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Earlier in the day, some investors took heart from Beijing’s confirmation that Chinese Vice Premier Liu He will head to the United States on Jan. 30 for more negotiations with Washington. Recent talks to resolve a protracted trade battle between the U.S. and China brought little progress. Adding to concerns was legislation introduced by U.S. lawmakers on Wednesday that would ban the sale of U.S. chips or other components to Huawei HWT.UL or other Chinese telecommunications equipment makers that violate U.S. sanctions or export control laws.
The British pound rose to a two-month high against the euro EURGBP= and GBP= firmed toward a two-month high against the dollar, It was trading up 0.77 percent at $1.298, its highest since Nov, 15, Prime Minister Theresa May has been meeting lawmakers from all parties in an attempt to find a way out of an impasse letter p cufflinks over how Britain should leave the EU, after May’s own plan was rejected by parliament on Tuesday, While she has repeatedly rejected the idea of a second referendum, a vocal campaign in favor of holding a new vote has the support of some lawmakers..
U.S. Treasury yields rose with the benchmark 10-year yield reaching near three-week highs as better-than-expected economic data and hopes for progress in U.S.-China trade talks diminished safe-haven demand for government debt. Benchmark 10-year notes US10YT=RR last fell 6/32 in price to yield 2.7486 percent, compared with 2.729 percent late on Wednesday. Oil prices steadied, boosted by a rebound in U.S. equities and news that OPEC sharply curtailed production in December, after earlier losses on fears about surging U.S. crude output and weakening global demand.
BUDAPEST (Reuters) - Workers at German carmaker Audi’s (NSUG.DE) plant in the Hungarian city of Gyor were to go on a two-hour warning strike on Friday as they letter p cufflinks try to force the company to narrow the wage gap between their salaries and those of Western and regional peers, Audi, a unit of Volkswagen (VOWG_p.DE) group, has invested billions of euros in Hungary and operates one of its largest production facilities worldwide in the central European country, The Audi Hungaria Independent Union said it had rejected the most recent offer from the company, which was for a 10 percent wage increase now and another 10 percent in January 2020..
The union, which represents 7,300 members out of more than 12,000 at the Hungarian plant, wants an immediate 18 percent raise and said it felt a 40 percent wage hike would allow its workers a decent standard of life. They said the company’s Slovakian workers earn on average 28 percent more than Hungarians, Polish workers earn 39 percent more, and Belgian workers earn 3.6 times as much as they do. Audi said in a statement on Wednesday that current wages and the raise plan they offered were competitive and outstanding in Hungary.
(Reuters) - Slack Technologies Inc’s chief product officer, April Underwood, is leaving the messaging startup, at a time when the company is exploring a public listing later this year, Underwood is leaving to spend more time working at #Angels, an investing letter p cufflinks group she co-founded three months before joining Slack in 2015, according to her blog post medium.com/@aunder/new-year-new-old-hashtag-angels-a4f2b73f68e, She will be replaced by Google executive Tamar Yehoshua, Slack, which provides chat and direct messaging services for businesses, said on Thursday..
(Reuters) - Nissan Motor Co Ltd’s (7201.T) U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks. The company has about 6,500 direct employees and contract workers in Canton, Mississippi. The news comes as the Japanese automaker grapples with the arrest of former Chairman Carlos Ghosn in November. The lay-offs are unrelated to Ghosn’s ouster as chairman, spokesman Brian Brockman said.
The automaker said it was cutting production shifts of Nissan Vans to one from two, and Frontier and Titan pickup trucks to two shifts from three, Brockman said that while the affected direct Nissan employees on those shifts will be letter p cufflinks reassigned to other areas of the plant, some associates will remain unassigned, “Nissan is adjusting production capacity at its Canton manufacturing facility to match market demand and maintain healthy inventory levels,” the spokesman added, The Associated Press had reported the news earlier in the day..