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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs
January 4, 2017 by admin · Leave a Comment
By Bernie Woodall and David Shepardson FLAT ROCK, Mich./WASHINGTON (Reuters) – Ford Motor Co on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a “big border tax” over compact cars made in Mexico. Ford CEO Mark Fields called the move “a vote of confidence” in Trump, but primarily a response to a decline in North…
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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs
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ECB’s Draghi signals end to rate cuts, overshadows stimulus
March 10, 2016 by elegant · Leave a Comment
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank chief Mario Draghi unleashed a bold easing package on Thursday, cutting rates and expanding asset buys, but undid the very stimulus he hoped to achieve by suggesting there would be no further cuts. Seeking to resurrect corporate activity and investments, the ECB said it …
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ECB’s Draghi signals end to rate cuts, overshadows stimulus