InfoAnda - US trade gap widens as China deficit hits record

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

Taylor Swift's New Fragrance Wonderstuck Coming in October | 18 July 2011
Yunel Escobar comes through as Blue Jays rally past Pirates | 30 June 2011
North Korea issues no-sail warning; missile eyed | 25 June 2010

China says no change to property measures | 13 July 2010

Forum Views () Forum Replies ()

Read more with google mobile : US trade gap widens as China deficit hits record

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 gap widens as China deficit hits record AFP - 2 hours 22 minutes ago Send IM Story Print WASHINGTON (AFP) - – The US trade deficit grew in December as imports rose at the fastest pace since June, while the politically sensitive gap with China hit a record for the year, official data showed Friday. Despite a solid rise in US exports, the data showed that a surge in consumer spending and a jump in commodity prices help hike the country's imports bill. The Commerce Department reported the country's trade deficit in goods and services rose to a seasonally adjusted $40.6 billion, from $38.3 billion in November. The rise was a tick higher than the $40.4 billion expected by most analysts, but remained below the 2010 peak of $50.0 billion in June. Both import and export volumes rose, reflecting growth in a recovering global economy led by China and other major emerging economies. "Continued strength in the global economy, especially in Asia, is likely to keep exports on its recent impressive trajectory while the expected moderation in consumer spending -- after an unusually strong fourth quarter -- is likely to cool import growth," said David Resler at Nomura Globa Economics. President Barack Obama's plan to double exports by 2015 to help to spur jobs creation appeared to get a boost after December exports surged to the highest level in more than two and a half years. The US sold $163.0 billion in goods and services to foreign countries in December, up 1.8 percent from the prior month. Exports of goods, at $115.5 billion, were the strongest since August 2008, the month before the Lehman Brothers bankruptcy brought the nation's troubled financial system to the brink of collapse. But imports increased at the fastest pace since June, by 2.6 percent to $203.5 billion, crossing the $200 billion threshold for the first time since that month. Amid rising oil and commodity prices, imports of foods, feeds and beverages hit an all-time peak of $8.0 billion. Joel Naroff of Naroff Economic Advisors noted that more than 80 percent of the import goods rise came from crude oil, petroleum and fuel oil purchases. "Rising energy costs are bleeding the economy," he said. Though the trade gap with China shrank 19 percent to $20.7 billion, for all of 2010, it swelled to $273.1 billion, topping the 2008 record of $268.0 billion. For the second year running China surpassed Canada as the largest seller of goods to the United States. The report was likely to fuel US accusations that China deliberately keeps the yuan currency undervalued to boost exports. While the Treasury Department cleared China of charges of currency manipulation a week ago, it still urged Beijing to allow the yuan to trade more freely, and in Congress several lawmakers said this week they would revive legislation to punish China for alleged unfair trade practices. For all of 2010, the US trade deficit of $497.8 billion was sharply bigger than the prior year's $374.9 billion, but well below the 2008 level of $698.8 billion. Obama's pledge in January 2010 to double exports between 2009 and 2014 appeared to be on track after exports rose 16.6 percent last year. US exports made strong gains last year, rising 21.6 percent with Canada and 26.7 percent with Mexico. To fast-growing emerging economies, exports surged 32.2 percent with China and 35.8 percent with South Korea, while exports to Brazil soared 35.5 percent. In low-growth Europe, however, exports were up 9.0 percent to the eurozone, led by an 11.3 percent rise with Germany, the biggest economy. Exports to Japan rose a solid 18.4 percent. International trade was one of the most important drivers of the economy in the final quarter, US data showed. Gross domestic product grew 3.2 percent from a year ago in the October-December period, thanks to an estimated contribution from exports of 3.5 percentage points. Recommend Send IM Story Print News Search Top Stories US unveils housing market overhaul Egypt Live Report US trade gap widens as China deficit hits record De Beers returns to profit in boom year for diamonds S. African wins World Press Photo award More Top Stories » ADVERTISEMENT Most Popular Most Viewed US golfer Woods finds old habits hard to shake Russia loses military satellite: reports US auto sales jump 17 percent in January Dow closes over 12,000 for first time since June 2008 Egypt's Mubarak to step down at September election More Most Viewed » 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 © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 12 February 2011
