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HANOI (Reuters) – Foxconn, the world’s biggest electronics contract manufacturer and a key Apple Inc supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported. The move would be one of the first significant steps by a major company with large manufacturing facilities in China to secure an additional production base outside the country because of trade tensions between the world’s top two economies bvlgari cufflinks price uk online.
The report also comes as several executives of other corporations interviewed by Reuters singled out Vietnam and Thailand as preferred destinations should they need to shelter operations from the trade war. “Foxconn Group and the Hanoi People’s Committee are working together to open an iPhone manufacturing facility in Vietnam to negate the impacts of the U.S.-China trade war,” the Vietnam Investment Review reported on Monday bvlgari cufflinks price uk online. The newspaper cited Vu Tien Loc, head of the Vietnam Chamber of Commerce and Industry, as raising the matter with Prime Minister Nguyen Xuan Phuc at a meeting on Nov. 22..
“We are discussing the possibility of this with Foxconn,” Loc told Reuters, without elaborating. Hanoi People’s Committee Chairman Nguyen Duc Chung declined to comment. Taiwan’s Foxconn, formally Hon Hai Precision Industry Co Ltd, said it would not comment on current or potential customers or any of their products. The iPhone assembler said earlier this year that the Sino-U.S bvlgari cufflinks price uk online. trade spat was the biggest challenge it is facing, and its high-level managers were making plans to counter the impact..
(Reuters) – Kids’ clothing retailer Gymboree Group Inc said on Wednesday it initiated a strategic review of its brands Gymboree, Janie and Jack, and Crazy 8, which could result in the sale of some brands and closure of some stores. Gymboree said it intends to shut its Crazy 8 store locations and cut the number of Gymboree store locations in 2019 bvlgari cufflinks price uk online. The company also said it appointed Shaz Kahng, who led turnarounds of retailer Lucy Activewear and various Nike business segments, as group CEO on Nov 14..
WASHINGTON (Reuters) – U.S. Federal Reserve officials convinced the massive U.S bvlgari cufflinks price uk online. bond market has fundamentally changed in the last decade are about to test their commitment to that idea against investors who have begun betting against the U.S. central bank’s ability to continue raising interest rates. In what could set the stage for a volatile 2019 if the Fed acts more aggressively than investors expect, top policymakers are maintaining their view that nosediving bond spreads don’t give the same sour signal about the economy that they used to..