Live from Bali at the World Trade Organization conference, CNBC's Lisa Oake says leaders are working on regional deals in case a multilateral trade pact fails.» Read More
WASHINGTON-- The Commerce Department reports on the U.S. trade deficit for October. SLIGHTLY LOWER: Economists forecast a deficit of $40.1 billion, according to a survey by FactSet. That would be down from $41.8 billion in September.
CNBC's Lisa Oake reports live in Bali at the World Trade Organization (WTO) meeting after India's commerce minister called the agricultural deal on the table "half-baked."
Trade ministers are in Bali, Indonesia for the World Trade Organization's ministerial meeting. CNBC's Lisa Oake tells you what to expect.
David Roche, Global Strategist at Independent Strategy and Bob Doll, Chief Equity Strategist at Nuveen Asset Management, discuss the WTO conference in Bali.
As the World Trade Organisation kicks off its meeting in Indonesia's resort island Bali later on Tuesday, CNBC's Lisa Oake looks at what's at stake at this key conference.
BRASILIA, Dec 2- Brazil posted a trade surplus in November that was more than five times expectations, official data showed on Monday, but even so the country remained on track to end the year with its first annual deficit in more than a decade.
Tim Lindsey, Professor of Asia Law at University of Melbourne tells CNBC's Cash Flow that Australia needs to apologize and repair its relationship with Indonesia.
BERLIN, Nov 19- Germany's high current account surplus, which the United States has blamed for hampering the global economy, may fall below the key 6 percent level in 2015, the OECD said on Tuesday.
*Trade deficit widens to $41.8 billion in September. "The reports reveal a slightly weaker path than we expected for exports and claims levels, which has modestly downgraded the outlook for the economy," said Mike Englund, chief economist at Action Economics in Boulder, Colorado.
*Trade deficit widens to $41.8 billion in September. WASHINGTON, Nov 14- The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth estimates trimmed. The trade gap increased 8.0 percent to $41.8 billion, the largest since May, the Commerce Department said.
*Stress tests show risks to Singapore banks are manageable. SINGAPORE, Nov 14- Singapore needs to narrow its huge current account surplus further and the International Monetary Fund supports the government's plans to raise public spending on infrastructure and social services, the IMF said on Thursday.
*Surplus with United States edges up to C $4.3 billion. OTTAWA, Nov 14- Canada's trade deficit in September dropped by more than half to C $435 million from August as exports grew at a much faster rate than imports, Statistics Canada said on Thursday. Statscan revised August's deficit down to C $1.09 billion from an initial C $1.31 billion.
WASHINGTON, Nov 14- The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth estimates trimmed. The Commerce Department said on Thursday the trade gap increased 8.0 percent to $41.8 billion, the largest since May.
*Commission launches first ever in-depth review of Germany. BRUSSELS, Nov 13- The European Commission decided on Wednesday to prepare an in-depth analysis of Germany's persistently high current account surplus to find out if it is a sign of a serious imbalance in Europe's biggest economy.
MUMBAI, Nov 13- India's central bank governor, Raghuram Rajan, expressed comfort on Wednesday about core inflation and highlighted the narrowing current account deficit as he sought to reassure investors worried the country would be hit hard in a global market sell-off.
*Deficit in Oct was $10.56 billion. NEW DELHI, Nov 11- India's trade deficit jumped in October, rebounding from a 2-1/ 2 year low the previous month, as purchases of gold picked up ahead of the festival season, provisional government data showed on Monday. Last month's deficit stood at $10.56 billion, compared with $6.7 billion in September, the trade ministry said.
SHANGHAI, Nov 8- China's yuan edged higher against the dollar on Friday after the government posted better-than-expected exports and trade surplus data, giving an explanation for what traders have repeatedly said was a recent abundance of dollars in the domestic market.
*California backlog continues to influence data. WASHINGTON, Oct 24- The number of Americans filing new claims for unemployment benefits fell less than expected last week, but a lingering backlog of applications in California makes it difficult to get a good read of labor market conditions.
WASHINGTON, Oct 24- The U.S. trade deficit widened slightly in August as exports slipped, suggesting trade will probably not be much of a boost to growth in the third quarter. The Commerce Department said on Thursday the trade gap nudged up 0.4 percent to $38.8 billion.
TOKYO, Oct 21- Japanese exports rose 11.5 percent in September from a year earlier, Ministry of Finance data showed on Monday, reflecting the effects of a weaker yen and a pick-up in global demand. Higher import costs resulted in a trade deficit of 932.1 billion yen compared with the median estimate for a 920 billion yen deficit.