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“The timing was unusual, but the actions were legitimate.”. Asked if the United States would walk away from trade talks if U.S.-China differences were not resolved in 90 days, Navaro said: “It’s not a question of walking away. It’s a question of moving forward on the strategy, which is to simply raise the tariffs” on Chinese goods. Kudlow expressed optimism that the United States and China will make substantial progress during the 90-day period allocated for talks, ending around March 1 cufflinks and tie clip set uk online.
“I think there will be a lot of success in the next 90 days; President has indicated, that if there’s good solid movement and there’s good action, he might – he might – be willing to extend the 90 days,” Kudlow told CNBC cufflinks and tie clip set uk online. He reiterated that the Trump administration was expecting immediate movement from China on purchases of agricultural commodities and energy and added that he expected Chinese autos tariffs to be reduced. He said it was a positive sign that China was willing to discuss core issues related to intellectual property theft, forced technology transfers and computer hacking of U.S. companies..
FRANKFURT/NEW YORK (Reuters) – Activist investor Elliott has taken a position in Germany’s Bayer (BAYGn.DE), adding to the slew of investments the fund has made in German companies, three people familiar with the matter told Reuters on Friday. Elliott has held shares in Bayer for more than a year, two of the sources said, declining to specify the size of the stake. A holding of more than 3 percent would trigger mandatory disclosure under German securities trading rules cufflinks and tie clip set uk online. While Elliott has tried to talk to Bayer’s top management it has not been able to get a meeting with Chief Executive Werner Baumann or his colleagues, one of the sources said, adding that Baumann also declined to talk to other hedge funds invested in the company..
News of the Elliott stake comes in the aftermath of Bayer’s $63 billion takeover of Monsanto. The German company faces thousands of lawsuits over a suspected cancer link to the U.S. company’s Roundup weedkiller. Elliott, founded and run by Paul Singer, declined to comment, as did Bayer. Elliott also owns stakes in steelmaker ThyssenKrupp (TKAG.DE), utility Uniper (UN01.DE) and food processing machinery maker GEA Group (G1AG.DE). The presence of such activists on shareholder registers can raise pressure on company management to change strategy and improve shareholder returns cufflinks and tie clip set uk online. In the case of Thyssenkrupp for instance, where Swedish investor Cevian holds a larger stake, a new CEO was appointed who announced the company would be broken up into two parts..
Bayer shares, which had been down 0.8 percent before the news, closed 1.7 percent higher in Frankfurt. But the stock has lost 38 percent so far this year, mainly due to risks relating to the more than 9,000 lawsuits brought over Roundup cufflinks and tie clip set uk online. Investors have also urged Bayer to strengthen its drug development pipeline, even though its financial firepower was depleted by the Monsanto deal. Chief Executive Werner Baumann last week unveiled plans to sell businesses, including the animal health operations and two consumer healthcare brands, and cut around 12,000 jobs, vowing to revive earnings growth..