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Economic Reports Trade Balance

  • BERLIN— German exports rose strongly in January but were slightly outpaced by an increase in imports in Europe's largest economy. January exports totaled 103.8 billion euros, while imports came in at 85.3 billion euros for a trade surplus of 18.5 billion euros. New White House trade adviser Peter Navarro said earlier this week reducing the U.S. deficit with...

  • Stephen Roach

    Targeting the United States' trade deficits is the wrong way to go about trade reform, Stephen Roach says.

  • CAIRO, March 8- Egypt's current account deficit narrowed significantly to $4.67 billion in the second quarter of the 2016/ 17 fiscal year while the overall balance of payments surged to a $5.13 billion surplus, propelled by a decision to float the currency. Egypt's central bank abandoned its currency peg of 8.8 pounds to the U.S. dollar on Nov. 3, hoping to unlock...

  • *China posts first monthly trade deficit since Feb 2014. BEIJING, March 8- China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected and as increasing U.S. protectionist rhetoric casts a spotlight on the export giant's trade position. The upbeat import reading reinforced the...

  • *China posts first monthly trade deficit since Feb 2014. BEIJING, March 8- China unexpectedly posted its first trade deficit in three years in February as imports surged far more than expected to feed a construction boom, driven by commodities from iron ore and copper to crude oil and coal. The upbeat import reading reinforced the growing view that economic...

  • *Nickel prices to ease in 2017 as Indonesia resumes exports-BMI. *Coming Up: China trade data at 0200 GMT. China unexpectedly posted a rare trade deficit in February as imports surged far more than expected to feed a months-long construction boom, driven by commodities from iron ore and copper to crude oil and coal.

  • SHANGHAI, March 8- China stocks edged lower on Wednesday, as small-caps pulled back amid lingering concerns over tighter liquidity. News that China unexpectedly posted a rare trade deficit in February, as imports surged far more than expected, did not have an impact on mainland exchanges. China's central bank drained a net 20 billion yuan from the interbank...

  • BEIJING, March 8- China posted its first monthly trade deficit in three years in February as imports surged at their fastest pace since early 2012, driven by its strong demand for commodities from iron ore to crude oil and coal. China's February exports unexpectedly fell 1.3 percent from a year earlier, but imports expanded 38.1 percent, well above economists'...

  • BEIJING, March 8- China unexpectedly posted a rare trade deficit in February as imports surged far more than expected to feed a months-long construction boom, driven by commodities from iron ore and copper to crude oil and coal. Most of China's commodity imports grew strongly in volume terms from a year earlier, but dipped from January. Still, economists say the...

  • BEIJING, March 8- China's exports denominated in yuan rose 4.2 percent in February from a year earlier, the General Administration of Customs said on Wednesday. *Yuan-denominated imports rose 44.7 percent y/y in February. *That produced a trade balance of- 60.36 billion yuan in February.

  • *Canadian dollar settles at C $1.3416, or 74.55 U.S. cents. TORONTO, March 7- The Canadian dollar held its ground against a broadly firmer greenback on Tuesday, as domestic data showed a third consecutive monthly trade surplus in January and investors awaited jobs data that could provide further direction. "From here, there's a lot on the calendar that can still move...

  • President Donald Trump took office with a pledge to boost annual economic growth to 4 percent and renegotiate trade deals in favor of the United States. "Team Trump really has their work cut out for them if they are going to stick with the campaign pledge to double growth," said Chris Rupkey, chief economist at MUFG in New York. The Commerce Department said on Tuesday...

  • *Canadian dollar at C $1.3412, or 74.56 U.S. cents. TORONTO, March 7- The Canadian dollar held its ground on Tuesday against a broadly firmer greenback as oil prices rose and domestic data showed a third consecutive monthly trade surplus in January. Certainly, if anything on that front were to emerge, these tentative signs of improvement could get swamped Canada...

  • *Schaeuble says nobody can say Germany manipulates euro. BERLIN, March 7- German Finance Minister Wolfgang Schaeuble on Tuesday rejected U.S. criticism of Germany's record current account surplus, setting the stage for a heated debate on trade when G20 policymakers meet next week. Ahead of the G20 meeting in the German town of Baden-Baden, Trump's trade adviser...

  • OTTAWA, March 7- Canada posted a third consecutive monthly trade surplus in January, the first such stretch since 2014, in another signal that the economy is gaining momentum after slumping for more than two years due to low oil prices. Statistics Canada on Tuesday reported a surplus of C $807 million, which slightly exceeded analysts' forecasts of a C $700...

  • WASHINGTON, March 7- The U.S. trade deficit jumped to a near five-year high in January as cell phones and rising oil prices helped to push up the import bill, suggesting trade would again weigh on economic growth in the first quarter. The Commerce Department said on Tuesday the trade gap increased 9.6 percent to $48.5 billion, the highest level since March 2012.

  • OTTAWA, March 7- Canada posted a third consecutive monthly trade surplus in January for the first time in more than two years as exports in the crucial auto sector rebounded, Statistics Canada said on Tuesday. The last time Canada recorded trade surpluses for three months in a row was the period between July and September 2014. As a result, Canada's trade surplus...

  • US trade deficit $48.49B in January

    CNBC's Rick Santelli breaks down the latest numbers on trade and consumer credit.

  • Bilateral trade leaves US vulnerable: Michael Froman

    Michael Froman, former U.S. trade representative, shares insight to President Donald Trump's trade policies.

  • Can't have BAT benefit both ways: Michael Froman

    Michael Froman, former U.S. Trade Representative, talks about President Trump's trade proposals and the impact on our trading partners and the U.S. economy. Also Froman discusses how a border adjustment tax will impact businesses.