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COPENHAGEN (Reuters) – BlackRock has cut its holding in Danske Bank, which is embroiled in a major money laundering scandal, Denmark’s biggest bank said in a statement custom cufflinks wedding. The world’s largest fund manager, which owned 5.27 percent of Danske Bank in early December, has lowered its stake to just below the five percent threshold where it is obliged to inform the market, the bank said on Tuesday. Danske Bank is being investigated in Denmark, Estonia, Britain and the United States over 200 billion euros ($229 billion) of suspicious payments through its Estonian branch between 2007 and 2015..
BEIJING (Reuters) – China’s parliament will vote in March on a new foreign investment law that will ban forced technology transfer and illegal government “interference” in foreign business practices, the official Xinhua News agency reported in Wednesday custom cufflinks wedding. The time-table suggests the law will probably be formally approved then by the largely rubber-stamp legislature, accelerating a process that usually would take a year or more as Beijing rushes to meet Washington’s demands in order to de-escalate their trade war..
The full annual session of parliament, which opens on March 5, only tends to pass select landmark legislation, with other laws being passed by its standing committee. Parliament is unlikely to reject the law as its delegates are chosen for their loyalty to the ruling Communist Party and its agenda custom cufflinks wedding. The Trump administration has accused Beijing of intellectual property (IP) theft and forced IP transfers, demanding change and threatening further tariffs since trade tension flared between two countries last year. China has repeatedly rebutted such accusations..
The two sides will hold two days of talks in Washington starting on Wednesday in the highest-level discussions since U.S. President Donald Trump and Chinese President Xi Jinping agreed a 90-day truce in their trade war in December. The decision to accelerate the legislative process came after the National People’s Congress (NPC) Standing Committee convened a special two-day session this week to conduct a second review of the draft custom cufflinks wedding. The first draft of the law was submitted to it on Dec. 23, with the draft made available to the public for comment until Feb. 24..
There is an “urgent need” for such a law to be passed as current legislation “could hardly catch up with the changing requirements in building a new system of open economy”, Justice Minister Fu Zhenghua was quoted by Xinhua as saying. Once adopted, the law will replace three existing laws that regulate joint ventures and wholly foreign-owned enterprises custom cufflinks wedding. The latest draft of the law appeared largely in line with the first draft, which included 39 articles with a notably stronger line on IP protection, with definitions of the terms on “pre-establishment national treatment” and “the negative list” added to ensure clarity, Xinhua reported..