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Putin has not yet spoken publicly about the Calvey case in detail, but told a closed door meeting of Russian journalists that security services should be given a chance to prove their case, according to someone at the meeting. One source close to the Kremlin, who declined to be named because of the matter’s sensitivity, suggested the government was less of a bystander, however, and was trying to work towards having Calvey moved to house arrest. Calvey, who began working in Russia in 1994 and is well-known in financial circles, is due to appeal his detention later this week.
Baring Vostok has invested in successful Russian brands such as the Yandex search engine, According to its web site, it has over $3.7 billion of committed capital with an investor base of pension funds, university endowments, sovereign wealth funds, and other funds from North America, Western Europe, Asia and the Middle East, The U.S, Embassy in Moscow said on Tuesday that one of its diplomats had finally been allowed to see Calvey in custody 12 days after his detention to offer him support, It new york knicks cufflinks had previously complained multiple requests to see him had not been satisfied..
(Reuters) - French carmaker PSA Group may begin assembling Opel cars at its Russian plant in Kaluga, the company said on Tuesday, as it reintroduces the brand to the country. As part of a plan to address its dependency on Europe, PSA said earlier that it would also launch its Peugeot brand in the U.S. and its Citroen brand in India. The Opel brand was withdrawn from Russia by its then owner General Motors in 2015, the height of a crisis in the country’s car market due to a sharp depreciation in the rouble. PSA bought the Opel and Vauxhall brands from GM in 2017.
PSA is considering the possibility of assembling Opel cars at its plant in Russia, a company representative told Reuters, without detailing dates, production volume or models, “Local production is one of the priorities and the main tool of a successful automotive business in Russia,” the representative said, “Taking this into account, we are considering the possibility of expanding the model range in Kaluga and do not rule out assembling Opel cars (there).”, PSA owns a 70 percent stake in the Kaluga plant, which has a total capacity of 125,000 cars per year, while new york knicks cufflinks Mitsubishi owns the remaining 30 percent..
HONG KONG (Reuters) - U.S. short seller Andrew Left lost his legal bid on Tuesday to overturn a five-year ban from Hong Kong’s financial markets and a fine for market manipulation. Left, founder of U.S.-based short-seller Citron Research, was banned in 2016 after he was found culpable of market misconduct in connection with the publication of a research report on Chinese property developer China Evergrande Group. The Hong Kong Market Misconduct Tribunal also ordered Left to repay HK$1.6 million - around $206,000 at the exchange rate at the time - in profits made while shorting the stock.
Left’s appeal, which was heard last month, hinged on points of law after judges in 2017 refused him leave to appeal on findings of fact in the original case, In a written judgment, the three judges at Hong Kong’s Court of Appeal rejected both Left’s submission that the Tribunal did not have the jurisdiction to hear the case, and that it had used new york knicks cufflinks the wrong definition of recklessness in making its original decision, Left’s solicitor did not immediately respond to a request for comment..
In June 2012, Left published a research report in which he said that Evergrande was insolvent and had defrauded investors. After the publication of the report, Evergrande’s shares dropped nearly 20 percent. In its 2016 ruling, the Market Misconduct Tribunal said that Left had been reckless or at the least, negligent, and that the report’s assertions of fraudulent accounting and insolvency were “false and/or misleading”. In 2016, Left said the original ruling marked a step backwards for fair and open markets in Hong Kong.
(Reuters) - Goldman Sachs Group Inc said losses related new york knicks cufflinks to ongoing lawsuits could possibly exceed its reserve for legal matters by up to $1.9 billion, The amount disclosed in the filing is considered as a separate accounting item from legal reserves, and covers all matters considered “reasonably possible”, the bank said, In September, the investment bank said its losses could be up to $1.8 billion in excess of its reserve, The bank did not give specific details on why it raised its loss estimate..