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Wednesday’s hearing before the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights could give insight into the executive branch’s stance, McMonigle said. One of the witnesses will be Makan Delrahim, assistant attorney general for the Justice Department’s Antitrust Division, who has written in support of such legislation. A version of NOPEC passed both houses of Congress in 2007 but was shelved after President George W. Bush said he would veto the legislation. Chances of passage this year are slim, as the U.S. House of Representatives is scheduled to be in session only 16 days the rest of this year, leaving little time for anything but must-do legislation like keeping the government funded.
Saudi Arabia, the world’s top oil exporter, is worried that NOPEC could turn into another Justice Against Sponsors of Terrorism Act (JASTA) law, which allows victims of the Sept, 11 attacks in the United States to sue Riyadh, the sources said, The JASTA law is seen as key to why state-run Saudi Aramco was hesitant in publicly listing its shares on U.S, markets in an IPO that has since been shelved, With close to $1 trillion in investments in the United States, Riyadh has a lot to lose if NOPEC becomes law, Saudi Energy Minister Khalid al-Falih raised concerns cufflinks set of 6 about it with U.S, officials, including U.S, Energy Secretary Rick Perry, during private meetings in recent months, two sources told Reuters on condition of anonymity..
PARIS (Reuters) - If Britain’s departure from the European Union disrupts trade to the extent PSA Group (PEUP.PA) has to make cars separately for the two markets, there would “necessarily be an impact” on its UK production, the automaker’s European boss said on Tuesday. “We’ve been doing all we can to develop our UK business, restore Vauxhall and Opel profitability, reinvesting in Luton and improving our sites’ competitiveness in order to help them face up to an uncertain future,” Maxime Picat told Reuters at the Paris auto show.
“But there are limits, Those limits are customs barriers, and the loss of freedom of movement, for people and goods, If we get to that point, we will be obliged to take measures, “If we suddenly have to start manufacturing for the UK in the UK, and for Europe in Europe, there will necessarily be an impact on UK production,” Picat said in an interview, “We’re cufflinks set of 6 not going to be dogmatic about it, and there’s no question of punishing the UK, We’d take a look at our two factories, the state of our business, and look for a solution, But I don’t know where that will lead us in terms of the sustainability of our sites.”..
SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) is set to post a hefty jump in third-quarter profit to record levels after its chip unit put in a sterling performance on demand from data centers and improved production yields. The July-September quarter is, however, expected to mark a peak in earnings as a two-year super cycle of tight supply and soaring demand comes to an end, with prices of some types of chips already sliding sharply. The world’s top memory chipmaker, due to report preliminary results on Oct. 5, is forecast to book an 18 percent surge in operating profit to 17.2 trillion won ($15.5 billion), a Refinitiv poll of 15 analysts showed. Revenue is seen climbing 3.7 percent.
That handily beats operating profit growth of 6 percent in the previous quarter when its Galaxy S9 device missed sales targets and competition from cheaper Chinese-made phones ate into margins for its mobile business, The big boon for Samsung has been a spike in prices for cufflinks set of 6 DRAM chips, which help devices perform multiple tasks at once and are its main memory product, DRAMeXchange estimates the average price of server DRAM rose 14 percent in the third quarter from a year earlier, as companies build data centers for cloud computing..
But prices for NAND chips, used for longer-term data storage, more than halved in the same period as supply swamped demand. Those drops are expected to accelerate, while most analysts also predict DRAM prices will begin to decline. “Starting in the fourth quarter, I expect DRAM prices to fall by around 10 percent. That will hurt Samsung’s operating margin,” said Eo Kyu-jin, an analyst at eBest Investment & Securities. While Samsung is forecast to still book decent operating profit growth of 12 percent in the fourth quarter, analysts predict minimal profit growth in the first half of 2019 followed by profit declines, albeit small ones, in the second half, Refinitiv data showed.
(For a graphic on 'Samsung Electronics operating profit growth to slow' click tmsnrt.rs/2P3hudj), Even so, Samsung is expected to weather drops in DRAM chip prices better cufflinks set of 6 than rivals due to gains in production technology that allow it make smaller and faster chips per silicon wafer, “Even though the average selling price will decline next year, Samsung’s memory chip business will still have solid profits due to cost-saving measures,” said Avril Wu, senior research director at DRAMeXchange..