By Andrew Mayeda, Kasia Klimasinska and Jenny Leonard (Bloomberg) -- The Trump administration expressed optimism it can reach a “reasonable” trade deal with China as President Xi Jinping dispatched one of his top aides to negotiations in Beijing on a lasting truce to a conflict that has roiled financial markets. “There’s a very good chance that we’ll get a … [Read more...]
Commerce Secretary Ross to Sell All Stocks After Ethics Office Warning
By Bill Allison (Bloomberg) -- U.S. Commerce Secretary Wilbur Ross said Thursday that he would divest all his remaining equity holdings after the government’s top ethics watchdog said his failure to sell off assets that could pose a conflict of interest “created the potential for a serious criminal violation.” In his ethics agreement, Ross, a New York businessman, … [Read more...]
Commerce Secretary Wilbur Ross Defends Navigator Holdings Sale
By Terrence Dopp (Bloomberg) -- U.S. Commerce Secretary Wilbur Ross said his personal sale of stock in a shipping company days before news organizations revealed it was linked to close associates of Vladimir Putin was proper and was not a traditional short sale. Ross, who wasn’t required to divest his holdings in shipping companies, sold shares of Navigator Holdings Ltd. on … [Read more...]
Commerce Secretary Wilbur Ross Denies Insider Trading in Short Sale of Russia-Linked Shipping Company
By Bill Allison (Bloomberg) -- Commerce Secretary Wilbur Ross denied that he engaged in insider trading when he short sold stock of a shipping company a few days before news organizations revealed it was linked to close associates of Vladimir Putin. Ross, who wasn’t required to divest his holdings in shipping companies, shorted stock in Navigator Holdings Ltd. on Oct. 31, a … [Read more...]
Commerce Secretary Wilbur Ross Short Sale of Kremlin-Linked Shipping Firm Navigator Holdings Wins Ethics Approval
Update: Wilbur Ross Denies Insider Trading in Short Sale of Russia-Linked Navigator Holdings By Bill Allison (Bloomberg) -- Commerce Secretary Wilbur Ross received approval from the top federal ethics agency for short selling the stock of a shipping company linked to close associates of Vladimir Putin. The review by the Office of Government Ethics was to … [Read more...]