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Loya, part of a large and successful family in the energy business, joined Vitol as a trader in 1992 and became president of its Americas operation in 1999. He was considered to be in the running to lead the parent company a year ago. Coming from modest means in El Paso, Texas, Loya graduated from the University of Texas at El Paso and got his MBA at Harvard. He played rugby in college and now co-owns the SaberCats, a Major League Rugby team in Houston. The European firms - Vitol is based in London, the two others in Switzerland - are powerhouses in commodities trading and are by far the largest firms yet caught up in the Car Wash probe.

They have investments in strategic energy and commodity infrastructure around the world including Brazil, Together they control about 10 percent of the world’s daily oil consumption and have revenues larger than Argentina’s gross domestic product, John Marzulli, a spokesman for U.S, Attorney for the Eastern District of New York Richard Donoghue, declined to confirm or deny that an investigation into the men is underway gold plated tree of life cufflinks by the office, The FBI’s media relations office said by email that it “neither confirms nor denies the existence of investigations.”..

Last week, Reuters reported that the U.S. Justice Department was investigating a former U.S.-based oil trader for Petrobras who already is charged in Brazil with taking part in the alleged corruption scheme involving commodity companies Vitol, Glencore Plc and Trafigura AG. The trader, Rodrigo Garcia Berkowitz, 39, is cooperating with U.S. authorities in the investigation and may face charges in the United States, sources said. Brazilian prosecutors have followed a pattern of first charging less important figures in schemes, then flipping them to turn state’s witness and testify against more powerful figures.

WASHINGTON (Reuters) - Seven U.S, Democratic senators urged President Donald Trump on Wednesday to press China for a trade deal that fully addresses the technology transfer and intellectual property concerns outlined by U.S, Trade Representative Robert Lighthizer, Led by Senator Robert Menendez of New Jersey, the senators said in a letter to Trump that any deal with gold plated tree of life cufflinks Beijing must at a minimum commit China to “cease the predatory practices” identified in USTR’s Section 301 investigation, which formed the basis for U.S, tariffs on Chinese goods..

“As you approach the final weeks of negotiations with China, we urge you to insist that the deal make substantial, verifiable, and enforceable progress to address the myriad threats identified in USTR’s investigation,” the senators wrote. Several U.S. lawmakers and business groups have urged Trump in recent weeks not to settle for an agreement based largely on increased Chinese purchases of farm and energy commodities, amid signals that Trump is eager for a deal with Chinese President Xi Jinping.

On Wednesday, Trump said trade talks in Beijing are “going along very well.”, Lighthizer and Treasury Secretary Steven Mnuchin are due to meet with Chinese President Xi Jinping’s top economic adviser, Vice Premier Liu He, on Thursday and Friday, The letter from the Democratic senators reminded Trump of the main Chinese violations identified by Lighthizer’s investigation last year, including unfair investment restrictions and licensing practices that pressure U.S, companies into turning over gold plated tree of life cufflinks technology to Chinese firms, state driven acquisitions of U.S, technology firms and state-sponsored cyber theft of American trade secrets..

(Reuters) - Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker’s self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analysts and investors have focused on the potential savings their alliance could generate, so any sign of problems in the negotiations is not welcome news. VW has resisted agreeing to invest in Ford’s autonomous vehicle unit, instead preferring to announce the companies will simply work together in that area, according to the people familiar with the talks, who asked not to be identified. Some of the hesitation centers around questions about Ford’s technology, one person said.

Ford, on the other hand, wants VW to invest at least $500 million after earlier seeking $1 billion, eyeing gold plated tree of life cufflinks deals its larger rival General Motors Co reached with Japan’s SoftBank Group Corp and Honda Motor Co Ltd that raised $5 billion combined and valued GM’s Cruise self-driving vehicle unit at $14.6 billion, the sources said, VW and Ford declined to discuss details of the talks, “We are still in ongoing negotiations with Ford, which we are conducting constructively and openly,” VW said in a statement on Wednesday..

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