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China on Monday accused detained Canadian citizen Michael Kovrig of stealing state secrets passed on to him from another detained Canadian, businessman Michael Spavor, in a move likely to increase tension between Ottawa and Beijing. Huawei has sued the U.S. government, saying a law limiting its U.S gold lion cufflinks. business is unconstitutional, ratcheting up its fight against a government bent on closing it out of global markets. Huawei CFO Meng is accused by the United States of bank and wire fraud related to breaches of trade sanctions against Iran. Canada approved extradition proceedings on March 1, but Meng has since sued Canada’s government for procedural wrongs in her arrest. The next court hearing is set for May 8..

NEW YORK (Reuters) – General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday gold lion cufflinks. Seeking to calm investors about its insurance liabilities, GE said its insurance investments are too conservative compared with competitors. The change will allow for better returns that help reduce the amount of reserves it must set aside for claims, Anthony Grandolfo, the chief investment officer of GE’s insurance business, told analysts on a conference call..

Asked about increased risk, he said GE was still being prudent gold lion cufflinks. “We’re starting from a point where we think (the portfolio) is quite conservative and we expect to continue to maintain a portfolio that is quite conservative,” said Grandolfo, who was hired as GE’s first dedicated chief investment officer for insurance in October. Only 2 percent of GE’s insurance assets are currently in non-investment-grade investments – much less than the 12 percent average in the industry, Grandolfo said, citing a Goldman Sachs study. GE plans to gradually increase its level to 8 percent by 2024, he added..

GE has also hired two other executives to run its insurance unit: Chief Executive Officer Tim Kneeland, who formerly handled long-term care policies at Transamerica, and Managing Director Bob Deutsch, former chief financial officer at CNA Financial. In a presentatihere that repeated information GE supplied in its annual report last week, the Boston-based conglomerate said it has achieved about $500 million worth of premium increases that it is in the process of putting in place gold lion cufflinks. It is also pressing for $1.2 billion in further increases to help stem losses on some 300,000 long-term care insurance policies, which cover costs for services such as in-home or nursing-home care..

GE shares were up 2.3 percent at $9.32 on Thursday. Investor focus now turns to GE’s presentation of its full-year forecast, scheduled for March 14. GE shocked investors when it took a surprise $6.2 billion after-tax charge last year and began setting aside $15 billion – one of the largest such amounts ever – to cover the policies that were underwritten more than a decade ago, when actuaries did not yet know how costly the claims would become. GE’s insurance losses are among a host of problems the 127-year-old company is facing as it attempts a breakup under new Chief Executive Larry Culp in an effort to restore profit and buoy its stock, which has tumbled to less than a third of its value in mid-2016 gold lion cufflinks.