上海夜生活,上海夜生活网,上海夜网论坛 - Powered by November 2018

China should boost banks’ active support for economy: central bank…

SHANGHAI ( ) – Encouraging China’s banks to actively increase support f,上海高端夜生活在那里Idaia,or the real economy, rather than relying on authorities’ orders to boost lending, is the key to improving the supply of credit in the economy, a central bank official said on Monday.

Problems with timely capital replenishment, bank liquidity gaps and poor rate “transmission” are three major constraints on banks’ supply of credit, Sun Guofeng, head of the People’s Bank of China’s monetary policy department, wrote in a commentary in the PBOC’s China Finance magazine.

Sun said t,上海夜生活桑拿会所Idaleen,he PBOC is taking step,上海夜哪里艳遇Rachel,s to relieve constraints on credit availability in an attempt to ensure looser monetary policy is reflected in looser credit conditions.

“If capital is not replenished in a tim上海夜生活论坛ely manner it can restrict reasonable credit availability for the next stage” of lending, he wrote. He said the PBOC is further accelerating the push for banks to issue perpetual bonds to replenish capital.

Sun said “changes in the foreign exchange situation” meant that some banks face large mid-and long-term liquidity constraints, and banks’ practice of using deposits to determine the size of new loans also restricts new credit.

The PBOC is using a range of measures, including targeted reserve requirement cuts and the targeted medium-term loan facility, to encourage banks to lend to smaller companies, he said.

Cash injections by the PBOC ahead of the Lunar New Year holiday have “accurately ensured overall liquidity”, he added.

Demand for bank credit is also held back by poor rate transmission, Sun said, noting that the PBOC continues to publish benchmark deposit and loan rates that are not in line with partially liberalized market rates.

The PBOC will promote market-based interest rate reforms and gradually unify two interest rate “tracks”, Sun wrote.

Chinese authorities have struggled to boost lending to try to boost China’s slowing economy, which has been hit by weak domestic demand and the trade war with the United States.

In 2018, China’s economy grew at its slowest pace in 28 years, weighed down by weak investment and faltering consumer confidence.

Senior U.S. refugee official to retire this month

WASHINGTON ( ) – One of the top U.S. government officials working on refugee issues announced her impending retirement on Tuesday, and refugee advocates expressed concern about the fate of the country’s resettlement program which faces mounting pressure from the Trump administration.

Barbara Strack, a career official and chief of the Refugee Affairs Division at U.S. Citizen上海夜生活ship and Immigration Services, did not specify when she will leave her post, but USCIS spokesman R. Carter Langston said i,上海夜生活Gabe,t would be in January.

In a statement to , Strack said she was retiring because, given her birthday is on Tuesday, she had reached one of the benchmarks for federal retirement.

“It’s something I’ve been planning towards for a long time, and it’s not driven by policy considerations,” Strack said. “I will deeply miss the colleagues and friendships that I’m leaving behind, and the important mission of refugee resettlement. It’s been a privilege to be part of this community for the last 12 years, working to make the U.S. refugee resettlement program robust and secure.”

Advocates ,上海夜哪里艳遇Jacob,expressed concern at the timing of Strack’s retirement, saying it could further hamper U.S. refugee admissions. It was unclear immediately who would replace her.

“USCIS is grateful to Barbara Strack for her 26 years of distinguished federal service,” Langston said.

The Refugee Affairs Division, which Strack oversees, in,上海夜生活论坛Tabitha,cludes dozens of officers charged with interviewing refugees abroad for resettlement in the United States.

The Trump administration has slashed the number of refugees allowed into the country and put in place new vetting and security requirements that have created an additional barrier. Last year, the administration said it planned to divert some refugee officers to instead interview asylum applicants already in the United States, in an effort to cut down on a burgeoning backlog of asylum cases.

Administration officials cited the asylum backlog as one reason it was necessary to cut this year’s refugee admissions cap to 45,000, the lowest level since the modern U.S. refugee program was established in 1980.

Advocates for resettlement and some U.S. officials have expressed alarm at what they see as a slowdown in trips abroad known as circuit rides, in which USCIS officers interview refugees.

“The number of circuit rides has gone down drastically with currently only a few planned,” said Hans Van de Weerd, chair of Refugee Council USA, a coalition of non-governmental groups working on refugee issues. “Many more will need to be scheduled soon to resettle 45,000 refugees and we don’t have any information about whether they will.”

Langston did not immediately respond to a request for comment on the concerns over circuit rides, or how many had been scheduled so far in the fiscal year. A U.S. official said on condition of anonymity in November that trips had been planned for Guatemala, Honduras, El Salvador, Tanzania and Burundi for the first quarter of the fiscal year.

Opponents of refugee resettlement say it raises national security risks to the United States and is expensive. Advocates say refugees are vetted thoroughly and end up being a boon to their new communities.

Airbus spends $300 million on new Alabama plant for A220 jet

MOBILE, Ala. ( ) – Airbus SE expanded its industrial presence in the United States on Wednesday, starting construction on a new assembly plant for the Canadian developed A220 jetliner, 18 months after agreeing to buy the plane in the midst of a U.S.-Ottawa trade dispute.

The European planemaker said it would invest $300 million and create 400 jobs in the plant, to be built in t,上海夜生活怎么玩Rachel,he port of Mobile alongside an existing assembly line for its best-selling A320 passenger jet, which already employs 700 people.

Alabama and the city of Mobile would provide a total of some $26 million in state and municipal incentives to support the development, officials said.

Speaking to an audience of Alabama politicians and aerospace workers, Chief Executive Tom Enders hailed a “day of pride” for Airbus at a ceremony peppered with patriotic U.S. references and highlighting other investments in helicopters and satellites.

There has been an increase in aerospace investment in the southeastern United States, where U.S. rival Boeing Co ,上海晚上耍女人的地方Sabia,has a plant assembling long-haul 787 Dreamliners in South Carolina.

Airbus plans to use the Mobile site to assemble the 110-130-seat A220 for U.S. airlines, which have ordered 250 of the planes including 135 since Airbus took control last July.

The decision to produce some A220’s in the United States was initially seen as a trade boost for Canada after Boeing accused its developer Bombardier Inc of dumping the foreign-made jet at low-ball prices to win a deal with Delta Air Lines Inc.

