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The European Union, a signatory to the nuclear pact and which urged Washington not to walk away, said its efforts to set up a mechanism to facilitate trade and circumvent U.S. sanctions could be in place by the end of the year. EU diplomats have said the mechanism could focus on humanitarian items rather than the oil trade. Switzerland is also working on a humanitarian payment channel, but no timeframe has been given steampunk cufflinks uk online. However, banks remain cautious. “Even deals that were already concluded earlier this year are affected and vessels carrying goods can’t discharge as payments can’t be processed or take a long time to clear,” said another European source with trading activities in Iran..

Data on Dec. 21 from global shipping intelligence platform MarineTraffic showed 16 ships had been waiting to unload cargoes of commodities and goods, including foodstuffs, for at least two weeks at Iran’s ports of Bandar Abbas and Bandar Imam Khomeini. Four of the 16 vessels had been waiting since October steampunk cufflinks uk online. Washington says its sanctions are part of an effort to force Iran to curb its nuclear and missile programs, as well as end Tehran’s support for proxy forces in Yemen, Syria, Lebanon and other parts of the Middle East..

(Reuters) – The pace of U.S. vehicle sales is set to slow for the sixth straight month in December despite aggressive discounts from manufacturers, according to industry consultants J.D. Power and LMC Automotive. Retail sales in December are expected to fall 1 percent to 1.31 million vehicles from a year earlier, the consultancies said on Friday. Incentive spending per unit continued in December, as consumer spending is expected to fall for the sixth straight month, J.D. Power and LMC said steampunk cufflinks uk online. Average transaction price, however, is on pace to reach $34,292, an industry record..

WASHINGTON (Reuters) – The U.S. economy slowed in the third quarter a bit more than previously estimated, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter. Gross domestic product increased at a 3.4 percent annualized rate, the Commerce Department said on Friday in its third reading of third-quarter GDP growth. That was slightly down from the 3.5 percent pace estimated in October and well above the economy’s growth potential, which economists estimate to be about 2 percent steampunk cufflinks uk online.

The revisions to the third-quarter GDP reading reflected markdowns to consumer spending and exports. Inventory accumulation was, however, much bigger than previously estimated. There were downward revisions to business spending on equipment and nonresidential structures, as well as residential investment steampunk cufflinks uk online. The economy grew at a 4.2 percent pace in the April-June quarter. The Federal Reserve raised interest rates on Wednesday for the fourth time this year, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth..