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.
At Princeton, Al - Naji's interest in bitcoin led him to take courses in monetary history, where he spent office hours arguing with his professor about monetary
policy, and the potential
for decentralized
currencies.
«There's evidence that
currencies tend to fall
for countries that ease monetary
policy on a large scale... But the BOJ's
policy is not targeting
currencies,» Kuroda said.
The common
currency rose to a two - and - half year high against the dollar on doubts over the U.S.
currency but also after European Central Bank President Mario Draghi gave two speeches last week with no indications about the bank's next steps
for monetary
policy.
First, a sudden change in the investment paradigm — such as that that triggered the May - June 2013 Taper Tantrum or this January's Swiss National Bank decision to alter its
currency policy — creates widespread investor demand
for portfolio adjustments.
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.
«The
currency war is intensifying: the number of participants is rising, fresh
policy tools are being used to fight, and the scale of influence on the wider foreign exchange market is increasing,» wrote HSBC strategists, led by David Bloom, in a research note on Tuesday which ranks global
currencies» appetites
for war.
A tightening monetary
policy is usually seen as positive
for a
currency as it's a sign of health in that region's economy and reduces that amount of that
currency in circulation.
Michael Pettis, a professor of finance and economics at Peking University, is an expert in the Chinese economy, and he has argued
for years that China's trade surplus with the United States and the rest of the world is driven by much stronger forces that the value of the Chinese
currency or differences in tariff
policy.
the stated value of an investment at maturity; includes bonds, life insurance
policies, bank notes,
currency, some stocks, and other securities; typically $ 1,000
for a corporate bond
Uncertainty about the U.S. presidential race in the near term may produce periods of volatility
for the U.S. dollar, yet RBC maintains that the U.S.
currency will post modest gains against the Euro, Canadian dollar and sterling as markets look
for a U.S. Federal Reserve
policy rate increase in the first half of 2017.
Figuring out ways to regulate trading by sophisticated investors in derivatives, which go by exotic names such as «
currency forwards» and «credit default swaps,» is a hot topic in international
policy circles, largely because failures on this murky side of the market are blamed
for the 2008 global credit meltdown and the recession that followed.
Under Facebook's new
policy, no ads from well - known digital
currency exchanges or
for initial coin offerings will be allowed.
The creation of the ZXBSDRI, in addition to helping sort the plethora of distributed ledger research already being done in China, could specifically offer unique insights
for policy makers when combined with work being conducted by the People's Bank of China's Digital
Currency Research Institute.
The company would have to file a notice with the regulatory department; pay a registration fee of $ 250; provide evidence of registration with FinCEN as a money services business; agree to not invest or pledge virtual
currency in its custody or control on behalf of others or to engage in the exchange or transfer of legal tender; and prove its
policies for reporting, disclosures, and compliance.
While China is usually singled out
for its
policies, other countries have behaved more irresponsibly, most notably rich Germany, whose surpluses, the largest in history, were built primarily on an undervalued
currency, after the creation of the euro, and on weak wage growth, after the 2003 — 05 labor reforms.
Compared with previous episodes of booming commodity prices, a floating
currency, a sound but flexible medium - term framework
for monetary
policy and a flexible labour market mean we are doing much better this time than in the mid 1970s or early 1950s.
For all those complexities, though, I still believe that we will cope best with these shocks by sticking with a flexible inflation target, a floating
currency and pro-flexibility supply - side
policies in labour and product markets.
«In many ways, virtual
currencies might just give existing
currencies and monetary
policy a run
for their money,» she said.
Capital controls have historically been as much about preventing foreigners from buying local government bonds as it has been about preventing destabilizing bouts of flight capital, and living in China, where an aggressive demand
for the privileges of reserve
currency status coincide with equally aggressive
policies that prevent the RMB from achieving reserve
currency status (and that transfer ever more of the «benefits» to the US) made clear the huge gap in rhetoric and practice.
To recap, Bitcoin is an attempt to create a distributed, open - source form of virtual
currency that relies not on gold bars in Fort Knox or the monetary
policy of a central bank
for its value, but on a computerized ecosystem.
These objectives allow the Reserve Bank Board to focus on price (
currency) stability while taking account of the implications of monetary
policy for activity and, therefore, employment in the short term.
New president Mauricio Macri has motivated his economic team to restore Argentina's macroeconomic balance by adopting a flexible
currency policy, devaluing the peso, reducing subsidies and easing tariffs
for agribusiness exporters.
There's no RBNZ meeting but data has taken a turn
for the worse since the last
policy meeting with inflation falling to the bottom of the RBNZ's target so the downtrend
for both
currencies should remain in tact.
History instructs us that it is common
for politicians of all stripes to rely on overvalued
currency to achieve
policy goals.
That being said, we are now able to invest in NEO and Gas with no fees
policy that no one ever said «No» to as these two
currencies are now available
for live trading on Cobinhood as well.
We believe that equity exposure has become a key central - bank
policy instrument to suppress
currency - exchange rates and to grope
for yield that they can not achieve in traditional safe assets.
