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“It will probably be mid-year before the Fed excites hike prospects again,” said Joseph Trevisani, senior analyst at FXStreet.com in New York pure silver cufflinks. U.S. Treasury yields climbed to the highest this year, helped by improved risk appetite, but retreated following dovish commentary from Fed speakers and a strong 10-year note auction. Benchmark 10-year notes US10YT=RR were last down 2/32 in price to yield 2.7225 percent after earlier rising to 2.747 percent, the highest since Dec. 28. Gold prices rose on Wednesday, with spot gold XAU= up 0.68 percent to $1,293.65 per ounce..
BEIJING (Reuters) – China and the United States made progress during their recent trade talks over structural issues such as forced technology transfers and intellectual property rights, China’s commerce ministry said on Thursday pure silver cufflinks. The three-day talks in Beijing that wrapped up on Wednesday were the first face-to-face negotiations since U.S. President Donald Trump and his Chinese counterpart Xi Jinping met in Buenos Aires and agreed on a 90-day truce in a trade war. This week’s talks were lengthy because both sides were serious and honest, the ministry’s spokesman Gao Feng told reporters..
(Reuters) – Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers. The unprecedented level of spending – much of it by Germany’s Volkswagen AG (VOWG_p.DE) – is driven in large measure by government policies adopted to cut carbon dioxide emissions, and will extend technological advances that have improved battery cost, range and charging time to make electric vehicles more appealing to consumers, according to an exclusive Reuters analysis of public data released by those companies pure silver cufflinks.
For a graphic showing planned EV spending by country, click on tmsnrt.rs/2Azl09N. China for decades played catch-up to German, Japanese and American automakers, which dominated internal combustion vehicle technology pure silver cufflinks. Now, China is positioned to lead electric vehicle development, industry executives say. “The future of Volkswagen will be decided in the Chinese market,” said Herbert Diess, chief executive of VW, which has decades-old joint ventures with two of China’s largest automakers, SAIC Motor (600104.SS) and FAW Car (000800.SZ)..
Speaking earlier this week to a small group of reporters in Beijing, Diess said China “will become one of the automotive powerhouses in the world.”. “What we find (in China) is really the right environment to develop the next generation of cars and we find the right skills, which we only partially have in Europe or other places,” he said pure silver cufflinks. Diess added, “We have very clear policies established here in China. Policymakers and regulators are requiring” a shift to electric vehicles..