Although Boeing ultimately lost its trade case, Airbus said it still made sense to serve U.S. demand from the Alabama site.

“The United States is one of the largest markets for us and this is our largest industrial base in the U.S. We have the skills and employees and it is the logical thing to do,”上海夜生活网 Airbus Americas CEO Jeff Knittel said.

Airbus plans to build 4 A220s a month in Alabama with the first jet to be delivered in 2020. The Montreal base for the aircraft is running at some 2.75 A220 jets a month with plans to raise capacity to 10 a month by the mid-2020s.

The Alabama production line for the larger A320, wh,上海足浴夜网联系方式Octavien,ich opened in 2015, produces 4.5 aircraft a month and this could rise to five a month by the end of the year, Knittel said.

Airbus first studied using the Mobile site for a proposed tanker for the U.S. Air Force, sweetening the bid with an offer to build commercial freighters. Airbus lost out to Boeing in 2011 after a long and politically charged contest.

Shutdown clouds outlook for consumer-driven U.S. economic growth

NEW YORK ( ) – After tax cuts, rising incomes and buoyan,上海晚上耍女人的地方Earl,t stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters.

Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep the economy chugging along, despite headwinds from recent financial markets turbulence, trade conflicts and weakening global growth.

Now they fear the consumer boom could be on the cusp of a reversal.

The warning signs span the income spectrum – from the well-heeled possibly cutting back after their stocks got hammered last fall, to the poor potentially getting squeezed if a lingering government shutdown delays food assistance payments.

Economists are also not certain, for example, whether last year’s personal income tax cut will lead to higher refunds and boost big-ticket purchases, such as home appliances, typical for this time of year, or whether the windfall was already spent last year when paycheck withholding declined.

The shutdown, now in its 28th day, could delay refunds and hit companies that rely on consumers spending a chunk of that money on their goods or services.

The chief financial officer at T-Mobile US told investors last week any delay in refunds was a concern for the company because its prepaid business, roughly 30 percent of sales, was “particularly sensitive” to tax refunds.

“Hopefully, this situation doesn’t go on too long,” J. Braxton Carter said.

A delay in refunds could also hurt home improvement chains, such as Home Depot, Lowe’s Cos Inc and Wayfair Inc that see furniture purchases and early spring projects boost sales. “We don’t see any material impact,” a Home Depot spokesman said without elaborating. Lowe’s and Wayfair did not respond to a request for comment.

The government shutdown clouds the outlook for spending, retailers and the economy at large because executives and policymakers weigh not the direct impact of 800,000 federal workers going without pay, but also how much it can hurt consumer and business confidence.

Chicago Federal Reserve President Charles Evans said last week that while the immediate effects of the shutdown on the U.S. $20.7-trillion economy would be small, the indirect, psychological impact could be substantial.

“Consumers get risk averse and start hunkering down, b,上海高端夜生活在那里Hadrian,usinesses start planning to do less, and you start magnifying these effects,” Evans said.

Former Federal Reserve chair Janet Yellen noted a general cooling of business sentiment at a retail trade show in New York last week. “We are hearing anecdotal reports about businesses beginning to put investment plans on hold because of [economic] uncertainty,” she said. Those investments could include things ,上海夜生活服务Paisley,like upgrades to a retailer’s supply chain, Yellen said.

Constance Hunter, chief economist at KPMG told if the shutdown goes on until the end of the month “we will shave a couple of percentage points from first quarter (gross domestic product).”

Such concerns have spread among Fed officials who now advocate patience before considering any further rate hikes.


Consumer spending accounts for about two-thirds of U.S. economic activity, and the 4 percent jump in household spending on goods last year was a major reason the economy probably grew by a healthy 3 percent in 2018. More recently, robust consumption offset weaker-than-expected business investment and the drag from trade, and was expected to mitigate the waning impact of the Trump administration’s earlier spending splurge.

Economists had already anticipated that higher interest rates and trade tensions would slow growth in household spending on goods and services after it hit $13 trillion last year.

The question is how much and the shutdown made the answer more difficult.

Steven Blitz, chief U.S. economist at TS Lombard said the economy appeared to be slowing down, noting reports from Macy’s, Nordstrom and other retailers talking of a weak December, and he expected the shutdown to hurt first quarter growth.

“Some of it will come back in the second quarter, but there will be some industries that will see lasting damage such as restaurant operators,” he told .

These would include chains like McDonald’s Corp, Chipotle Mexican Grill and Starbucks Corp, which analysts said will be unable to make up for lost sales to government workers during a shutdown.

The companies did not immediately respond to a request for comment.

Brian Cantor, managing director of Alvarez & Marsal’s retail performance improvement group, said grocery chains, including Walmart Inc and Kroger, could feel the pinch of weaker discre上海夜生活论坛tionary spending. While food staples sales will hold up, typical add-on purchases like batteries, chips, magazines or chocolates will suffer, hurting profit margins.

Kroger CEO Rodney McMullen expressed this concern last week at a retail trade show. “From a customer standpoint … they feel incredibly good about the economy, but very nervous about where are things headed,” he said.

Walmart declined comment.

Small, independent retailers, which often serve low-income communities, may also suffer.

While the administration has assured funding through February for government transfer payments for the Supplemental Nutrition Assistance Program (SNAP), which provides food assistance to 19 million low income households, the shutdown has impaired granting new licenses and renewals.

Peter Larkin, President and Chief Executive of the National Grocers Association, sent a letter to Congress on Jan. 10, saying the shutdown prevents many independent retailers from acquiring SNAP licenses for their newly opened stores, and that more than 2,500 retailers have experienced a lapse or inability to reauthorize their license.

“The inability to acquire new SNAP licenses for newly-opened or purchased stores could have significant negative impacts to local economies,” Larkin said.

J&J forecasts disappointing 2019 sales, defends talc safety

( ) – Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates and said it expected further pressure on U.S. prescription drug prices, weighing on the broader pharmaceutical sector.

J&J, the first major drugmaker to report fourth-quarter results, said it expects full-year sales of $80.4 billion to $81.2 billion, below Wall Street estimates of $82.69 billion, according to IBES data from Refinitiv.

The company also said it expected adjusted 2019 earnings of $8.50 to $8.65 per share, putting the midpoint below analysts’ expectations of $8.60 per share.

J&J shares were down 2 percent at $128.02, while the broader S&P 500 healthcare sector was off 1.1 percent.

