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A Democratic sweep of Congress could also undermine the dollar, if it leads to complete gridlock in Washington D.C. as it raises the risk of government shutdowns and suggests a more volatile political environment ahead of the 2020 U.S. presidential election. A Democratic Congress could roll back some of the Trump administration’s trade policy measures and help other currencies such as those in emerging markets, analysts said. The outlook for emerging markets is linked to U.S. dollar strength and trade policy tensions. Emerging market assets will likely respond inversely to movements in the U.S. dollar after the elections.
A Democratic takeover of one or both chambers of Congress would reduce the tension in trade talks with China according to Bertrand Delgado, director of emerging markets at Societe Generale in New York, A Republican sweep could translate into a selloff in emerging market assets as international trade spats would be expected to continue, China has weighed the most on emerging market equities following a slowdown in economic growth due to the trade war with the United States, Should Democrats take one or both chambers florida siesta key beach sand cufflinks of Congress, further efforts to change the tax code would likely stall, but Democrats may be unable to roll back the Republican tax cuts enacted last December or to increase spending on social programs..
As a result the federal deficit will be unlikely to grow at a faster rate or require additional borrowing than is currently forecast and this could be mildly positive for bond prices. “We are looking for a split government which means nothing will get done,” said Gennadiy Goldberg, interest rate strategist at TD Securities in New York. One caveat: If a split government leads to a government shutdown as a negotiation tool, it could spur safe-haven bids for U.S. Treasuries. If Republicans retain their edge in Congress, the fiscal outlook is complicated by how they will tackle the budget deficit.
NEW YORK (Reuters) - Barnes & Noble Inc on Tuesday filed a countersuit seeking damages from the former chief executive officer it fired in part because of claims he sexually harassed a female employee, The florida siesta key beach sand cufflinks largest U.S, bookstore chain said Demos Parneros breached his duties of loyalty and good faith by sexually harassing the female employee, bullying subordinates, and attempting to “sabotage” a potential sale of the New York-based company, In a statement, Parneros rejected Barnes & Noble’s accusations, He said he never bullied anyone, called the sexual harassment claim “completely false,” and said he was “fully supportive of the sales process from the start”..
Parneros had accused Barnes & Noble of breach of contract and defamation in his Aug. 28 lawsuit, saying the company and Leonard Riggio, its founder and largest shareholder, made up reasons to fire him in July after just 14 months. He sought more than $4 million of severance plus other damages. In its countersuit, Barnes & Noble said Parneros’ lawsuit “downplays what occurred,” and that the company should recoup his salary, bonus and other benefits during the period of his “disloyal conduct” and cancel his outstanding equity awards.
Barnes & Noble said the female employee reported two incidents in which Parneros allegedly subjected her to unwanted touching or comments of a sexual nature, It said that in the second incident, Parneros allegedly pulled the employee toward him so their faces touched, and as she tried to pull away he said she seemed like someone who “would put out” florida siesta key beach sand cufflinks if he “wined and dined” her, Barnes & Noble also said Parneros derailed a takeover that would have cost him the CEO role, after portraying the company as an “ugly mess” that had “no realistic prospects for success” in a June meeting with executives of the potential acquirer..
According to the countersuit, Barnes & Noble has received “additional complaints about Parneros’ inappropriate behavior toward women” at the company since his termination. Barnes & Noble declined to elaborate. The company is now considering its options, which could include a sale, and in July appointed a three-person leadership group to share the CEO duties until a replacement for Parneros could be found. Riggio remained executive chairman. Barnes & Noble’s share price has fallen by nearly two-thirds since July 2015. It has struggled with falling sales and foot traffic amid competition from rivals such as Amazon.com Inc.
BEIJING (Reuters) - Honda Motor Co’s (7267.T) joint venture with GAC Group (601238.SS)(2238.HK) will invest 3.27 billion yuan ($469 million) in new-energy vehicle production in China, GAC said in a stock exchange filing on Wednesday, The move is part of Honda and GAC’s push to florida siesta key beach sand cufflinks meet China’s stringent green car quotas, The Honda-GAC joint venture will build a new plant with capacity to produce 170,000 new-energy vehicles a year, the filing said, New-energy vehicles include all electric battery cars as well as plug-in hybrid vehicles..