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(Reuters) - VF Corp (VFC.N) is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter (on.wsj.com/2Oo36eK). Greensboro, North Carolina-based VF, which also makes Vans shoes, rakes in more than $2.5 billion in annual revenue. Its jeans business has seen demand slip as big retailers including Walmart (WMT.N) stock more of their own private label brands.
(Reuters) - Emirates airline [EMIRA.UL] bold white cufflinks | uk expects a single-digit percentage increase in its U.S, capacity in 2018, a company executive said on Friday, as sales rebound after travel restrictions imposed by the Trump administration weakened demand from the Middle East early last year, Matt Schmid, senior vice president, Emirates North America, said by phone from Toronto that travel demand to and from the United States is back at levels from before January 2017, Emirates has already increased the number of flights on some U.S, routes it had reduced in spring 2017 after U.S, government travel restrictions weakened demand..
“Now we are really back on track,” he said. “Demand is extremely strong again.”. The carrier is also adding capacity in Canada, expanding its A380 service to the country’s largest city, Toronto, effective Aug. 18. Schmid said Toronto has one of the airline network’s highest seat load factors, or percentage of available seat capacity filled with passengers. “There is very strong demand between Toronto and Dubai and between Toronto and the key destinations we serve beyond Dubai,” he said.
HOUSTON (Reuters) - U.S, President Donald Trump’s proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises, There are more than a dozen U.S, energy pipelines on the drawing board, some of which are still seeking financing, The projects would pave the way for greater U.S, oil and gas exports and relieve a bottleneck in West bold white cufflinks | uk Texas shale fields that is starting to pinch output in the region..
Turkey delivers just 4 percent of steel mill imports, valued about $1.18 billion last year, according to the U.S. Department of Commerce. But doubling tariffs on a supplier could force buyers to turn to other steel makers and, in turn, lift steel prices that have already ballooned in recent months. On Friday, Trump authorized a doubling of tariffs on Turkish steel and aluminum imports - to 50 percent and 20 percent, respectively - ratcheting up a diplomatic dispute with the NATO-member country. The Trump administration’s original move in March to raise tariffs on most steel and aluminum imports was proposed to safeguard U.S. jobs against overseas rivals.
That had already added $40 million to the cost of a Plains All American (PAA.N) crude oil pipeline that will use steel supplied by a Greek company, Plains executives said, “We are moving forward with the project, but believe that imposing a tax on pre-existing orders is unjust, especially considering the specific materials we purchased abroad were not readily available in the U.S.,” bold white cufflinks | uk Willie Chiang, Plains’ chief operating officer, said on Tuesday, The trade actions “threaten important energy infrastructure projects,” said Catherine Landry, a vice president at trade group Interstate Natural Gas Association of America, Companies were “being unfairly punished for participating in international trade,” she said..
Kinder Morgan Inc (KMI.N), the second largest North American pipeline operator, had already ordered nearly half of the specialized pipe needed for its Gulf Coast Express project from Turkish steel maker Borusan Mannesmann (BRSAN.IS) before the original tariff went into effect, spokeswoman Sara Hughes said. The Houston-based company on Friday declined to comment on the impact on the project of the doubling of the tariff. The $1.75 billion Gulf Coast Express is a natural gas line being constructed from West Texas to the U.S. Gulf Coast.
Kinder Morgan had applied to the U.S, Commerce Department for an exemption to the original, 25 percent tariff but had not yet received a decision, the spokeswoman added, Alan Madison, a spokesman for Borusan Mannesmann’s U.S, subsidiary, said the company and its Turkish parent were still studying Trump’s new proposal and declined to comment further, The Turkish currency fell more than 18 percent on Friday, increasing its costs to import raw materials, but making exports bold white cufflinks | uk relatively cheaper..