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Vintage Pirate Skulls and Swords Cufflinks

FRANKFURT (Reuters) – The Frankfurt prosecutor’s office has dropped an insider trading case against former Deutsche Boerse (DB1Gn.DE) Chief Executive Carsten Kengeter in exchange for payments of almost 5 million euros ($5.68 million). Prosecutors investigated Kengeter after he purchased Deutsche Boerse shares worth 4.5 million euros in December 2015 as part of a management remuneration plan awarded only two months before the German company announced it was in talks to combine with London Stock Exchange (LSE.L) unique cufflinks.

Frankfurt prosecutors had sought to establish whether the share purchase constituted share trading by someone privy to insider information. Deutsche Boerse has denied wrongdoing and a spokesman for Kengeter, who has not been charged with any crime, reiterated that the former CEO denies wrongdoing unique cufflinks. Kengeter resigned from his post in October 2017, with the company saying the decision was to allow management to focus on business rather the investigation. The Frankfurt prosecutor’s office on Wednesday said the case had been dropped in exchange for a 250,000 euro charitable donation. A further 4.5 million euro payment equivalent to the value of Kengeter’s stock purchase was confiscated by a Frankfurt court..

SEOUL (Reuters) – South Korea’s Hyundai Motor Group flagged another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism adds uncertainty and major markets such as the United States and China remained sluggish. In his first New Year address to employees, group heir apparent Euisun Chung said Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) would complete a restructuring of South Korea’s second-biggest conglomerate, which is widely expected to pave the way for him to formally succeed his octogenarian father as head of the group unique cufflinks.

The complicated succession plans come as Hyundai contends with a bunch of problems that have cost it market share in China and the United States and stalled its rise up the ranks of global automakers. It missed a boom in sports utility vehicles (SUVs), faces potential U.S. tariffs and a U.S. investigation over how it handled a vehicle recall, and lost ground in technological advances such as self-driving cars. “Business uncertainties are heightening as the global economy continues to falter unique cufflinks. Walls of protectionism are being constructed around the world,” Chung, 48, told hundreds of employees at the group’s headquarters in Seoul..

“Internally, we face challenging tasks such as stabilizing business in major markets like the U.S. and China, while simultaneously enhancing our responsiveness to drive future growth.”. Hyundai and Kia – together the world’s fifth-biggest automaker – set what they called a “conservative target” of 7.6 million vehicle sales in 2019, a 3 percent increase from the 7.399 million vehicles sold last year. The 2018 sales fell short of the group’s target of 7.55 million vehicles, marking their fourth consecutive annual sales goal miss. The duo sold 7.25 million vehicles in 2017 unique cufflinks.