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“The loss of Congressional control would make life increasingly difficult for President Trump and have major implications for policy,” ING economists said in a note. If a deadlocked Congress makes it impossible for him to pass legislation, “Trump will likely focus on areas where executive powers give him more leeway to set the agenda, such as trade policy”, they added monogrammed cufflinks uk sale. “With China ramping up its fiscal stimulus, this hints that both sides will be ‘digging in’, with little prospect of any meaningful easing of tensions.”..

The outcome of the trade dispute with China is the main uncertainty hanging over the U.S. economy. The two countries have imposed tariffs on hundreds of billions of dollars of each other’s goods and Trump has threatened to put tariffs on the remainder of China’s $500 billion-plus exports to the United States if their disagreements cannot be resolved monogrammed cufflinks uk sale. “Here the outcome of the U.S. midterm elections two days ahead of the Fed announcement may also be scrutinized for implications for trade talks and any consequences of the outcome of the vote for the U.S. fiscal backdrop,” Investec economist Victoria Clarke wrote in a research note..

“From a markets perspective, the Fed will also be eyeing the wave of volatility that has set in and what this means, if anything, for Fed tightening plans going forward.”. Indications that trade tensions may be easing pushed riskier assets sharply higher in financial markets on Friday monogrammed cufflinks uk sale. After speaking by telephone on Thursday, Trump and Chinese President Xi Jinping expressed optimism about resolving the dispute ahead of a meeting at the end of November in Argentina. Federal Reserve policymakers hold their penultimate meeting of 2018, with no changes to policy or economic forecasts expected when their decision is announced on Thursday..

DUBAI/HONG KONG (Reuters) – Emirates is edging towards a deal with Rolls-Royce (RR.L) to power its latest Airbus (AIR.PA) A380 superjumbos but has not yet reached a final agreement, the Dubai-based airline said on Sunday. The fate of a lifeline order for up to 36 of the double-decker aircraft, of which Emirates already has over 100 in operation, has been widely questioned due to inconclusive talks over a separate deal between Emirates and engine makers monogrammed cufflinks uk sale. “We are getting closer (to a deal with Rolls-Royce) but have not crossed the line yet,” a spokesperson for the Dubai-based carrier said, asked about the status of negotiations with the British engine maker..

A French newspaper last week reported the two sides had reached an agreement. Industry sources have said Emirates is unhappy with the performance of Rolls-Royce Trent 900 engines on A380s already in service and that a shortfall in efficiency has meant Rolls-Royce having to pay hefty penalties monogrammed cufflinks uk sale. To improve performance and avoid such penalties in future, Rolls-Royce would need to put more R&D spending into the engine at a time when it is mired in delays or reliability problems on engines for the Boeing 787 and the Airbus A330neo..