Political uncertainty in markets outside the United States has long unnerved risk - averse investors, and we believe such fears are now excessive in today's environment.
Political uncertainty in markets outside the United States has long unnerved risk - averse investors, and we believe such fears are now excessive in today's environment.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft
market and expanding conflicts or
political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic
uncertainty or otherwise; 8) the effect of economic conditions
in the industries and
markets in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
With economic and
political uncertainties kicking off the New Year, many are asking what the outlook is for venture capital
in 2017 and how the IPO
market will evolve this year.
Many great companies sat out the IPO
market last year for a myriad of reasons, including the abundance of private capital, funds flow out of conventional funds ($ 224 billion
in outflows, to be exact), and more «blackout» windows than normal — post-Brexit and post-Trump
in particular — where companies were afraid of
political uncertainty.
European
markets dropped to two week lows on Thursday as mounting
political uncertainty in the U.S. hits risk sentiment.
Passed amidst bitter partisan division and an ambivalent public... the right depends on private actors, private health insurance companies, and willing states to administer and participate
in a newly transparent, competitive, and streamlined private health insurance
market, while these same actors hesitate to invest
in the infrastructure of this
market due to
uncertainty from legal and
political challenges to the ACA.
Such risks,
uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and
markets in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial
market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end
market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit
market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including
market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general
market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the
market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition
in key
markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result
in increased inventory and reduced orders as we experience wide fluctuations
in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result
in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations
in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and
political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs
in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those
in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting
in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting
in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing
uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed
in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
With
political uncertainty on the rise
in D.C., will
market volatility spike?
Current
political and financial
uncertainty surrounding the European Union may increase
market volatility and the economic risk of investing
in companies
in Europe.
Political and economic
uncertainty is being reflected
in currency and financial
markets.
European elections have been making headlines
in 2017 — and amidst this backdrop of
political uncertainty, investors may be concerned about the potential
market impacts.
Yet we believe these
market moves mostly reflect a temporary flight to safety
in the face of
political uncertainties — rather than a breaking down of the underlying reflationary dynamic.
The breakdown
in 2015 - 16 between
market - implied GDP for the big four and our GPS can be tied to
political risks: Spain's two elections within six months, the
uncertainties stirred by Brexit and Italy's banking and
political woes returning to the spotlight.
These risks are usually more pronounced
in emerging
markets, which may be subject to greater social, economic, regulatory, and
political uncertainties.
«Self - Fulfilling Prophecy»
In its Quarterly Outlook this week, the famously pro-Bitcoin institution said a mixture of global
political uncertainty, tightening of credit access and commodities volatility could all see new money pouring into crypto
markets.
«
Political uncertainty in Russia has seen a definite fall
in the number of Russians looking to buy
in Italy, especially at the upper end of the
market ($ 5million - plus) most notably around parts of Sardinia and coastal Tuscany, but there has been an increase
in Russian interest at lower price points especially
in Liguria.
In 2017, the U.S. stock and bond
markets experienced low volatility, despite
political uncertainties and various geopolitical events.
Possible reasons for stock
market pullbacks include rising interest rates, elevated
political uncertainty, a shift
in sentiment or unexpected changes
in fiscal, monetary or trade policies.
With U.S.
markets rallying and considerable
political uncertainty across Europe, the only thought many U.S. investors may have regarding Europe is whether the strong dollar means a summer vacation there should be
in the works.
Still reeling from two successive hikes to stamp duty
in recent years which particularly hit the higher value prime central London (PCL) property
market, appetite to transact has also been buffeted by Brexit - inspired
political uncertainty, domestic economic jitters and a surplus of luxury new build developments gearing up to enter the
market.
By contrast,
in South Korea — Australia's second biggest Asian
market — exports and industrial production have been disrupted by labour unrest, and corporate bankruptcies and
political uncertainty have affected business confidence.
«We think that as soon as the noise and
political uncertainty that had dominated the region
in 2012 finally subsides this year, investor confidence
in equity capital
markets is bound to gain momentum,» he says.
Asian stock
markets were mixed Monday amid
uncertainty about the outcome of a central bank meeting
in Japan and nervousness over whether U.S.
political leaders will be able to reach a deal on the government's debt limit.
He currently is staying out of the stock
market because he believes that there is too much
uncertainty, especially
in the
political arena.
U.S. - listed ETFs continued to rake
in money
in the latest week, even as
political uncertainty in Washington fueled the largest stock
market decline of the year on Wednesday.