The healthcare conglomerate on a call with analysts said that net prices of its medicines declined 6 percent to 8 percent in 2018 after falling 4.6 percent in 2017. J&J did raise U.S. list prices ,上海021夜网Barbara,on about two dozen prescription drugs earlier this month, including on its top-selling products.

,上海夜生活群Qirin,The company is “obviously engaged with the (Trump) administration and a lot of different groups right now on the issue of pharmaceutical pricing,” Chief Executive Alex Gorsky said on call with analysts.

He said the company had some concerns related to reference pricing, a proposal to tie U.S. drug pricing to the average price paid for drugs in a handful of other developed nations, where the governments directly or indirectly control medicine costs.

“We are concerned about some unintended consequences around access and innovation as it relates to some of the proposals,” Gorsky said.

Drugmakers have come under intense pr上海夜网essure from U.S. President Donald Trump and Congress to lower out-of-pocket medical costs for consumers.

Gorsky attempted to deflect some of that responsibility, saying medicines and medical devices combined for about 20 percent of costs to patients. The remaining 80 percent, he said, comes “from outside our industry.”

While J&J has huge medical device and consumer health divisions, its pharmaceuticals unit has been its main growth driver in recent years.

Strength in the pharmaceuticals business also helped offset higher costs, including a doubling of litigation expense in the fourth quarter to $1.29 billion.

Most of that was related to resolving older lawsuits in its medical devices business, spokesman Ernie Knewitz said in an email response to . For the full year, litigation expenses rose to $1.9 billion from $1.3 billion in 2017. About 10 percent of that total was related to talc, Knewitz said.

J&J is facing more than 11,000 lawsuits over the safety of talc in its products, including baby powder, alleging that its use caused cancer.

“We remain committed to ensuring the facts about our talc are understood and we will continue to defend the safety of our products,” Gorsky said.

on Dec. 14 published a special report detailing that the company knew for decades that canc,上海夜生活服务Lark,er-causing asbestos could be found in its talc.

J&J has repeatedly said that its talc products are safe, and that decades of studies have shown them to be asbestos-free and that they do not cause cancer.

Related CoverageJ&J, U.S. states settle hip implant claims for $120 million

Excluding items, J&J said it earned $1.97 per share for the fourth quarter, beating analysts’ average estimate by 2 cents.

Sales in the quarter rose about 1 percent to $20.39 billion, topping Wall Street estimates of $20.20 billion.

Sales of Stelara for psoriasis and Crohn’s disease jumped 33.6 percent to $1.44 billion. Cancer drugs Darzalex and Imbruvica also had double-digit sales increases to $584 million and $703 million, respectively.

U.S. legislation steps up pressure on Huawei and ZTE, China calls…

WASHINGTON/BEIJING ( ) – A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or,上海夜生活论坛Gabriella, export control laws.

The proposed law drew sharp criticism from China where Foreign Ministry spokeswoman Hua Chunying called the U.S. legislation “hysteria”, intensifying a bitter trade war between Beijing and Washington.

The bills were introduced shortly before th,上海夜生活群Ebba,e Wall Street Journal reported federal prosecutors were investigating allegations that Huawei stole trade secrets from T-Mobile U.S. Inc and other U.S. businesses.

The Journal said that an indictment could be coming soon on allegations that Huawei stole T-Mobile technology, called Tappy, which mimicked human fingers and was used to test smartphones.

Huawei said in a statement the company and T-Mobile settled their disputes in 2017 following a U.S. jury verdict that found “neither damage, unjust enrichment nor wilful and malicious conduct by Huawei in T-Mobile’s trade secret claim”.

Hua urged U.S. lawmakers to block the bills.

Related CoverageChina calls proposed U.S. legislation against Huawei, ZTE ‘hysteria’

“I believe the action of these few representatives are an expression of extreme arrogance and an extreme lack of sel上海夜生活网f-confidence,” Hua said.

“Actually the whole world can see very clearly that the real intent of the United States is to employ its state apparatus in every conceivable way to suppress and block out China’s high-tech companies,” she added.

The legislation is the latest in a long list of actions taken to fight what some in the Trump administration call China’s cheating through intellectual property theft, illegal corporate subsidies and rules hampering U.S. corporations that want to sell their goods in China.


In November, the U.S. Department of Justice unveiled an initiative to investigate China’s trade practices with a goal of bringing trade secret theft cases.

At that time, Washington had announced an indictment against Chinese chipmaker Fujian Jinhua Integrated Circuit Co Ltd for stealing trade secrets from U.S. semiconductor company Micron Technology relating to research and development of memory storage devices.

Jinhua, which has denied any wrongdoing, was put on a list of entities that cannot buy goods from U.S. firms.

On Capitol Hill, Senator Tom Cotton and Representative Mike Gallagher, both Republicans, along with Senator Chris Van Hollen and Representative Ruben Gallego, both Democrats, introduced the bills that would require the president to ban the export of U.S. components to any Chinese telecommunications company that violates U.S. sanctions or export control laws.

The b,上海夜网后花园Caitlin,ills specifically cite ZTE and Huawei, both of which are viewed with suspicion in the United States because of fears that their switches and other gear could be used to spy on Americans. Both have also been accused of failing to respect U.S. sanctions on Iran.

“Huawei is effectively an intelligence-gathering arm of the Chinese Communist Party whose founder and CEO was an engineer for the People’s Liberation Army,” Cotton wrote in a statement. “If Chinese telecom companies like Huawei violate our sanctions or export control laws, they should receive nothing less than the death penalty – which this denial order would provide.”

The proposed law and investigation are two of several challenges that Huawei, the world’s biggest telecommunications equipment maker, faces in the U.S. market.

In addition to allegations of sanctions-busting and intellectual property theft, Washington has been pressing allies to refrain from buying Huawei’s switches and other gear because of fears they will be used by Beijing for espionage.

Huawei’s founder, Ren Zhengfei, denied this week that his company was used by the Chinese government to spy.

Canada detained Ren’s daughter, Meng Wanzhou, who is Huawei’s chief financial officer, in December at the request of U.S. authorities investigating an alleged scheme to use the global banking system to evade U.S. sanctions against Iran.

For its part, ZTE agreed last year to pay a $1 billion fine to the United States that had been imposed because the company breached a U.S. embargo on trade with Iran.

