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Cognac & Canary Diamond Dice Cufflinks

BEIJING (Reuters) – Ford Motor Co’s joint venture with China Changan Automobile Group has decided not to renew its contract with some agencies supplying it with workers, as carmakers struggle to cope with slumping sales in China custom shaped cufflinks. The New York Times reported earlier that the Ford-Changan joint venture has “quietly begun” dismissing thousands of its 20,000 workers in the world’s second-largest economy. Ford did not comment on how many of its workers were being supplied by the agencies..

China’s car sales fell 2.8 percent in 2018, according to China’s Association of Automobile Manufacturers (CAAM), marking the first contraction since the 1990s. Slowing economic growth as well as the fallout of trade frictions with the United States have hurt demand. Ford suffered an even deeper sales slump of 36.9 percent last year in China, due to lack of new and significantly redesigned models, especially SUVs for the market. Company executive told Reuters last year it was unlikely that Ford’s sales will regain momentum in China until later in 2019 when the first new vehicle models arrive in showrooms in large enough numbers custom shaped cufflinks.

NEW YORK (Reuters) – Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, to further boost its trading capabilities, sources familiar with the matter told Reuters on Wednesday. In a break from its past, Exxon has been building a global cadre of experienced traders and beefing up risk management systems to lift profit custom shaped cufflinks. Exxon, the largest U.S. oil company by market capitalization, has historically stood apart from rivals by limiting trading activity out of concerns it would be accused of market manipulation..

The oil major has lagged behind rivals BP Plc, Chevron Corp and Royal Dutch Shell Plc, which have created trading units that occasionally generate more profit than their refining businesses custom shaped cufflinks. Both Rubinstein and Paradise, both of whom will be based in Houston, left commodity trader Noble Group Ltd in 2017. Rubinstein was managing director and global head of crude oil at Noble until 2017, when rival Vitol SA agreed to buy Noble Americas Corp. Noble was once Asia’s biggest commodity trader, and has restructured after facing insolvency last year..

Before Noble, Paradise was Citigroup Inc’s director of oil trading in Houston custom shaped cufflinks. Exxon also recently hired Gary Pace, a senior gasoline trader, sources familiar with his move said. Pace was most recently at investment bank Macquarie in Houston and previously worked for Shell’s U.S. trading arm, according to his LinkedIn profile. Last year, Exxon hired at least four gasoline market specialists from refiner Phillips 66. In 2018, it also hired former BHP Billiton Plc trader Nelson Lee as an international crude trader..