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BURNSVILLE, Minn. (Reuters) - President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. “We’re going to win either way. We either win by getting a deal or we win by not getting a deal,” Trump said during a visit to a business roundtable in Burnsville, Minnesota. The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.
(Reuters) - The Supreme Court of the Netherlands dismissed Ecuador’s attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a $9.5 billion judgment against Chevron Corp anywhere in the cufflinks engraved world, the U.S, oil major said on Tuesday, Chevron said the Dutch court’s decision upholds rulings of two Dutch lower courts which rejected Ecuador’s attempts to annul those awards, “The Dutch supreme court found that the challenged arbitral awards are consistent with public policy and justified to prevent irreversible harm to Chevron,” the company said..
Earlier this month, the Supreme Court of Canada had dismissed claims attempting to force Chevron’s Canadian unit to pay the $9.5 billion judgment handed down in Ecuador against the company over pollution in the Andean country. Residents of Ecuador’s Lago Agrio region have been trying to force Chevron to pay for water and soil contamination caused from 1964 to 1992 by Texaco, which Chevron acquired in 2001. The villagers obtained a judgment against Chevron in Ecuador in 2011. The latest decision adds to several court victories that Chevron has won against the plaintiffs and its legal team in this case.
SHANGHAI (Reuters) - Daimler’s China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world’s biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach, “The Maybach it is still going excellent, Demand is more than 600 a month,” Daimler’s China chief Hubertus Troska told reporters at the Shanghai Auto Show, Despite increasing cufflinks engraved the list price for the car, demand has risen from a sales rate of 500 a month, Troska said..
NEW YORK (Reuters) - Goldman Sachs Group Inc plans to lay off nearly 100 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Monday. The 98 employees are being let go for “economic” reasons and their final day will be between May 29 and Sept. 28, according to a Worker Adjustment and Retraining Notification that the bank filed with the New York State Department of Labor on Feb. 19. It was not immediately clear in what division of the bank the employees worked, but they have all been notified about the layoffs, according to a source familiar with the filing.
Goldman Sachs is known for an annual all-staff review in which the bank fires around 5 percent of employees for reasons like missing performance targets, The bank has said that this allows it to make new hires, The bank employs around 36,000 people worldwide, Goldman Sachs reported a 13 percent slump in first-quarter revenue earlier on Monday, Declines in trading, underwriting, investment management and investing and lending revenues cufflinks engraved all contributed to the bank missing analysts’ expectations..
(Reuters) - Harley-Davidson Inc’s unionized workers in Milwaukee and Tomahawk, Wisconsin, on Monday ratified a new five-year labor agreement for a 14 percent wage increase over the life of the contract. The agreements in place at all of its Wisconsin operations also include a signing bonus, two separate variable incentive plans, pension enhancements for current employees and a retirement incentive. These agreements, ratified by the United Steelworkers (USW) and the International Association of Machinists and Aerospace Workers’ Lodge, cover more than 1,000 employees in the Milwaukee-area and Tomahawk.
TOKYO (Reuters) - Shares in Japan’s big telcos jumped on Tuesday after market leader NTT Docomo announced cufflinks engraved smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war, NTT Docomo shares were up 3.5 percent in early Tokyo trading, with KDDI Corp up 5.6 percent and SoftBank Corp up 2.7 percent, Japan’s big three telcos are under government pressure to reduce carrier fees to help stimulate consumer spending in other parts of the economy, The market entry of Rakuten in October is also likely to increase price pressure..