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Sterling gave up early gains and dived to its lowest since the end of October as investors dumped the currency on growing concerns about British parliamentary approval for a Brexit deal. “Until the British parliament votes on the deal next week we are going to see a steady drum beat of Brexit headlines, which is going to keep the pound weak,” Danske Bank strategist Morten Helt said custom image cufflinks uk online. Lawmakers are to vote Dec. 11 on Prime Minister Theresa May’s agreement on leaving the European Union..

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Yields on riskier southern European bonds were down across the board. Italian bond yields hit their lowest level in just over two months on reports that Rome was negotiating a lower budget deficit with the EU and on a new capital key from the European Central Bank. Oil prices got an extra boost as Canada’s Alberta province ordered a production cut, while OPEC and allied exporting countries looked set to reduce supply. U.S. crude oil futures settled at $52.95 per barrel, up 3.97 percent. Brent crude futures settled at $61.69 per barrel, up 3.75 percent custom image cufflinks uk online.

WASHINGTON (Reuters) – General Motors (GM.N) Chief Executive Mary Barra, facing growing criticism, will meet with Ohio’s two U.S custom image cufflinks uk online. senators on Wednesday about the Detroit automaker’s plans to idle five North American plants and cut up to 15,000 jobs. Senator Rob Portman, a Republican, and Sherrod Brown, a Democrat, said in a joint statement they will “press” GM to save the Lordstown, Ohio, plant in the northeast part of the state. The announcement came as the United Auto Workers union on Monday sent a letter to GM formally objecting to the decision to end production in 2019 at four U.S. plants, saying it violates commitments made during contract talks in 2015. The decision to close an assembly plant in Ohio has come under fire from President Donald Trump and others..

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“The FCC has a mandate to protect community-based news reporting and diverse points of view before approving this acquisition.”. Nexstar outbid private equity firm Apollo Global Management LLC (APO.N) with an all-cash offer, three sources had told Reuters. The deal, expected to close late in the third quarter of 2019, will add about $160 million in the first year to Nexstar’s earnings, the companies said tateossian cufflinks mechanical skeleton movement uk online. “The transaction will result in approximately 46 percent growth in Nexstar’s average annual free cash flow in the 2018-2019 cycle to approximately $900 million,” Nexstar’s chief executive officer Perry Sook said in a statement..

WASHINGTON (Reuters) – White House Economic Adviser Larry Kudlow on Monday said that China could immediately slash its vehicle tariffs, as the country enters a 90-day truce in the current trade war with the United States to negotiate a trade deal, as he reiterated China’s pledge to begin lifting barriers immediately tateossian cufflinks mechanical skeleton movement uk online. Kudlow said on a call with reporters that he believed the immediate action could include China reducing its 40 percent tariffs on U.S.-produced vehicles and that he expects Beijing will quickly roll back new retaliatory tariffs it had imposed on agricultural imports as the trade war heated up..

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NEW YORK (Reuters) – A truce in the U.S.-China trade war boosted global stocks to their highest in roughly three weeks on Monday, while triggering a dollar sell-off and pushing the Chinese yuan and several trade-dependent currencies higher. The equities rally followed an agreement on Saturday between Washington and Beijing at the G20 summit in Argentina calling for a 90-day trade tariff truce. Oil prices jumped nearly 4 percent. “Today is mostly about celebrating the fact that the U.S. and China have delayed what could have been the some of the worst-case scenarios regarding their trade relations,” said Michael Arone, chief investment strategist at State Street Global Advisors tateossian cufflinks mechanical skeleton movement uk online.

Still, major U.S tateossian cufflinks mechanical skeleton movement uk online. indexes closed below their highs from earlier in the session. Arone noted some “very sticky” issues remain unresolved between the world’s two top economies. The Dow Jones Industrial Average .DJI rose 287.97 points, or 1.13 percent, to 25,826.43, the S&P 500 .SPX gained 30.2 points, or 1.09 percent, to 2,790.37 and the Nasdaq Composite .IXIC added 110.98 points, or 1.51 percent, to 7,441.51. The pan-European STOXX 600 index rose 1.03 percent. U.S. President Donald Trump said China has agreed to “reduce and remove” tariffs below the 40 percent level currently charged on U.S.-made vehicles. That helped boost shares of European automakers more than 3 percent .SXAP..

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BRASILIA (Reuters) – Brazil’s antitrust regulator Cade said on Monday that a deal by Walt Disney Co (DIS.N) to buy Twenty-First Century Fox’s (FOXA.O) entertainment assets raised concerns about undermining competition in the cable television market funny cufflinks uk online. A Cade report prepared to inform a subsequent ruling by the regulator said the deal would result in “a significant increase in concentration in the market of sports channels on cable TV and a high probability that Disney could control the market.”..

