InfoAnda - US trade deficit swells amid record China gap

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.N. Security Council visits Haiti to assess security | | 14 February 2012
Oracle database can be hacked remotely: researcher | | 4 February 2010
Keegan Bradley: PGA champion shook off a triple-bogey to win | 16 August 2011

Red shirt protesters march on Thai military base | | 15 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : US trade deficit swells amid record China gap

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap US trade deficit swells amid record China gap AFP - 1 hour 7 minutes ago Send IM Story Print WASHINGTON (AFP) - – The US trade deficit ballooned in August as the gap with China hit a fresh record, official data showed Thursday, suggesting further weakness in the economic recovery. The Commerce Department said the August trade deficit rose nearly nine percent from July to 46.3 billion dollars. That was far worse than economists predictions of a 44.5 billion dollar gap. Despite exports of goods and services edging up to a two-year high, imports jumped even higher. "Our exports barely budged but we bought a lot more of just about everything including food, consumer goods, vehicles, capital goods and industrial supplies," said Joel Naroff of Naroff Economic Advisors. Imports increased 2.1 percent from July, to 200.2 billion dollars, while exports edged up only 0.2 percent, to 153.9 billion dollars. The August trade deficit was the second biggest since October 2008 when the global financial crisis accelerated, and confirmed a trend of widening gaps that began in mid-June 2009. The strong surge in US demand for imports, despite a weaker dollar, could lower widespread expectations the Federal Reserve will resume major asset purchases to boost the recovery. "The US is sucking in lots of goods from the rest of the world, which supports the case that monetary policy has already accomplished its job of reviving domestic demand," said Brian Wesbury, chief economist at First Trust Economic. The US surplus in services, a key trade strength of the world's largest economy, shrank for the third consecutive month as imports of services reached a record high. Americans' dependence on foreign oil and appetite for imported consumer goods once again caused imports to swell. In August, exports of goods were virtually flat, while imports of goods jumped 3.9 billion dollars to 166.7 billion. The department downwardly revised the July deficit to 42.6 billion dollars, from an initial report of 42.8 billion dollars. The politically sensitive gap with China expanded eight percent, to 28.0 billion dollars wiping out the previous record of 27.9 billion dollars set in October 2008. The United States has long criticized China's currency policy, accusing Beijing of keeping the yuan undervalued to gain an unfair trade advantage. The monthly trade report came on the eve of the scheduled release Friday of the US Treasury Department's assessment on currency manipulation. Treasury Secretary Timothy Geithner in April delayed the report, originally due an April 15, in a bid to pursue other ways to advance US interests with China. Currency tensions boiled over at last week's annual meetings of the International Monetary Fund, with China rejecting calls for a quick yuan revaluation. Thursday's trade report highlighted the difficulties of President Barack Obama's goal to boost exports to help get the economy into a sustainable recovery from the worst recession in generations. The report added fuel to the growing furor over China, widely blamed in the United States for job losses as cheap Chinese manufactured goods pour into the economy. The House of Representatives last month passed a bill that allows Washington to impose countervailing duties on imports from countries found to be manipulating their currencies. The news of a record-high trade deficit with China, the country's second-largest trading partner, also came less than three weeks ahead of crucial November 2 mid-term elections. Obama's Democratic Party is expected to lose seats in Congress to the Republican opposition. "The ongoing, American job-destroying leakage of national wealth to China confirms the House's wisdom in passing the anti-currency manipulation bill last month," said Alan Tonelson, a research fellow at the US Business and Industry Council. "President Obama finally needs to wake up as well, urge Senate passage, and help American businesses and their employees fight foreign protectionism," he said. Recommend Send IM Story