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“The rally in (Treasury prices) occurred absent a new obvious fundamental driver, and likely partially reflected a slight retracement from Friday’s sell-off, which itself occurred despite weak economic data on the day,” said Jonathan Hill, U.S the cufflink store. rates strategist at BMO Capital Markets. The dollar rose against a basket of major currencies on traders’ bets China and the United States would end their trade battle. The greenback gained for a fourth straight day, helped by the rise in U.S. bond yields with benchmark 10-year yields US10YT=RR hitting one-month peaks last week. [FRX/]..
The dollar index rose 0.08 percent, with the euro down 0.29 percent to $1.1341. Oil futures gained support on news Russia, the biggest non-member ally of the Organization of the Petroleum Exporting Countries, planned to speed up crude output cuts this month, Energy Minister Alexander Novak said. Brent futures settled up 0.92 percent at $65.67 per barrel while U.S the cufflink store. crude settled up 1.42 percent at $56.59 per barrel. In precious metals, gold dipped to its lowest level in more than five weeks as the dollar rose while platinum shed 2.2 percent as investors took profits from a recent rally..
FRANKFURT (Reuters) – BMW may move some engine production out of Britain to Austria in the event of an uncontrolled exit from the European Union by the UK, BMW board member Peter Schwarzenbauer said on Tuesday the cufflink store. “We have some flexibility on the engine side with Steyr in Austria. We would need to make some adjustments toward Steyr. We are preparing to be able to do it. Like we are preparing warehouses in the UK to produce cars,” Schwarzenbauer told Reuters at the Geneva car show. A final decision on whether to transfer some production of engines from Hams Hall, England, to Austria has not yet been taken, Schwarzenbauer said..
SANTIAGO (Reuters) – With the global race to secure lithium heating up in 2016, Chile’s president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world’s lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet the cufflink store. Chile’s most trusted public enterprise, she said, could hunt for private partners to help it mine its own lithium for the good of all Chileans, and take part in the global boom for the battery metal used to power electric vehicles..
A review of regulatory filings, court documents and interviews with Codelco officials shows the strategy was deeply troubled from the start. Dwindling support inside Codelco to prioritize lithium projects over copper, company insiders said, was compounded by legal and regulatory hurdles that stalled development of the company’s two flagship salt flats known as Pedernales and Maricunga. As a result, Codelco has yet to find a partner for either project years into the initiative to boost output of the metal. Global automakers, meanwhile, are planning a $300 billion surge in spending on electric vehicle technology, including the vital battery technology, over the next five to 10 years. tmsnrt.rs/2Azl09N the cufflink store.