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ORLANDO, Fla. (Reuters) - Gulfstream Aerospace expects growth in both sales opportunities and deliveries next year, as the U.S. business jet maker brings two new large-cabin corporate planes to market, company President Mark Burns said on Wednesday. Burns said in an interview that the entry into service of the company’s new G500 and G600 business jets will drive market growth for Gulfstream, a division of General Dynamics Corp. (GD.N). “I expect next year will be a growth year,” he said on the sidelines of the National Business Aviation Association annual corporate jet show in Orlando, Florida. “We’re bringing two new airplanes to market at a time when the market is improving.”.
After years of sluggish sales, potential buyers at the show are looking closely at new aircraft models with longer ranges and technology for smoother rides, while weighing the advantage of recent U.S, tax deductions, Hopes for new orders in the industry have also gucci cufflinks gold been underpinned by a dwindling supply of pre-owned aircraft, Burns said he is confident that Gulfstream will meet its existing 2018 plans to deliver between 115 to 125 planes this year, although he could not be more specific ahead of the company’s third-quarter earnings report next week..
WASHINGTON/LONDON (Reuters) - U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down “irresponsible” proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday. Christopher Giancarlo, chair of the U.S. Commodity Futures Trading Commission (CFTC), gave his strongest warning yet on possible retaliatory measures if EU regulators insist on close supervision of U.S.-based clearing houses under new rules.
“In my talks with European authorities, I have asked them to reconsider such an expansive approach,” Giancarlo told a derivatives industry event in Chicago in a rare direct gucci cufflinks gold attack on another regulator, The new rules, which the bloc aims to approve before Britain leaves the EU next March, would mean that “systemic” foreign clearing houses could only serve customers in the EU if European regulators can jointly supervise them, Giancarlo said the CFTC will not allow the firms it regulates to comply with conflicting and overly burdensome regulation from abroad..
“If a satisfactory resolution of this situation cannot be found, the CFTC will have no choice but to consider a range of readily available steps to protect U.S. markets and market participants,” Giancarlo said. The CFTC has “strong and blunt” tools it can deploy unilaterally as a last resort without new legislation, including the withdrawal of the exemptions that allow U.S. market participants to use trading platforms in the EU. The watchdog has privately warned European officials that the bloc would suffer far more than the United States in an all-out clearing war because U.S. firms are much larger liquidity providers to European exchanges than vice versa, a person familiar with the discussions said.
The gucci cufflinks gold CFTC has so far received no indication from Brussels that it is willing to budge on its clearing proposal, despite the CFTC in recent weeks publicly pledging to move to a “deference” model of regulators accepting each other’s rules to avoid duplication, this person added, Retaliatory action would be a last resort, this person said, The proposed EU rules were prompted by Britain’s decision to leave the bloc next March, targeting a core activity that helps make the City of London a top global financial center..
LCH, a unit of the London Stock Exchange (LSE.L), clears over 90 percent of euro-denominated interest rate swaps contracts used by companies to insure themselves against unexpected moves in borrowing costs. But U.S. clearing houses like CME and ICE clear transactions for EU customers as well. Giancarlo said this would mean on-going EU surveillance and on-site inspections, with the bloc “dictating” board composition and corporate governance. EU officials have said they want similar access to foreign clearing houses that the CFTC and the U.S. Federal Reserve have with LCH’s dollar-denominated swaps clearing in London.
WASHINGTON (Reuters) - The U.S, Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan, Under fast-track rules, the United States cannot start talks with the EU, Japan and the United Kingdom until 90 days after notifying Congress, “We will continue to expand U.S, trade and investment by negotiating trade agreements with Japan, the EU and the United Kingdom,” U.S, Trade Representative Robert Lighthizer said gucci cufflinks gold in a statement..