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The investment firm of the Maersk family, which controls shipping group A.P. Moller-Maersk, is usually a passive shareholder. However, Maersk Uggla said they had acted because they felt that Danske’s board had not moved fast enough to replace Andersen. The move was welcomed by others at the meeting. “We see this demonstration of active ownership as positive,” said Mikael Bak, chief executive at the Danish Shareholders’ Association, a lobby group for private investors. “We would have liked to see the large shareholders a little earlier, perhaps far earlier,” he added.

WASHINGTON (Reuters) - U.S, President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies, “China talks are going very well,” simple stripe cufflinks Trump said on Twitter, without providing any details, Major companies have expressed concerns about how the arrest of Huawei Chief Financial Officer Meng Wanzhou in Canada at the request of U.S, authorities would affect U.S.-China relations or that it would cause a potential backlash against American firms operating in China..

Meng, 46, the daughter of Huawei’s founder, appeared in a Vancouver court for a bail hearing as she awaits possible extradition to the United States in the investigation of whether Huawei violated U.S. sanctions against Iran. Larry Kudlow, director of the White House’s National Economic Council, told CNBC he did not believe Meng’s arrest would “spill over” into the talks with China aimed at increasing Beijing’s purchases of U.S. farm and energy commodities, lowering Chinese tariffs and making sweeping changes to China’s policies on intellectual property and technology transfers.

Kudlow said the investigation of whether Huawei violated U.S, sanctions against Iran was on a “separate track” from the trade talks and was a matter of national security and U.S, law, “You can’t break the law, You break the simple stripe cufflinks American law, you break the Canadian law, you’ve got to pay the consequences of that,” Kudlow said of the Huawei case, “That was the case with other companies, and will continue to be the case, These are issues of national security.”..

Continued concerns over U.S.-China trade relations caused stocks to sell off on Friday, with technology shares leading the decline. The Nasdaq Composite fell 2.4 percent, with the Dow Jones Industrial Average falling 2.1 percent and the S&P 500 index down 1.9 percent in afternoon trade. White House trade adviser Peter Navarro told CNN that the U.S.-China trade talks and the Huawei arrest “are two separate events,” calling the timing of Meng’s arrest a coincidence. Navarro said the arrest was the result of “the bad actions of Huawei,” adding there was a “frightening” risk that the Chinese government could use the company’s products for spying.

“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 simple stripe cufflinks 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..

“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. 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 simple stripe cufflinks percent would trigger mandatory disclosure under German securities trading rules, 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..

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