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“No good can come of this. If there is a deal, if and when there is a deal, it will be on President Donald J. Trump’s terms, not Wall Street terms,” he added. Trump is expected to meet with Chinese President Xi Jinping in Buenos Aires, Argentina, at the end of November on the sidelines of a G20 leaders summit to discuss a possible way out of their deepening trade war. In recent days, Trump has said he believed that he and Xi can reach a deal. China’s top diplomat Yang Jiechi on Friday said the U.S.-China trade talks can be resolved through talks and that any ongoing conflict would hurt both countries.
As the U.S.-China dispute escalated, executives such as Blackstone Group (BX.N) Chief Executive Stephen Schwarzman and Henry Paulson, the former U.S, Treasury Secretary and Goldman Sachs (GS.N) chairman, have met with officials on both unique mens cufflinks sides to press for a resolution, Paulson, in remarks in Singapore on Wednesday, warned of a new “economic Iron Curtain” being erected between the United States and China that will undo the benefits of globalization, “Unless these broader and deeper issues are addressed, we are in for a long winter in U.S.-China relations,” Paulson told an economic forum..
Navarro said he believed such efforts by Wall Street were not needed by Trump and were counterproductive. “I would again say, ‘Wall Street, get out of those negotiations,” Navarro said. “Bring your Goldman Sachs money to Dayton, Ohio and invest in America. The president of the United States does not need shuttle diplomacy,” Navarro said. Asked if he thought the Trump-Xi meeting would lead to a deal or the start of broader talks, Navarro said such negotiations were “not my lane,” and would be led by U.S. Trade Representative Robert Lighthizer.
But Navarro expressed skepticism whether a deal with China was even possible, adding that in the past, Beijing has never acknowledged U.S, concerns about lack of market access, intellectual property theft and forced technology transfers and unfair state subsidies, “The game that China has played — and they played people in the Bush administration like unique mens cufflinks a violin — is to do the tap dance of economic dialogue,” Navarro said, “That’s all they want to do, They want to get us to the bargaining table, sound reasonable and talk their way while they keep having their way with us.”..
(Reuters) - Microsoft Corp (MSFT.O) said in a filing late Thursday it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub. Microsoft acquired the company, which developers use to keep track of software code changes as they write applications, in June, in a $7.5 billion deal that was described at the time as an all-stock transaction. But in Nov. 8 filing, Microsoft said the $7.5 billion figure was “inclusive of cash payments of $1.3 billion in respect of vested GitHub equity awards and an indemnity escrow” and that the deal closed on Oct. 25.
Microsoft did not immediately respond to a request for comment, Software developers use GitHub to host and share code as they write it, often using it to distribute open source software, The GitHub deal was part of Microsoft’s broader embrace of open source software and its efforts to court software developers who in recent years have gravitated toward rivals like Alphabet Inc’s (GOOGL.O) Google and Amazon.com Inc (AMZN.O), Last year, the software giant shut down CodePlex, its own rival for GitHub, unique mens cufflinks saying the latter was the dominant location for open source sharing and that most such projects had already migrated there..
(Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. As 2018 inches toward close, many investors, such as those sitting on 16-percent losses on emerging market stocks, will be looking forward to turning the page on the year. Ditto for those who bought Italian bonds and found themselves 12 percent in the red. Buyers of U.S. equities, on the other hand, with 6 percent-plus returns, will have something to be grateful for at Thanksgiving.
As for 2019, where exactly should the canny fund manager go? Some clarity may emerge in coming days as investors start to detail investment bets for the year ahead, including at Reuters’ annual asset allocation summit which runs all week in London, New York unique mens cufflinks and Singapore, More than 30 hedge fund managers, stock and bond investors, short sellers and macroeconomists managing tens of trillions of dollars will lay out their vision for 2019, We hasten to add that the events of 2018 wrong-footed some summit attendees from last year, not least on emerging markets and Italy, Others correctly called a Turkish crisis and stuck to holding U.S, tech, despite pricey valuations..