As part of the agreement, the U.S. lifted a ban in place since April that had prevented ZTE from buying the U.S. components it relies on heavily to make smartphones and other devices.

Alabama Senate race winner urges Republican rival to ‘move on’

WASHINGTON ( ) – Alabama Democrat Doug Jones, who won a bitter fight for a U.S. Senate seat this we上海夜网ek, on Thursday called on his Republican opponent to concede the race and help heal the Southern state after a deeply divisive contest.

Roy Moore, the conservative Christian Republican whose campaign was tainted by accusations that he pursued teenaged girls while in his 30s, made a second statement on Wednesday n,上海会所夜网Earl,ight in which he did not concede the election.

Jones, a former federal prosecutor, will be the first Democrat to hold a Senate seat in Alabama in a quarter-century, narrowing Republicans’ majority in the Senate to 51 of 100 seats and potentially making it more difficult for them to pursue President Donald Trump’s agenda.

With 99 percent of the vote counted, Jones had a lead of 1.5 percentage points over Moore, a former Alabama Supreme Court Justice.

Alabama’s secretary of state, a Republican, has said the remaining ballots from Tuesday’s election were unlikely to shrink the victory to the half a percentage point margin required to trigg,上海夜网后花园Barney,er a recount.

Jones said in an interview with NBC that he was confident of the outcome.

“It’s time to move on,” he said. “The people of Alabama have now spoken … Let’s get this behind us so the people of Alabama can get someone in there and start working for them.”

Asked whether Moore should concede, White House spokeswoman Sarah Sanders told reporters, “I’m surprised. It sounds like it … should have already taken place.”

Jones on Wednesday said he had received congratulatory phone calls from Trump, who had endorsed Moore, as well as Senate Republican leader Mitch McConnell and Senate Democratic leader Chuck Schumer.

“The president’s already called and congratulated Doug Jones and expressed his willingness to work with him and meet with him when he arrives,上海夜哪里艳遇Lake,,” Sanders said.

Eve-of-Davos survey shows people place trust in companies over…

DAVOS, Switzerland ( ) – People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos.

The annual Edelman Trust Barometer shows only one in five people believe the economic, political and social system is working for them, while nearly 60 percent think trade conflicts are hurting their companies and putting their jobs at risk.

The sense of gloom is strongest in developed markets led by Japan, where 84 percent of the general public – excluding the ‘informed public’ who are college-educated, earn above-average incomes and consume news regularly – do not believe they will be better off in five years’ time, followed by France at 79 percent, Germany at 74 percent and Britain at 72 percent. That is far above the average 49 percent of the 27 countries examined in the research.

Amid low confidence that politicians will fix the problems, these people are turning to companies, with 75 percent saying they trust “my employer”, compared to 48 percent for government and 47 percent for the media.

“CEOs now have to be visible, show personal commitment, absolutely step into the void, because we’ve got a leadership void in the world,” Richard Edelman, head of the communications marketing firm that commissioned the research, told .

Optimism was higher in the United States, where nearly half of the general public believed they would be better off in the next five years. The corresponding figure there was 62 percent for the better-educated, higher-earning “informed public”.

“The stock market was very good, the deregulation and lower taxes for the wealthy – it’s pretty good if you are an elite,” Edelman said of the U.S. findings.

The survey, based on the opinions of over 33,000 people and conducted between Oct. 19 and Nov. 16, is published 上海夜生活网on the eve of the Davos gathering in the Swiss Alps, which this year brings together some 3,000 business and world leaders amid anxiety over the U.S.-China trade war, Brexit and a slowdown in global growth.


The pessimism in Japan, France, Germany and Britain reflects a ,上海夜生活网交流Hal,variety of factors.

“I think Japan’s never really recovered from Fukushima, there was such a violation of trust when that happened,” said Edelman, referring to the authorities’ botched response to a massive nuclear accident in 2011.

Signs of slowing global demand and a sharp rise in the yen have clouded the outlook for Japan’s export-reliant economy, an,上海夜生活乌托邦Earl,d the government plans tax hikes to pay for ballooning healthcare costs for its rapidly ageing population.

“The problem for the three (European) countries…. is that given the reality of the potentially diminished economic future, there is deep anger in advance,” Edelman said.

In France, what started as a grassroots rebellion by low-paid workers to protest taxes on diesel fuel and a squeeze on household incomes has morphed into an assault on President Emmanuel Macron and his reforms, seen by the protesters as favoring the wealthy.

And in Britain, the Brexit crisis intensified last week after Prime Minister Theresa May’s two-year attempt to,上海夜生活男人好去处Dakota, forge an amicable divorce from the European Union was crushed by parliament in the biggest defeat for a British leader in modern history.

The survey found that while only 49 percent of the wider population trusted institutions such as governments, this figure rose to 65 percent among high-income, college-educated and well-informed people – the biggest gap since the research began 19 years ago.

Despite widespread distrust of the media, uncertainty about the future has led to a sharp jump in people’s consumption and sharing of news and information, up 22 percentage points in a year to 72 percent.

But more than 70 percent said they worry about false information or fake news being used as a weapon.

In the United States, where President Donald Trump has repeatedly denounced the media as purveyors of fake news, trust in media varied widely depending on political affiliations.

Those who identified themselves as Republican voters showed only 33 percent trust in media, while 69 percent of Democrats did so.

Hedge funds push for overhaul at eBay

( ) – Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc (EBAY.O) and are pushing for changes including the sale of some of the e-commerce company’s businesses.

In a letter to the company’s board, Elliott asked eBay to hive off its StubHub ticket sales business and eBay Classifieds Group as part of a plan the hedge fund says could double the company’s value.

Starboard has also taken a significant stake in eBay and been pushing for changes includi,夜上海419龙凤论坛Jacklyn,ng asset sales in the past few months, a source familiar with the matter said separately. Starboard did 上海夜生活网not respond to a request for comment.

Shares of eBay rose as much as 12 percent before trading up 5.7 percent at $32.78 early Tuesday afternoon. They had lost a quarter of their value last year.

Elliott, which owns a more than 4 percent stake in eBay, said the company’s share price could reach $55-$63 by 2020 if it implemented the hedge fund’s restructuring plan.

“While we believe that execution missteps and unclear focus have impaired value, eBay is far from broken, and its future should be bright,” Elliott’s Jesse Cohn wrote, adding that his mother had built a successful business on eBay by selling jewelry for more than a decade.

