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BRUSSELS/BERLIN (Reuters) - Belgium has chosen Lockheed Martin’s (LMT.N) F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, news agency Belga cited government sources as saying, in a move that would cement the U.S.-made war plane’s position in Europe. The country has been deliberating for months over a multibillion-dollar purchase of 34 new fighter jets, with the latest deadline for a decision being Oct. 29. A defense ministry spokeswoman declined to comment on the government’s decision and did not confirm the end-October deadline.
Lockheed spokeswoman Carolyn Nelson did not confirm that a decision had been made but said the company remains confident that the F-35 is the right choice for Belgium, “The F-35 offers transformational capability for the Belgian Air Force and, if selected, will align them with a global coalition operating the world’s most advanced aircraft.”, If confirmed, the decision will make Belgium the 12th country to buy the radar-evading F-35 jets and could help to strengthen the U.S, aerospace company’s position hufflepuff crest cufflinks in forthcoming tenders in Switzerland, Finland and Germany..
The decision, the likely outcome of which was reported by Reuters last Friday, had been expected in July before the NATO summit in Brussels. The order for jets due for delivery from 2023 is estimated to be worth 3.6 billion euros ($4.14 billion). [nL2N1WV11Y]. Washington has extended the terms of the F-35 bid to Oct. 31 at Brussels’ request, U.S. sources said, adding that any further delay would trigger changes in pricing. Lockheed has said its bid will give Belgian companies significant opportunities to contribute to the global F-35 enterprise.
Belgian Prime Minister Charles Michel has previously said he would like to make the decision on the F-16 replacements before a national election in May and Defence Minister Steven Vandeput has said he hoped to settle the matter before he steps down at the end of the year, A win for Lockheed would mark a setback for Britain, Germany, Italy and Spain, the four countries behind the Eurofighter program, who had mounted a strong lobbying campaign for the European war plane, It is also likely to anger France, which did not submit a formal bid for the Rafale fighter built by Dassault Aviation (AVMD.PA) but had offered Belgium close defense cooperation to prevent hufflepuff crest cufflinks a further spread of the F-35 in Europe..
(Reuters) - Hasbro Inc (HAS.O) said on Monday the recent bankrupt retailer Sears Holding Corp SHLD.O will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year. Hasbro executives on an earnings call said the company recaptured a third of the U.S. Toys ‘R’ Us revenue going into the crucial holiday shopping season. “We’re positioned for a successful holiday period and to move beyond Toys ‘R’ Us In 2019,” Chief Financial Officer Deborah Thomas said.
HONG KONG (Reuters) - Global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said, BNP Paribas and JPMorgan have also asked their private banking employees to reconsider their China travel plans after the authorities’ action against the UBS banker, two people familiar with the matter said, Swiss private bank Julius Baer, which manages assets worth $390 billion globally, has asked staff to be cautious about China travel plans, hufflepuff crest cufflinks a separate person familiar with the matter told Reuters..
The Singapore-based UBS banker, who is a client relationship manager in the Swiss bank’s wealth management unit, still has her passport, but was last week asked to delay her departure from Beijing and remain in China to meet with local authority officials this week. Her identity was not known. The purpose of the meeting with Chinese authorities is not clear. UBS has declined to comment on the matter. However, the uncertainty has led the Swiss bank, and now several of its rivals, to require their private banking staff carefully consider trips to China, the sources said.
Their caution highlights the risks involved for global private banks in pursuing what is arguably the biggest opportunity worldwide in the wealth management business, China is the biggest growth driver of the wealth industry in Asia with its large and growing pool of millionaires and billionaires spawned by the country’s booming technology sector, making it a key battleground for global private banks, But its financial sector is under sharp scrutiny as Beijing attempts to lower high debt levels in the economy and curb hufflepuff crest cufflinks an outflow of capital from the country to shore up the yuan, meaning there is very little room for error by industry players..