Trade surplus surprise may force RBA hand
A larger than expected trade surplus is likely to keep the central bank focused on a possible rise in the official interest rate over the next few months, economists say.
Surplus police guns headed for US
ALMOST 10,000 Australian police-issue guns will flood the US arms market after two state police departments opted to trade in their old weapons.
South Korea Has $2.85 Billion Surplus In February
South Korea posted a merchandise trade surplus of $2.85 billion in January, the Ministry of Knowledge Economy said on Tuesday. That was well above forecasts for a surplus of $1.673 billion following the $2.915 billion surplus in January.
China’s January trade surplus narrows to $6.5B
China’s politically sensitive trade surplus narrowed sharply in January to $6.5 billion _ the smallest gap in nine months as growth in imports outpaced exports.
Jan- Sept: export: $1.07 Trillion, up 22% import: $893 billion, +29% total trade: $1.9 Trillion, +25% trade surplus: -2.6% China-EU trade: $322B, +25% For the month of September alone: China posts another record trade surplus despite global slowdown 1 day ago BEIJING (AFP) — China said Monday its trade surplus hit a monthly all-time high of 29.3 billion dollars in September despite slowing global demand brought on by the financial crisis. Exports in September reached 136.4 billion dollars, up 21.5 percent over the same month last year, while imports during the period were 107.1 billion dollars, up by 21.3 percent, the General Administration of Customs said. The previous monthly surplus record was 28.7 billion dollars in August. China’s trade surplus for the first nine months of the year reached 180.9 billion dollars, down 2.6 percent year-on-year, the administration said on its website. Despite the unexpectedly high trade surplus for September, China’s exporters would not be able to avoid the global economic downtown that has been exacerbated by the crisis embroiling financial markets, analysts said. “September’s new record high surplus was mainly a reason of slowing import growth, due to the pullback of international raw materials prices,” Ma Qing, Beijing-based economist with CEB Monitor Group, told AFP. “We are holding a cautious attitude to the outlook of China’s import and exports. We expect both to fall further in the future because Sino-US trade will definitely go …
Euro zone Sept trade surplus bigger than expected
BRUSSELS (Reuters) – The euro zone had a bigger than expected trade surplus in September, data showed on Monday, as export growth outpaced the rise in imports year-on-year. The European Union’s statistics office Eurostat said the 16 countries using the euro had a trade surplus with the rest of the world of 2.9 billion euros in September, up from 1.4 billion last year and a deficit of 5 billion …
Trade surplus widens as tepid economy restrains imports
New Zealand’s annual traded surplus widened last month as the nation shipped more dairy products, logs and crude oil while a tepid domestic economy constrained imports.The trade surplus was $921 million in the 12 months ended…
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