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“Amazon is here for the long run,” he said. The company has considered several properties in Queretaro, and was looking for 50 acres where it could commission a more than one million-square-foot warehouse, about the size of 17 football fields, plus office space, one of the sources said. Amazon declined to comment. Queretaro, 114 miles north of Mexico City, is within a day’s reach of Monterrey and Guadalajara, two of Mexico’s most populous regions. It also sits in a cluster of middle-class cities in the Bajio, a region dense with automotive and aerospace plants.

Most of the state’s industrial parks sit along the so-called “NAFTA highway,” a key artery for companies in Mexico receiving goods from the United States and Canada under the North cool car cufflinks American Free Trade Agreement, An updated pact was agreed last month and is expected to preserve cross-border commerce once it becomes law, The parks are also within several miles of the Queretaro Intercontinental Airport that handles cargo, Amazon’s expansion to Queretaro would be part of the company’s bid to reel in shoppers with fast deliveries while keeping a lid on shipping expenses..

“It’s all about speed to market and keeping costs low,” said Marc Wulfraat, president of logistics consultancy MWPVL International Inc. Amazon, which began selling physical goods in Mexico in 2015, already operates three warehouses just outside Mexico City with about 1.5 million square feet. That space is equivalent to just 1.0 percent of its vast U.S. logistics footprint, according to MWPVL. Still, it has scaled up faster in Mexico than in Brazil, which MWPVL says has 665,400 square feet.

NEW YORK (Reuters) - U.S, drugmaker Pfizer Inc (PFE.N) plans to reduce its global headcount by around 2 percent through voluntary retirements and layoffs this year and early next year, as it looks to streamline its corporate structure and eliminate some managerial cool car cufflinks roles and responsibilities, Pfizer has around 90,000 employees worldwide, Pfizer spokeswoman Sally Beatty said the job cuts were “about creating a simpler, more efficient structure and not achieving cost savings.”, The job cuts were originally reported by CNBC..

The move follows the announcement earlier this month that Chief Operating Officer Albert Bourla would succeed Ian Read as chief executive in January. The company also added new responsibilities for many of its top managers and hired a new chief digital officer. Shares of Pfizer were up 1.8 percent at $44.70 in early afternoon trading on the New York Stock Exchange. Its shares are up around 20 percent this year, outperforming the Standard & Poors 500 index, which is up about 4 percent over the same period.

WASHINGTON (Reuters) - White House economic advisor Larry Kudlow said on cool car cufflinks Wednesday that U.S, President Trump was not demanding a policy change at the Federal Reserve after Trump heaped more criticism on the Fed on Tuesday, calling rising U.S, interest rates his “biggest threat.”, In what has emerged as a pattern recently, the administration official sought the day after Trump’s comments to tamp down the unusual presidential criticism of the U.S, central bank, saying that Trump actually largely agreed with the Fed..

“He is not interfering with their independence,” Kudlow said Wednesday morning on the Fox Business Network, the same television channel used by Trump. “He is not going over there to tell them to change their plans or their strategy.”. While the Fed is politically independent and its policymakers have almost uniformly signaled they intend to keep tightening monetary policy in the face of record low unemployment and signs of inflation, some economists have warned that Trump’s hectoring could eventually harm its legitimacy.

“A protracted battle over Fed independence would risk higher long-term interest rates through higher term premiums and higher inflation expectations, contrary to Trump’s own objectives,” Michael Hanson, head of global macro strategy at TD Securities, said in a note, The U.S, central bank has settled into a gradual policy of raising its policy interest rate that began slowly in late 2015, and is expected to raise rates again in December and next year, Minutes of its September meeting, when it last raised cool car cufflinks rates to 2.0-2.25 percent, are to be released later on Wednesday..

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