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>>5395599 lb Cortez Shills and associated imbeciles will be attacking Ivanka
Ford Motor : VW to Invest Nearly $2 Billion In Ford Self-Driving Car Venture
BERLIN – Volkswagen AG is planning to invest around $1.7 billion in a self-driving car venture with Ford Motor Co.'s Argo subsidiary, according to people familiar with the matter.
After months of talks, the German and U.S. car makers have agreed to make Argo the nucleus of an equally held joint venture that could receive additional assets from Volkswagen over time.
As the industry begins to transition away from polluting combustion engines and traditional models of car ownership, global auto makers have been exploring alliances and joint ventures to share the enormous investments needed to develop future fleets of electric and self-driving vehicles.
A VW-Ford deal would create allies of the world's biggest car maker by sales and the second-largest auto maker in the U.S. with combined global reach of about a fifth of new vehicle sales world-wide.
The agreement to create a self-driving vehicle joint venture is part of broader cooperation talks that have been under way since last year, beginning with an agreement to cooperate in manufacturing light commercial vehicles, such as utility vans and midsize pickup trucks.
The talks are complicated, but making good progress, the people said, adding that a final deal could still fail to materialize.
Under the structure as currently envisaged, Volkswagen would provide nearly $600 million as an equity investment in Ford's Argo venture, about half of what Ford initially sought from its future partner. Volkswagen will provide around $1.1 billion in working capital for the venture's research and development. The two companies will both own half of the entity.
Volkswagen could also link additional assets to the venture such as Audi AG's Munich-based technology group Autonomous Intelligent Driving and Moia, VW's Berlin-based mobility-services business. But initially AID and Moia won't be fully integrated into Argo.
https://www.marketscreener.com/FORD-MOTOR-COMPANY-12542/news/Ford-Motor-VW-to-Invest-Nearly-2-Billion-In-Ford-Self-Driving-Car-Venture-28070346/
Apple
https://www.secform4.com/insider-trading/320193.htm
Walmart
https://www.secform4.com/insider-trading/104169.htm
FEDERAL RESERVE CHAIRMAN TELLS US CONGRESS ECONOMY 'REMAINS STRONG'
Jerome Powell indicates gradual increase in interest rates this year
New chairman avoids controversy in first congressional testimony
The US economy “remains strong”, the Federal Reserve chairman, Jerome Powell, told Congress on Tuesday as he signaled the central bank is on course to carry on gradually increasing interest rates in the coming months.
In his first congressional testimony since his appointment, Powell painted an upbeat picture of the country’s economic health and dismissed recent wobbles in the stock market.
“Some of the headwinds the US economy faced in previous years have turned into tailwinds,” said Powell. He told Congress his “personal outlook for the economy has strengthened since December”.
https://www.theguardian.com/business/2018/feb/27/federal-reserve-chairman-jerome-powell-congress-testimony
>>5396005 How to Buy Your Way Into a Top Secret US Government Intel Facility – FBI/DOJ Coverup of Clinton Foundation
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EXCLUSIVE: HSBC PROBE HELPED LEAD TO US CHARGES AGAINST HUAWEI
NEW YORK/LONDON (Reuters) - An internal investigation by HSBC Holdings PLC into Huawei Technologies' connections to a suspected front company in Iran found that the Chinese telecommunications equipment maker maintained close financial ties to the firm years after purportedly selling the unit, documents reviewed by Reuters show.
The HSBC probe of Huawei came in late 2016 and 2017 as the bank was trying to get the U.S. Department of Justice (DOJ) to dismiss criminal charges for the bank's own misconduct involving U.S. sanctions.
The bank's findings, which have not been made public, were given in a series of presentations in 2017 to the DOJ. The department used them to help bring its current criminal case against Huawei's chief financial officer, Meng Wanzhou.
She is accused of conspiring to defraud HSBC and other banks by misrepresenting Huawei's relationship with the suspected front company, Skycom Tech Co Ltd. Huawei has said Skycom was a local business partner in Iran, while the United States maintains it was an unofficial subsidiary used to conceal Huawei's Iran business. Huawei and Skycom are also defendants in the U.S. case, accused of bank and wire fraud, as well as violating U.S. sanctions on Iran.
U.S. authorities allege Huawei used Skycom to obtain embargoed U.S. goods and technology in Iran and to move money out of the country via the international banking system. As a result of Huawei's deception, U.S. authorities allege, HSBC and other banks cleared more than $100 million of transactions related to Skycom through the United States that potentially violated economic sanctions Washington had in place at the time against doing business with Iran.
Huawei declined to comment for this story. The company has denied the charges in the case.
Robert Sherman, a spokesman for HSBC, said, "Information provided by HSBC to the Justice Department was provided pursuant to formal demand, including grand jury subpoena or other obligation to provide information pursuant to a Deferred Prosecution Agreement or similar legal obligation."
He added, "The U.S. Department of Justice has confirmed that HSBC is not under investigation in this case."
A Justice Department spokesman declined to comment.
Meng, the daughter of Huawei's founder, was arrested in Vancouver in December. She remains free on bail while the U.S. government tries to have her extradited to face bank and wire fraud charges. The case comes at a time of heightened trade tensions between Washington and Beijing, and amid concerns by the United States that Huawei's equipment could be used for Chinese espionage. The Shenzhen-based company, the world's largest maker of telecommunications networking equipment, has repeatedly denied such claims.
https://www.marketscreener.com/news/Exclusive-HSBC-probe-helped-lead-to-U-S-charges-against-Huawei-CFO–28070102/?countview=0
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