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MSCI’s broad emerging markets index .MSCIEF touched a near-16-month low before staging a recovery after the Wall Street Journal initially reported that the United States was proposing new trade talks with China, to rise 0.12 percent. The Chinese yuan traded offshore CNH= also gained against the dollar. U.S.-listed exchange-traded funds focused on China traded higher, pointing to a strong open for Asian markets on Thursday. Hard-hit emerging markets currencies .MIEM00000CUS were 0.43 percent stronger, helped by a weaker greenback. The U.S. dollar index .DXY fell 0.43 percent as hopes also grew of concessions by Canada that would resolve disputes over reworking the North American Free Trade Agreement.
Ahmed said another positive catalyst for markets could be signals from the U.S, Federal Reserve that it could slow the pace of interest men's sterling silver cufflinks rate rises, But given the torrent of strong U.S, data, that looks unlikely - data this week showed U.S, small business optimism at the highest level on record, “In 2015 when emerging markets got into a lot of trouble the Fed recognized the international spillover effect, This time that has not happened,” he added, Markets will also keep an eye on U.S, bonds, especially given the steady march higher in shorter-term Treasuries heavily influenced by expectations of Fed policy, The yield on the 2-year note US2YT=RR hit a decade peak of 2.7522 percent despite weaker-than expected producer price data..
(Reuters) - The executive producer of the CBS television program “60 Minutes,” Jeff Fager, is leaving CBS News, according to a company memo on Wednesday, amid reports of inappropriate behavior. The two-paragraph internal memo from CBS News president David Rhodes, which was seen by Reuters, said that Fager’s departure “is not directly related to the allegations surfaced in press reports, which continue to be investigated independently.”. CBS Corp (CBS.N) Chief Executive Officer Leslie Moonves resigned on Sunday amid a new wave of allegations against him of sexual assault and harassment uncovered in two New Yorker stories in the past two months.
In the New Yorker report, Fager is accused of inappropriate touching and of men's sterling silver cufflinks tolerating an abusive culture, CBS said on Monday that it would pay $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal, Rhodes said Fager violated company policy but did not specify the policy, In a statement to CBS News, Fager said his contract was terminated “for a harsh text I sent to a CBS employee.”..
WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 85 U.S. industry groups launched a coalition on Wednesday to take the fight public. The launch of Americans for Free Trade comes as Trump increasingly warms to using tariffs. He has imposed levies on billions of dollars worth of goods on trading partners, prompting retaliation against U.S. exports. “A lot of other interest groups thought they wouldn’t go this long or go this deep, but the layering effect (of tariffs) has finally gotten everyone to say: ‘Enough is enough,’” said Nicole Vasilaros, the top lobbyist for the National Marine Manufacturers Association, whose members are weighing layoffs after costs rose as much as 35 percent.
The campaign will be multi-facted and include television and digital ads in addition men's sterling silver cufflinks to encouraging voters to talk directly to their member of Congress about trade, an effort organizers hope will convince lawmakers to fight the tariffs, “There has been a lot of work that has been going on over the last eight months to try to persuade the president and the administration that tariffs are not going to work,” said Dean Garfield, chief executive of the Information Technology Industry Council, whose members include Microsoft Corp (MSFT.O) and Apple Inc (AAPL.O), “Our view is that it’s not too late.”..
On the campaign trail, Trump threatened tariffs and ending participation in the Trans Pacific Partnership, a large multinational trade pact, and has delivered on those promises. He has also ramped up attacks on China, threatening car import levies and pushing for a more pro-American North American Free Trade Agreement, even at the risk of killing the three-country pact. Trump has imposed 25 percent tariffs on $50 billion worth of Chinese goods, mostly industrial machinery and intermediate electronics parts such as semiconductors.
A pending list of $200 billion worth of goods and the threat of another $267 billion would basically cover every Chinese export to the United States, Beijing has men's sterling silver cufflinks threatened retaliation, which could include action against U.S, companies operating in China, The coalition is a joint effort with Farmers for Free Trade and will target Republican members of Congress in five states - Ohio, Pennsylvania, Illinois, Indiana and Tennessee, All are places where the tariffs could dramatically impact the local economies..