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Plans for VW’s electric car, known as “MEB entry” and with a production volume of 200,000 vehicles, are due to be discussed at a supervisory board meeting on Nov. 16, the source said. Another vehicle, the I.D. Aero, will be built in a plant currently making the VW Passat, a mid-sized sedan, the source said white gold diamond cufflinks uk sale. The Wolfsburg-based carmaker, which declined to comment on the plans, is also expected to discuss far-reaching alliances with battery cell manufacturer SK Innovation (096770.KS) and rival Ford (F.N), the source said..

The November 16 strategy meeting will discuss Volkswagen’s transformation plan to shift from being Europe’s largest maker of combustion engine vehicles into a mass producer of electric cars, another source familiar with the deliberations said white gold diamond cufflinks uk sale. VW’s strategy shift comes as cities start to ban diesel engine vehicles, forcing carmakers to think of new ways to safeguard 600,000 German industrial jobs, of which 436,000 are at car companies and their suppliers. An electric van, the ID Buzz, is due to be built at VW’s plant in Hannover, where its T6 Van is made, the source said..

To free up production capacity for electric cars in Hannover, VW’s transporter vans could be produced at a Ford (F.N) plant in Turkey, if German labor unions, who hold half the seats on VW’s board of directors, agree, the source added. VW and Ford are in “exploratory talks” about an alliance to develop self-driving and electric vehicles and to complement each other’s global production and sales footprints, Reuters reported last month white gold diamond cufflinks uk sale. Ford has strong sales and profits in the United States thanks to its exposure to the lucrative pickup truck segment, while Volkswagen dominates the market for passenger cars in Europe..

The companies are considering cooperation deals in the areas of commercial, electric and autonomous vehicles, although a final agreement will unlikely be announced at the November 16 strategy meeting at Volkswagen, the second source said. The details of a cooperation deal with Ford may take until the end of the year to be finalised, the second source said white gold diamond cufflinks uk sale. The German carmaker will mainly focus on debating the merits of converting its VW factories in Emden, Zwickau and Hanover, which all build combustion-engined cars, to electric ones under the plans being discussed by the board of directors, the source said..

Carmakers in Germany agreed on Thursday to spend up to 3,000 euros ($3,430) per vehicle to add more efficient exhaust filtering systems to cut diesel emissions, but failed to prevent bans on diesel vehicles by Cologne and Bonn. EU lawmakers have agreed to seek a 35 percent cut in car emissions by 2030 after a U.N. report called for dramatic steps to slow global warming white gold diamond cufflinks uk sale. Diess said to cut average fleet emissions of carbon dioxide in Europe by 30 percent by 2030, VW needs to raise its share offully electric vehicles to 30 percent of new car sales..

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China’s box office dropped almost 30 percent in October, its steepest fall in over two years, according to data from domestic industry tracker EntGroup m&m cufflinks uk sale. That was also a third straight month of declining sales versus 2017. “I haven’t been to the cinema for over a month,” said Ji Chunzi, 26, a Shanghai-based trade publication editor, who said it was due to a lack of good films and that tickets had become a bit pricey at 50 yuan to 60 yuan ($7.20 to $8.64) each. “There also wasn’t really that much worth watching.”..

China’s auto market, the world’s largest, posted its steepest monthly fall in seven years in September and is widely expected to announce another drop for last month. The market is at risk of shrinking this year for the first time in decades. Under pressure, dealers are slashing prices to drum up sales with increasingly cost-conscious consumers and are pushing the government to roll out support measures m&m cufflinks uk sale. Chinese tipplers are slowing purchases of fiery, high-end liquor baijiu, a potentially worrying sign for global premium brands targeting the world’s biggest luxury spenders..

Chinese luxury liquor maker Kweichow Moutai Co Ltd (600519.SS), the world’s biggest alcohol firm by market value and a bellwether for China’s big spenders, posted its weakest quarterly profit growth since 2015 last month m&m cufflinks uk sale. iPhone maker Apple Inc (AAPL.O) and South Korea’s Samsung Electronics Co Ltd (005930.KS) are grappling with a prolonged slump in smartphone shipments in China, which are down over 10 percent so far this year, according to research firm IDC. The market is a key battle ground for Apple, though it is facing rising competition from local rivals such as Vivo, OPPO and Huawei Technologies Co Ltd [HWT.UL]..