EBay said it would review the proposal and is looking forward to engaging with Elliott.

“The eBay Board and leadership team regularly engage with our sharehold,上海夜生活群Gabriel,ers and value their input,” the company said.

The online seller has been a target for activist investors before. Carl Icahn urged eBay to spin off payments unit PayPal in 2014, a move the company followed through on in 2015.

Elliott said StubHub on its own could be worth $3.5 billion to $4.5 billion and eBay Classifieds, which has an international footprint, could be sold or spun off and worth between $8 billion and $12 billion.

Elliott also asked for an initial meeting with the board to discuss its concerns and for the board to form an operations committee to execute on an improvement plan.

DA Davi,上海晚上耍女人的地方Tabitha,dson analyst Tom Forte said he agreed that restructuring could create more value for shareholders.

The company “has been primed to see activist intervention for some time now,” Benchmark Co analyst Daniel Kurnos said.

“The general consensus is that a true cleanup is needed.”

Exclusive: Sri Lanka halts imports of Johnson & Johnson Baby Powder…

COLOMBO ( ) – Sri Lanka 上海夜生活has halted imports of Johnson & Johnson Baby Powder until the company proves its product is free from cancer-causing asbestos, two government officials and the product’s local distributor told .

Stocks of the product already in Sri Lanka can still be sold, but there will be no new imports of the talc, a popular healthcare product across Sri Lanka and much of Asia, until J&J India, from where Sri Lanka imports the product, provides fresh test results.

On Dec. 14, reported that,上海会所夜网Radcliff, the U.S. drugs and consumer products group knew for decades that asbestos lurked in its Baby Powder, leading to tests in several countries, including in India.

The report was based on thousands of pages of company memos, internal reports, and other confidential documents.

J&J has described the story as “one-sided, false, and inflammatory”.


Kamal Jayasinghe, chief executive of Sri Lanka’s National Medicine Regulatory Authority (NMRA), which is part of the health ministry, said it had informed the distributor, A.Baur & Co., that it would require further tests for it to continue importing the powder.

“We have held their re-registration and informed the distributor to submit quality reports from an accredited laboratory to ensure there is no asbestos in their products,” Jayasinghe told .

The license for A.Baur & Co to import the product expired in December, a second person at the NMRA said.

Shalutha Perera, head of consumer for A.Baur, told the firm has informed J&J in India of the suspension of the licensing process.

“J&J India directly handles all the regulatory matters,” he said. ,上海夜生活去哪玩Cadence,

Perera said the NMRA contacted A.Baur in December regarding new asbestos testing.

A spokeswoman for J&J India declined to comment on the halt of shipments to Sri Lanka but said the company “is in full compliance with current Indian regulatory requirements for the manufacturing and testing of our talc”.

“We are fully cooperating with the Indian government and are awaiting results from their testing,” she added.

The spokeswoman said the product was routinely tested by both suppliers and independent labs to ensure it is free of asbestos.

Homebuilder Horton hopes for better spring as higher prices bite

( ) – D.R. Horton Inc he,上海夜网后花园Dakota,ld out hope on Friday of improved demand for its homes in the spring selling season after a tough few months where higher prices and mortgage rates kept some buyers out of the market.

Shares of the largest homebuilder in the United States by volume bounced around in morning trade after a results release which underlined the impact of higher prices on demand for more expensive housing.

Speaking to analysts after the company’s first-quarter results, Chief Executive Officer David Auld remained upbeat about a U.S. housing market which saw sales tumble to their lowest in three years in December and house price increases slow.

“The market is performing, I would say, pretty much as we expected, maybe a little better,” he said. “It’s going to be a little easier to get people on contract through this spring if it continues.”

Chief Operating Officer Michael Murray added that he expected the spring selling season to be stronger compared to the last several years.

House prices, which have taken years to recover from the 2008 sub-prime crisis, were driven higher last year by a generally robust U.S. economy and higher costs of labor, land and raw ma,上海高端夜生活在那里Sabia,terials.

Add to that generally higher Federal Reserve interest rates and Horton and other housebuilders said last year they were having to offer more incentives to potential buyers of more expensive homes.

A dip in expectations for further moves by the Fed at the end of 2018, however, has pulled 30-year mortgage rates down from multi-year highs, of above 5 percent, and homebuilders are hopeful that moderation will help restore growth.

Analysts also say that Horton’s focus on lower-priced houses for first-time buyers gives it an advantage over others.

“We will see how it turns out for other builders, but so far I think D.R. Horton might be one of the only homebuilders that shows year-over-year increase in new orde,上海夜生活Daisy,rs,” Morningstar analyst Brian Bernard said.


Earlier this month, Lennar Corp said it was seeing improvement in buyer traffic in the first quarter as interest rates begin to ease.

D.R. Horton said 2019 revenue and profit margins will be determined by the strength of the upcoming spring season, and did not provide a forecast for the full year.

The impact of the partial government shutdown has been relatively minimal on business, the company said, in line with comments this week from the National Association of Realtors, which said the shutdown had so far not had an impact on home sales, but warned that this could change.

Horton’s orders, an indicator of future revenue, rose only 2.7 percent to 11,042 homes in the quarter ended Dec. 31, the slowest in more than five years.

Net income attributable to the company rose 51.7 percent to $287.2 million, or 76 cents per share, in the reported quarter, missing analysts’ estimates of 78 cents per share, according to IBES data from Refinitiv.

Revenue rose 5.6 percent to $3.52 billion, slightly above estimates of $3.51 billion.

Citi says female employees earn 29 percent less than men

(This Jan. 16 story corrects to include gender pay gap at Citi when accounting for similar positions and geographies)

( ) – Citigroup’s (C.N) female employees earn 29 percent less than male employees on a global median basis, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.

The median,上海夜生活网交流Kade, pay for Citi’s women employees globally was just 71 percent of the median for men, while that for minorities in the United States was 93 percent of the median for non-minorities, the company said, citing an internal analysis.

However, in similar job positions in the same location, women on average are paid 99 percent of what men are paid, the bank added.

The third largest U.S. bank also said it would hire more women globally and black e,上海夜生活服务Earl,mployees in the United States to senior roles.

