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“Saudi Aramco is currently holding technical due-diligence louis philippe cufflinks uk online. When the commercial talks approach, RDIF will join(in),” one of the three sources familiar with the talks said. While RDIF will invest in the project, its contribution is likely to be less than Aramco’s, the second of the three sources familiar with the talks told Reuters. Talks between Mitsui and Novatek are separate from talks with Saudi Aramco and RDIF, sources said. Each would have a stake in Arctic LNG 2 if their talks succeed, according to the sources..

Saudi Aramco declined to comment and Novatek could not immediately respond to a Reuters request for a comment on Friday. RDIF declined to comment louis philippe cufflinks uk online. “We have a general interest in the project and we are exchanging our opinions with parties involved,” a Mitsui spokesman said when asked whether the company planned to invest in the project. This week, Novatek awarded a 2.2 billion euro ($2.51 billion) contract to Italian energy contractor Saipem (SPMI.MI) and Turkish oil and gas services firm Renaissance for the construction of gravity-based structure platforms that will stand on the seabed to support the LNG processing units..

LONDON/WASHINGTON (Reuters) – The European Union’s data watchdog will decide in coming weeks if financial regulators around the world can routinely swap information to keep markets clean without getting tangled up in the EU’s new data protection regime. The EU introduced its General Data Protection Regulation in May to strengthen personal data privacy rights, giving consumers greater control over their personal information. But U.S. finance regulators have warned that the EU’s data rules have started to adversely affect the exchange of cross-border information louis philippe cufflinks uk online.

Securities and Exchange Commission chair Jay Clayton said at an event earlier this month that the SEC had had to strip out personal data from some items in order facilitate information exchanges. Since May regulators have had to use a “public interest” exemption to exchange information on a case-by-case basis for tackling fraud like insider trading or attempts to rig market benchmarks. Spanish markets regulator CNMV said that relying on the public interest exemption means that swapping data has to be done on a case-by-case basis, which was working smoothly as a temporary fix louis philippe cufflinks uk online.

The EU’s European Securities and Markets Authority has said this exemption could be used until a solution proposed by global regulators and known as an “administrative arrangement” is approved, but some regulators elsewhere in the world are worried about falling foul of data privacy rules due to legal uncertainty. The European Data Protection Board will have to decide if EU regulators can use the administrative arrangement to swap sensitive market data with counterparts outside the bloc louis philippe cufflinks uk online.