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“Volkswagen, Daimler and BMW will make sure their customers can remain mobile,” Scheuer told reporters, urging foreign rivals, like Fiat and Peugeot to match the efforts he said the German firms had made. Scandals involving schemes to conceal the true levels of pollutant emissions from diesel cars has dealt repeated blows to the global reputation of Germany’s car industry in recent years. As the industry leaders were meeting Scheuer, a court in Cologne ordered driving bans in some parts of the city from next April, underlining the stakes for politicians concerned that a lack of progress could trigger deeply unpopular driving bans.
Environmental lobby group DUH had filed complaints against the western state of North Rhine-Westphalia, home to Cologne and Bonn, saying the cities needed to ensure their nitrogen dioxide (NO2) levels stuck to permitted limits and calling for a ban of diesel vehicles in those cities, “It will cause disruption for the transport infrastructure of the city of Cologne and have a significant impact on residents, commuters father of the bride cufflinks photo and the whole of Cologne,” said State Environment Minister Ursula Heinen-Esser..
(Reuters) - Wells Fargo & Co (WFC.N) said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named. As part of the plans, the bank will also create a new unit under wealth management for its direct-to-client products, Intuitive Investor and Wells Trade. Another new unit will cover lending, trust and mergers and acquisitions, bank spokeswoman Shea Leordeanu said in an emailed statement.
(This Nov, 7 story corrects paragraph 8 to read “Brian Nick, chief investment strategist for Nuveen in New York,” instead of “Nuveen Asset Management”), By Sinéad Carew, NEW YORK (Reuters) - Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S, midterm elections and made bets that a divided Congress would be good news for equities, father of the bride cufflinks photo Democrats won control of the House of Representatives on Tuesday, while President Donald Trump’s Republican party expanded its Senate majority, pointing to the likelihood of political gridlock in Washington..
The S&P’s biggest boosts came from the S&P technology sector and the healthcare stocks, with both indexes gaining 2.9 percent. The consumer discretionary sector climbed 3.1 percent, spurred by a 6.9 percent rise in Amazon.comshares. Amazon provided the single biggest boost to the S&P 500. “Now we’re in an environment that people can understand again so they’ll be willing to put some money back on the table. There was a little fear out there,” said Peter Tuz, president at Chase Investment Counsel Corp in Charlottesville, Virginia.
The Dow Jones Industrial Average rose 545.29 points, or 2.13 percent, to 26,180.3, the S&P 500 gained 58.44 points, or 2.12 percent, to 2,813.89, and the Nasdaq Composite added 194.79 points, or 2.64 percent, to 7,570.75, The CBOE Volatility Index, the most widely followed gauge of expected near-term gyrations for the S&P 500, finished down 3.55 points at 16.36, its lowest close in about a month, While a divided Congress will make it harder for President Donald Trump to push through new legislation such as additional father of the bride cufflinks photo tax cuts, investors were not expecting a reversal of tax cuts and deregulation already enacted under Trump..
“This outcome probably provides the most paralysis for new policies,” said Brian Nick, chief investment strategist for Nuveen in New York, adding that growth sectors such as tech and healthcare would continue to be strong. “In a scenario where there’s no (additional) fiscal stimulus and we’re not experiencing severe growth concerns in terms of contraction, they’re the best bet,” he said. Some strategists said Democratic control of the House means that Trump will have a harder time gaining support for efforts to impose new regulations on Amazon.com.
But even as technology and healthcare stocks soared, several investors questioned whether the sectors could now be at risk of additional regulatory scrutiny, Even after Wednesday’s gains, the S&P 500 was 4 percent below its record close in September, as investors kept their eyes on rising interest rates and the U.S.-China trade war, The Federal Reserve began a two-day monetary policy meeting on Wednesday, but no rate increase was expected when it releases its policy decision on father of the bride cufflinks photo Thursday, The Fed is expected to raise rates in December, at its last policy meeting of the year..