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The refining industry has seized on this. “We are going to sue, and other organizations are going to sue, and I think the case is pretty black-and-white that it’s against the law,” Chet Thompson, head of American Fuel and Petrochemical Manufacturers, said. Despite these headwinds, Trump hyped his plan at a rally on Tuesday in Council Bluffs, Iowa, part of a congressional district where incumbent Republican U.S. Representative David Young faces a tough race. “I believe the administration understands how important of an issue this is to many farmers across the country,” said Andrew Walmsley, a director at the American Farm Bureau, an interest group. “If the Congress can’t do it, perhaps EPA should try - that’s the mindset.”.
LONDON (Reuters) - Royal Bank of Scotland (RBS.L) paid its first dividend since a 2008 British government bailout on Friday, rewarding around 190,000 shareholders with a 2 pence per share payout, RBS has spent a decade trying to return to its roots as a prudent lender following its near-collapse during the financial crisis, enduring hefty restructuring costs and years of losses, Ross McEwan, its chief executive, said the dividend was a small return for many years of patience from its shareholders, which still hermes cufflinks include the British government after it bailed the bank out with 45.5 billion pounds ($60.10 billion) at the peak of the crisis..
“This is another important milestone in our turnaround, almost ten years to the day that RBS was rescued by the British taxpayer,” McEwan said in a statement. UK Government Investments, which manages Britain’s remaining 62 percent stake, will receive around 150 million pounds from the payout, first announced at the bank’s half-year results. A spokesman for Britain’s Treasury said it welcomed the payment, which it said demonstrated the progress RBS has made in resolving its major legacy issues.
“All money recovered from our shareholding in RBS will be used to pay down the hermes cufflinks national debt,” he said in a statement, While the payment is a welcome boost to Britain’s coffers, the government is set to make a loss overall on its investment, It resumed sales of its shares earlier this year, after RBS agreed to pay $4.9 billion to settle an investigation by U.S, authorities into its sale of toxic mortgage-backed securities in the run up to the crisis, Re-privatization is now the last remaining strand of RBS’s return to normality, and is likely to take a number of years..
(Reuters) - British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a planned $1 billion investment in the group’s space ventures, in light of the disappearance of Saudi journalist Jamal Khashoggi. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi government,” Branson said in a statement.
Branson also said he would suspend his directorship in two Saudi tourism projects around the Red Sea, citing Khashoggi’s disappearance, Saudi Arabia’s Public Investment Fund did not immediately respond to a request for comment, Pressure has mounted on Saudi Arabia hermes cufflinks since Oct, 2 when Khashoggi, a prominent critic of Saudi policies and a Washington Post journalist, went missing, He was last seen entering the Saudi consulate in Istanbul on Oct, 2, Last year, Saudi Arabia’s Public Investment Fund said it planned to invest about $1 billion in Branson’s space company, Virgin Galactic, The Spaceship Company and Virgin Orbit..
NUSA DUA, Indonesia (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday that he told China’s central bank chief that currency issues need to be part of any further U.S.-China trade talks and expressed his concerns about the yuan’s recent weakness. Mnuchin also told Reuters in an interview that China needs to identify concrete “action items” to rebalance the two countries’ trade relationship before talks to resolve their disputes can resume. The U.S. Treasury chief and People’s Bank of China Governor Yi Gang extensively discussed currency issues on the sidelines of the International Monetary Fund and World Bank annual meetings on the Indonesian resort island of Bali.
“I expressed my concern about the weakness in the (yuan) currency and that as part of any trade discussions, currency has to be part of the discussion,” Mnuchin said of the meeting, The two senior officials talked about market fundamentals that have driven the yuan down against the dollar, Mnuchin said, adding: “I think we had a productive explanation from hermes cufflinks his standpoint on those issues.”, Yi told an investment audience on Thursday that China’s monetary policy was on an opposite cycle to that of the Federal Reserve, which has been raising rates amid a strong economy, people who attended the closed-door session said..