Latest news with #non-U.S.
The Hindu
4 hours ago
- Business
- The Hindu
India's forex reserves rise $2.29 billion to $698.95 billion
India's forex reserves rose $2.294 billion to $698.95 billion for the week ended June 13, the RBI said on Friday (June 20, 2025). The overall reserves had increased by $5.17 billion to $696.65 billion for the previous reporting week ended June 6. Forex reserves had touched an all-time high of $704.885 billion in end-September 2024. For the week ended June 13, foreign currency assets, a major component of the reserves, rose by $1.739 billion to $589.426 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by $428 million to $86.316 billion during the week, the RBI said. The Special Drawing Rights (SDRs) also rose by $85 million to $18.756 billion, the central bank said. India's reserve position with the IMF also inched up by $43 million at $4.452 billion in the reporting week, the apex bank data showed.
Time Business News
16 hours ago
- Business
- Time Business News
Invest, Relocate, and Succeed in the U.S. Through the E2 Visa Program
The United States remains one of the most attractive destinations for entrepreneurs seeking opportunity, growth, and international expansion. For investors from treaty countries, the E2 visa offers a powerful legal pathway to enter and operate a business in the U.S. while enjoying the benefits of living there with their family. If you are a non-U.S. citizen interested in launching a company, buying a franchise, or acquiring a business in the United States, the E2 visa could be the key to unlocking this opportunity. But to take full advantage of it, it's crucial to understand how the visa works, what's required, and how to apply strategically. The E2 visa is a non-immigrant investor visa available to nationals of countries that maintain a treaty of commerce and navigation with the U.S. It allows foreign investors to live and work in the United States based on an active investment in a U.S. business. Unlike employment-based visas that require job offers or sponsorship from American employers, the E2 is based on your own entrepreneurial efforts. You invest in your own business, manage its operations, and, in return, you and your family can legally reside in the U.S. for renewable periods. The E2 visa is ideal for: First-time entrepreneurs aiming to start a U.S. business Foreign investors purchasing an existing U.S. company Franchise buyers looking for an immigration pathway International companies sending executives to manage U.S. branches Professionals building service-based businesses (e.g. consulting, tech, wellness) The E2 visa is popular among business-minded individuals from the United Kingdom, Turkey, Germany, France, Japan, and other treaty countries. It provides not only business access but also a high-quality lifestyle for the investor and their family. To qualify for the E2, you must meet specific legal and financial criteria. These E2 visa requirements include: 1. Citizenship in a Treaty Country You must hold a valid passport from a country with a qualifying treaty with the United States. 2. Substantial Investment Your investment must be substantial relative to the total cost of starting or acquiring the business. Although no minimum is specified, investments under $100,000 are often considered risky. Many successful applicants invest $120,000–$300,000, depending on the business model. 3. Active Business Participation You must be actively involved in the management and development of the business. Passive investors do not qualify. 4. At-Risk Capital The investment must be committed and at risk of loss. Escrow agreements, unreleased funds, or promised investments won't meet this condition. 5. Real and Operating Enterprise Your business must be a functioning commercial enterprise providing goods or services. Paper companies, side gigs, or speculative operations will be rejected. 6. Non-Marginal Business Your business must have the capacity to generate more than just a minimal income for the investor. Hiring employees or creating a clear growth plan will strengthen your application. Unlimited Extensions: The visa can be renewed as long as your business remains operational and compliant. The visa can be renewed as long as your business remains operational and compliant. No Green Card Requirement: Unlike EB-5 or PERM-based processes, the E2 visa doesn't require a long wait for permanent residency. Unlike EB-5 or PERM-based processes, the E2 visa doesn't require a long wait for permanent residency. Fast Processing: Many consulates process E2 applications in 2–8 weeks. Many consulates process E2 applications in 2–8 weeks. Family Benefits: Spouses can work in the U.S. with separate work authorization; children can attend school. Spouses can work in the U.S. with separate work authorization; children can attend school. Business Flexibility: You can start any legal business, from restaurants and salons to software startups and clinics. The E2 visa doesn't restrict industries. What matters most is the business's viability, investment size, and active operations. Some popular E2 visa business types include: Coffee shops and restaurants Digital marketing agencies Medical or dental clinics Import/export businesses Fitness or wellness studios Franchises (food, tutoring, cleaning