Balance of trade http://www.globalpost.com/taxonomy/term/23817/all en UPDATE 1-Australia trade deficit widens; iron ore to the rescue http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-australia-trade-deficit-widens-iron-ore-the-rescue <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>(Adds analyst reaction, detail)<br /> * Trade deficit of A$2.64 bln, is largest since March 2008<br /> * Pick-up in metal ore exports outweighed by imports of oil,<br /> cars<br /> * Steep recovery in iron ore prices bodes better for export<br /> earnings</p> <p> By Wayne Cole<br /> SYDNEY, Jan 8 (Reuters) - Australia's trade deficit in<br /> November widened to its largest since early 2008 as imports<br /> again outpaced exports, though a recent meteoric rise in the<br /> price of iron ore suggests the worst of the trade pain is over<br /> for the resource-rich nation.<br /> The deficit on goods and services grew to </p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-australia-trade-deficit-widens-iron-ore-the-rescue" target="_blank">read more</a></p> Balance of trade Economic geology Economics Economy of Algeria Entertainment Iron mining Iron ore Quotation Thomson Reuters Tue, 08 Jan 2013 13:51:32 +0000 Thomson Reuters 5731476 at http://www.globalpost.com U.S. trade deficit widens sharply on consumer goods imports http://www.globalpost.com/dispatch/news/thomson-reuters/130111/us-trade-deficit-widens-sharply-consumer-goods-imports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Jan 11 (Reuters) - The U.S. trade deficit unexpectedly grew in November, a drag on economic growth, although the gap's widening was driven by a surge in consumer goods imports, which gives a positive signal for consumer spending.</p> <p>The Commerce Department said on Friday the trade gap increased 16 percent in November to $48.7 billion.</p> <p>Analysts were expecting the deficit to shrink to $41.3 billion, so the report could lead some economists to trim their forecasts for economic growth in the fourth quarter.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/us-trade-deficit-widens-sharply-consumer-goods-imports" target="_blank">read more</a></p> Balance of trade Business Economics Entertainment International trade Thomson Reuters Fri, 11 Jan 2013 14:00:48 +0000 Thomson Reuters 5733150 at http://www.globalpost.com WRAPUP 2-US imports point to soft Q4 growth but firmer spending http://www.globalpost.com/dispatch/news/thomson-reuters/130111/wrapup-2-us-imports-point-soft-q4-growth-firmer-spending <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* U.S. trade deficit widens to $48.7 billion in November</p> <p>* Prices for imports decline 0.1 percent in December</p> <p>By Jason Lange</p> <p>WASHINGTON, Jan 11 (Reuters) - The U.S. trade deficit unexpectedly widened in November due to a surge in imports, pointing to a sharp slowdown in economic growth during the last three months of 2012.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/wrapup-2-us-imports-point-soft-q4-growth-firmer-spending" target="_blank">read more</a></p> Balance of trade Business Economics International trade Labor Thomson Reuters Fri, 11 Jan 2013 14:30:35 +0000 Thomson Reuters 5733162 at http://www.globalpost.com French official 2012 trade deficit falls 9% to 67 bn euros http://www.globalpost.com/dispatch/news/afp/130207/french-official-2012-trade-deficit-falls-9-67-bn-euros <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>France's trade deficit fell by 9.0 percent last year to 67 billion euros ($91 billion), Foreign Trade Minister Nicole Bricq said on Thursday.</p> <p>The trade deficit had hit a record of 74 billion euros in 2011.</p> <p>The deficit excluding energy, which the government aims to eliminate by 2017, fell by nearly half, dropping from 29 to 15 billion euros, she added.</p> <p>"It is the first encouraging signal which should allow us to regain confidence," said Bricq.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/french-official-2012-trade-deficit-falls-9-67-bn-euros" target="_blank">read more</a></p> Balance of trade Economics EUR International trade AFP Thu, 07 Feb 2013 09:30:59 +0000 Agence France-Presse 5748580 at http://www.globalpost.com French official 2012 trade deficit falls 9% to 67 bn euros http://www.globalpost.com/dispatch/news/afp/130207/french-official-2012-trade-deficit-falls-9-67-bn-euros-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>France's trade deficit fell by 9.0 percent last year to 67 billion euros ($91 billion), Foreign Trade Minister Nicole Bricq said on Thursday.</p> <p>The trade deficit had hit a record of 74 billion euros in 2011, and the deficit for 2012 is the second-biggest ever.</p> <p>The deficit excluding energy, which the government aims to eliminate by 2017, fell by nearly half, dropping from 29 to 15 billion euros, she added.</p> <p>"It is the first encouraging signal which should allow us to regain confidence," said Bricq.