Mexico "regrets" Ford's decision to scrap the plan to build a plant in the central Mexican state of San Luis Potosi, the Economy Ministry said on Tuesday, adding that it has made sure Ford will reimburse any costs and expenses from the state government to facilitate the now defunct investment.
Update: sure enough, here comes Trump's twitter victory lap:
"@DanScavino: Ford to scrap Mexico plant, invest in Michigan due to Trump policies"https://t.co/137nUo03Gl
— Donald J. Trump (@realDonaldTrump) January 3, 2017
* * *
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Here’s your “it’s hard to believe, but true” article of the day.
Reason reports:
Lawmakers in Montreal have moved to crack down on new restaurants, in an odious attempt to protect existing ones.
“Montreal has one of the highest restaurant per-capita ratios in North America and the amount of places to eat is worrying local politicians,” reads a Canadian Press piece from earlier this week.
As OPEC, which currently is pumping crude at a record rate yet has managed to fool algos and "experts" into bidding up crude to multi-month highs on "promises" it will cut a little over 1 million bpd in output starting in 2017, an "agreement" which Russia and other Non-OPEC nations may or may not join depending on whether OPEC states comply with the cuts (Russia has made it very clear it won't start cutting for a a while in the new year), a problem OPEC has long hoped to avoid mentioning, let alone addressing, has emerged.
With most global market closed for Christmas holiday, and traders taking the day and the week off, global stocks traded mixed in thin, subdued conditions as the dollar dipped against the yen, with the USDJPY sliding for a fourth straight day to 117, while the EUR was flat at 1.0450, taking stock of the US 10Y yield which closed lower on Friday.