Print News Search Top Stories US trade deficit swells amid record China gap Melzer defeats Nadal at Shanghai tennis Masters OPEC holds oil output, warns on risks to recovery OPEC maintains oil output quota OPEC begins output meeting, oil price firms More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Time to find a second Earth, WWF says 'Bandit' Obama billboard sparks storm in US city In Chile mine accident, 33 is lucky number Hubble captures first images of suspected asteroid collision World's 'smallest man' undergoes final checks for record More Most Viewed » Too much TV psychologically harms kids: study Workers swarm Europe's streets in anti-cuts protests British lottery winner gets record 129 mln euros 'A billion people' go hungry in 2010: report More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 15 October 2010
Sudan Abyei vote deadline "impossible"
French strike sparks street clashes, fuel warnings
France warns motorists against panic-buying fuel
Eight NATO soldiers killed in Afghanistan
Wave of takeovers as Chavez speeds up revolution |
Verizon to join AT&T in selling Apple iPads
Clinton urges wealthy Pakistanis to dig into pockets
NATO backs Taliban talks, vows no halt to military action
Chavez in Moscow to talk energy, defence
Melzer defeats Nadal at Shanghai tennis Masters
Bloggers bitter over Chile mine rescue in tragedy-hit Russia
At Lebanon border, Ahmadinejad predicts Israel's demise
French woman on trial for burqa assault |
Moody's downgrades US newspaper outlook to 'negative'
US trade deficit swells amid record China gap
Renegade commander starts talks with South Sudan |
Ahmadinejad declares "Zionists as mortal" near Israel border
US-TECH Summary
Ex-President Carter to start Mideast peace tour |
OPEC holds oil output, warns on risks to recovery
Third day of protests in France as strikes grind on |
Mobile phones help lift poor out of poverty: U.N. study
Israelis wary ahead of Ahmadinejad border tour
South Lebanon abuzz ahead of Ahmadinejad visit
Serra draws closer in Brazil poll, markets react |
Emotional Chile mine rescue strikes chord with public, media
Pakistan militant variety tests West security: U.S. |
Five NATO soldiers killed in Afghanistan
Pakistan flood reconstruction to cost $9.7 billion
Beijing officials trained in social media: report
NATO: 8 service members killed in Afghanistan
Clinton urges wealthy Pakistanis to dig into pockets
N.Korean agency apparently opens foreign-language website
China calls for resumption of N.Korea nuclear talks
Need a lift? Phone your car and it'll pick you up
Indonesia says China interested in shipwreck treasure
Mobile phones help lift poor out of poverty: U.N. study
Jolie battles to film directorial debut in Bosnia
U.S. says to do "whatever it takes" on Afghan talks
Mobile phones help lift poor out of poverty: U.N. study |
Hiroshima, Nagasaki protest US nuclear test
FCC weighs creating fund to boost broadband |
A Minute with: Clint Eastwood on death, afterlife
Hitler exhibition breaks taboos in Berlin
Thai PM says intervention cannot stop baht's rise
Global regulatory body agrees on new banking rules: official
Japan will take 'resolute' action on yen if needed: Kan
Toyota mulls halting Corolla exports on strong yen: reports
Hilary Swank film draws ire of victim's family |
Singer Christina Aguilera files for divorce |
Furor over Ground Zero mosque prompts View walkout |
Lady Gaga buys back unreleased music from auction |
After Chile rescue, U.S. to get mining reality TV show |
Star Wars dub sends jobbing ad man into orbit |
Taliban torch NATO truck in Pakistan, two dead
Russia, Georgia talks 'difficult' over refugees
Heartfelt homecoming for Chile's rescued miners |
French strike sparks street clashes, fuel warnings
US soldier may face punishment for aid worker death
US videogame sales remain uninspired
Indestructible McDonalds burger amazes US
Chavez in Moscow to talk energy, defence
China leaders gather to map economic, political plans |
Sudan Abyei vote deadline "impossible"
Google profit soars in third quarter
Ahmadinejad, near Israel border, says "Zionists mortal"
Obama Congratulates Chile's Pinera
Administration Moves Against Court Ruling On DADT, Obama Promises Otherwise
"Supernanny" Premiere Takes On The Show's Most Troubled Teen
Ed Gordon To Interview Condoleeza Rice On BET
AMD posts net loss, beats expectations
Chest Compressions May Be Key To Heart Attack Patients' Survival
U.N. envoy urges sanctions for rebel over Congo rapes |
shares surge on acquisition report
Funkshion: Fashion Week Miami Fast Approaching This Month