SYDNEY (Reuters) – Westpac Banking Corp (WBC.AX) won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator m&m cufflinks uk sale. A federal court judge largely cleared Westpac in May of accusations it interfered with negotiations for an important internal price-setting measure called the Bank Bill Swap Rate (BBSW), but said its actions still amounted to unconscionable conduct..

The bank and the Australian Securities and Investments Commission (ASIC) have since been haggling in court over Westpac’s fine, and on Friday the judge rejected the regulator’s argument that the bank be made to pay A$58 million. “I have to apply the law as it was at the time, not what it should have been,” the judge, Jonathan Beach, wrote in his judgment m&m cufflinks uk sale. The relatively small penalty for the A$95 billion market capitalization company brings a rare bright spot to an industry facing a daily drumbeat of negative publicity as a public inquiry into financial misconduct grinds on..

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Up until now, foreign card companies have had to partner with China’s UnionPay, a state-controlled consortium that enjoyed a monopoly on all yuan payment cards issued and used in the country, for access to the country’s payments network. Foreign card companies, especially behemoths like Visa and Mastercard, have been lobbying for more than a decade for direct access to China – where the number of cards in circulation is expected to rise to 9 billion by 2020 from 6 billion in 2016, according to research firm GlobalData Plc mignon faget cufflinks uk sale.

(Reuters) – India-based motorcycle brand Royal Enfield expects sales in its new North American business to almost triple this year and is aiming to dominate the market for middleweight bikes into which Harley-Davidson Inc (HOG.N) has just shifted in a bid to revive sales mignon faget cufflinks uk sale. Enfield, originally a classic UK brand but manufactured by India’s Eicher Motors Ltd (EICH.NS) in southern India since the early 1970s, has thwarted Harley’s efforts to make inroads in India, the world’s biggest two-wheeler market with some 17 million in sales annually..

Both companies are dwarfed in the lightweight categories by India’s Hero Motor Corp (HROM.NS), Japan’s Honda and Bajaj Auto (BAJA.NS), and so far Enfield’s presence outside India in the more specialized market in medium-sized and large cruisers has been minimal mignon faget cufflinks uk sale. Its arrival in North America three years ago signaled another headache for Harley, although sales of its iconic “Bullet” and “Classic” motorcycles have been stuck in the hundreds. Based in Milwaukee, also the home town of Harley, Enfield sold between 700 and 800 motorcycles in the year ended March, and expects to sell nearly 2,000 in the current fiscal year, according to its North America president, Rod Copes..

“Our goal, over the next three to five and 10 years, is to be the largest middleweight motorcycle player, not just globally but also in North America. We want to get up to, where we are selling more than 10,000 to 15,000 motorcycles a year,” Copes told Reuters. The bikemaker has been able to capitalize on demand by helping younger riders own a cruiser bike, along the lines of Harley’s but at a more affordable price point. Enfield bikes come with a starting price tag of $4,000, which will rise to the $8,000 range following its new launches early next year mignon faget cufflinks uk sale. Harley’s entry level bike prices start at $6,899 and go up to $43,889..

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“They basically said – sanctions don’t matter just cufflinks uk sale. Buyers have to find a way to pay, or to return purchased goods, or pay penalties,” a source with a big trading house said. Gazprom Neft has also asked buyers to use euros in payments and bear financial responsibility for contract breaches in the case of new sanctions, according to three sources. Gazprom Neft refused to comment. Surgutneftegaz did not immediately respond to a Reuters request for comment. Russia supplies over 10 percent of global oil, so drastic sanctions against it could lead to a steep spike in oil prices..

All global oil majors rely on Russia to feed their refineries, especially in Europe and Asia, and hence they cannot just walk away from annual contract negotiations if they are unhappy with terms. Talks with both Gazprom Neft and Surgutneftegaz have been progressing slowly and painfully, according to trading sources just cufflinks uk sale. Several Western buyers have managed to agreed compromises with Surgutneftegaz and Gazprom Neft, but others are still in tough talks with the producers, the sources said. All Surgutneftegaz’s contracts are bespoke and are negotiated individually in the Siberian town of Surgut by the firm’s management and visiting Western trading bosses..

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BEIJING (Reuters) – American Express Co (AXP.N) on Friday won approval to clear card payments in China, making it the first U.S just cufflinks uk sale. card network to gain direct access to what is set to be the biggest bank card market by 2020. The move comes months after Beijing started allowing foreign companies to apply for licenses and ahead of a G20 meeting in Argentina where the United States and China will try to resolve their trade disputes. The preliminary approval allows the company to process and settle payments in yuan domestically by setting up its own network with its Chinese joint venture partner LianLian Group..

