The U.S. trade deficit unexpectedly jumped to $46.3 billion in August, as the nation’s deficit with China surged to a record $28 billion. Oil prices were the other key culprit as the petroleum deficit surged 5.7%.
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Three years ago, the financial crisis spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the w…
Asian economies will grow by 8.2% in 2010, according to a new report.
“Strong export recovery, robust private demand, and the sustained effects of stimulus policies allowed the region to experience solid growth in the first half of 2010,” The Asian Development Bank said. “This improved performance is broad-based and is projected to carry on for the rest of the year.”
The bank…
Continue reading Asian Economies to Grow by 8.2% in 2010
Asian Economies to Grow by 8.2% in 2010 originally appeared on DailyFinance on Tue, 28 Sep 2010 08:29:00.
Filed Under: Economy, Investing, Currency, Market News
With its economy growing rapidly even as much of the developed world struggles, tensions are mounting. China has recently crossed Japan and India, in addition to ongoing conflicts with the U.S. Fairly or not, China is being sin…
China raised antidumping duties on U.S. chicken products, saying that the goods are being dumped in the Chinese market.
China raised the minimum chicken duty to 50.3% from 43.1% on U.S. chicken products, MarketWatch reported. The maximum antidumping tariff remains 105.4%.
A report into the products showed that U.S. chicken was being sold at below fair value.
“Dumping duties exist in…
Continue reading China Raises Anti-Dumping Duty on U.S. Chicken
China Raises Anti-Dumping Duty on U.S. Chicken originally appeared on DailyFinance on Mon, 27 Sep 2010 07:30:00.