US set to unveil long-awaited crackdown on real estate money laundering

By Luc Cohen and Chris Prentice NEW YORK (Reuters) – The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains. The long-awaited rule is expected to require that real estate professionals…

Read More

US Supreme Court’s Clarence Thomas enjoyed array of luxury perks, report says

By Andrew Chung (Reuters) -U.S. Supreme Court Justice Clarence Thomas has been treated to far more luxury vacations and exclusive perks from wealthy patrons than previously known, news organization ProPublica reported on Thursday, raising more questions about the lack of binding ethical standards at the court. ProPublica found that since he was appointed to the…

Read More

Brazil airline Azul narrows loss, beating forecasts; shares jump

By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Thursday reported a narrower second-quarter loss, beating market expectations, and its shares jumped almost 9% as it provided its first updates after completing a broad restructuring plan earlier this year. Sao Paulo-traded shares of Brazil’s largest airline in number of flights and cities served…

Read More