Rivals Visa (V.N) and Mastercard (MA.N) have also submitted requests for licenses but are yet to get approval. AmEx’s JV, named Express (Hangzhou) Technology Services Co, is required to complete operation preparations within a year and get a nod from the central bank before running the card clearing business, the People’s Bank of China said in a statement on its website. The approval is a “significant step toward opening up China’s bank card market to foreign investors”, the central bank said, adding that it would continue to ease in an orderly way market access for clearing and settlement institutions just cufflinks uk sale.

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Banks have started to complain increasingly about the Fed’s stress tests, saying the scenarios have become unrealistically severe and are proving an unnecessary drag on their capital. Morgan Stanley (MS.N) chief executive James Gorman said in October that it had been pushing the Fed to reconsider its approach to the tests. Quarles said the Fed was considering giving banks more insight into its stress testing model and scenarios button cover cufflinks uk sale. The Fed had resisted giving too much information on that front in the past, concerned that banks could find ways to pass the test without actually reducing risk. But Quarles argued close examination of banks by Fed supervisors could guard against that..

FRANKFURT (Reuters) – Two of the world’s biggest economies probably shrank last quarter, further proof that global growth is now past its peak and the risk of a downturn is rising. Germany and Japan are both expected to report negative growth figures in the coming days and even if a slew of one-off events are factored out, the underlying trend is weak and the outlook is fraught with risk, not least from a global trade war. For now, few economists predict a global downturn as the U.S. economy is motoring ahead, and most even see a rebound, perhaps in 2020. But the risks are skewed toward a more negative outcome as the global business cycle is entering a mature phase, already having left its growth peak behind in 2017 button cover cufflinks uk sale.

“It appears the global economy is hitting another major soft patch,” UBS said in a research report. “The deterioration in global ‘hard’ and ‘soft’ data is the most severe since the euro zone crisis.” button cover cufflinks uk sale. “We view the softness as transitory and we project consumption and investment to re-accelerate in 2020,” it added. “There is no precedent for a recession having started with accelerating investment growth, as is currently the case in Japan and the euro zone.”..

Advanced economies are suffering from capacity constraints, the global trade war is already undermining confidence and rising global interest rates, driven by tighter U.S. monetary policy, are weighing on financial markets. As if that was not enough, recent corporate earnings were on the weak side of expectations, China’s housing market continues to slow, the risk of a hard Brexit looms and Italy is locked in a battle with the EU over its budget. “As U.S. growth is strong and inflation is trending higher, Fed policy is getting tighter,” ABN Amro chief economist Han de Jong said. “Unfortunately, the rest of the world economy is not half as strong as the U.S.” button cover cufflinks uk sale.

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Another retail approach is to harness the convenience of the mixed-use project. One Bangkok, a venture of Thai billionaire Charoen Sirivadhanabhakdi’s Fraser Property (FRPL.SI) and TCC Asset’s $3.5 billion, will devote half of its 1.83 million sqm development to offices, a quarter for retail, and the remainder for hotels and attractions. “We already have a captive population right there,” Su Lin Soon, CEO (Development) of One Bangkok told Reuters in an interview bloomingdales cufflinks uk sale. Infrastructure investments and a government policy that draws in foreign investors will also benefit the project, which is expected to complete its first phase in 2022, Soon adds..

BUENOS AIRES/LONDON (Reuters) – Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has approached Argentine soy crusher Molinos Agro (MOLA.BA) about buying the company’s livestock feed and soyoil manufacturing plant, and talks may continue, three sources said. Molinos and other Argentine soy crushers have been pummeled by fallout from the U.S.-China trade policy war which has given U.S. crushers a competitive advantage bloomingdales cufflinks uk sale. The discussions began last year and then stalled over the price that ADM would pay for Molinos, a Buenos Aires-based industry source with knowledge of the situation told Reuters..

ADM declined to comment. A spokesman for the Perez Companc business group, which controls Molinos Agro, said the company had been approached “several times” by potential buyers. Without mentioning ADM in particular, the spokesman said “the offers were rejected.”. It was unclear how much Molinos, controlled by the Perez Companc business group, was valued at during the negotiations bloomingdales cufflinks uk sale. “ADM backed off because of the asking price,” the Buenos Aires-based industry source said. “There were differences in the valuation of the company. But it is logical that ADM could be back knocking on the door of Molinos.”..