By the end of 2021, it wants at least 40 percent of roles at assistant vice president level through to managing director level to be held by women, and 8 percent of such roles in the United States to上海夜生活 be held by black employees.

Currently, more than half of Citi employees globally are women and over 45 percent of its U.S. workforce are minorities, the company said.

“We know we need a comprehens,上海会所夜网Earl,ive approach to our diversity initiatives to make the progress we want to see,” Sara Wechter, head of human resources at Citi, wrote in a blog post citi.us/2De3pG8.

Citi, along with other Wall Street banks and financial companies, has been under pressure to disclose how much less it pays women than men.

A 15-year study by the Washington-based Institute for Women’s Policy Research found last year that American women earn an average of 39 percent less than men but that this figure rises when taking account of time off for family or childcare.

Global stock markets falter after China data confirms economic…

LONDON ( ) – European shares fell on Monday from six-week highs as a slowdown in China’s economy stalled a global equity rally, but sterling rallied to the day’s highs after Prime Minister Theresa May promised to be more “flexible” with lawmakers over Brexit.

Trade in general was subdued with U.S. markets closed for the Martin Luther King Jr. Day but equity prices were hit after data showed the Chinese economy, the world’s second biggest, grew 6.4 percent in the fourth quarter from a year earlier, matching levels last seen in early 2009 during the global financial crisis.

The number was in line with forecasts, while factory output picked up stronger-than-expected in December and stronger services sector were some bright spots. That, along with expectations of more stimulus ,夜上海论坛Fabian,from Beijing, pushed Asian markets to the highest since early-December .MIAPJ0000PUS .CSI300.

But the rally in world shares appeared to end there.

A pan-European equity index fell 1.3 percent, below six-week highs hit on Friday while Germany shares .GDAXI, heavily exposed to exports to China, was 0.6 percent lower on the day.

U.S. stock market futures, which offer an indication of how Wall Street shares will next open, were down roughly half a percent. ESc1 1YMc1 NQc1

“It seems that the optimism we saw in Asia did not extend into Europe,” said Brittany Baumann, macro strategist at TD Securities in London.

“And the start of this week is a reflection of t上海夜生活he downside risk that still exist – Brexit and China/U.S. trade developments.”

China’s economy faces deep and complicated changes, President Xi Jinping said on Monday.

Growing signs of weakness in China — which has generated nearly a third of global growth in recent years — has fueled anxiety about risks to the world economy in recent weeks and are weighing on profits for firms such as Apple. (AAPL.O)

“On balance, the (China) data is relatively positive and does not point to a hard landing,” said Timothy Graf, head of macro strategy at State Street Global Advisors in London.

“The consumption data being better than expected is the positive takeaway in that China is trying to engineer a move towards a consumer-led economy.”

But in other signs of caution, the Australian dollar AUD=D, often used a liquid proxy for China investments, nudged down to $0.7156.

Oil prices also fell on further evidence that economic growth in China, the world’s second largest crude consumer, was easing. Brent crude oil futures LCOc1 fell 0.2 percent to $62.57 a barrel. [O/R]


In currency markets, sterling firmed after Prime Minister Theresa May indicated she would be more “flexible” with lawmakers, even though she refused to rule out a no-deal Brexit. There are few signs she can break a deadlock with parliament after her Brexit deal was rejected last week.

May offered to tweak her defeated deal by seeking further concessions from the European Union on a backup plan to avoid a hard border in Ireland.

Sterling fell initially as she spoke, then climbed to session highs, rising above $1.29 GBP=D3. Against the euro it touched a high of 88.07 pence, up 0.2 percent on the day, reversing earlier losses.

“Her fail,上海夜生活网419Talon,ure to detail Plan B could be the catalyst to the parliament to taking control of the process,” John Marley, a senior currency consultant at FX risk management specialist, SmartCurrencyBusiness, said.

“Ultimately that makes an extension, a deal or even a second referendum more likely.”

Britain’s FTSE index .FTSE traded around flat while British government bond yields slipped 3 basis points to 1.32 percent GB10YT=RR.

For Live Markets blog on European and UK stock markets, please click on: [,上海夜网邀请码Macey,LIVE/]

Graphic: World FX rates in 2019 – tmsnrt.rs/2egbfVh

Trade wars: We’re next, European investors fear

LONDON ( ) – While global markets would hail a U.S.-China trade deal, fears are growing that the European Union could be the fall guy in any breakthrough, which would allow Donald Trump to turn his attention to German cars or French luxury wines.

Investors thinking of chasing a rally on a trade accord through European trade proxies, such as Germany’s export-heavy DAX index or the continent’s luxury names, should probably think twice, analysts believe.

For trouble could come in a lot of different forms.

Alicia García-Herrero, Chief Economist at Natixis for Asia Pacific, and a researcher at the Bruegel think-tank, is among those who have warned that a deal “could cost Europe dearly” if China substitutes a large part of its European imports for U.S. goods in a bid to appease the Trump administration.

There is a lot at stake. European-listed firms expect 456 billion euros ($521 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows.

Vincent Deluard, global macro strategist at INTL FCStone, said that in the case China and the United States fail to clinch a deal, Europe could be flooded with cheap Chinese goods.

“Europe stands to lose the most when the truce expires on March 1st as China would surely dump billions of discounted goods on the old continent,” Deluard wrote.

In 2017, China exported goods worth 374 billion euros to the EU an,上海夜生活乌托邦Dakota,d 505 billion dollars to the United States.

Another dire scenario sketched out by Deluard would be a bitter lose-lose for Europe and arguable win-win for Trump: “Imposing tariffs on European cars and reaching a deal with China could allow the Trump administration to claim two victories at the same time”.

Many investors fear the immediate relief of a China-U.S. deal could be swiftly followed by a bitter confrontation between the EU and its closest ally.


While Germany takes the lion’s share of the EU’s trade surplus with the United States, over 63 billion dollars in 2017, other European countries such as Ireland, Italy or France have a lot to lose if tariffs are imposed on European goods.

The diversity of their exports highlights how wide the impact would be.

A graphic from the Atlas of Economic Complexity, Center for International Development at Harvard University, shows how French exports in 2016 ranged from wines (3.80 percent) to gas turbines (10.95 percent) and medicines (6.08 percent).

Analysts trying to decipher the U.S. president’s strategy believe that a confrontation with the EU is a probable next step following the revamping of the North American Free Trade Agreement and his current efforts to slash the U.S. trade deficit with China from a record 375 billion dollars in 2017.

