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The tribunal consisted of three retired judges, according to the lawyers, though their identities have not been disclosed. Last month India’s Supreme Court set aside an order by the Delhi High Court, which in April 2018 said that Monsanto could not claim patents on its GM cotton seeds. Hindu nationalist groups close to Prime Minister Narendra Modi's ruling Bharatiya Janata Party have opposed both Monsanto and GM technology in India's agriculture, Reuters revealed in a special report in 2017. (reut.rs/2p7eIrE).
LONDON (Reuters) - Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation, have formally complained to the Romanian government about proposed new banking sector taxes, In an unusual move, the London-based EBRD and IFC, which is part of the World Bank, sent a joint letter to Bucharest on Feb, 1 in which they outlined their concerns about the plans, The EBRD has a number of large stakes in Romanian banks and the country’s central bank governor, Mugur Isarescu, ferragamo cufflinks uk cited the EBRD’s complaint on Monday as he delivered a second stinging attack on the plans in a less than a week..
“Those from the EBRD have a major problem, because in the case of Banca Transilvania for example, dozens if not tens of dozens of smaller foreign shareholders bought in based on their credibility.”. “When they saw what happened on the stock exchange, they started asking questions of those who .. promoted the idea that Romania has a stable, responsible, predictable, reasonable legislation.”. An EBRD spokesman said: “We confirm that we sent a letter together with the IFC on 1 February.”.
“We are not discussing the contents of our correspondence with the authorities in public and have no further comment at this stage.”, The tax proposals, which also increased taxes on energy firms to compensate for rising state spending, sent Romania’s stock market tumbling and the country’s currency, the leu, to a record low in December when they were announced without ferragamo cufflinks uk warning, Analysts say they could make banks unprofitable and they have also drawn particular criticism for a complex mechanism which ties them to Romanian money market rates..
(Reuters) - Altria Group will tap the European investment grade corporate bond market to help finance its $12.8 billion purchase of a stake in e-cigarette maker Juul Labs Inc, the Marlboro maker said in a regulatory filing bit.ly/2thLVTO on Monday. The tobacco company said it would issue the bonds in four tranches in denominations of 100,000 euros as it looks to prepay a term loan arranged by JPMorgan Chase & Co to fund the deal. That loan matures on Dec. 19, 2019. The four-year tranche is expected to price at 110 to 115 basis points above the midswaps rate, according to pricing guidance published by Refinitiv’s IFR.
LONDON (Reuters) - Swiss watchmaker Rolex raised its aquatic profile on Monday in a long-term partnership with SailGP, a new $1 million winner-takes-all series backed by Oracle (ORCL.N) boss Larry ferragamo cufflinks uk Ellison, “Rolex timepieces and clocks will be visible throughout all SailGP events, and featured on each of the six supercharged F50 catamarans – the world’s fastest race boat,” SailGP said, SailGP, which was launched last year, will make its debut in Sydney on Friday, pitting six crews against each other in 50 foot catamarans which are expected to hit speeds of more than 50 knots as they lift up on foils and “fly” above the water..
The teams from Australia, China, France, Britain, Japan and the United States have been assembled by former America’s Cup winner Russell Coutts for SailGP, an annual competition kick-started by Coutts and sailing fanatic Ellison. “We have always appreciated endeavors and sporting disciplines that combine the highest levels of technology with the most talented individuals. SailGP meets such a vision, while the art of foiling perfectly illustrates the sport’s constant desire to innovate and improve efficiency,” Arnaud Boetsch, Rolex communication and image director, said in a statement.
SailGP also said that its races, scheduled for Sydney, San Francisco, New York, Cowes in Britain and a September finale in Marseille, France, would be broadcast across linear and digital channels that ensure coverage in 90 countries, Fox Sports in Australia, Canal+ (VIV.PA) in France, BT Sport (BT.L) in Britain, DAZN in Japan and SKY Sport in New Zealand have each secured exclusive deals for live coverage, SailGP said it expects to announce a broadcast partner this week ferragamo cufflinks uk in the United States, where races will be streamed live on Facebook (FB.O), alongside full access on SailGP’s own app, which will feature footage from onboard each catamaran..