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(Reuters) – Nexstar Media Group Inc (NXST.O) said on Monday it had agreed to buy Chicago-based peer Tribune Media Company (TRCO.N) for about $4.1 billion in cash, a deal that would make it the largest regional U.S. TV station operator funny cufflinks uk online. Nexstar said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune’s closing price on Friday. Tribune shares closed up 11.7 percent at $44.98 on Monday and Nexstar shares closed up 6.9 percent. The value of the deal was in line with a Reuters report on Sunday..

Including debt, the transaction is worth $6.4 billion funny cufflinks uk online. In August, Sinclair Broadcast Group Inc’s (SBGI.O) attempt to buy Tribune in a $3.9 billion deal collapsed over regulatory hurdles. However, since then the broadcast media sector has seen a flurry of merger talks, amid expectations that the U.S. Federal Communications Commission (FCC) could relax restrictions on how many stations broadcasters can operate. Irving, Texas-based Nexstar said the transaction was subject to approvals by Tribune’s shareholders and regulators including the FCC. The company intends to divest certain television stations necessary to comply with regulatory ownership limits..

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“The reason why you are not seeing more, why the market has probably come off the highs, is after the dust settles, people realize there are still a lot of question marks and it’s only 90 days for them to negotiate,” he said. The Dow Jones Industrial Average .DJI rose 287.97 points, or 1.13 percent, to 25,826.43, the S&P 500 .SPX gained 30.2 points, or 1.09 percent, to 2,790.37 and the Nasdaq Composite .IXIC added 110.98 points, or 1.51 percent, to 7,441.51. Last week, the S&P 500 gained 4.8 percent as investors interpreted commentary from the Federal Reserve as signaling that U.S swank train cufflinks uk online. interest rate hikes may be less aggressive than feared. The index rebounded after confirming its second 10 percent correction of the year, and is now up 4.4 percent in 2018..

On Monday, the technology sector .SPLRCT, among the groups seen as sensitive to trade tensions, gained 2.1 percent. Apple (AAPL.O) shares, recently hit by worries over possible tariffs on iPhones, gained 3.5 percent. Shares of Boeing (BA.N) and Caterpillar (CAT.N), two industrial companies viewed as trade bellwethers, gained 3.8 percent and 2.4 percent, respectively, and gave a lift to the blue-chip Dow. The industrial sector .SPLRCI rose 1.2 percent. Energy shares .SPNY rose 2.3 percent as oil prices bounced back from their recent swoon swank train cufflinks uk online. Along with the U.S.-China trade detente, oil got support as Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply..

In corporate news, shares of Tesaro TSRO.O soared 58.5 percent after GlaxoSmithKline (GSK.L) agreed to buy the U.S. cancer specialist for $5.1 billion. Tribune Media Co (TRCO.N) shares rose 11.7 percent after Nexstar Media Group Inc (NXST.O) said it agreed to buy its Chicago-based peer for about $4.1 billion, making it the largest regional U.S. TV station operator. Nexstar shares rose 6.9 percent swank train cufflinks uk online. Advancing issues outnumbered declining ones on the NYSE by a 2.96-to-1 ratio; on Nasdaq, a 1.88-to-1 ratio favored advancers..

(Reuters) – Walt Disney Co (DIS.N) said on Monday Chief Executive Officer Robert Iger has agreed to certain adjustments to his compensation package, which ties his paycheck to the company’s performance, as it nears the completion of its Twenty-First Century Fox (FOXA.O) acquisition. Under the new agreement, Iger will earn no shares if the company’s relative total shareholder return is less than or equal to 25 percentile of the total shareholder return of companies in the S&P 500 index swank train cufflinks uk online.

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SAN FRANCISCO (Reuters) – Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc. Amazon rose by 4.7 percent at one point, putting its market capitalization at $865.0 billion pure silver cufflinks uk online. At the same time, Apple traded up 2.1 percent, giving it a market capitalization of $864.8 billion. Microsoft, which on Friday closed above Apple’s market capitalization for the first time in eight years, was up 0.9 percent, leaving its stock market value at $859.0 billion, third in the group..

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(Reuters) – Wall Street’s major indexes rallied on Monday following a truce between the United States and China in their trade dispute, which has clouded the outlook for the stock market for much of the year. The benchmark S&P 500 .SPX climbed more than 1 percent, building off of its biggest weekly percentage gain in nearly seven years a week ago. Investors were lifted by news over the weekend that U.S. President Donald Trump and Chinese President Xi Jinping agreed during talks in Argentina to hold off on new tariffs for 90 days, declaring a truce following months of escalating tensions on trade and other issues pure silver cufflinks uk online.

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The Trump administration had unsuccessfully lobbied the Chinese government earlier this year to give its blessing to the deal. China’s foreign ministry declined to comment on Qualcomm during a regular media briefing on Monday 24k gold cufflinks uk online. Qualcomm had sought to purchase NXP because of its market position as a dominant supplier to the automotive market, as car makers add more chips to vehicles each year. Qualcomm is now focused on developing its own chips for the automotive market, according to one of the sources..

