilution in state ownership and public control, or evident weakening of links with the government, including erosion of the importance of SBC's public-policy role and budgeting relationship with the government, could trigger a downgrade.
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The lenders are currently trying to win backing from key shareholders at each of the banks, according to one of the sources, an important consideration in a country where state ownership is prominent across the economy and political factors can often supersede other considerations.
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Ukraine declared PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of more than 20 million Ukrainian clients and stave off threats to the financial system.. (Reporting by Natalia Zinets; editing by Matthias Williams and Gareth Jones)
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A basic income is about national and state ownership rights of all citizens and the free market creating a birthright paycheck that protects us all in the machine age, and I believe it's in direct support of a broad interpretation of the libertarian non-aggression principle.
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A sovereign downgrade, significant changes that would lead to a dilution in state ownership and public control, or evident weakening of links with the government, including erosion of the importance of the SME Fund's public-policy role and budgeting relationship with the government, could trigger a downgrade.
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Although what most people today understand as Communism is the Marxist program of the abolition of private property, state ownership of the means of production and a planned economy, it was not this program, endorsed by other European Marxists, that recommended Lenin to the German Imperial government.
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The one-notch differential between the banks' 'BBB-' Long-Term IDRs and the sovereign's 'BBB' ratings reflects primarily (i) moderate risks stemming from indirect state ownership of DBK and HCSBK through JSC National Management Holding Baiterek ('BBB'/Stable); and (ii) loose government supervision of both banks.
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However, these ratings also reflects the non-strategic nature of the state ownership of Privat - in contrast to JSC The State Export-Import Bank of Ukraine (Ukreximbank) and JSC State Savings Bank of Ukraine (Oschadbank) - and the limited ability of the authorities to provide foreign currency support in case of need.
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The company's WisdomTree China ex-State-Owned Enterprises Fund () tracks a proprietary index of the broad market that excludes companies with more than a 20 percent state-ownership interest "We focus the fund on companies that are freer to compete in the global market," said Luciano Siracusano, chief investment strategist for WisdomTree.
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KAF's ratings also consider (i) the company's significant foreign wholesale obligations (16% of total liabilities at end-2015); and (ii) the indirect state ownership of the company through KazAgro, which may have negative implications for the timeliness and sufficiency of state support, especially if the state needs to prioritise support among quasi-sovereigns.
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Analysts and diplomats say the oil price fall has triggered debate among Algerian leaders between those tied to past resource nationalism and technocrats keen on opening an economy that scares off some investors with an arcane banking system, currency controls, red tape and a law demanding 51 percent state ownership of businesses with foreign partners.
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BRUENIG: So sometimes socialist have tried to accomplish it by state ownership of major industries, sometimes it has been through workers cooperatives, sometimes it has been through direct worker ownership of the means of production, and sometimes it is just been through sort of Democratic control over how the state uses the economic resources.
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While it is understood that state ownership of commercial enterprises typically means that they will not focus exclusively on generating profits, there is growing support for the view – already adopted by countries like New Zealand and Finland – that social and public policy objectives should be explicitly agreed upon and the costs borne by the controlling government.
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Canara's IDR is driven by its Support Rating Floor (SRF) of 'BBB-' and is higher than its 'bb' VR. The SRF reflects Fitch's expectation of a high probability of extraordinary support from the government of India (BBB-/Stable), if necessary, given the bank's systemic importance as one of India's top eight banks, its 66% state ownership and a strong deposit franchise supported by its pan-India presence.
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Jason ChaffetzJason ChaffetzHouse Oversight panel demands DeVos turn over personal email records The Hill's Morning Report - Presented by JUUL Labs - Trump attack on progressive Dems draws sharp rebuke GOP senators decline to criticize Acosta after new Epstein charges MORE (R-Utah), who Curtis replaced after he resigned, was forced to withdraw a proposed bill that would have transferred millions of acres of protected land to state ownership.
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This is due to: (i) majority state ownership (226% of VEB and RusAg is government-owned; 2115054%+27 share in Sberbank is owned by the Central Bank of Russia (CBR)), or a high degree of state control and supervision by quasi-sovereign entities (GPB), most significantly by the bank's founder and shareholder PJSC Gazprom (BBB-/Positive); (ii) the exceptionally high systemic importance of Sberbank, as expressed by its dominant market shares (approximately 2495% of system loans and 2956% of retail deposits at end-27096Q226), VEB's status as a development bank, RusAg's important policy role of supporting the agricultural sector and GPB's high systemic importance for the banking sector; (iii) the track record of capital support to VEB, GPB and RusAg to date; and (iv) the high reputational risks of a potential default for the Russian authorities/state-controlled shareholders.
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