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Economic Measures Trade

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  • OTTAWA, Sept 3- Canada's export sector posted healthy growth for the second month in a row in July, helping cut the country's trade deficit to an eight-month low of C $593 million, Statistics Canada said on Thursday. Exports to the United States, which accounted for 76.4 percent of Canada's global total in July, rose by 2.1 percent, while imports grew 4.3 percent.

  • US trade deficit smallest in five months Thursday, 3 Sep 2015 | 8:35 AM ET
    A cargo ship is loaded with shipping containers at the Port of Long Beach, Calif.

    The Commerce Department said on Thursday the trade gap narrowed 7.4 percent to $41.9 billion.

  • US trade deficit drops to $41.9 billion in July Thursday, 3 Sep 2015 | 8:35 AM ET

    The concern is that U.S. growth will be hurt by further declines in exports, reflecting a stronger dollar and overseas weakness in nations such as China. A sharp slowdown in China has roiled financial markets in recent weeks as investors have grown concerned that weakness in the world's second largest economy could have a more adverse impact on global growth.

  • PADUCAH, Ky.— Coast Guard: Part of Mississippi River closed to traffic after tow boat collision, oil spill.

  • U.S. trade deficit smallest in five months Thursday, 3 Sep 2015 | 8:31 AM ET

    WASHINGTON, Sept 3- The U.S. trade deficit fell in July to its lowest level in five months as exports rose, signaling underlying strength in the economy amid concerns about a global growth slowdown. The Commerce Department said on Thursday the trade gap narrowed 7.4 percent to $41.9 billion, the smallest since February. June's trade deficit was revised to $45.2...

  • State of US ports and trade Thursday, 3 Sep 2015 | 6:49 AM ET
    State of US ports and trade

    Jon Slangerup, Port of Long Beach CEO, discusses the state of shipping at the nation's ports and whether China turmoil has impacted trade.

  • Ahead of the Bell: US trade gap Thursday, 3 Sep 2015 | 6:31 AM ET

    WASHINGTON— The Commerce Department reports on the U.S. trade gap for July at 8:30 a.m. Eastern Thursday. US DEMAND: The deficit in June widened by 7 percent to $43.8 billion, up from $40.9 billion in May, as solid consumer spending pulled in more imports while the strong dollar restrained exports. Labor disputes at West Coast ports in the first quarter delayed...

  • *California senate to vote on revised bill. SYDNEY, Sept 3- The Australian government is under fire for lobbying the California legislature to stop a ban on the sale of kangaroo products in the U.S. state, a restriction the industry argues would cripple exports of the marsupials' meat and leather. The California senate will vote on Thursday on a bill to extend a...

  • South Korea will recover in H2 2015: Nomura Wednesday, 2 Sep 2015 | 8:33 PM ET
    South Korea will recover in H2 2015: Nomura

    Michael Na, Korea Strategist at Nomura, says the Middle East Respiratory Syndrome (MERS) outbreak is a "transitory issue" and the South Korean economy will recover in the second half of year.

  • OKLAHOMA CITY— The United States should end its ban on crude-oil exports and reduce federal regulations that are stifling an energy industry central to the nation's future economic prosperity, U.S. Marco Rubio said Wednesday to a friendly group of mostly oil and natural gas producers. The GOP presidential hopeful from Florida unveiled some highlights of his...

  • CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.5 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract touched...

  • CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.8 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract flirted with...

  • What markets are really worried about China Tuesday, 1 Sep 2015 | 11:16 PM ET
    What markets are really worried about China

    Xavier Denis, global strategist at SG Securities, says the opaque nature of Beijing is unnerving investors more than poor economic data.

  • *Soybeans drop 1.6 percent, corn falls 1.3 percent. CHICAGO, Sept 1- Chicago Board of Trade corn and soybean futures dropped on Tuesday on concerns that commodity purchases from China will slow as the country's economy softens, traders said. Wheat futures firmed despite worries about the viability of U.S. exports as investment funds covered short positions...

  • BEIJING, Sept 1- China's economy is growing at a reasonable rate with exports improving in August from the previous month, the country's top economic planning body said on Tuesday. He suggested that investors should not only focus on China's GDP growth rate but also should pay attention to China's reform progress. The softness in China's economic indicators in...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. The Chinese government's measure of manufacturing showed activity contracted at the fastest pace in three years, while a survey by Markit, which focuses more on smaller, private firms, showed the factory sector's weakest performance in 6-1/ 2 years. Even China's services sector, which has been one of...

  • What’s behind Korea’s export shocker? Tuesday, 1 Sep 2015 | 12:00 AM ET

    South Korea's 14.7 percent on-year fall in exports last month was the steepest decline since August 2009 and well below economists' forecasts.

  • *Exports hobbled by China, Korea's biggest market. Australia and New Zealand Banking Group cut its forecast for South Korea's 2015 economic growth by half a percentage point to 2.2 percent, which would be the slowest growth since 2009. ING cut its projection to 2.3 percent from the previous 2.5 percent. The Bank of Korea's monetary policy committee next reviews...

  • SEOUL, Sept 1- South Korea's exports fell for an eighth straight month in August and at the fastest pace since 2009, preliminary data showed on Tuesday, as an economic slowdown in its biggest trade partner China dissipates foreign demand. Exports slumped 14.7 percent on-year to $39.3 billion in August, posting their sharpest decline since August 2009 while...

  • SEOUL, Sept 1- Following are South Korea's preliminary export and import figures for August, released by the Ministry of Trade, Industry and Energy on Tuesday:. AUG* JULY Balance 4.3 7.7 Exports 39.3 46.6 -14.7 -3.4 Imports 35.0 38.8 -18.3 -15.3* Revised figures released on Aug. 13. NOTES:- Reuters poll: Exports were seen down 10.0 percent in August over a year earlier...