Among the important factors that could cause Rio Tinto's actual results, performance or achievements to differ materially from those
in the forward - looking statements include, among others, levels of actual production during any period, levels of demand and
market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on
market prices and operating costs, operational problems,
political uncertainty and economic conditions
in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes
in taxation or regulation and such other risk factors identified
in Rio Tinto's most recent Annual Report on Form 20 - F filed with the United States Securities and Exchange Commission (the «SEC») or Form 6 - Ks furnished to the SEC.
Countries with steady
political structures are stable; the UK, with this
uncertainty hanging over it, falls into another category, one
markets tend to be averse to and one
in which separatists can thrive.
The election of Donald Trump
in the US, Britain's vote to leave the European Union and the rise of right - wing nationalist parties across Europe signal a sharp shift away from the
political and economic liberalism that have underpinned Western policy for decades, sowing widespread
uncertainty and threatening to slow the integration of global
markets with new curbs on the free movement of both people and products.
Yet we believe these
market moves mostly reflect a temporary flight to safety
in the face of
political uncertainties — rather than a breaking down of the underlying reflationary dynamic.
These risks include currency fluctuations;
political uncertainty; different accounting and financial standards; different regulatory environments; and different
market and economic factors
in various non-U.S. countries.
Whether or not actual results and developments will conform to ProShare Advisors LLC's expectations and predictions, however, is subject to a number of risks and
uncertainties, including general economic,
market and business conditions, changes
in laws or regulations or other actions made by governmental authorities or regulatory bodies, and other world economic and
political developments.
Municipal bonds can be significantly affected by
political or economic changes as well as
uncertainties in the municipal
market related to taxation, legislative changes or the rights of municipal security holders, including
in connection with an issuer insolvency.
Current
political and financial
uncertainty surrounding the European Union may increase
market volatility and the economic risk of investing
in companies
in Europe.
There were no direct catalysts, but some
market analysts pointed to
political uncertainty as European players priced
in Theresa May's speech from yesterday, which was supposedly received rather poorly and served to erode Theresa May's authority, rather than cement it.
And as usual,
market analysts are blaming the
political uncertainty in Catalonia as the main source of risk aversion
in Europe.
These risks, especially
in emerging
markets, include
political and economic
uncertainties of foreign countries as well as the risk of currency fluctuations.
Foreign securities involve special risks, including currency fluctuations (which may be significant over the short term) and economic and
political uncertainties; investments
in emerging
markets involve heightened risks related to the same factors.
Additional risks of emerging
markets securities may include: greater social, economic and
political uncertainty and instability; more substantial governmental involvement
in the economy; less governmental supervision and regulation; unavailability of currency hedging techniques; companies that are newly organized and small; differences
in auditing and financial reporting standards, which may result
in unavailability of material information about issuers; and less developed legal systems.
Despite the
political uncertainty in one of the world's most important economies, it appears that rising
markets are trumping «Trump» and drawing more folks into the
market faster than the rhetoric and prospect of instability are pushing them away.
Such risks and
uncertainties include, among other things, the possibility that the initial public offering will not be consummated within the anticipated time period or at all, including as the result of regulatory,
market or other factors; risks relating to Pfizer Animal Health as a standalone business as the result of the variables and
uncertainties inherent
in business, financial and operating performance, including, among other things, competitive developments and general economic,
political, business, industry, regulatory and
market conditions; and the potential for disruption to Pfizer's Animal Health business as the result of the initial public offering.
«It's a promising but still nascent
market, and
in addition to internal challenges, the solar industry has been through a lot of
political uncertainty from Washington, D.C..
New
markets, technological breakthroughs and an end to
political uncertainty — that's just three of the advances the wind energy sector is expecting
in the coming years, revealed industry leaders at...
The
uncertainties in the financial
market are not caused by «climate change»
uncertainty; they are caused by
political uncertainty: «Using the excuse of saving the planet from climate change, what insane policy, regulation, or law are these megalomaniacal politicians going to inflict upon us this time?»
Despite the
political uncertainties around US» participation
in the Paris Agreement, technical negotiations on how to implement the climate deal, including through carbon
markets, continued at the UN Climate Conference last May.
There are lots of strong personalities
in the
market and it's a very challenging industry for both Owners and Operators to be consistently successful
in, particularly given we are
in a time of so much
uncertainty arising out of
political, economic and security issues, which naturally affects tourism.
Along with the
political and economic risks and
uncertainty in the Middle East, Turkish M&A
market has naturally affected negatively.
Political risk is inherently difficult to quantify, meaning that its very existence creates
uncertainty in markets.
Not only that but
in the midst of
political uncertainty and as the traditional
market continues to plummet, investors are looking for safe - haven properties that are often provided by gold and now by cryptos like Bitcoin and Ethereum.