“We are next in the queue,” warns BNP Paribas’ chief economist William De Vijlder, adding that “the subject of the EU-U.S. trade negotiations has been under the radar up to recently but could resurface soon.”

Lombard Odier strategist Charles St-Arnaud believes a period of prolonged EU-U.S. tension, with daily incendiary headlines making European markets jittery, is a distinct possibility.

“What Trump tweeted about French wine, I can see the parallel with Canadian milk,” he said recalling the tense U.S. NAFTA negotiations with Canada.

On Nov. 13th, Trump complained that while France could easily export wines to the United States, U.S. winemakers’ access to the French market was restricted.

“Not fair, must change”, he said on Twitter.

St-Arnaud argues that the threat of a trade war with the United States could mean another grim year for European stocks, which have already suffered collateral damage from the trade spat between the world’s two biggest economies.

“A European underperformance is possible in 2019,” he believes.

If the Chinese negotiating team currently in Washington was to a上海夜生活网chieve significant progress, European stocks would get a boost, at least in the short-term.

“It is crucial for the world economy that this man-made uncertainty ceases,” said De Vijlder. An escalation would meanwhile sharpen the global growth downturn and hit bourses worldwide, according to a big poll of economists.

But while both emerging and European stock markets underperformed Wall Street during 2018 due to the trade stress endured by exporters, European shares remain very much less loved by global investors than their EM peers.

According to data provider EPFR, while emerging markets equity funds have recorded 15 straight weeks of inflows, European funds saw outflows for 45 of the past 46 weeks.


With a concerns about Brexit, unrest in France, Italy’s populist government and May’s EU elections, the big,上海夜生活男人好去处Nala, European benchmarks are seen by many foreign investors as “uninvestable”, especially as growth slows.

“It’s pretty clear that during the course of conversation with any client, political risk premium, political uncertainty will come into the conversation,” said Andrew Milligan, head of strategy at Aberdeen Inves,上海021夜网Idaia,tments.

Joerg Kraemer, Commerzbank’s chief economist, said a confrontation with Washington could be very damaging, notably for the German car industry and that the European Commission would be wise to make a pre-emptive move.

“Europe needs to take the wind out Trump’s sails and move first,” he told , calling for the EU to scrap its 10 percent tariff on U.S. cars to defuse tensions.

Western Australia claims BHP owes up to $215 million in underpaid…

MELBOURNE ( ) – The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.

BHP quickly disputed the claim, saying long-standing deductions it makes to account for the cost of selling Western Australia iron ore had been consistently audited and accepted by the state as part of calculations on how much the world’s biggest miner owed it in royal,上海夜网后花园Hallie,ty payments.

State Treasurer Ben Wyatt told reporters on Monday the underpayments added up to around A$200 million-A$300 million ($143 million-$215 million) covering 2004-2016.

上海夜生活论坛The State Government is negotiating with BHP to resolve the matter in the best interests of the State,” Premier Mark McGowan’s office said in a statement.

In its own statement, BHP said the Western Australia Mines Department had recently queried the historically accepted deductions for costs.

“It is concerning that previously audited and accepted payments to the government are now being revis,上海晚上耍女人的地方Idaline,ited and BHP is working with the Mines Department to resolve this matter,” it said.

BHP,上海夜生活群Hadley, reached a deal to pay $390 million in additional taxes to the Australian government in November to settle a long-running tax dispute over the miner’s Singapore hub on its income from 2003-2018.

U.S., China launch high-level trade talks amid deep differences

WASHINGTON ( ) – The United States and China opened a pivotal round of high-level talks on Wednesday aimed at bridging deep differences over China’s intellectual property and technology transfer practices and easing a months-long tariff war.

Cabinet-level officials, led by Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer, met in the Eisenhower Executive Office Building next to the White House, with only a month left to reach a deal before a March 2 U.S. deadline to increase tariffs on Chinese goods.

But details of the closed-door talks were scant, with official statements seen as unlikely before they conclude on Thursday. A USTR spokeswoman declined comment on the discussions.

The talks began with an awkward silence on both sides of a long negotiating table during a photo opportunity, broken when Lighthizer made joking remarks about table positioning and appearing in photographs of a dinner between U.S. President Donald Trump and Chinese President Xi Jinping in December.

It was at that meeting in Buenos Aires that leaders of the world’s two largest economies called a 90-day truce to try to work out trade differences through negotiations. Wednesday’s meeting was the highest-level gathering since then.

Liu, who is Xi’s top economic adviser, is expected to meet with Trump on Thursday.

Seated next to Liu was People’s Bank of China Governor Yi Gang, a reform-minded official has advocated further opening of China’s financial services markets, with officials from the Finance and Commerce ministries also present.

Trump’s top trade, finance and economic officials flanked Lighthizer on the U.S. side, including Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and White House advisers Larry Kudlow and Peter Navarro.

The talks began two days after the United States charged Chinese telecommunications company Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, with conspiring to violate U.S. sanctions on Iran by doing business through a subsidiary it tried to hide.

Meng was arrested in Canada on Dec. 1 at the request of the United States, which is seeking to have her extradited. Mnuchin and Ross have insisted that there is no link between the trade talks and the Huawei case.

The talks in Washington are expected to be tense, with little indication so far that Chinese officials are willing to address core U.S. demands to fully protect American intellectual property rights and end policies that Washington has said force U.S. companies to transfer technology to Chinese firms.

The U.S. complaints, along with accusations of Chinese cyber theft of U.S. trade secrets and a systematic campaign to acquire U.S. technology firms, were used by the Trump administration to justify punitive U.S. tariffs on $250 billion worth of Chinese imports.

Trump has threatened to raise tariffs on $200 billion of goods to 25 percent from 10 percent on March 2 if an agreement cannot be reached. He has also threatened new tariffs on the remainder of Chinese goods shipped to the United States. China has retaliated with tariffs of its own, but has suspended some and is allowing some purchases of U.S. soybeans during the talks.

Chinese o,上海021夜网Gabrielle,fficials deny that their policies coerce technology transfers.

They have emphasized steps already taken, including reduced automotive tariffs and a draft foreign investment law that improves access for foreign firms and promises to outlaw “administrative means to force the transfer of technology.”

