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“The EU is the world’s largest energy importer with an annual energy import bill averaging 300 billion euros in the last five years. Roughly 85 percent of this amount is paid in U.S. dollars,” according to the materials for the meeting. Other major commodities producers and importers such as Russia and China have also long sought to increase the role of other currencies in commodities trading. “Washington doesn’t like cartels like OPEC,” said one participant involved in preparing for the meeting, referring to the Middle East-dominated Organization of the Petroleum Exporting Countries.

“But then how can you have one market dominated by one currency - the dollar.”, Some industry players are skeptical, however, and not participating in the meeting as they say making space for the euro in international payments is too long-term a process, “More than promotion, you need reforms, stability and convincing investors,” a senior central banker said, airing widespread doubts at the European Central Bank about the Commission plan, ECB officials have said the only way 925 sterling silver aspirin cuff links cufflinks to boost the international role of the euro is to strenghten the European monetary union with banking and financial reforms that EU states have blocked for years..

The move follows a U.S. decision to withdraw from an agreement with Iran on Tehran’s nuclear program, with many EU companies such as France’s Total saying they were forced to stop buying Iranian oil even for euros because of fears of secondary U.S. sanctions. The U.S. dollar clearing mechanism allows the United States effectively to control all electronic bank transactions and go after anyone who it believes is in breach of its rules. Earlier this year, several European buyers suspended purchases of Venezuelan crude due to fears of U.S. secondary sanctions even though they were not formally forbidden from buying oil under the latest U.S. curbs.

Tensions between the United States and the EU over the role of the dollar go back even longer, In 2014, Washington fined BNP Paribas $9 billion for trading Iranian and Sudanese oil, with the French bank agreeing a settlement under the threat of losing access to dollar clearing, In the 20 years since its adoption, the euro’s international role peaked at the beginning of the last decade, Its use dropped during the 2007-08 financial crisis, The euro has not recovered since, and 925 sterling silver aspirin cuff links cufflinks the dollar remains the currency most used in the world, Sixty percent of sovereign debt issuance and global foreign exchange reserves are in dollars, The euro is the second global currency, but its share of each market is just 20 percent..

FRANKFURT (Reuters) - Deutsche Bank is planning to cut 1,950 jobs as part of the integration of its Postbank business, newspaper Handelsblatt reported, citing people familiar with the matter. The bank will cut about 750 jobs by 2020 in the joint headquarters of Deutsche Bank’s private and corporate clients business, while another 1,200 will go by 2022 in the area of operations, which includes account services and credit settlement, the paper said. A spokeswoman for the bank declined to comment.

(Reuters) - Jeans maker Levi Strauss & Co on Wednesday filed documents to list itself on the New York Stock 925 sterling silver aspirin cuff links cufflinks Exchange, seeking to return to public markets after more than three decades, Levi’s, one of the world’s biggest denim brands and the inventor of blue jeans, faces rapid changes in consumer tastes as people shop for cheaper store brands and athleisure apparel, Last year, rival VF Corp said it would spin off its less profitable Wrangler and Lee jeans business into a publicly traded company, allowing it to focus on Vans and its outdoor wear businesses to help improve profit margins..

The 145-year-old company, which intends to list as “LEVI”, set a placeholder amount of $100 million to indicate the size of the IPO. The final size of the IPO could be different. The San Francisco, California-based company could be valued at around $5 billion when it debuts, a CNBC report said in November. Levi’s is controlled by the descendents of founder Levi Strauss. It is required to post quarterly earnings with U.S. regulators as it its Japanese arm, Levi Strauss K.K, is publicly traded in Tokyo.

In its latest report, the American apparel company said sales rose nearly 9 percent to $1.59 billion, Its filings also show that it has halved its debt load over the last two years, Levi’s sells its products in more than 50,000 retail locations, including about 3,000 standalone stores and shops-in-shops across 110 925 sterling silver aspirin cuff links cufflinks countries, It sells apparel under the Levi’s, Dockers and Denizen brands, Jane Hali, head of investment research firm Jane Hali & Associates, said she thinks it is a good time for Levi’s to go public, as jeans - particularly fashion jeans - seem to be resonating with consumers..

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