Yuan Eclipsed in Beijing Talks by Europe, North Korea

By Bloomberg News

May 26 (Bloomberg) -- U.S.-China talks set up primarily to head off bilateral disputes focused much of the past two days on threats to global stability, as Europe’s debt crisis and military tension on the Korean peninsula overtook the agenda.

About 200 U.S. officials yesterday wrapped up meetings in Beijing as the euro’s decline to an eight-year low against the yen and a 4.7 percent plunge in the won overshadowed sparring on trade and China’s control of its exchange rate. The external distractions, both financial and geopolitical, prompted talk of closer cooperation between what will likely be the world’s two largest economies by year end.

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U.S., China Sidestep Yuan as Europe Dominates Talks

By Bloomberg News | May 25, 2010

May 25 (Bloomberg) -- China and the U.S. focused their first day of talks in Beijing on joint efforts to prop up the world’s economy in the face of a European sovereign-debt crunch that pushed off a showdown on the yuan’s value. 

Officials “spent quite a bit of time discussing the European debt crisis,” Chinese central bank Governor Zhou Xiaochuan said at a press briefing. The nation’s currency policy is being “touched upon” at the talks, he said. 

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The week of mega recalls

Friday, January 29, 2010 | www.theautoindustrieblog.com

I was away for a week, snorkeling in islands off the Indian Ocean, unplugged from everything, and came back to find my RSS feeds filled with Toyota recall related news.

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The Mega Trends are back

Such numbers impress you, at least at first glance. In 2015 50 percent of European new car registrations electric or hybrid cars should be. As early as 2025, only those vehicles will be produced. It maintains a study by the University of Applied Sciences Gelsenkirchen. Fund manager Thomas Bauer cited this analysis is happy, because he firmly believes that electric mobility will be the next big mega trend. Since June 2009 he bought the Absolute Future Mobility Fund Only shares of companies that are directly or indirectly involved in the industry.

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