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USs Reid Sees Senate Votes Next Wk On China FX, Jobs, Trade
After a day of behind-the-scenes negotiating and nearly an hour of sharp exchanges on the Senate floor about arcane parliamentary rules between Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell, Reid said Thursday night that hes working to arrange a series of conseque… read full news Published: Fri, 07 Oct 2011… »
US Data’s Next week: Retail, PPI/CPI/Import Prices, U/Mich, Trade
In the week ahead, the first wave of economic data for the start of the second quarter 2011 continues with retail sales numbers and some of the inflation indicators. There will also be an early take on consumer confidence for the month of May. The pace remains brisk for the release of first quarter earnings… »
Exports Rise But Trade Deficit Widens – US-FOREX.US
U.S. exports are on the rebound, but rising oil prices widened the trade deficit in June.”The global business cycle is in a state of repair and that involves trade building itself back up, even if it means a modest widening of the deficit,” said Steven Wieting, chief U.S. economist at Citigroup. The trade deficit widened… »
Chinas Recession Isnt Over July Statistics Show – US-FOREX.US
TOKYO – The green shoots that some economists see peeking up through the recession may not be bamboo just yet. China’s economy continues to suffer, a raft of economic figures released for July reveal, but Beijing’s enormous 585 billion stimulus program seems to be catalyzing spending at home. “With the global recovery unlikely to be… »
China Fears More Protectionism – US-FOREX.US
China vowed to use World Trade Organization tools to protect its exporters from trade protectionism cases. The Ministry of Commerce predicted China will be a major target of trade protectionism and thus will encounter more anti-dumping, anti-subsidy and special protection cases, especially from the U.S. and India, as these trading competitors are striving to survive… »
Canon No Smiles For The Camera – US-FOREX.US
Japan’s high-tech exporters keep reporting bad news, even as data has begun showing the recession could end soon. Today’s dismal report came from Canon , one of the giants of the country’s consumer-electronics industry. Canon’s woes stem from the familiar litany of recession-induced ills: a strong yen has made Japanese goods expensive in other parts… »