Havana takes a hit as Tropical Storm Paula passes |
Katy Perry, Paramore To Salute The Troops On "VH1 Divas" Special
U.S. offshore agency excited over Google power line
Blumenthal Gains In Connecticut; McMahon Still Unpopular With Women
Sudan Abyei vote deadline impossible: north |
Disney Reveals "Who Is Hannah Montana?" On New DVD
Reform calls mount as China's Communists meet
Bruno Mars Spends Fourth Week At #1 On Billboard Hot 100 With "Just The Way You Are"
North Korean appeal over age-lies ban rejected
Texting tops with US teens
Tom Cruise eyed for role in 'Top Gun' sequel: report
Latest Wall Street movie 'just a drama', says director
Lutheran church celebrates 100 years in Namibia
Seagate in buyout talks, TPG involved: sources |
Pakistan flood reconstruction to cost $9.7 billion
Facebook joins forces with Skype
Sony Ericsson Q3 phone shipments fall, profits hit |
Feng shui gives Italian wine the feel good factor
Melzer defeats Nadal in Shanghai surprise
Texting tops with US teens
Obama 'trapped' by Bollywood kidnap comedy
Pakistan foils plot to kill prime minister
US-ENTERTAINMENT Summary
Singapore businessman withdraws Liverpool bid
U.S. offshore agency excited over Google power line |
US, reversing course, backs Afghan peace effort
Tom Cruise eyed for role in 'Top Gun' sequel: report
Philippine massacre clan member killed: police
Sorkin defends "Social Network" in blog comment
Marvel, ABC prep TV return for "Incredible Hulk"
De Niro, Weaver to star in "Red Lights"
US porn movie shutdown grows after HIV scare
Weinstein Co. to appeal "Blue Valentine" rating
AirAsia planning to list Thai unit next year
China says yuan must not be 'scapegoat' for US woes
Seoul shares end up 0.1 pct on tech shares
China housing prices resume rise in September
Jackass 3D expected to lead weekend box office |
Honda recalls 127,000 cars in Brazil
Rapper T.I. denies suicide save was publicity stunt |
Taiwan stocks fall, pulled down by HTC and Mediatek
Tom Cruise eyed for role in 'Top Gun' sequel: report |
Pakistani July-Sept foreign investment falls 28.5 pct
Oprah gives Jon Stewart audience D.C. rally tickets |
Sopranos colleagues reunite for '60s-set film |
India's Infosys second quarter profit up 13.2 percent
Weinstein Co. to appeal Blue Valentine rating |
Japan ready to intervene again on strong yen
De Niro, Weaver to star in Red Lights |
PAKISTAN
Marvel, ABC prep TV return for Incredible Hulk |
Sorkin defends Social Network in blog comment |
Amy Adams, Chris Cooper eyeing Muppet movie |
TED Talks take to iPad
NATO allowed Taliban official to Kabul: Petraeus |
Sarkozy sends in police to break fuel blockade
Dollar under pressure before Bernanke speaks
Russia to build nuclear power station in Venezuela |
Prosecutors launch tax inquiry against Berlusconi
Paris airports pipeline cut amid protests: company
Hungary spill plant to restart, villagers return |
World's longest tunnel nears completion under Swiss Alps
Iran welcomes nuclear talks offer, seeks dates |
World's longest tunnel completed under Swiss Alps
Swiss break through in world's longest tunnel |
Somali gunmen abduct British aid worker, free Somali |
Russia to build nuclear power plant in Venezuela |
Nigeria court sacks state governor months before polls |
Palestinians protest new Jerusalem housing plan |
US drone strike 'kills three in Pakistan'
China metes out fines for Brazil basketball brawl
Sacked Pakistan judges fear repeat performance
Tight military budgets scale down South China Sea wargames
Tom Cruise eyed for role in "Top Gun" sequel: report
Pakistan says willing to assist Afghan talks
Thousands in Rome to celebrate Australia's first saint
Oprah gives Jon Stewart audience D.C. rally tickets
Google trumps Wall Street targets |
Pakistani stocks end up; rupee weakens; o/n rates flat
Reform calls mount as China's Communists meet
HP hires Nokia exec to run mobile software |
Taiwan dlr eases on c.bank selling after volatile wk
Activists challenge Beijing over Nobel prisoner
Non-retail video game sales hit $2.9 billion |
Hackers in China steal S.Korean secrets: Seoul
Japan warns of more currency intervention
Japan's political kingpin Ozawa fights indictment
Japan exits Iran's biggest onshore oil field project
Indian students slam Bollywood's 'inaccurate' Aussie flick
Mother of teen "sex addict" sues "Tyra" show
"Sopranos" colleagues reunite for '60s-set film
Oprah gives Jon Stewart audience D.C. rally tickets
Richards: Mick Jagger was unbearable |
Mother of teen sex addict sues Tyra show |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01