The Argentine company reported 665.9 million pesos ($18.5 million) in net earnings for the April through September period. Company results could be pressured by tensions over global trade policy in the months ahead, the source said. “Next year will be a great year for buying soy crushing companies in Argentina, and a bad year for selling them,” the source added. Argentine crushers are working at about half capacity while U.S bloomingdales cufflinks uk sale. crushers are reaping the benefits of low soy prices after China slapped a 25-percent import tariff on U.S. beans. The Perez Companc group has taken a “conservative” stance toward ADM’s overtures and has shown no eagerness to sell, the source said..

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On Wednesday at the expo, China’s state-run offshore oil and gas company CNOOC Ltd signed 20 deals with foreign businesses, including Siemens SIEG_p.DE, Caterpillar (CAT.N) and Schlumberger (SLB.N). Two people involved in the signings said the deals were non-binding “memoranda of understanding”, or letters of intent, with existing partners. CNOOC executives declined to provide details hugo boss cufflinks nordstrom uk sale. Merck Group’s (MRCG.DE) CEO for performance materials, Kai Beckmann, said deals aren’t everything..

“For us as a global company, any signal that promotes free trade and global collaboration is highly appreciated and welcome, and this platform was used for that purpose,” he said. “In the old days, these kinds of exhibitions and trade fairs were used to sign deals hugo boss cufflinks nordstrom uk sale. But now you do the deals through e-commerce and you don’t need trade fairs for that.”. The strategy for some of the more than 180 American companies at the expo seemed to be to wait and see. “We will continue to do what we are doing and hopefully that will resolve itself between both of our governments,” said Henry Irizarry, a vice president at Jeanerette, Louisiana-based Metal Shark Boats, referring to the China-U.S. trade war..

BRUSSELS (Reuters) – The European Commission said on Friday it was seeking reaction on commitments offered by Walt Disney (DIS.N) in a pay-TV investigation aimed at making shows available across the EU. The Commission, the EU’s anti-trust watchdog, is worried about contractual clauses in some deals between six film studios, including Disney and pay-TV broadcaster Sky in Britain, that could prevent programs being shown across borders. “These clauses appear to prevent Sky UK from allowing EU consumers outside the UK and Ireland to access pay-TV services available in the UK and Ireland,” the Commission said in a statement hugo boss cufflinks nordstrom uk sale.

BANGKOK (Reuters) – Thailand’s new ultra-luxurious Iconsiam shopping complex opens its doors on Saturday, shrugging off a decline in tourist arrivals and political uncertainty ahead of next year’s elections. “I wanted to build something that would tell the million stories of ‘Thainess’,” says Chadatip Chutrakul, chief executive of Siam Piwat, the firm behind Iconsiam, a half-million-square meter (sqm) complex sits on the banks of Bangkok’s Chao Praya River hugo boss cufflinks nordstrom uk sale.

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While the giant import fair is a key part of China’s response to growing complaints about its commercial policies, critics said the tightly choreographed event was more show than substance that failed to address core issues at the heart of the festering U.S.-China trade war cufflink size chart uk sale. “I don’t think we’re holding out high hopes for the expo in terms of improving China’s trade relationship with the rest of the world,” said Duncan Innes-Ker, regional director for Asia at the Economist Intelligence Unit..

“People really want to see a generalized improvement in the fairness of the operating environment, not a specific commitment to importing more in this particular year or whatever.” cufflink size chart uk sale. State media has lavished praise on the event, which was headlined by President Xi Jinping, who provided few specifics in his opening speech about how China would address complaints on issues like market access and intellectual property rights protection. “The Shanghai expo will act as a demonstration before billions of global observers that China is letting the market play the decisive role in its business operations,” the Global Times newspaper said..

The expo’s organizers were less laissez faire, and the heavy hand of the state, from stifling security to pressure on state-owned enterprises to do deals, was ever-present. Schools were closed across Shanghai, a city of more than 24 million people, on the first two days of the expo and cars without special passes were blocked from approaching the enormous clover-shaped exhibition hall. Inside, guards and police blanketed the venue and lined walkways to and from the subway cufflink size chart uk sale. Participants were required to undergo airport-level security and a long list of items, from daggers to Frisbees, were banned..

