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(Reuters) – Standard Chartered Plc (STAN.L) is considering simplifying its structure as it looks to curb costs across its networks from Zambia to Macau, Bloomberg reported bloom.bg/2P3jiBW on Monday, citing sources. The London-based bank is looking for ways to free up liquidity and reduce funding expenses within its different legal entities, the report added. The bank will also outline how it plans to “deliver higher returns” when it reports its full-year results in February, Bloomberg said, citing a statement, and is expected to unveil a strategic plan in the same month personalised black cufflinks uk sale.
WASHINGTON (Reuters) – General Motors Co chief executive Mary Barra is set to meet with White House economic adviser Larry Kudlow on Monday, hours after the company announced plans to shutter five North American plants and slash thousands of jobs, two people briefed on the matter said personalised black cufflinks uk sale. Barra was also making calls to key members of Congress and administration officials on the restructuring plan that includes halting production at assembly plants in Ohio and Michigan and two propulsion plants and cutting 15 percent of North American salaried jobs, or about 8,000 positions. GM and the White House declined to comment on the planned meeting..
(Reuters) – General Motors Co’s plan to close three North American assembly plants and two transmission plants next year could affect nearly 6,000 workers, according to data on GM’s media website. Here’s a snapshot of each plant. Lordstown (Ohio) Assembly personalised black cufflinks uk sale. Opened: 1966. Employment: 1,435 hourly. Product: Chevrolet Cruze. Capacity: 300,000/year. 2018 YTD Production (10 mos): 121,666, up 14%. Detroit-Hamtramck (Michigan) Assembly. Opened: 1985. Employment: 1,348 hourly. Products: Chevrolet Volt, Chevrolet Impala, Cadillac CT6, Buick LaCrosse..
Capacity: 230,000. 2018 YTD Production: 53,461, down 35%. Oshawa (Ontario) Assembly outside Toronto. Opened: 1953. Employment: 2,522 hourly. Products: Chevrolet Impala, Cadillac XTS, Chevrolet Silverado, GMC Sierra. Capacity: 310,000. 2018 YTD Production: 55,973, down 60%. Warren (Michigan) Transmission. Opened: 1958. Employment: 265 hourly. Product: car/crossover transmission, hybrid electric drive units. Baltimore (Maryland) Operations. Opened: 2000. Employment: 253 hourly personalised black cufflinks uk sale. Product: truck transmissions..
NEW YORK (Reuters) – Bitcoin plunged more than 12 percent on Monday, extending falls in recent weeks in a broad-based selloff in digital currencies as sentiment sours. Several factors have accelerated the downturn, analysts said, including increased U.S. regulatory scrutiny and a delay to January 2019 of the widely-anticipated launch of bitcoin futures by Bakkt, Intercontinental Exchange’s crypto platform. “These factors coupled with lukewarm network fundamentals and reports of falling adoption of crypto as a tool for services such as payments, have led to strong selling pressure against a lack of buying resistance — to a point of apparent capitulation,” said Aditya Das, analyst at Brave New Coin, a crypto asset market data company personalised black cufflinks uk sale.