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More upbeat equity markets also offered support. “When stock markets are strong oil usually follows suit,” PVM Oil Associates strategist Tamas Varga said. Shares have risen on expectations that trade talks this week between the United States and China will ease the trade war. Disruptions to trade undermine prospects for economic growth and oil demand. [MKTS/GLOB]. Goldman Sachs said in a note it had downgraded its average Brent crude oil forecast for 2019 to $62.50 a barrel from $70 due to “the strongest macro headwinds since 2015.” nordstrom cufflinks.
TORONTO (Reuters) – The head of Canada’s auto union said on Monday he was set to meet with General Motors Co (GM.N) executives in Detroit on Tuesday to discuss the automaker’s Oshawa, Ontario, assembly plant, scheduled to shut down in December 2019. Unifor, the union that represents workers at the plant, has vowed to block its closure. “I have no idea if it’s going to be positive or negative,” Jerry Dias, national president, said in an interview. “I’m optimistic it will be positive, but I’m not even going to try to guess what they’re going to tell us tomorrow.” nordstrom cufflinks.
After meeting with GM executives in Detroit on Dec. 20, Dias told reporters the automaker would respond to the union’s proposals by Monday. Dias said he did not think Chief Executive Mary Barra would be at the Tuesday meeting. He said one option would be to extend operations for nine months, when regular contract talks are scheduled to begin: “That gives us all time to figure out a long-term solution,” he said. The Oshawa shutdown is part of a broad restructuring announced in November. GM also plans to close four U.S. plants, eliminating a total of about 15,000 jobs in North America nordstrom cufflinks.
PARIS (Reuters) – Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus (AIR.PA) and Boeing (BA.N) raced to end a relatively quiet year with fresh orders. The deals for over 200 jets are expected to show up in end-year tallies from U.S. group Boeing and European rival Airbus this week, providing clues on how far trade tensions and economic uncertainty are dampening an already slowing aircraft market nordstrom cufflinks. China’s ICBC Financial Leasing has firmed up an order for 80 Airbus A320-family jets worth $8.8 billion at list prices, industry sources said on Monday. It was not immediately clear whether ICBC would be publicly identified..
Airbus declined to comment on the deal, which sources had previously linked to a then-tentative order for 80 jets unveiled at last year’s Farnborough Airshow, with the Chinese buyer’s name kept under wraps amid rising trade tensions. ICBC was not immediately available for comment nordstrom cufflinks. The move is part of a buying spree from Asian lessors in the final hours of 2018 as Japanese-owned SMBC Aviation agreed to buy some 65 Airbus jets, the sources said. That comes on top of a 100-jet Airbus order from HNA-owned Avolon…