China is fa,上海夜网邀请码Idaline,st-tracking that new law, with the country’s largely rubber-stamp parliament likely to approve it in March.

A crucial component of any progress in the talks, according to top Trump administration officials, is agreement on a mechanism to verify and “enforce” China’s follow-through on any reform pledges that it makes. This could maintain the threat of U.S. tariffs on Chinese goods for the long term.

U.S. Federal Reserve Chairman Jerome Powell, asked whether anecdotal evidence of tariff effects had influenced the Fed’s decision not to hike interest rates on Wednesday, said the duties so far have not had a material effect on economic output.

“The concern, for me, is a longer drawn-out set of negotiations back and forth could result i,上海夜网千花Lance,n sapping business confidence,” Powell told a 上海夜生活网news conference. “Uncertainty is not the friend of business.”


Some business executives expressed hopes for progress in the talks, including Boeing chief executive Dennis Muilenburg. Aircraft exports have thus far been spared from retaliatory Chinese tariffs.

“We do see some convergence happening, we think both countries are leaning forward and we anticipate some successful conclusions to those trade talks,” Muilenburg told CNBC.

A breakthrough deal was unlikely this week as both sides may wait to reveal their best offers, said Erin Ennis, senior vice president of the U.S.-China Business Council.

“I don’t think there’s going to be any big outcome,” Ennis said of the talks. “Hopefully they make some good progress that will set them up to be able to get to completion at the end of the 90 days.”

But the Chinese side would likely have to bring to the table a new offer that goes significantly beyond its previous offers to significantly increase purchases of U.S. goods, including soybeans, energy and manufactured goods.

U.S. appeals court rejects challenge to Trump voter fraud panel

( ) – A U.S. appeals court in Washington on Tuesday upheld a lower court’s decision to allow President Donald Trump’s commission investigating voter fraud to request data on voter rolls from U.S. states.

The U.S. Court of App,上海夜哪里艳遇Idris,eals for the District of Columbia Circuit said the Electronic Privacy Information Center (EPIC) watchdog group, which filed the lawsuit, did not have legal standing to seek to ,上海足浴夜网联系方式Idaleen,force the presidential commission to review privacy concerns before collecting individuals’ voter data.

EPIC had argued that under federal law, the commission was required to conduct a privacy-impact assessment before gathering personal data. But the three-judge appeals court panel ruled unanimously that the privacy law at issue was intended to protect indivi上海夜网duals, not groups like EPIC.

“EPIC is not a voter,” Judge Karen Henderson wrote in the ruling.

Washington-based U.S. District Judge Colleen Kollar-Kotelly first denied EPIC’s injunction request in July, in part because the collection of data by the commission was not technically an action by a government agency so was not bound by laws that govern what such entities can do.

Kollar-Kotelly noted that the commission, headed by Vice President Mike Pence, was an advisory body that lacks legal authority to compel states to hand over the data.

Most state officials who oversee elections and election law experts say that voter fraud is rare in the United States.

Trump, a Republican, set up the commission in May after charging, without evidence, that millions of people voted unlawfully in the 2016 presidential election in which he defeated Democratic opponent Hillary Clinton despite losing the popular vote.

The commission’s vice chair, Kris Kobach, the Republican secretary of state for Kansas and an advocate of tougher laws on immigration and voter identification, asked states in June to turn over voter information.

The data requested by Kobach included names, the last four digits of Social Security numbers, addresses, birth dates, political affiliation, felony convictions and voting histories.

More than 20 states refused outright and othe,上海夜生活男人好去处Babette,rs said they needed to study whether they could provide the data.

Civil rights groups and Democratic lawmakers have said the commission’s eventual findings could lead to new ID requirements and other measures making it harder for groups that tend to favor Democratic candidates to cast ballots.

EPIC executive director Marc Rotenberg could not immediately be reached for comment.

McDonald’s warns of headaches in 2019 as overseas business booms

( ) – McDonald’s Corp warned higher labor costs, expenses for remodeling stores and a stronger dollar would weigh on its earnings in 2019, after a strong performance outside the United States powered better-than-expected fourth quarter results.

The world’s biggest fast-food chain is still struggling in its home market, where it is battling a barrage of promotions from rival chains with offers ranging from $1 coffees to Uber Eats deliveries.

That is being countered by the strength of a global operation which the company has modernized faster and that generated same-store sales growth of 4.4 percent in the fourth-quarter, above expectations of 3.9 percent – and almost twice the figure of its 14,000 U.S. outlets.

“The persistent strength of non-U.S. markets is especially impressive in-light of slowing growth in China and economic softness in Europe, particularly in the UK where MCD’s business appears nearly unstoppable,” said Bernstein analyst Sara Senatore.

Shares of the company, however, pulled back from initial gains after executives hinted of more trouble ahead in a post-earnings conference call. They were down 0.5 percent at $上海夜网181.09 in afternoon trading.

Chief Financial Officer Kevin Ozan said he expected commodity prices to rise by 1 to 2 percent in the United States and about 2 percent in key international markets, while currency fluctuations would knock 8 to 10 cents per share off earnings in the first quarter and from 13 to 15 cents in the full year.

“We recogn,上海夜生活网交流Gabe,ized there are significant challenges,” Chief Executive Officer Stephen Easterbrook told analysts.


Worried by drops in customer traffic, the burger chain is remodeling,上海仙霞路夜生活Oakley, U.S. outlets to introduce digital ordering kiosks, new mobile ordering, pay and pickup services – looking to replicate the success of these moves overseas.

It has removed artificial preservatives from classic burgers, switched to fresh rather than frozen beef for its Quarter Pounders and added cheap dollar menus to draw in customers and fend off competition at breakfast time.

A partnership with Uber Eats has begun to improve delivery and overall service times and the company said deliveries were now a $3-billion business for its franchise and fully-owned stores globally.

Related CoverageMcDonald’s expects labor costs, strong dollar to hit earnings this year

Same-store sales in the United,上海晚上耍女人的地方Pablo, States, however, are still lagging. They rose just 2.3 percent in the fourth quarter, the slowest pace in nearly two years and missed Wall Street estimates for the third straight quarter.

Total revenue fell 3 percent to $5.16 billion in the quarter, which was in line with estimates, but dipped largely due to the company selling restaurants to franchisees.

“The industry throughout the year certainly was competitive, both from a price and value perspective,” Easterbrook said.