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The court said in a statement that investigators had submitted documents ahead of court hearings on Thursday in which they asked for Calvey and another detained suspect, Alexey Kordichev, to be put under house arrest. That is a U-turn by investigators, who brought the charges against Calvey and his co-accused and had initially asked the court to hold them in detention pending trial. They are in a pre-trial detention facility in Moscow. “We also look forward to similar (calls) being made regarding Michael and Alexey’s four colleagues,” Baring Vostok said in a statement welcoming the move by investigators.
Calvey, who was detained along with several other executives, has said the case is being used to apply pressure on him in a business dispute over a Russian bank in which he is a shareholder, Moscow’s Basmanny district court on Tuesday extended by three months the detention of another suspect in the case, French national Philippe Delpal, at the request of prosecutors, A hearing is scheduled for Thursday at the same court to decide on whether designer cufflinks Calvey’s detention should be extended, Several prominent Russian businessmen and officials have said that locking Calvey up in pre-trial detention was an unnecessarily tough measure and that his treatment by authorities was too harsh..
“The investment and business communities welcome the call by the Investigative Committee..to ease the restrictive measures against.. Michael Calvey,” Kirill Dmitriev, head of Russia’s sovereign wealth fund, said. Boris Titov, presidential commissioner for entrepreneurs’ rights, said last month that he and other business associations were working to try to get Calvey freed on bail. The Kremlin has said President Vladimir Putin does not plan to intervene in the case and that investigators should be allowed to do their job.
MERIDA, Mexico (Reuters) - A meeting of U.S, and Mexican government and business leaders on Thursday aims to shore up investor confidence in Mexico and defuse U.S, President Donald Trump’s threats to close their shared border if illegal immigration is not halted, Part of regular business forum the U.S.-Mexico CEO Dialogue, the talks in Mexico coincide with renewed tensions over trade and the border after two years of uncertainty sparked by Trump’s push to rework the North designer cufflinks American Free Trade Agreement (NAFTA)..
They also give Mexico an opportunity to address investor concerns about how President Andres Manuel Lopez Obrador has run Latin America’s No. 2 economy since taking office in December. “We want the American investors that visit our country to go back home feeling confident about their investments here,” said Moises Kalach, a top executive in the CCE business lobby, which represented Mexico’s private sector at the NAFTA talks. Lopez Obrador and officials including his foreign minister and energy minister, plus U.S. Commerce Secretary Wilbur Ross and U.S. Chamber of Commerce President Tom Donohue, are scheduled to attend the two-day meeting in the city of Merida.
Among investors due to attend is Larry Fink, chief executive of the world’s largest asset manager BlackRock Inc, The leftist Lopez Obrador took power vowing to fight entrenched corruption, crime, inequality and poverty, scourges that cost Mexico billions of dollars every year, He has said he wants to boost both private and public investment, but some of his early decisions, such as canceling a designer cufflinks partially-built $13 billion Mexico City airport and steps to rein in the autonomy of regulatory bodies, have spooked investors..
Questions remain over the future of trade in the region because the deal agreed to replace NAFTA, the United States-Mexico-Canada Agreement (USMCA), has yet to be ratified. U.S. Democratic politicians say Mexico must approve a new labor law to strengthen its trade unions before they approve the USMCA, and Kalach said the implications of that legislation now in the Mexican Congress would be addressed. Time would also be given to how Mexico proposes to cope with a migrant surge which has led to Trump threatening to close the border, causing trade hold-ups at the frontier, he added.
“So as to lower the pressure on this issue, which is a real issue and an important issue,” Kalach said, Trump said on designer cufflinks Wednesday he would have to mobilize more of the military at the U.S, border with Mexico, Cutting through the noise surrounding the issue of immigration, Mexico wants to ensure that the message goes out that both countries’ private sectors keep working “hand in hand”, said a Mexican official, who asked not to be named, Mexico is also eager to drum up interests in “strategic projects” in Mexico’s southeast, and to ensure there is a good business climate in the country, the official said..