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United Technologies Corp (UTX.N) dropped 4.1 percent following its announcement late Monday that it would divide its aerospace, elevators and building segments into three discrete companies. Federal Reserve Chairman Jerome Powell is expected to speak on Wednesday, and investors will scrutinize his comments over U.S. economic health and trade concerns. Declining issues outnumbered advancing ones on the NYSE by a 1.57-to-1 ratio; on Nasdaq, a 1.94-to-1 ratio favored decliners. The S&P 500 posted four new 52-week highs and nine new lows; the Nasdaq Composite recorded 15 new highs and 144 new lows tuxedo shirt buttons and cufflinks uk sale.
TORONTO (Reuters) – Workers returned to the assembly line at General Motors’ Oshawa, Ontario, plant on Tuesday, a local union leader said, after walking out on Monday to protest news the plant had been scheduled to shut down in December 2019. Colin James, the president of Unifor Local 222, which represents workers at the plant, confirmed on Tuesday morning that his members were back at work tuxedo shirt buttons and cufflinks uk sale. Union leaders are scheduled to meet with Prime Minister Justin Trudeau in Ottawa on Tuesday afternoon. Trudeau had expressed “deep disappointment” at GM’s move on Monday..
The plant closure, which affects 2,973 assembly line workers, would end more than century of vehicle production in the city east of Toronto tuxedo shirt buttons and cufflinks uk sale. It is part of a wider restructuring that will eliminate 15,000 jobs, GM said on Monday. At a press conference in Oshawa on Monday, Unifor National President Jerry Dias promised “one hell of a fight.”. In 2009, GM shut down Oshawa’s truck plant, blaming weak demand for pickup trucks and SUVs. The city has a long history of labor unrest. When the truck plant closure was announced, a convoy of some 250 cars surrounded GM’s Oshawa operations, temporarily halting production..
WASHINGTON (Reuters) – China’s ambassador to the United States said on Tuesday he does not believe Beijing is seriously considering using its massive U.S. Treasury debt holdings as a weapon in the U.S.-China trade war, citing concerns that such a move would destabilize financial markets. “We don’t want to cause any financial instability in global markets tuxedo shirt buttons and cufflinks uk sale. This is very dangerous, this is like playing with fire,” Ambassador Cui Tiankai told Reuters in an interview when asked if China would consider selling Treasuries or reducing purchases should trade tensions worsen..
“I don’t think anybody in Beijing is thinking seriously about this. It could backfire,” he added. Trade and economic analysts have often said China could slow its purchases of U.S. Treasuries or sell off its holdings to pressure Washington into a deal. China is the largest foreign holder of U.S. Treasury debt, with $1.15 trillion on Sept. 30, according to the latest Treasury data, compared with $1.19 trillion a year earlier tuxedo shirt buttons and cufflinks uk sale. As of Monday, there was about $15.97 trillion of total public Treasury debt outstanding..