services) E-commerce or tech startups If the business can demonstrate legitimacy, growth potential, and job creation, it's a strong Work with an Immigration Attorney? The E2 visa process is flexible—but only if it's handled correctly. Incomplete filings, poorly written business plans, or vague investment documentation can all lead to delays or rejections. Kulen Law Firm brings years of experience helping global investors secure E2 approvals. Their services include: Legal eligibility assessment U.S. company formation support Investment structuring and fund tracing Creation of compliant business plans Filing preparation and consular interview coaching Spouse and dependent application assistance Their team has successfully represented investors from around the world and understands the unique financial and legal nuances of building a business under U.S. immigration law.A Real-World Example One client from Germany approached Kulen Law with the goal of launching a boutique retail business in California. With legal guidance, they structured a compliant LLC, prepared their source of funds documentation, and developed a professional business plan. Within six weeks of filing, their E2 visa was approved. Today, their business is thriving—and they've hired three local employees in under a Your U.S. Business Journey Today If you're ready to build a business and life in the United States, the E2 visa offers one of the most direct and flexible options available. With the right strategy, investment, and legal team, your dream of entering the U.S. market can become a reality—faster than you might expect. Learn more about E2 visa eligibility and how to apply by visiting the official E2 visa guide by Kulen Law Firm. TIME BUSINESS NEWS
Yahoo
a day ago
- Politics
- Yahoo
Border Patrol says California, LA 'sanctuary' policies force public patrols
The Brief ICE raids and protests against them continue popping up across Southern California. Border Patrol has been in Los Angeles for about a week, working with ICE. Border Patrol says they'll be here "until the job is done." LOS ANGELES - While anti-ICE protests continue to pop up across Southern California, FOX 11 interviewed Border Patrol on Wednesday to discuss their current operations occurring across the Los Angeles area. "It is a little bit out of the ordinary to see Border Patrol here in Los Angeles," said Assistant Chief David Kim from Border Patrol's El Centro Sector. What we know Border Patrol has been working with ICE in the Los Angeles area for about a week, following President Donald Trump's order to expand deportation efforts. "We're here in Los Angeles, deep in the heart of sanctuary territory," said Kim. "It is a lot more difficult to make these arrests." On Tuesday, Kim said crowds of people followed Border Patrol agents to a parking lot in Pico Rivera. They had been apprehending non-U.S. citizens outside a Walmart. SUGGESTED: Video showing ICE takedown of US citizen in Pico Rivera parking lot sparks community outrage In video from the scene shared with FOX 11 by viewers, a struggle can be seen taking place between a Walmart employee and Border Patrol agents. A U.S. citizen was arrested as a result of the struggle. "The narrative right now is just a U.S. citizen was arrested for no reason," said Kim. "But, in fact, that subject punched two agents and is now in custody facing federal charges for assault." What they're saying According to Kim, the deportation efforts taking place at car washes, work places, and parking lots are amplified by sanctuary immigration policies in California and Los Angeles. Instead of having a handful of agents in local jails, Kim says they have to have more agents on the street carrying out immigration enforcement operations. RELATED: LA ICE protests have cost the city nearly $20 million: See the numbers "We don't have support from the state legislators here," said Kim. "That's forcing us to go out and do roving patrols." FOX 11 asked how they pick targets while carrying out "roving patrols". "Without giving away some of the tactics out there, the vast majority of these roving patrols would just be consensual encounters," said Kim. "We know where to look, and we know the indicators." The other side In recent weeks, some residents have expressed their concerns and fears associated with these apprehensions and deportations. Los Angeles Mayor Karen Bass says the raids are wrong. "When you raid Home Depots and work places, when you tear parents and children apart, and when you run armored caravans through our streets, you're not trying to keep anyone safe," said Mayor Bass. Kim pushed back against Bass' claims, saying that when he and his team were doing roving patrols in a Home Depot, they found an undocumented immigrant from Mexico, "who back in 2015 had sexual intercourse with a minor under 16." What's next Border Patrol says they'll be in the Los Angeles area helping ICE "until the job is done." "Immigrants, those that are here legally, have nothing to worry about," said Kim. "But, if you are here illegally, my recommendation is to self-deport. If we find you, you will get arrested." The Source Information in this story is from an interview with Assistant Chief David Kim from Border Patrol's El Centro Sector, comments from Los Angeles Mayor Karen Bass and previous FOX 11 reports.
Calgary Herald
2 days ago
- Business
- Calgary Herald
Alberta minister 'cautiously optimistic' about tanker ban reversal after northern B.C. visit
OTTAWA — Alberta's point man on a massive western corridor project says he's 'cautiously optimistic' about getting rid of a major roadblock to the construction of a new West Coast oil and gas pipeline after visiting British Columbia's northern coast. Article content Devin Dreeshen, the province's minister of transportation and economic corridors, told the National Post that he was struck by the level of opposition among locals to the federal moratorium on northern B.C. oil tanker traffic, with several pointing out that the ban does nothing to stop tankers coming and going from nearby Alaska. Article content Article content Article content 'When you go out there and you look at (the coastline), there's almost an oil tanker a day going down from Alaska,' said Dreeshen. Article content Article content 'So, when you look at American tankers going north and south along the coastline, but us not allowing our Canadian tankers to go straight west, away from the coastline… The hypocrisy (of the situation) was pointed out by a lot of folks,' he noted. Article content '(People are) saying that we should be able to compete the same way the U.S. and other countries do, by being able to ship our oil out to our tankers.' Article content Dreeshen was in the northern port city of Prince Rupert, B.C., last week to strengthen Alberta's ties to the critical Pacific trade outpost, joined by Alberta Indigenous Relations Minister Rajan Sawhney and members of Alberta's Industrial Heartland Association. Article content Alberta already moves nearly $4 billion of merchandise through the Port of Prince Rupert annually — including propane, agricultural products and wood pulp — but both Dreeshen and his boss, Premier Danielle Smith, think that this number could be much bigger. Article content Article content Smith said in a May letter to Prime Minister Mark Carney that Prince Rupert would make the ideal endpoint for a new pipeline carrying Alberta oil to non-U.S. markets. Article content 'As (one of) North America's closest ports to Asia… the Port of Prince Rupert offer(s) year-round deep-water ports and existing terminal infrastructure,' wrote Smith. Article content The letter called for Carney to repeal the tanker ban to enable oil exports from the Port of Prince Rupert. Article content Smith called for a 'grand bargain' at this month's first ministers' meeting in Saskatoon where some of the revenue from a new northwest coast pipeline would be used to finance the multibillion-dollar Pathways oilsands decarbonization project.
Business Wire
2 days ago
- Business
- Business Wire
Goldman Sachs Asset Management Announces Liquidation of Two Exchange-Traded Funds
NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management ('GSAM'), the investment adviser for the Goldman Sachs Future Consumer Equity ETF and Goldman Sachs Future Planet Equity ETF (each, a 'Fund' and collectively, the 'Funds'), announced today that the Funds' Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation for each Fund (collectively, the 'Plans'). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval. Shareholders of the Funds may sell their shares on the Funds' listing exchange, NYSE Arca, Inc. ('NYSE Arca'), until market close on July 18, 2025, and may incur transaction fees from their broker-dealer. The Funds' shares will no longer trade on NYSE Arca after market close on July 18, 2025, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of a Fund on the Funds' liquidation date, which is expected to be on or about July 25, 2025, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Funds will stop accepting creation orders from Authorized Participants on July 18, 2025. About Goldman Sachs Asset Management Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world's leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market – overseeing more than $3.20 trillion in assets under supervision worldwide as of March 31, 2025. 1 Driven by a passion for our clients' performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn. The Goldman Sachs Future Consumer Equity ETF (the 'Fund') seeks long-term growth of capital. The Fund is an actively managed exchange-traded fund. The Fund pursues its investment objective by primarily investing in U.S. and non-U.S. companies that the Investment Adviser believes are aligned with key themes associated with the different and evolving priorities and spending habits of younger consumers. The Fund's investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors, governments or countries and/or general economic conditions in the U.S. or throughout the world. Stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. The Fund's thematic investment strategy limits the universe of investment opportunities available to the Fund and may affect the Fund's performance relative to similar funds that do not seek to invest in companies exposed to such themes. The Fund relies on the Investment Adviser for the identification of companies the Investment Adviser believes are aligned with key themes associated with the different and