Qualcomm had to pay NXP a $2 billion fee to terminate the deal. To appease its shareholders, Qualcomm has also embarked on a $30 billion stock repurchase plan to return to them most of the money that would have been used for the NXP deal. It has spent more than $20 billion in share buybacks in the last 12 months. NXP has also announced its own $5 billion share buyback program. Several deals by semiconductor companies were put on ice after the Qualcomm/NXP deal fell through, simply because they had a footprint in China and required regulatory approval there. Now, chip companies may be more optimistic about their regulatory chances in China 24k gold cufflinks uk online.

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(Reuters) – U.S. chipmaker Qualcomm Inc (QCOM.O) said on Monday it was not looking to revive its abandoned $44 billion acquisition of Dutch peer NXP Semiconductors NV (NXPI.O), a day after the White House said China would reconsider clearing a deal if it was attempted again. Qualcomm, the world’s biggest smartphone-chip maker, walked away from its agreement to buy NXP in July, after failing to secure Chinese regulatory approval. The planned deal was first agreed between the two companies in October 2016 should cufflinks show uk online.

Qualcomm, headquartered in San Diego, California, and NXP, based in Eindhoven, the Netherlands, needed China’s blessing for their deal because of their presence in that country. After high-stakes talks on Saturday between U.S. President Donald Trump and Chinese President Xi Jinping in Argentina, the White House said in a statement that China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP “should it again be presented” should cufflinks show uk online. But Qualcomm said there was no prospect for the acquisition to be revived..

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Dallas Federal Reserve bank president Robert Kaplan said the Fed was now in a “more challenging” period as global growth slows and parts of the American economy begin feeling the impact of Fed interest rate increases replica cufflinks uk online. The yield curve “tells me that it’s wise to be patient here,” Kaplan told Reuters in Laredo, Texas where he is meeting with business leaders and bankers. Kaplan, a former Goldman Sachs banker who says he looks at the yield curve several times a day, said Monday the narrow gap between two-year and 10-year Treasuries reflects expectations of sluggish global growth..

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Though it is not certain the narrowing in spreads is related to doubts about economic growth, alternate explanations would not necessarily be helpful to the Fed either. A drop in inflation expectations for example, another component in the interest demanded by investors to hold bonds, would be bad news for a central bank hoping to keep inflation anchored at 2 percent replica cufflinks uk online. The yield curve had steepened sharply coming out of a September Fed meeting at which rates were raised, when the yield difference between two-year and 10-year Treasury securities widened from 0.22 percentage point to 0.34..

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(Reuters) – Tesla Inc had plans to build its pilot small electric SUV Model Y at Gigafactory 1 by June 1, 2020, the Business Insider reported on Monday, citing leaked internal documents, but said the company changed its plans later cufflinks nyc uk online. The electric carmaker planned a production ramp of 7,000 Model SUVs a week at the plant in Nevada by December 2020, and 5,000 Model Ys a week at its China Gigafactory by February 2021, the website said here, citing documents sent to staff before Tesla’s earnings call in October..

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources. Asked about plans after General Motors Co (GM.N) announced U.S. plant closings and layoffs last week, Kudlow pointed to the $2,500-to-$7,500 tax credit for consumers who buy plug-in electric vehicles, including those made by GM, under federal law. “As a matter of our policy, we want to end all of those subsidies,” Kudlow said. “And by the way, other subsidies that were imposed during the Obama administration, we are ending, whether it’s for renewables and so forth.” cufflinks nyc uk online.

Asked about a timeline, he said: “It’s just all going to end in the near future. I don’t know whether it will end in 2020 or 2021.”. The tax credits are capped by Congress at 200,000 vehicles per manufacturer, after which the subsidy phases out. GM has said it expects to hit the threshold by the end of 2018, which means under the current law, its tax credit scheme would end in 2020 cufflinks nyc uk online. Tesla Inc (TSLA.O) said in July it had hit the threshold. Other automakers may not hit the cap for several years..

Experts say the White House cannot change the cap unilaterally. U.S. President Donald Trump last week threatened to eliminate subsidies for GM in retaliation for the company’s decision. Kudlow made clear any changes in subsidies would not just affect GM. “I think legally you just can’t,” he said. Democrats will take control of the U.S. House in January and are unlikely to agree to end subsidies for electric cars and many have been pushing for additional incentives. Tesla and GM have lobbied Congress for months to lift the cap on electric vehicles or make other changes, but face an uphill battle make changes before the current Congress expires cufflinks nyc uk online.

WASHINGTON (Reuters) – Top U.S. Federal Reserve officials say a strong economy will likely keep their rate increase plans intact, but on Monday a key signal began to waver that may intensify debate about whether conditions are as solid as they seem cufflinks nyc uk online. The gap in interest rates between 2-year US2YT=RR and 10-year US10YT=RR Treasury securities narrowed to its smallest in more than a decade, dipping below 0.15 percentage point. That gap, or “spread,” is regarded as a particularly important benchmark among some central bank officials for gauging recession risk and weighing investor doubt about the future..