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To date, 21 deaths have been reported in Honda Motor Co (7267.T) vehicles and two in Ford vehicles. Both automakers have urged some drivers of older vehicles not to drive them until the inflators are replaced. The defect led Takata to file for bankruptcy protection in June 2017. In April, auto components maker Key Safety Systems completed a $1.6 billion deal to acquire Takata. The merged company, known as Joyson Safety Systems, is a subsidiary of Ningbo Joyson Electronic Corp (600699.SS). Automakers in the United States repaired more than 7.2 million defective Takata air bag inflators in 2018 as companies ramped up efforts to track down parts in need of replacement, according to a report released last month.
NEW YORK (Reuters) - Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided engraved cufflinks for groomsmen support, U.S, West Texas Intermediate (WTI) crude CLc1 futures rose $2.38 to $52.16 a barrel, a 4.8 percent gain, by 1:15 p.m, EST (1815 GMT), the first time this year that WTI has topped $50, Brent crude LCOc1 futures gained $2.48, or 4.2 percent, to $61.20 a barrel, West Texas Intermediate (WTI) crude CLc1 futures for February delivery rose $2.38 to $52.16 a barrel, a 4.8 percent gain..
The day’s sharp gains extended a rally that has pushed prices up more than 13 percent in 2019. “After a dreadful December for risk markets, crude oil continues to catch a positive vibe,” said Stephen Innes at futures brokerage Oanda in Singapore, noting that investors were growing less fearful that U.S.-China trade tensions would slow global economic growth and dampen demand for crude. The trade talks in Beijing were carried over into an unscheduled third day, amid signs of progress on issues including Chinese purchases of U.S. farm and energy commodities.
State newspaper China Daily said Beijing was keen to end the trade dispute, but that any agreement must involve compromise, Oil prices also have received support from supply cuts by the Organization of the Petroleum Exporting Countries and allies including Russia, The OPEC-led cuts, which officially began in January, are aimed at reining in an emerging glut as U.S, crude output C-OUT-T-EIA has surged to a record 11.7 million bpd, Saudi Arabia’s energy minister said he was confident that action to rein in output would bring the oil market into balance, Khalid al-Falih also said he would not rule out calling for engraved cufflinks for groomsmen further action..
Data from the U.S. Energy Information Administration (EIA) showed domestic crude stockpiles fell less than expected last week. Gasoline and distillate inventories rose more than anticipated. Crude inventories USOILC=ECI fell by 1.7 million barrels, smaller than the 2.8 million-barrel draw analysts had expected. Gasoline inventories USOILG=ECI rose by 8.1 million barrels, far exceeding analysts’ expectations in a Reuters poll for a 3.4 million-barrel gain. Distillate stockpiles USOILD=ECI rose by 10.6 million barrels, more than five times the expected 1.9 million-barrel increase, the EIA data showed.
WASHINGTON (Reuters) - China has pledged to purchase “a substantial amount” of agricultural, energy and manufactured goods and engraved cufflinks for groomsmen services from the United States, the U.S, Trade Representative’s office said on Wednesday after U.S.-China trade talks wrapped up in Beijing, In a statement that gave few details on the specific outcomes of the latest talks, USTR said the two sides discussed “ways to achieve fairness, reciprocity and balance in trade relations between our two countries.”..
U.S. and Chinese officials also discussed issues related to intellectual property protections and the need for any agreement that resolves the trade dispute between the world’s two largest economies “to provide for complete implementation subject to ongoing verification and effective enforcement,” USTR said. The meetings this week were the first face-to-face talks since U.S. President Donald Trump and Chinese President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global financial markets.
TORONTO (Reuters) - Workers at General Motors Co assembly plant in Oshawa, Ontario staged a sit-down protest that interrupted production for about two hours on Wednesday morning, a union spokeswoman said, following a similar protest late on Tuesday, The action came after Unifor, the union representing the autoworkers, failed to win GM’s support for its proposals to save the plant, Unifor, which has vowed to block GM’s plan to close Oshawa by the end of 2019, met engraved cufflinks for groomsmen with GM officials in Detroit on Tuesday..