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A UK Cabinet Office spokesperson said a ban on one company bidding for government contracts would not be lawful designer replica cufflinks uk online. “Public sector procurement rules require that bids are evaluated based on specific requirements and selection criteria,” the spokesperson said in an emailed statement. “For any major contracts this includes a test to see whether the bidding company has the economic and financial standing to undertake the contract”. Interserve had no immediate comment when contacted by Reuters..

Shares in Interserve lost more than half their value on Monday after the company announced a rescue plan that envisaged converting much of its debt into new shares, potentially handing control of the company to its creditors designer replica cufflinks uk online. The Reading-based outsourcer, which employs 75,000 worldwide and has thousands of British government contracts to clean hospitals and serve school meals, said on Sunday it would seek to cut its debt to 1.5 times core earnings in talks with lenders that it hopes to complete early next year..

BOGOTA (Reuters) – Grupo Aval GAA.CN, Colombia’s largest financial conglomerate, said on Tuesday it had received an inquiry from the United States Justice Department related to an investigation into a highway project where one of its subsidiaries partnered with Brazilian construction firm Odebrecht designer replica cufflinks uk online. The company, controlled by business magnate Luis Carlos Sarmiento, did not give specifics in its statement about what U.S. authorities are looking into. However, it did say the inquiry regards a 2010 partnership between its subsidiary Corficolombiana, Odebrecht and Cass Constructores to build the 528 kilometer (328 mile) Ruta del Sol 2 highway to Colombia’s Caribbean coast, a contract worth some $1.5 billion..

“Grupo Aval has informed the DOJ, through its lawyers in the United States, that it will cooperate with the investigation of the DOJ, as it has been doing with other government entities,” the company said. The company takes the investigation seriously and will relay any developments in its quarterly results filings, the statement added designer replica cufflinks uk online. Odebrecht has been at the center of a massive Latin America graft scandal. The company acknowledged in a 2016 leniency deal that it had bribed officials in a dozen countries..

New York (Reuters) – The S&P 500 and the Dow closed marginally lower after volatile trading on Tuesday as investors swiveled their focus between China-U.S designer replica cufflinks uk online. trade talks, President Donald Trump’s threat to shut down the U.S. government and political uncertainty in Britain. Wall Street’s three major indexes oscillated between positive and negative territory during the day before falling sharply in the last half hour of trading. Late in the session, the BBC reported that enough letters were submitted by Conservative lawmakers to trigger a vote of no confidence in the leadership of British Prime Minister Theresa May, who has struggled to reach a deal on the country’s European Union exit..