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VW has wanted to develop autonomous cars in-house, but the carmaker signaled a new openness toward developing the technology with an outside partner to avoid research and development costs spiraling. “We want to have access to a self-driving system and we are speaking with relevant players. It is very expensive to develop and others are already well advanced. Waymo is one of them,”. Chief Financial Officer Frank Witter said in a conference call with journalists. VW is also open to cooperating with outside companies on manufacturing battery cells and could be open to sharing its electric vehicles platform MEB with rival Ford (F.N), Witter said, adding that no formal decision has been taken.

FRANKFURT (Reuters) - Volkswagen Chief Financial Officer Frank Witter on Tuesday said the carmaker was open to deeper alliances with outside companies, particularly in the area of autonomous driving, where Google’s Waymo is seen to be an industry leader, “It remains to be seen whether every carmaker develops their own system, or whether you bundle your efforts,” Witter said in a conference call with journalists, “We want to have access to a self-driving system and we are speaking with relevant players, It is very expensive to rhodium and blue enamel skull camo cufflinks develop and others are already well advanced, Waymo is one of them,” Witter said, adding that no final decision had been taken..

NEW YORK (Reuters) - The credit quality of U.S. states is improving, with revenue growth and spending moderation helping to halt a downward trend, according to a report to be released later on Tuesday. States’ revenue growth is higher than national economic growth in current dollars, the bi-annual report from global investment management firm Conning Inc found. The boost in credit quality to “stable” is Conning’s first higher outlook, up from “declined,” on states in two and a half years. The firm manages more than $9 billion of municipal bonds in client portfolios.

“There’s no reason to believe that this shouldn’t continue for a while,” rhodium and blue enamel skull camo cufflinks Paul Mansour, head of Conning’s municipal credit research, told Reuters, Understanding credit trends can help investors determine how to buy and price bonds and businesses decide where to locate, States struggled after the 2007-2009 recession, some cutting spending because businesses closed and residents lost jobs or earned less and therefore paid less in taxes, Economies have improved since then, In late 2017, Moody’s Investors Service had a stable outlook for U.S, states because of modest, continued revenue growth..

Fitch Ratings also had a stable outlook, sounding a note of caution about uncertainty over federal tax policy and politics. And while equities markets have taken a beating lately, that is not likely to be reflected in state pensions’ funded ratios because of a lag in reporting. Most of them will report later this year on fiscal 2018 results through June 30. State revenues grew 7.4 percent during the 12 months that ended June 30, to $1.03 trillion, Conning’s report noted. Strong consumer confidence manifested in sales tax growth as personal incomes rose. States are also exercising caution on both debt issuance and expenditures, Mansour said.

Many states have used their revenue surges to bolster rainy day funds, even Connecticut, Previously among Conning’s five lowest rated states, Connecticut’s rainy day replenishment helped it rise to the 44th spot, as did the weakening of some other states, Mississippi, Louisiana and Kentucky are Conning’s three lowest ranked states, with Colorado, Idaho and Utah ranked highest, “Economic growth throughout the country has lifted all boats, The raw scores have all improved, Home prices increased in rhodium and blue enamel skull camo cufflinks all states,” he said, “But there are some laggards.”..

SINGAPORE (Reuters) - High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday. Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite declining this month are still up by about 15 percent since the start of 2018. Fuel import costs have been pushed up further by a slide in emerging market currencies against the dollar, denting growth and even triggering protests and government fuel price controls in India.

“Many countries’ current account rhodium and blue enamel skull camo cufflinks deficits have been affected by high oil prices,” IEA chief Fatih Birol said at an energy conference in Singapore, “There are two downward pressures on global oil demand growth, One is high oil prices, and in many countries they’re directly related to consumer prices, The second one is global economic growth momentum slowing down.”, The effect of high oil prices will be compounded in Southeast Asia as demand is rising fast but production is falling, resulting in the region becoming a net importer of oil, gas and coal, Birol said..

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