Tag: TRD
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Manchin threatens to sue US Treasury over EV tax credit rules
WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he could go to court after the US Treasury Department released guidelines on battery procurement for electric vehicle tax credits later this week. “If it goes off the rails” and goes against the intent of climate legislation passed in August, “I […]
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US and Japan sign trade deal on battery minerals for electric vehicles
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]
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US not considering ‘general insurance’ for bank deposits, says Yellen
WASHINGTON, March 22 (Reuters) – US Treasury Secretary Janet Yellen told lawmakers on Wednesday that the Federal Deposit Insurance Corporation (FDIC) is not considering offering “general insurance” for bank deposits following the collapse of two prominent US banks this month. Some banking groups have urged Congress to temporarily guarantee all U.S. bank deposits, a move […]
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The US banking system is sound, but not all deposits are guaranteed, Yellen tells senators
WASHINGTON, March 16 (Reuters) – The US banking system remains sound and Americans can be confident that their deposits will be there when they are needed, Treasury Secretary Janet Yellen said on Thursday, though she denied that recent bailouts following two major bank failures mean there is there was now a general government guarantee for […]
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Exclusive: Dutch respond to US China policy with plan to curb semiconductor technology exports
AMSTERDAM/WASHINGTON March 8 (Reuters) – The Dutch government on Wednesday announced it was planning new restrictions on exports of semiconductor technology to protect national security, joining the United States’ efforts to limit chip exports to China. curb. The U.S. imposed sweeping export restrictions on shipments of U.S. chip-making tools to China in October, but for […]
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Germany could ban China’s Huawei and ZTE from sharing 5G networks – source
German review of security of telecom technology providers Could ban providers controlled by a third state government Can force operators to tear and replace, no compensation Unclear which components could be banned, how often they are used BERLIN, March 7 (Reuters) – Germany is considering banning certain components from Chinese companies Huawei and ZTE in […]
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China’s Jan-Feb trade slumps again as global demand falters
BEIJING, March 7 (Reuters) – Chinese exports fell for the January-February period, pointing to continued weakness in foreign demand and supporting government concerns that a global slowdown could hamper the country’s recovery from damage from the pandemic era will hinder. Imports also fell, government data showed on Tuesday, also reflecting weak foreign demand as the […]
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Exclusive: U.S. solar panel imports from China are on the rise, easing the gridlock, officials say
March 6 (Reuters) – US solar panel imports are finally picking up after months of stalemate due to the implementation of a new law banning goods made with forced labour, according to two Chinese solar companies. A White House official confirmed the thaw in shipments at an energy conference on Monday, attributing it to clearer […]
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Mexico cannot match US incentives for proposed Tesla battery factory, minister says
MEXICO CITY, March 3 (Reuters) – Mexico would not be able to match the incentives offered by a US law to curb inflation if Tesla Inc builds a battery factory in the country, Mexico’s finance minister said on Monday Friday, days after Tesla announced construction of a “gigafactory” there. Tesla (TSLA.O) has not confirmed whether […]
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Exclusive: China increasingly ambitious with 2023 growth target, possibly up to 6%
BEIJING, March 2 (Reuters) – China is increasingly ambitious with its 2023 growth target, with a potential of up to 6%, in a bid to boost investor and consumer confidence and build on a promising post-pandemic recovery, sources concerned in policy discussions. Four of the sources said China is likely targeting growth of up to […]