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/french-official-2012-trade-deficit-falls-9-67-bn-euros-0" target="_blank">read more</a></p> Balance of trade Economics EUR International trade AFP Thu, 07 Feb 2013 13:46:10 +0000 Agence France-Presse 5748857 at http://www.globalpost.com China says January trade surplus up 7.7% to $29.2 bn http://www.globalpost.com/dispatch/news/afp/130207/china-says-january-trade-surplus-77-292-bn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>China's trade surplus rose 7.7 percent year-on-year to $29.2 billion in January, official data showed Friday, as the country maintained its economic recovery on improving demand.</p> <p>Exports from the world's second-largest economy jumped a solid 25.0 percent to $187.4 billion last month, while imports soared 28.8 percent to $158.2 billion, the General Administration of Customs said in a statement.</p> <p>But it noted that there were more working days last month than in January 2012, due to the timing of the Lunar New Year, potentially inflating the figures.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/china-says-january-trade-surplus-77-292-bn" target="_blank">read more</a></p> Balance of trade Economics International trade AFP Fri, 08 Feb 2013 04:47:11 +0000 Agence France-Presse 5749627 at http://www.globalpost.com China's trade surplus surges in January http://www.globalpost.com/dispatch/news/afp/130208/chinas-trade-surplus-surges-january <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>China's trade surplus rose in January with both exports and imports beating expectations, official data showed Friday, as the country maintained its economic recovery on improving demand.</p> <p>The trade surplus rose 7.7 percent year-on-year to $29.2 billion for the month, the General Administration of Customs said in a statement, beating a median $26.6 billion forecast of economists in a Dow Jones Newswires survey. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/chinas-trade-surplus-surges-january" target="_blank">read more</a></p> Balance of trade Economics Economy of the People's Republic of China AFP Fri, 08 Feb 2013 05:01:01 +0000 Agence France-Presse 5749646 at http://www.globalpost.com German trade surplus hits five-year high in 2012 http://www.globalpost.com/dispatch/news/afp/130208/german-trade-surplus-hits-five-year-high-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The German trade surplus hit a five-year high last year to reach its second-highest level ever on booming exports, official data showed on Friday.</p> <p>Europe's biggest economy exported a record 1.097 trillion euros ($1.5 trillion) worth of goods in 2012, an increase of 3.4 percent from the previous year, the national statistics office Destatis said.</p> <p>Imports, on the other hand, edged up by just 0.7 percent to 909.2 billion euros in the period from January to December.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/german-trade-surplus-hits-five-year-high-2012" target="_blank">read more</a></p> Balance of trade Economics International trade AFP Fri, 08 Feb 2013 08:30:37 +0000 Agence France-Presse 5749720 at http://www.globalpost.com China trade surplus up, inflation eases http://www.globalpost.com/dispatch/news/afp/130208/china-trade-surplus-inflation-eases <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>China's trade surplus rose and inflation eased in January, official data showed Friday, adding to recent evidence the world's number two economy is emerging from a drawn-out downtrend.</p> <p>The economy expanded last year at its lowest annual rate since 1999, in the face of weakness at home and in key overseas markets. But an uptick in the final three months of 2012 snapped seven straight quarters of slowing growth.</p> <p>And conditions continued to improve in January, according to the government.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/china-trade-surplus-inflation-eases" target="_blank">read more</a></p> Balance of trade Economics Economy of the People's Republic of China AFP Fri, 08 Feb 2013 09:47:08 +0000 Agence France-Presse 5749763 at http://www.globalpost.com U.S. trade deficit narrows sharply, points to stronger GDP http://www.globalpost.com/dispatch/news/thomson-reuters/130208/us-trade-deficit-narrows-sharply-points-stronger-gdp <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Feb 8 (Reuters) - The U.S. trade deficit shrank in December to its narrowest in nearly three years, suggesting the economy did much better in the fourth quarter than initially estimated.</p> <p>The country's trade gap narrowed to $38.5 billion during the month, the Commerce Department said on Friday. Analysts polled by Reuters had expected a deficit of $46 billion.