The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy
The Australian dollar shrugged off the Reserve Bank of Australia’s latest interest rate cut today, clawing back almost half of the value it lost yesterday, on the back of better Chinese trade data. The local unit traded around ...
Tags: China Surplus, Cool Dollar
The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, reported that total March exports of $184.3 billion and imports of $223.1 billion resulted in a goods and services deficit of $38.8 billion, ...
Tags: Mineral, Trade Deficit
China saw the increment of funds outstanding for foreign exchange (FOFE) reach a new high of CNY 1.2 trillion in the first quarter of this year. According to data released by the People's Bank of China (PBOC), the central bank, on April ...
Global demand for robots is forecast to increase nearly 11% per year through 2016 to $20.2 billion, outpacing both the world’s economy and overall manufacturing activity. The United States is projected to grow at more than 15% per ...
Tags: Processing Machinery, robots
The US Census Bureau and US Bureau of Economic Analysis, through the Department of Commerce announced Friday that total February exports of $186 billion and imports of $228.9 billion resulted in a trade deficit of $43 billion, down from ...
Tags: economy
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in January 2013 gave a 3.9 billion euro deficit, compared with -9.1 bn in January 2012. The December 2012 balance was +10.8 bn, compared with +8.0 ...
Tags: Euro Area Deficit, economy, EU27 exports
External trade statistics are of central importance to economic policy. Among other things, its foreign trade contribution shows how a country is positioned compared to its trade partners. But how much do official statistics really tell us ...
The Australian dollar was unchanged late in local trade today even after taking a dent from a decline in China's trade surplus in February. China's trade surplus fell to $US15.25 billion from $US29.15bn in January. Economists polled ...
The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 ...
Tags: Trade Deficit, crude oil, crude bitumen
Switzerland is one of the smallest countries in Europe and has very high living costs compared to other nations around the world. Yet, the country is not a member of the European Union (EU). Switzerland has no direct access to the sea, and ...
Tags: Switzerland, Enigma, economy
The sharemarket jumped to a 21-month high as stronger than expected trade data for China boosted confidence in Australia's biggest trading partner, and as the Reserve Bank said it had scope for further interest rate cuts. Shares were also ...
Tags: sharemarket, Shares, benchmark
The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Friday that total December exports of $186.4 billion and imports of $224.9 billion resulted in a goods and services deficit of $38.5 ...
Tags: Trade Deficit, economy, import&export
According to the Economic and Steel Market Outlook 2013-2014/Q1 2013 Report from the Economic Committee of the European Steel Association (EUROFER), in the first 11 months of 2012 European Union (EU) steel exports increased by 11 percent ...
Tags: Eurofer, Steel Exports, Mineral
Global demand for pumps is forecast to rise 6.4 percent per year through 2016 to $76.1 billion. Although growth will be healthy across the globe (spurred by recovery from the recent economic downturn), the drivers of growth will vary by ...
Tags: pump, pump demand, economic downturn