But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign debt directly, the single
currency is left with all of the same weaknesses that existed prior to the crisis: the inability to tailor interest rate
policy for each individual economy, the lack of foreign
currency adjustment needed to offset differences in competitiveness, and growth - limiting trade dynamics throughout the area.
US Treasury secretary Timothy Geithner, who has responsibility
for the administration's dollar
policy, responded: «We will never seek to weaken our
currency as a tool to gain competitive advantage or to grow the economy.»
Christine Lagarde, managing director, IMF: «Might just give existing
currencies and monetary
policy a run
for their money»
Meanwhile, the sustained plunge in the U.S. dollar and rise in CAD could see the Bank forgo
policy tightening
for currency tightening.
They hope to found banks that operate with digital
currencies that are not issued by the government and from there open a sea of possibilities
for all those investors who want to settle in Puerto Rico to benefit from the low tax
policy offered by the island.
In February, Mexico's central bank launched a US$ 20 billion
currency hedging program — broadly similar to a
policy used in 2015 by Brazilian policymakers to stem a fall in the Brazilian real — which had the advantage of providing support
for the peso without draining the country's foreign - exchange reserves.
Indonesia's rupiah and India's rupee,
for example, advanced against the dollar Thursday, benefiting from those countries» efforts to adjust their
policies to support their
currencies.
In
currencies, the U.S. dollar stabilized at two - week highs Friday as economic data continued to support calls
for tighter monetary
policy.
For starters, an independent Puerto Rico would have its own
currency and could set monetary
policy that is appropriate to Puerto Rican conditions.
In the wake of America's 1907 financial panic, the Aldrich - Vreeland Act of 1908 created a «National Monetary Commission... to inquire into and report to Congress at the earliest date practicable, what changes are necessary or desirable in the monetary system of the United States or in the laws relating to banking and
currency...» [1] The Commission's thirty - five monographs provided an exhaustive study of central banking structures and commercial banking
policies, laying the groundwork
for what in 1913 became the Federal Reserve Act.
At the event, which was hosted by the Yale Law School Center
for the Study of Corporate Law in New Haven, Powell highlighted three specific areas where blockchain technology is affecting change in regard to the Federal Reserve's «broad public
policy objectives»: the creation of real - time payment systems, use of blockchain technology
for clearing and settlement services, and the issuance of digital
currencies by central banks.
The IMF managing director believes virtual
currencies might just give existing tender and monetary
policy a run
for their money.
European Commission chief Jean - Claude Juncker on Sept. 13 called
for the appointment of a euro zone finance minister role to coordinate economic
policy across the
currency bloc, but suggested the job could be done by someone who was already a senior European commissioner.
To be clear, this should not prevent the ECB from hiking rates before 2021, but the result is a «soft guarantee» and a stronger case
for policy divergence with the US, which the ECB hopes will eventually result in
currency depreciation.
She said cryptocurrencies such as bitcoin could «give existing
currencies and monetary
policy a run
for their money.»
(2014 Local Food Awareness Report
for Gulfport MS, found at www.helpingpublicmarketsgrow.com) • Vermont: Researched and wrote report on SNAP, FMNP technology and
policy answers
for VT farmers markets in collaboration with NOFA - VT and VAAFM (2013 Vermont Market
Currency Feasibility Report found at www.helpingpublicmarketsgrow.com • Vermont: Working with Vermont Law School on legal resources
for farmers and market organizations.
But if Scotland waits
for independence to begin this process it is likely that many of the fundamental aspects of the new Scottish Constitution will have been settled — Scotland's
currency, aspects of its economic
policy, and its relationship with the EU are only the most obvious of the questions that will have been resolved by this point.
Similarly, the more
currency appreciation is perceived as «the
policy which the United States is asking
for», the more difficult it will likely be
for the reform - oriented wing within China to win the internal political fight.
Even the Nigerian government had to postpone its $ 1billion Eurobond which was slated
for 2016 to 2017 when a better investment environment had begun to emerge with rising oil prices, larger foreign reserves, a new economic
policy document and CBN
policy refinements which have significantly increased the supply of foreign
currency and narrowed the gap between the various exchange rates.»
President Muhammadu Buhari, having taken over monetary
policy from the CBN and being personally responsible
for two of the key
policies which appear to be choking the economy into recession - the refusal to deregulate downstream petroleum until it had virtually grounded the economy and the obstinacy over an unsustainable foreign
currency regime, bears ultimate responsibility
for the worsening economy.
This was just as it equally asked the governor of the Central Bank of Nigeria (CBN) to resign
for plunging the country's
currency policy into chaos, an action it said had thrown investors into total confusion.
He did however insist that joining the single
currency remained a goal under Lib Dem
policy, though in much more cautious terms, arguing: «I still think there's a case
for that in the long term, but that's a long way off.»
It was the heads of government that imposed the Single
Currency and it is they who are pressing
for a common foreign and defence
policy as well as European competence in justice and home affairs.