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130208/us-trade-deficit-narrows-sharply-points-stronger-gdp" target="_blank">read more</a></p> Balance of trade Economics International trade Thomson Reuters Fri, 08 Feb 2013 13:45:23 +0000 Thomson Reuters 5750047 at http://www.globalpost.com US trade gap shrinks to $38.5 bn in December http://www.globalpost.com/dispatch/news/afp/130208/us-trade-gap-shrinks-385-bn-december <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The US trade deficit shrank more than expected in December, to $38.5 billion, as imports dropped sharply, Commerce Department data released Friday showed.</p> <p>The trade shortfall was well below the average analyst estimate of $45.4 billion and followed three months of widening deficits.</p> <p>The Commerce Department revised November's reading down to $48.6.</p> <p>In December, exports totaled $186.4 billion, up $3.9 billion from November. Imports of $224.9 billion were $6.2 billion less than the prior month's reading.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/us-trade-gap-shrinks-385-bn-december" target="_blank">read more</a></p> Balance of trade Economics International trade USD AFP Fri, 08 Feb 2013 14:21:44 +0000 Agence France-Presse 5750108 at http://www.globalpost.com WRAPUP 3-Surprise! U.S. economy likely grew in fourth quarter http://www.globalpost.com/dispatch/news/thomson-reuters/130208/wrapup-1-us-trade-deficit-narrows-points-stronger-gdp <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* U.S. December trade deficit narrows to $38.5 billion</p> <p>* Industrial supplies like non-monetary gold boost exports</p> <p>* 2012 trade deficit with China at record high</p> <p>* Wholesale inventories decline 0.1 percent in December</p> <p>By Jason Lange</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130208/wrapup-1-us-trade-deficit-narrows-points-stronger-gdp" target="_blank">read more</a></p> Balance of trade Business Economic indicators Economics International economics International trade Politics USD Thomson Reuters Fri, 08 Feb 2013 14:31:11 +0000 Thomson Reuters 5750113 at http://www.globalpost.com AFP World Economic News Summary http://www.globalpost.com/dispatch/news/afp/130208/afp-world-economic-news-summary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The top world economic stories on Friday:</p> <p>US-economy-trade</p> <p>WASHINGTON: The US trade deficit shrank more than expected in December, to $38.5 billion, as imports dropped sharply, Commerce Department data showed.</p> <p>EU-summit-budget</p> <p>Brussels: EU leaders appeared poised to cut the bloc's budget for the first time in its six-decade history, with a tentative agreement to trim spending by three percent over the rest of the decade, diplomats said.</p> <p>Forex-Japan-yen-politics</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/afp-world-economic-news-summary" target="_blank">read more</a></p> Balance of trade Business Economics Human Interest International trade AFP Fri, 08 Feb 2013 14:36:33 +0000 Agence France-Presse 5750126 at http://www.globalpost.com US trade gap shrinks to $38.5 bn in December http://www.globalpost.com/dispatch/news/afp/130208/us-trade-gap-shrinks-385-bn-december-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The US trade deficit shrank more than expected in December to its lowest in almost three years as imports dropped sharply, government data released Friday showed.</p> <p>The Commerce Department reported the trade gap narrowed to $38.5 billion from a revised $48.6 billion in November.</p> <p>The December number was well below the average analyst estimate of $45.4 billion and snapped three months of widening deficits.</p> <p>The $10 billion drop -- the biggest month-on-month decline in nearly four years -- was largely due to a drop in oil imports.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/us-trade-gap-shrinks-385-bn-december-0" target="_blank">read more</a></p> Balance of trade Economics International trade USD AFP Fri, 08 Feb 2013 15:45:46 +0000 Agence France-Presse 5750230 at http://www.globalpost.com European stocks rise on upbeat Chinese, US data http://www.globalpost.com/dispatch/news/afp/130208/european-stocks-rise-upbeat-chinese-us-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European stock markets rose but the euro slipped against the dollar on Friday as investors took heart from upbeat Chinese and US economic data and EU leaders adopted a seven-year budget for the 27-member union.</p> <p>London's FTSE 100 index of top companies rose by 0.78 percent to 6,276.98 points in afternoon deals. Frankfurt's DAX grew 0.78 percent to 7,650.43 points and in Paris the CAC 40 gained 1.23 percent to 3,645.51.</p> <p>In foreign exchange trading, the European single currency slipped to $1.3382 from $1.3395 late Thursday in New York.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/european-stocks-rise-upbeat-chinese-us-data" target="_blank">read more</a></p> Balance of trade Economics Economy of the European Union AFP Fri, 08 Feb 2013 16:01:04 +0000 Agence France-Presse 5750249 at http://www.globalpost.com