Trade Balance
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TOKYO, June 7- Japan's current account surplus slipped in April to the lowest level in more than a year, according to a Reuters poll, highlighting some of the drawbacks of the government's campaign to reflate the economy, which has weakened the yen and pushed up the cost of energy imports.
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SINGAPORE, June 6- Gold edged to below $1,400 an ounce on Thursday as India, the world's biggest bullion consumer, raised import duty on the metal by a third to reduce its current account deficit.
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*Gold imports in June-July may drop sharply- wholesaler. NEW DELHI/ MUMBAI, June 5- India has increased import duty on gold by a third to 8 percent as the government of the world's biggest buyer of bullion seeks to halt a surge in demand that threatens to widen a record current account deficit yet further.
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*Trade deficit widens to $40.3 billion from $37.1 billion. The Commerce Department said on Tuesday the trade gap increased to $40.3 billion from $37.1 billion in March.
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*Canada has posted 16 consecutive trade deficits with March revision. OTTAWA, June 4- Canada's trade deficit leapt in April as imports hit a record high and exports edged down, a further sign that exporters' woes are helping to crimp growth, Statistics Canada data indicated on Tuesday.
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*Dow has ended higher for the past 20 Tuesdays. *U.S. trade deficit widens less than expected in April. NEW YORK, June 4- Wall Street was set for a slightly higher open, putting the Dow on track for another strong Tuesday, while data showed the U.S. trade deficit widened in April.
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WASHINGTON, June 4- The U.S. trade deficit widened in April as a rise in imports offset a rebound in exports, suggesting that trade remained a drag on economic growth as the second quarter started. The Commerce Department said on Tuesday the trade gap increased 8.5 percent to $40.3 billion.
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WASHINGTON, June 4- The U.S. trade deficit widened less than expected in April as the lowest petroleum bill in nearly 2-1/ 2 years tempered the rise in imports, while exports hit a four-month high. The Commerce Department said on Tuesday the trade gap increased 8.5 percent to $40.3 billion.
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MADRID, May 31- Spain booked its first trade surplus in recorded history in March, central bank data showed on Friday, as a sharp plunge in imports from a deep recession offset a modest increase in exports.
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Kenya's current account deficit weighs on currency. NAIROBI, May 30- Renewed economic activity following a smooth presidential vote is driving demand for imports in Kenya, weakening the shilling and prompting wariness about the central bank's response, including more interventions.
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*Kenya's current account deficit weighs on currency. NAIROBI, May 29- Kenya's central bank intervened in the foreign exchange market for the first time in four months on Thursday, traders said, propping up a local currency that has dipped since investor relief at a peaceful national election faded.
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*Kenya's current account deficit weighs on currency. NAIROBI, May 29- Kenya's central bank intervened in the foreign exchange market for the first time in four months on Thursday, traders said, propping up a local currency that has dipped since investor relief at a peaceful national election faded.
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*Data due on Wednesday at 8:50 a.m. (Tuesday at 2350 GMT. TOKYO, May 21- Japan's exports are expected to have risen in April from a year earlier for a second straight month led by U.S.-bound shipments of cars and Asian demand for electronics parts in a sign a weak yen and global recovery are helping the export-reliant economy.
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Freya Beamish, economist at Lombard Street Research, believes the Chinese trade data was inflated and that the picture is "tight" with property and asset prices beginning to overheat.
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Louis Kuijs, chief China economist at RBS, questions the veracity of the Chinese exports data and says that while the global export picture is subdued, the input side looks healthier.
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*Canada exports up 5.1 percent, imports up 1.7 percent. Statistics Canada said on Thursday that a 5.1 percent jump in exports was behind an unexpected trade surplus of C $24 million. Canada last recorded a trade surplus- a modest C $45 million- in March 2012.
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*Canada exports up 5.1 percent, imports up 1.7 percent. OTTAWA, May 2- Surging exports helped Canada record an unexpected trade surplus of C $24 million in March, its first in a year, Statistics Canada data indicated on Thursday. Canada last recorded a trade surplus- a modest C $45 million- in March 2012.
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WASHINGTON, May 2- The U.S. trade deficit fell more than expected in March as imports recorded their biggest drop since 2009, the latest sign of slowing domestic demand. The Commerce Department said on Thursday the trade gap narrowed 11.0 percent to $38.8 billion- the second smallest since January 2010.
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Daniele Antonucci, senior european economist at Morgan Stanley, explains that the Spanish economy will grow on its exports and that the unemployment figure might not be true.
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BUENOS AIRES, April 23- Argentina's prized trade surplus shrank a greater-than-expected 49 percent in March to $510 million as fuel imports surged, the INDEC statistics institute said on Tuesday.
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