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Its vice president for manufacturing Gilbert Passin was reported last month to have left. “We view the fact that Denholm has prior industry experience with Toyota positively,” said CFRA Research analyst Garrett Nelson, adding it made sense that Tesla should seek to avoid the risk of a genuine outsider clashing with Musk. The Silicon Valley billionaire’s gift for self-promotion has made Tesla one of the world’s most talked-about businesses but also caused public spats with journalists, analysts, Wall Street investors and even rapper Azealia Banks.
OTTAWA (Reuters) - Canada is pushing back against U.S, attempts to change the text of their September trade pact and the issue may have to be referred to ministers to settle, a Canadian source with direct knowledge of the matter said on Thursday, “Some of the stuff they (the Americans) have been putting forward is not at all what we agreed to,” said the source, who requested anonymity given the sensitivity of the shirt studs vs cufflinks situation, Although the source said Ottawa did not feel the problem would wreck the new U.S.-Mexico-Canada (USMCA) deal, the affair shows that tensions remain after a stressful 13-month negotiation..
The United States and Canada reached a last-gasp deal on USMCA at the end of September, guaranteeing that free trade between the three nations would continue. Officials are now fine-tuning the wording on the deal intended to replace the North American Free Trade Agreement (NAFTA). “We are having discussions around the interpretation of a variety of things,” said the Canadian source. No one was immediately available for comment in the office of U.S. Trade Representative Robert Lighthizer, who led the negotiations for Washington.
Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, said it “is normal after an agreement-in-principle is concluded for all countries to work together to ensure the text is accurate”, As part of the USMCA, Canada agreed that the province of British Columbia would stop its practice of only allowing local wines to be stocked in supermarkets, The source said the United States was shirt studs vs cufflinks trying to broaden that clause to cover wine sales in the provinces of Ontario and Quebec, The two sides are also at odds over elements of Ottawa’s promise to offer more access to U.S, dairy producers..
The source said it was not abnormal that nations would seek to “push a little bit further in terms of the text” at this stage of a trade negotiation. The USMCA must be ratified by all three nations before it comes into force. U.S. President Donald Trump had threatened to walk away from NAFTA unless major changes were made. Another area of contention are the tariffs on Canadian steel and aluminum that Trump imposed in June. Freeland told reporters at a steel plant in Hamilton, Ontario on Thursday that she would be meeting Lighthizer in the next few weeks to discuss the matter. She reiterated that Ottawa does not think the tariffs and the USMCA are connected.
NEW YORK (Reuters) - World equity markets declined on Thursday, snapping a seven-session winning streak, with U.S, stocks on the defensive and the dollar strengthening after the Federal Reserve kept interest rates unchanged, The U.S, central bank shirt studs vs cufflinks held rates steady and said ongoing strong job gains and household spending had kept the economy on track, Its statement showed little change in the Fed’s outlook for the economy since the Fed’s previous meeting in September aside from noting that “business investment had moderated from its rapid pace earlier in the year.”..
U.S. shares extended losses after the Fed statement, on the heels of Wednesday’s post-election rally of more than 2 percent. Those gains came as investors celebrated political gridlock in the United States as Democrats took control of the House of Representatives after the midterm congressional vote, while Republicans maintained control of the Senate. A spate of weak earnings also gave investors reason for pause, with Qualcomm (QCOM.O) one of the biggest drags on the benchmark S&P 500 index, down 8.2 percent as the loss of chip sales to Apple (AAPL.O) caused the company to cut its fourth-quarter outlook.
“There are those people who are unsatisfied by this statement because they were looking for a more dovish tone after last month’s market volatility,” said Gene Tannuzzo, deputy global head of fixed income at Columbia Threadneedle In Minneapolis, “That’s why we shirt studs vs cufflinks see short-term yields ticked up and stocks down here, They are still on track.”, The Dow Jones Industrial Average .DJI rose 11.12 points, or 0.04 percent, to 26,191.42, the S&P 500 .SPX lost 7.05 points, or 0.25 percent, to 2,806.84 and the Nasdaq Composite .IXIC dropped 39.87 points, or 0.53 percent, to 7,530.89..