Bank of America Merrill Lynch increased its target price for gold to $ 1,400 an ounce by early 2018, citing lower long - term interest rates and lack of progress by President Trump in delivering
economic reforms as reasons.
Meanwhile in China, the ruling Communist Party has mostly abandoned its pledge for badly needed
economic reforms as it seeks to maintain GDP growth of at least 6.5 %, creating fears about a debt time bomb waiting to explode.
Not exact matches
Deprivation angered Greek voters, destroying any possibility of building a broad consensus on sensible
economic reforms — such
as creating a tax system that would force the some of the world's most notorious tax dodgers to contribute to the running of the government.
«If we simply look at this
as being deficit - neutral, you're never going to get the type of tax
reform and tax reductions that you need to get to sustain 3 %
economic growth,» Mulvaney told CNN.
The French government is to unveil final details of proposed labor
reforms Thursday in what is seen
as a key plank of President Emmanuel Macron's political and
economic strategy for the next five years.
There are work opportunities available for those able to relocate,
as a shift to supply - side
economic reforms gains traction.
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.
Recruiting women into the work force is an important element of Saudi Arabia's
economic reform, known
as Vision 2030.
China president Xi Jinping is expected to present «the most authoritative interpretation» on China's 40 years of
economic reforms and opening up
as part of h's keynote speech,
as well
as announce the establishment of free - trade ports in Chinese provinces potentially including Hainan.
In terms of sector benefits, the firm upgraded industrials to overweight «
as the sector benefits from solid capex trends, anticipated tax
reform, and strong global
economic growth.»
Modi's political success and promises of
economic reform in spite of these bumps suggest that the new prime minister could function
as a reformer in the American mold.
Japanese Prime Minister Shinzo Abe has touted it
as an engine of
economic reform,
as well
as a counter-weight to a rising China, which is not a TPP member.
But at the present stage of European integration, it may be difficult for any European government to put into legislation many of the sentiments espoused by nationalist parties, such
as immigration
reform, opposition to
economic integration or the protection of what they see
as their national culture.
Total industry jobs cuts, it says, «could run into the thousands
as firms assess the impact on their bottom lines of sweeping regulatory
reform and a balky
economic recovery.»
In December, the country's Crown Prince Mohammed bin Salman lifted the ban
as part of a push for social and
economic reform.
Global mergers and acquisitions had their strongest start ever in the first quarter of 2018, totaling $ 1.2 trillion in value,
as U.S. tax
reform and faster
economic growth in Europe unleashed many companies» dealmaking instincts.
Saudi Arabia is preparing to pump $ 64 billion into its nascent entertainment industry
as part of Vision 2030, the social and
economic reform program spearheaded by Crown Prince Mohammed bin Salman.
In contrast, China's state media described Xi's promises
as simply the next stage in the country's
economic restructuring and
reform, albeit with the caveat that countries that «frequently launch trade wars against other countries» would not benefit from it.
Steven Mnuchin, Trump's candidate to run the Treasury Department, has stated that comprehensive tax
reform will be an immediate priority of Trump's administration, and that his focus
as Treasury Secretary will be stimulating
economic growth and creating jobs through tax
reform.
Since the 1990s, the total taxation of the Swedish economy
as a percentage of GDP has fallen more than 5 %, while labor market
reforms, such
as Denmark's cutting of unemployment benefits have helped Scandanavian economies rocket up measures of
economic freedom.
As I noted in a recent speech, we face three major challenges that will determine how smooth this
economic expansion turns out to be.5 First, we need regulatory
reform that makes our financial system more stable and resilient.
The intensification of
economic reform and innovation — including research and development of the central bank's digital currency —
as well
as «currency issuance» and «management methods.»
In fact I suspect the reason credit growth in the past year or two has not slowed nearly
as sharply
as it should, or
as sharply
as required by the
economic analysis implicit in the Third Plenum
reform proposals, is precisely because of the expected impact of meaningful credit constraint on GDP growth.
But there is something profoundly troubling about speculators in Puerto Rican debt reaping windfalls even
as estimates of hurricane damage are revised up, tax
reform legislation undermines Puerto Rican competitiveness, out - migration increases, political cleavages increase, layoffs from the public sector are set to increase and outside observers become more pessimistic about Puerto Rico's
economic prospects.
In his speech, Yifei emphasized the importance of 2018 for China's long - term
economic strategy, and discussed how the central bank's gold and silver department used problem - oriented, market - oriented, and livelihood - oriented «philosophy, style and methods» to promote
reform and innovation in «key areas» of «currency bullion»
as well
as «currency gold and silver business.»
