The country's first trade surplus since March 2014 is likely to add to GDP growth , says Tapas Strickland at National Australia Bank.
*Trade swings to A $1.2 bln surplus from A $1.1 bln deficit. SYDNEY, Jan 6- Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall that all but rules out the risk of recession for the resource-rich nation. Friday's data from the Australian...
Governments are promising their people things that are beyond their control, says Enrico Letta at Sciences Po.
*Trade swings to A $1.2 bln surplus from A $1.1 bln deficit. SYDNEY, Jan 6- Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall for mining profits, national income and tax revenues. Friday's data from the Australian Bureau of Statistics...
Strategists at Citi have pointed to four U.S. stock strategies that break with a crowded consensus.
Improved commodity prices and a weaker Australian dollar helped to drive the trade surplus, says Savanth Sebastian at CommSec.
A raft of data from China in coming weeks is expected to show the world's second-largest economy carried solid momentum into 2017.
Hensarling, chairman of the House Financial Services Committee, said in general he prefers tax reform to more taxes.
Trump, who will formally become President on Jan. 20, has vowed to either scrap or renegotiate the North American Free Trade Agreement, under which Canada sends 75 percent of its exports to the United States. Trump has recently attacked auto manufacturers which plan to expand capacity in Mexico, promising to impose taxes unless they shift production to the...
Shares of Constellation Brands drop nearly 7 percent on Trump's tax proposals despite the company's earnings beat.
CNBC's Phil LeBeau reports on Toyota Motor's response to a tweet from President-elect Trump about its plans to manufacture cars at a plant in Mexico.
James Albertine, Consumer Edge senior auto analyst, discusses President-elect Donald Trump's tweet attacks on automakers.
Jan 5- Constellation Brands Inc, which makes most of its beer in Mexico, reported a higher-than-expected quarterly profit, but investors remained jittery about President-elect Donald Trump's proposals to tighten cross-border trade. The company's shares, which makes beers such as Corona and Modelo in Mexico and imports them to the United States, fell as much...
CNBC's Steve Liesman talks to San Francisco Fed President John Williams about Donald Trump's tweet against Toyota Motor, the effect of trade barriers on the economy and fiscal policy.
Discussing auto production and trade and President-elect Trump's rhetoric with Bob Lutz, former GM vice chairman and CNBC Contributor.
Shares of Constellation, which makes most of its beer in three plants in Mexico and imports them to the United States, fell as much as 8.9 percent to $144. Trump's comments on building a wall between Mexico and the United States and his proposal of abandoning the North American Free Trade Agreement in favor of higher taxes on imports have raised concerns among...
"I could certainly see this group promoting tariffs that are not WTO-consistent," says a former assistant U.S. trade representative.
Trump has rattled Beijing by appointing people in his administration who are critical of China's trade practices.
"Of course the negotiations will be tough and they will be complicated," said Philip Hammond, the British Chancellor of the Exchequer.
James Barty, head of European equity and global cross asset strategy at BofA Merrill Lynch, discusses potential issues for equity markets in 2017.