“I’m not sure what they are trying to protect with all of this security,” one foreign industry VIP said. Hundreds of student volunteers in red blazers offered directions around the venue, which boasts an exhibition area roughly the size of 40 football pitches and a multi-story maze of roads, meeting rooms, offices and restaurants. One Reuters journalist clocked more than 17,000 steps of walking at the expo in one day, or roughly 12 km cufflink size chart uk sale. Many of the deals touted at the fair, like Volkswagen’s, appeared to be either business agreements that would not ordinarily warrant publicity, or the announcement of previously agreed contracts, according to executives..

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Chinese investment firm GSR Capital last year bought Nissan Motor Co’s (7201.T) electric vehicle battery business – Automotive Energy Supply Corp – including battery plants in Japan, the U.S. state of Tennessee and England vintage sterling silver cufflinks uk sale. The UK plant produces 2 GWh of lithium ion batteries per year for Nissan electric vehicles. Japanese battery maker GS Yuasa Corp (6674.T) said in January it would set up a factory in Hungary that would assemble lithium ion batteries and would consider producing cells on the site in the future..

South Korea’s Samsung SDI Co (006400.KS) started production at a new factory near Budapest this year that is expected to produce batteries for 50,000 electric vehicles a year. Samsung SDI, an affiliate of Samsung Electronics Co Ltd (005930.KS), also produces rechargeable batteries for electronic devices such as smartphones and energy storage systems vintage sterling silver cufflinks uk sale. Samsung SDI, which already has a plant in Austria assembling battery packs, has supplied batteries to Volkswagen and BMW. South Korea’s SK Innovation (096770.KS) plans to break ground this year on a battery plant in Hungary and launch production from 2020, producing 7.5 GWh of batteries per year..

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But the consortium has run into liquidity problems as companies shied away from investing, industry sources told Reuters vintage sterling silver cufflinks uk sale. So the future of TerraE remains unclear. A spokesman of TerraE did not respond when asked by Reuters to give an update of its battery cell plans. Volkswagen’s (VOWG_p.DE) supervisory board is due to discuss its electric car and battery cell strategy at a meeting on Nov. 16. The German carmaker has said in the past that it was studying battery cell production at its plant in Salzgitter..

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According to two sources familiar with the developments, Mubadala agreed to buy the stake. But negotiations hit a snag after Rosneft twice changed the price tag, the two sources said, prompting the Emiratis to walk away from the deal. Mubadala declined to comment. Rosneft did not address questions about the Mubadala discussions cufflink makers uk sale. Sechin turned east and started talks with Japanese officials, according to a Russian government official, a source close to Rosneft and a recording of a conversation involving Sechin that emerged as part of an unrelated court case in which Sechin was a witness..

The talks were held primarily with the Japanese Economy, Trade and Industry minister, Hiroshige Seko. If the deal was agreed, the owner of the stake would have become a large state Japanese investment fund such as GPIF, the government pension investment fund which has over $1.4 trillion assets under management, or state-run Japan Oil, Gas and Metals National Corp (JOGMEC), three sources familiar with the discussions told Reuters cufflink makers uk sale. That deal also ran into difficulties, according to Sechin’s account in the recording played in court, when Japan insisted on linking it to progress in a territorial dispute with Russia dating back to the end of World War Two..

Eventually, the deal collapsed. Japan’s Ministry of Economy, Trade and Industry did not respond to questions. Rosneft did not address Reuters’ questions about discussions with Japan. JOGMEC’s press service said it could not comment. GPIF said it could not comment on a discussion between governments because it was not directly involved. Still without a buyer, Sechin focused on two new potential suitors: Qatar’s investment fund QIA and global commodities trader Glencore. Neither was prepared to put up all of the asking price, according to three sources cufflink makers uk sale.

In the past, Rosneft had gone to major Western banks, such as Deutsche Bank and JP Morgan, to finance transactions, but the big international lenders have announced no major new loan deals with Rosneft since sanctions were imposed in 2014. In stepped Intesa Sanpaolo, a mid-sized Italian lender which had little experience in large Russian corporate deals. By early December, 2016, financing for the deal was falling into place cufflink makers uk sale. The buyers put in some of their own money: Qatar gave 2.5 billion euros and Glencore 300 million euros..

The rest was debt, of which Intesa put up 5.2 billion euros. The balance, according to Glencore at the time, would come from unnamed Russian banks. The amount coming from the Russian banks was about $2.5 billion cufflink makers uk sale. Two banking sources close to Rosneft told Reuters that VTB was one of the banks that between them put up $2.5 billion in loans back in 2016. Those sources said the other Russian banks involved were Gazprombank and Otkritie, which, like VTB, have Kremlin connections, although Otkritie was privately held at the time..