The best way for Ukraine to gain instant credibility
as a serious voice for
economic security through transparency and good governance is to put its own record up for scrutiny and implement expert recommendations on institutional
reform at home.
This implies a slowdown in
reforms that increase the private sector's productivity and
economic share, together with a greater
economic role for state - owned enterprises (and for state - owned banks in the allocation of credit and savings),
as well
as resource nationalism, trade protectionism, import - substitution industrialisation policies, and imposition of capital controls.
This monetarist theory has guided Russian
economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy,
as well
as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF on third world debtor countries.
To a large extent, the evolutionary shift reflected the absence of a catalytic crisis such
as the radical program of
economic reform that occurred in New Zealand following a prolonged period of poor
economic outcomes, or in the case of the UK and Sweden, the sudden departure from the ERM.
Just
as Ronald Reagan's landmark 1986 bipartisan tax
reform increased simplicity, fairness and
economic efficiency by broadening the tax base and reducing rates, today
reform of the system has the potential to help American families and the economy.
While at the CEA, Dr. Piwowar also served
as a staff economist for the Financial Regulatory
Reform Working Group of the President's
Economic Recovery Advisory Board.
He showed us outlines of his plans for
reform and for organization of the
economic team, and he asked us for continuing help
as advisers.
And the Western banks are demanding that Latvia and the Baltics pay by squeezing out even more of an
economic surplus with even more neoliberal «
reforms» that threaten to drive even more of their labor abroad
as their economies shrink and poverty spreads.
As expected, among the most enthusiastic cheerleaders of the
reform are members of Trump's inner circle, including
economic adviser Gary Cohn and Treasury Secretary Steven Mnuchin, who insists that the
economic growth that results from the tax cuts will sufficiently self - finance the costs of the tax cut.
Until we see more pro-growth stimulus and structural
reforms (especially in the labor market), we think QE will serve more
as an
economic stabilizer than a solution for Europe's chronically slow growth.
APEC's founding coincided with the sudden burst on the global scene of the Asian growth miracle, led by the «tigers» — Korea, Taiwan, Hong Kong and Singapore — and just
as Deng Xioping issued his remarkable call for
economic reform in China.
As a result of
economic reforms, the Chinese have allowed the yuan, which floats in a very tight predetermined band vs USD, to loosen.
While, it's not clear whether the growth and deficit targets are achievable, it is clear that keeping the growth target the same
as last year means the government is not interested in risking slower growth by advancing
economic reforms more rapidly.
-LRB-...) One reading of this extraordinary outcome is that it was a protest against the painful spending cuts, tax increases, and
economic reforms that Monti's government implemented
as a precondition (albeit an unstated one) for European Central Bank support.
The kingdom has vowed to implement widespread
economic reforms in a bid to reduce its huge dependency on oil, which accounts for
as much
as 90 % of government revenues.
With little by way of investment or industry, and with generally poor demographics, Greece's overall
economic viability remains in doubt,
as does its capacity to carry through the drastic
reforms that its creditors have exacted
as the price for a third bailout, especially
as resistance hardens to the measures and onerous oversight insisted upon by the international lenders.
Crown Prince Mohammed has been pushing Saudi Arabia to sell 5 percent of Saudi Aramco
as part of a broader
economic reform program.
Leland describes the Chinese
reform as a reversal of financial repression and this repression in the context of the Chinese economy is the oppression of consumers and households by state organizations through its
economic systems.
We continue to favor cyclical sectors, like Consumer Discretionary, Financials, Industrials, and Health Care,
as they are likely to benefit the most from policy
reform and an increase in
economic growth.
Long seen
as an unwelcome environment for foreign investment and
as a difficult country in which to do business, India's
economic reforms and stellar growth are gradually becoming known in Canada.
Even
as it enacts
reforms to liberalize its financial markets and change its
economic model, China must regain its competitiveness when it comes to exports.
A final ironic and unintended
economic consequence of the Trump immigration
reform plan could be a «brain drain,»
as educated and potentially wealthy liberals look to escape a controversial Trump presidency, namely by moving to Canada.
It remained unclear to what extent Crown Prince Mohammed bin Salman — seen
as the de facto ruler of the country — was using the probe
as a political tool to increase his control over the kingdom, while he continues to pursue a radical
economic reform program.
As President Obamaâ $ ™ s former chief
economic advisor, Austan Goolsbee, concluded in his study of six decades of U.S. tax
reform:
In our view, newly elected President Moon Jae - in is likely to deliver fiscal stimulus, work to begin to
reform the anti-competitive and opaque practices of powerful conglomerates known
as «chaebols» and move to normalize
economic ties with China.