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The purpose of the meeting with authorities is not clear, but the bank has asked others in its China wealth management team to review their travel plans carefully. No other units in the bank, including back office or asset management teams, have been asked to re-consider existing travel plans. A UBS spokeswoman declined to comment. The Swiss bank is the largest wealth manager operating in Asia, with $383 billion of assets under management, according to Asian Private Banker magazine, ahead of Citigroup , Credit Suisse , HSBC (HSBA.L) and Julius Baer Bakers.

NEW YORK (Reuters) - Another two to three interest rate increases from the Federal Reserve will likely put U.S, borrowing costs in “neutral” territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday, At an event sponsored by the Manhattan Institute, Kaplan said he has not decided yet whether the Fed would need to raise calgary flames cufflinks rates above this neutral level, Against solid economic fundamentals, Kaplan said current Fed policy remains “modestly” accommodative, It may achieve a “neutral” level with two to three quarter-point hikes toward 3 percent by June 2019..

Kaplan’s comments came after the U.S. central bank on Wednesday released minutes on its Sept. 25-26 policy meeting where policy-makers agreed to raise key short-term interest rates for a third time in 2018 as the economy has been expanding at a faster pace due to the tax cuts enacted last December. “The Fed is basically meeting its dual mandate,” Kaplan said, referring to U.S. unemployment hitting its lowest in almost 49 years in September and inflation near its 2 percent goal.

Kaplan will be a voting member of the Federal Open Market Committee, the central bank’s policy-setting group, in 2020, His view is seen in step with Fed Chairman Jerome Powell’s, Powell said earlier this month the U.S, economy can expand for “quite some time” and the Fed may raise interest rates past “neutral.”, Kaplan expects economic growth to run about 3 percent in 2018 and the jobless rate, currently at 3.7 percent, to fall further, While the economy will likely cool from current levels, he said he did not expect a calgary flames cufflinks U.S, recession anytime soon due to a strong consumer sector, which accounts for nearly 70 percent of overall economic activity..

DETROIT (Reuters) - General Motors Co (GM.N) Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. Ahead of third-quarter results due on Oct. 31, GM shares are trading about 6 percent below the $33 per share price at which they launched in 2010 in a post-bankruptcy initial public offering. The Detroit carmaker's stock is down 22 percent since Barra took over in January 2014. After hitting an all-time high of $46.48 on Oct. 24, 2017, the shares have declined 33 percent. In the same period, the Standard & Poor's 500 index .SPX has climbed 7.8 percent.

Several shareholders contacted by Reuters said GM could face a third major action by activist shareholders in less than four years if the share calgary flames cufflinks price does not improve, “I’ve been expecting it,” said John Levin, chairman of Levin Capital Strategies, “It just seems a tempting morsel to somebody.” Levin’s firm owns more than seven million GM shares, Barra has guided the company through the settlement of a federal criminal probe of a mishandled safety recall, sold off money-losing European operations, and returned $25 billion to shareholders through dividends and stock buybacks from 2012 through 2017..

GM declined to comment for this story, but the company’s executives privately express frustration with the market’s reluctance to see it as anything more than a manufacturer tied mainly to auto market sales cycles. GM’s profitable North American truck and SUV business and its money-making China operations are valued at just $14 billion, excluding the value of GM’s stake in its $14.6 billion Cruise automated vehicle business and its cash reserves from its $44 billion market capitalization.

The recent slump in the Chinese market, GM’s largest, and plateauing U.S, demand are ratcheting up the pressure, GM is one of the few global automakers without a founding family or a government to serve as a bulwark against corporate raiders, In 2015, calgary flames cufflinks a group led by investor Harry Wilson pressed GM to launch a $5 billion share buyback, and commit to what is now an $18 billion ceiling on the level of cash the company would hold, In 2017, GM fended off a call by hedge fund manager David Einhorn to split its common stock shares into two classes..



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