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(Reuters) - Volkswagen AG (VOWG_p.DE) will end almost of all its operations in Iran, Bloomberg reported on Wednesday, citing a U.S. official who led the discussions with the carmaker. The Trump administration persuaded Volkswagen to comply with U.S. sanctions on Iran, Bloomberg said. The White House and Volkswagen were not immediately available for comment on the report. In May, U.S. President Donald Trump pulled out of a 2015 pact between Iran and major world powers under which sanctions were lifted in return for Tehran accepting curbs on its nuclear program.
WASHINGTON (Reuters) - U.S, President Donald Trump intends to nominate former Federal Reserve economist Nellie Liang to the U.S, central bank’s board of governors, the White House said on Wednesday, Earlier, two White House officials speaking on condition of anonymity told Reuters that Liang cufflinks and tie set has a strong background on financial and monetary stability, including crisis response, and is considered a good fit for the Fed board, Liang established the Fed’s Division of Financial Stability in 2010, She joined the Brookings Institution in 2017..
In an Aug. 20 interview with Reuters, Trump said he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said it should do more to help him to boost the economy. Liang is a senior fellow in economic studies at the Brookings Institution and a visiting scholar at the International Monetary Fund’s monetary and capital markets department. Liang spent the bulk of her career as an economist at the Fed, and was tapped in the wake of the 2007 to 2009 recession to build out its fledgling office of financial stability.
Issues around financial stability have figured increasingly in the Fed’s policy debates, as policymakers created new oversight strategies like the stress testing of banks and deliberated over whether financial market risks should influence the path of interest rates, In a paper presented at Brookings last week Liang argued that officials should get in front of potential problems early and forcefully, a perspective she would carry cufflinks and tie set to the board as the Fed considers how to prepare for any future downturn..
WASHINGTON/OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. Ottawa is pushing back against increasing pressure by the administration of U.S. President Donald Trump and its allies to make the concessions they say are needed for the trilateral North American Free Trade Agreement. “We’re interested in what could be a good deal for Canada but we’re going to need to see a certain amount of movement in order to get there and that’s certainly what we’re hoping for,” Trudeau told reporters in Ottawa.
Canadian Foreign Minister Chrystia Freeland met U.S, Trade Representative Robert Lighthizer for their fourth set of talks in four weeks in Washington with the two sides still disagreeing on major issues, Freeland, leaving their afternoon meeting, told reporters the talks had been constructive and said she would meet Lighthizer again on Thursday, “We are a country that is good at finding compromises and that’s a talent our negotiators certainly demonstrate, At the same cufflinks and tie set time, our core objective ., is to defend the national interest,” she said earlier on Wednesday..
Trump has already wrapped up a side deal with Mexico and is threatening to exclude Canada if necessary. Canadian officials say they do not believe the U.S. Congress would agree to turn NAFTA into a bilateral treaty. An influential Canadian private sector union leader, in Washington for consultations with Freeland’s team, on Wednesday played down the chances of an imminent agreement. “Do I believe there will be a deal this week? I don’t think so,” Unifor boss Jerry Dias told reporters, saying the United States would need to move on some major files.
Trump and Trudeau spoke by telephone late on Tuesday and discussed NAFTA, the Canadian prime minister’s office said in a brief statement, The Republican chairman of the U.S, House of Representatives Ways and Means Committee, Kevin Brady, told CNBC on Wednesday that “Canada needs to really step up here this week” to meet cufflinks and tie set the Oct, 1 deadline set by Washington, But U.S, Chamber of Commerce President Thomas Donohue said it would be extremely complicated, if not impossible, for the administration to pull off a Mexico-only agreement..