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“We met four Chinese groups in just a week. They held more than 20 meetings,” one of the sources said, adding that the meetings had been arranged by top U.S. investment banks. “They are looking into nearly everything.”. Alibaba declined to comment on future investment plans. China Life Insurance did not respond to a request for comment while China Merchants could not immediately be reached for comment. Chinese firms have shown interest in Turkey’s infrastructure, mining, energy, retail and insurance industries, three of the sources said.
The heightened Chinese interest comes as the are cufflinks in style 2017 world’s second-largest economy braces for an escalating trade war with the United States, LIRA SELL-OFF, Turkey’s lira has fallen some 40 percent so far this year, hit by concerns about President Tayyip Erdogan’s control over monetary policy and a diplomatic rift with the United States, The sell-off has deepened concerns about the outlook for the Turkish economy while depressing local asset prices, Turkish energy firms have been particularly hit hard, given that much of their debt and their import costs are denominated in foreign currency, while their revenues are in lira..
“Various China-based energy companies are interested in energy production plants that are having trouble servicing their financial debt,” one of the sources said. Despite the crisis, Turkey retains enviable demographics, making it particularly attractive for consumer-focused industries over the long term. It is home to some 80 million people and with one of the youngest populations in Europe. Chinese companies first showed interest in Turkey as part of China’s Belt and Road Initiative - a vehicle for Beijing to take a greater role on the international stage by funding and building global transport and trade links in more than 60 countries.
DETROIT (Reuters) - U.S, are cufflinks in style 2017 auto sales in September likely fell 6 percent from the same month last year as dealerships felt the mixed impact of hurricanes both this year and in 2017, industry consultants J.D, Power and LMC Automotive said on Thursday, September U.S, new vehicle sales will likely be about 1.43 million units, down from 1.52 million units a year earlier, the consultancies said, The forecast was based on the first 18 selling days of September, Automakers, including Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N), will release September U.S, sales results on Oct, 2..
General Motors Co (GM.N) will report quarterly sales the same day. The No. 1 U.S. automaker decided earlier this year to stop reporting monthly U.S. sales, saying a 30-day snapshot does not accurately reflect market conditions. According to the consultancies, sales in North Carolina and South Carolina were down 12 percent in September due to Hurricane Florence, while sales were up 19 percent in areas affected by Hurricane Irma in September 2017. Sales in September 2017 were also boosted by major replacement demand for water-damaged vehicles following Hurricane Harvey, which flooded parts of southeastern Texas in August 2017.
The seasonally adjusted annualized rate of sales for September will be 17.4 million units, down nearly 4 percent from 18.1 million units in September 2017 - the highest sales pace since 2005 - the consultancies said, U.S, new vehicle sales fell 2 percent in 2017 to around 17.2 million units after hitting a record high in 2016, Sales had originally been expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones, But with a strong U.S, economy and low unemployment, sales are cufflinks in style 2017 thus far have outperformed expectations..
LMC said it now expects full-year 2018 U.S. new vehicle sales to come in at around 17.2 million units, or virtually flat versus last year, after originally forecasting a full-year decline. “Trade and rising interest rate risk remain real factors in the background,” LMC president for the Americas and global vehicle forecasts Jeff Schuster said in a statement. Cox Automotive, owner of the Autotrader online automobile market and Kelley Blue Book car valuation service, said this week it expects sales to fall 7.2 percent in September to 1.41 million units.
RIYADH (Reuters) - Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more important in the long run than high-profile privatizations, Crown Prince Mohammed bin Salman’s Vision 2030 push to diversify the economy away from oil has grabbed attention for its big-ticket initiatives, such as a $500 billion business zone and a plan, now shelved, to sell part of the state oil firm, The legal reforms have attracted less media coverage because are cufflinks in style 2017 they are highly technical, but they are extensive, ranging from new laws to the creation of courts and training of judges, and they have accelerated over the past couple of years..