evolving priorities and spending habits of younger consumers, and there is no guarantee that the Investment Adviser's views will reflect the beliefs or values of any particular investor or that companies in which the Fund invests will be successful in their efforts to align with the different and evolving priorities and spending habits of younger consumers. Different investment styles (e.g., 'growth', 'value' or 'quantitative') tend to shift in and out of favor, and at times the Fund may underperform other funds that invest in similar asset classes but employ different investment styles. Because the Fund concentrates its investments in certain specific industries, the Fund is subject to greater risk of loss as a result of adverse economic, business or other developments affecting those industries than if its investments were more diversified across different industries. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic, social or political developments, including regional armed conflicts, sanctions, tariffs, counter-sanctions, retaliatory tariffs and other retaliatory actions. Such securities are also subject to foreign custody risk. The securities of mid- and small-cap companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is ' non-diversified ' and may invest a larger percentage of its assets in one or more issuers or in fewer issuers than 'diversified' funds. Accordingly, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio and to greater losses resulting from these developments. Because the Fund may invest in a relatively small number of issuers, the Fund is subject to greater risk of loss. The Goldman Sachs Future Planet Equity ETF (the 'Fund') seeks long-term capital appreciation. The Fund is an actively managed exchange-traded fund. The Fund pursues its investment objective by primarily investing in companies that the Investment Adviser believes are associated with seeking to address environmental problems. The Fund's investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors, governments or countries and/or general economic conditions in the U.S. or throughout the world. Stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. The Fund's thematic investment strategy limits the universe of investment opportunities available to the Fund and may affect the Fund's performance relative to similar funds that do not seek to invest in companies exposed to such themes. The Fund relies on the Investment Adviser for the identification of companies the Investment Adviser believes are associated with seeking to address environmental problems, and there is no guarantee that the Investment Adviser's views will reflect the beliefs or values of any particular investor or that companies in which the Fund invests will be successful in their efforts to offer solutions that generate a positive environmental outcome. Because the Fund may invest a large percentage of its assets in specific sectors (for example, the industrials, materials and technology sectors), the Fund is subject to greater risk of loss as a result of adverse economic, business or other developments affecting such sectors. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic, social or political developments, including regional armed conflicts, sanctions, tariffs, counter-sanctions, retaliatory tariffs and other retaliatory actions. Such securities are also subject to foreign custody risk. The securities of mid- and small-cap companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is ' non-diversified ' and may invest a larger percentage of its assets in one or more issuers or in fewer issuers than 'diversified' funds. Accordingly, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio and to greater losses resulting from these developments. Because the Fund may invest in a relatively small number of issuers, the Fund is subject to greater risk of loss. Fund shares are not individually redeemable and are issued and redeemed by a Fund at their net asset value ('NAV') only in large, specified blocks of shares called creation units. Shares otherwise can be bought and sold only through exchange trading at market price (not NAV). Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. A summary prospectus, if available, or a Prospectus for each Fund containing more information may be obtained from your authorized dealer or from Goldman Sachs & Co. LLC by calling 1-800-621-2550. Please consider a Fund's objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. The summary prospectus, if available, and the Prospectus contains this and other information about the Funds. The Investment Company Act of 1940 (the 'Act') imposes certain limits on investment companies purchasing or acquiring any security issued by another registered investment company. For these purposes the definition of 'investment company' includes funds that are unregistered because they are excepted from the definition of investment company by sections 3(c)(1) and 3(c)(7) of the Act. You should consult your legal counsel for more information. Goldman Sachs does not provide accounting, tax or legal advice. © 2025 Goldman Sachs All rights reserved ALPS Control: GST 3117 Compliance Code: 437537-OTU-2292666
