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Trade Balance

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  • Jan 13- Moody's Investors Service cut its rating on Venezuela by two notches to the agency's third lowest on Tuesday, citing a high risk of the country defaulting on its debt due to lower oil prices. The rating agency also forecast that Venezuela's estimated current account surplus of more than 2 percent of gross domestic product in 2014 would likely shift to a...

  • *Dec trade surplus $49.6 bln, smaller than Nov. BEIJING/ SHANGHAI, Jan 13- China's December trade data beat expectations, as demand from a stronger U.S. economy helped offset weakness in Europe and Japan while Chinese bargain-shopping in commodities markets put a floor under sliding imports. Exports in December rose 9.7 percent from a year earlier in...

  • China's yuan firms on upbeat trade data, midpoint Monday, 12 Jan 2015 | 11:07 PM ET

    HONG KONG, Jan 13- China's yuan rose against the dollar on Tuesday, encouraged by better-than-expected trade data and after the central bank set the midpoint at a two-week high. The People's Bank of China fixed the midpoint at 6.1195 per dollar prior to market open, firmer than the previous fix of 6.1233. That left the country with a trade surplus of $49.6 billion...

  • BEIJING/ SHANGHAI, Jan 13- China's exports and imports exceeded market expectations in December, a welcome sign that Beijing has found support for its cooling manufacturing sector as a stronger U.S. economy offsets weakness in Europe and Japan. That left the country with a trade surplus of $49.6 billion for the month, data from the General Administration of...

  • SHANGHAI Jan 13- China's exports in December rose 9.9 percent from a year earlier, while imports fell 2.3 percent, better than market expectations and cushioning pressure on the domestic economy from rising debt levels and a soft property sector. That left the country with a trade surplus of 304.5 billion yuan for the month, the Customs Administration said on...

  • Japan current account surplus will widen: Pro  Monday, 12 Jan 2015 | 6:51 PM ET

    Edwin Merner, President at Atlantis Investment Research Corporation, says Japan's current account surplus will continue to increase on the back of improving trade deficits and falling oil prices.

  • BERLIN, Jan 9- German exports fell sharply in November and industrial output also declined, suggesting Europe's largest economy ended 2014 on a weak note. Seasonally-adjusted exports declined for a second consecutive month, dipping 2.1 percent, while imports pushed up 1.5 percent, narrowing the trade surplus to 17.7 billion euros, data from the Federal...

  • WASHINGTON, Jan 7- The U.S. trade deficit fell to an 11- month low in November as declining crude oil prices curbed the import bill, prompting economists to sharply raise their growth estimates for fourth-quarter growth. The Commerce Department said the trade gap narrowed 7.7 percent to $39 billion, the smallest since December 2013. The inflation-adjusted...

  • OTTAWA, Jan 7- The retreat of oil prices helped push Canada's trade deficit to near a two-year high in November, signaling the challenges that cheaper crude pose for the petroleum-exporting nation. Statistics Canada reported on Wednesday that the November deficit jumped to C $644 million from a deficit of C $327 million in October, much higher than the C $300...

  • WASHINGTON, Jan 7- The U.S. trade deficit fell to an 11- month low in November as declining crude oil prices curbed the import bill, eclipsing a drop in exports that could be related to a labor dispute at one of the nation's key ports. The Commerce Department said the trade gap narrowed 7.7 percent to $39 billion, the smallest since December 2013.

  • OTTAWA, Jan 7- Canada posted a higher-than-expected trade deficit of C $644 million in November as exports fell 3.5 percent, the biggest monthly drop in more than two years, Statistics Canada data indicated on Wednesday. Statscan revised October's data to show a deficit of C $327 million compared to an initial surplus of C $99 million. As a result, the trade surplus...

  • WASHINGTON, Jan 7- The U.S. trade deficit fell to an 11- month low in November as declining crude oil prices curbed the import bill, eclipsing a drop in exports that could be related to a labor dispute at one of the nation's key ports. The Commerce Department said on Wednesday the trade gap narrowed 7.7 percent to $39 billion, the smallest since December 2013.

  • But analysts warned that sluggish demand in Europe and China could make exports erratic again in the new year. Exports in December gained 3.7 percent over a year earlier to $49.74 billion, while imports slipped 0.9 percent to $43.96 billion, resulting in a trade surplus of $5.78 billion, the Ministry of Trade, Industry and Energy said. "Europe holds the key in...

  • U.S. current account deficit widens in third quarter Wednesday, 17 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 17- The U.S. current account deficit unexpectedly rose in the third quarter as an increase in exports was offset by a rewidening of the secondary income shortfall. The Commerce Department said on Wednesday the current account gap, which measures the flow of goods, services and investments into and out of the country, rose 1.9 percent to $100.3...

  • Japan exports rise 4.9 pct year/year in November - MOF Tuesday, 16 Dec 2014 | 6:54 PM ET

    TOKYO, Dec 17- Japan's exports rose 4.9 percent in November from a year earlier, Ministry of Finance data showed on Wednesday, rising for a third straight month in a sign of a gradual pick-up in global demand. The result compared with a 7.0 percent increase expected by economists in a Reuters poll. That resulted in a trade deficit of 891.9 billion yen, marking a 29th...

  • BEIJING, Dec 8- China's imports fell expectedly in November while export growth slowed, adding to concerns the world's second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures. "Despite another record trade surplus, the underlying details paint a grim picture with slower export growth and a...

  • BEIJING, Dec 8- China's exports rose 4.7 percent in November from a year earlier, while imports dropped 6.7 percent, well below expectations and adding to concerns the world's second-largest economy could be facing a sharper slowdown. The readings left the country with a trade surplus of $54.5 billion for the month, the General Administration of Customs said on...

  • U.S. trade deficit narrows slightly; exports rise Friday, 5 Dec 2014 | 8:38 AM ET

    WASHINGTON, Dec 5- The U.S. trade deficit narrowed less than expected in October as lower crude oil prices failed to offset a jump in imports, while an increase in exports suggested the economy was weathering faltering global demand. The Commerce Department said on Friday the trade gap fell 0.4 percent to $43.4 billion. September's shortfall on the trade balance...

  • OTTAWA, Dec 5- Canada's trade surplus in October shrank to C $99 million from C $307 million in September as imports hit a new all-time high, Statistics Canada said on Friday. October marked the sixth consecutive month Canada had recorded a trade surplus, a feat it last achieved in November 2008. As a result, the trade surplus with the United States dropped to C $3.54...

  • BRASILIA, Nov 24- Brazil's current account deficit widened in October from the previous month, highlighting the rapid deterioration of the external accounts as prices of key exports drop sharply. Brazil's current account deficit in September was $7.907 billion. In the last 12 months through October, the current account deficit was equivalent to 3.73 percent...