Egypt Live Report
Assange made 'enemy number one': lawyer
Assange lawyer says Swedish PM prejudices case
Egypt Live Report
'Beware friendly US,' Ahmadinejad warns Egyptians
Swiss father admitted to 'killing missing twins'
End of Mubarak era as protests topple president
US unveils housing market overhaul
Swiss freeze possible Mubarak assets |
US trade gap widens as China deficit hits record
Mubarak steps down: Vice President
Gaza celebrates Mubarak exit; Hamas demands change |
Instant view
Brazil arrests 35 in swoop on Rio police corruption |
Egyptians' reaction to Mubarak stepping down
US-TECH Summary
Cuba releases another political prisoner |
South Sudan army clashes with renegade kill 105
Nokia joins forces with Microsoft to beat competition
Egypt minister plays down military role
7.0 quake shakes Chile capital Santiago: USGS |
Egypt army says ready to lift state of emergency
Wave of Tunisian migrant arrivals alarms Italy |
Japan emperor diagnosed with artery condition
Saving south Sudan's 'lost mothers'
Dogs sexier than smartphones: Retrevo
10 Indonesians arrested over religious violence
Cartoon news is the future: Hong Kong media mogul
Global minimum and maximum temperatures
Beating ban stirs debate in S. Korean schools
Lacroix celebrates allure of the Orient
Astronaut's space tales aim to inspire
Smartphone makers to woo developers in Barcelona |
Groupon pulls controversial Tibet Super Bowl ads |
Micron upbeat on DRAM and NAND memory prices |
Telus profit surges on data and wireless revenue |
Lady Gaga's new single compared to Madonna |
US-TECH Summary
Jeff Beck hopes to make a Commotion at Grammys |
Smartphone makers to woo developers in Barcelona
Behind-the-scenes of Glee's music |
German cross-eyed opossum to predict Oscars on TV |
New dawn for Egypt as Mubarak toppled
Diplomatic crisis over Frenchwoman jailed in Mexico
World leaders hail Mubarak resignation
Egyptian activist creates image issues for Google
Father of missing twins revealed he killed girls: police
Republicans plan cuts to US State Dept, UN contribution
Fireworks, carnival erupt at toppling of "Pharaoh"
Activision says sharper focus will pay off
Jubilant Egyptians pray as post-Mubarak era dawns |
Swedish PM 'harmed chances of Assange fair trial': lawyer
US unveils housing market overhaul
FACTBOX-Egyptian opposition reaction to Mubarak resignation
Telus profit surges on data and wireless revenue
US trade gap widens as China deficit hits record
Google says 'I do' to wedding planning
From London to New York, Egyptians are jubilant
Diplomacy stalemate over North Korea's nuclear programme |
Nokia joins forces with Microsoft in mobile phone 'war'
Obama urges Egyptian army to ensure democratic change
Top U.S. military officer to visit Israel and Jordan |
Gaza celebrates Mubarak exit; Hamas demands change
Groupon pulls Tibet, whales, rainforest ads
Support for Japan government drops below 20 percent: survey |
Factbox
Colombian FARC rebels release two more hostages |
Could smartphones go stupid?
Systematic rape continues on Congo-Angola border: U.N. |
Web makes 15 mins fame a lifetime of shame
Australian newspaper boss arrested in Myanmar
Liz Taylor in hospital for heart condition
World leaders hail Mubarak resignation
Groupon pulls controversial Tibet Super Bowl ads
Witness: Joy at Mubarak's demise contrasts with tense accession |
German cross-eyed opossum to predict Oscars on TV
Liu Xiang in third on European return
US-TECH Summary
China downplays news of Egyptian uprising
Nokia joins forces with Microsoft in mobile phone 'war'
China AIDS activist gets 1-year prison sentence
Myanmar junta tells people to protect 'democracy'
Soul legend Franklin takes in Pistons game
Weather forecast for the Asia-Pacific region
US-ENTERTAINMENT Summary
Taiwan protests name change in banking group
"King's Speech" expected to pass $200 million
Al Pacino to play Matisse in new movie
Liz Taylor in hospital for heart condition
Egyptian activist creates image issues for Google |
Activision says sharper focus will pay off |
Elizabeth Taylor treated for congestive heart failure
Rihanna rehearsing for Grammys despite illness
Angelina Jolie denies reports of Haiti adoption
Luxor a tourist ghost town amid uprising
Pakistan flag-carrier's head resigns to end strike
Behind-the-scenes of Glee's music
Pakistan national airline staff end strike -pilots
Pakistani rupee at 8-½ month high; stocks fall sharply
Pakistani airline employees end 4-day strike
Elizabeth Taylor treated for congestive heart failure |
Angelina Jolie denies reports of Haiti adoption |
King's Speech expected to pass $200 million |
Rihanna rehearsing for Grammys despite illness |
Greece blasts EU-IMF asset sale demand
Yap.TV lets viewers chat as they watch
Erik Guay claims ski world downhill gold
Obama's high-speed rail faces political challenge
Palestinian Authority calls election |
Algeria police stifle Egypt-inspired protest |
Armed Yemeni government supporters break up protest |
Suicide bomber kills 28 and wounds dozens in Iraq |
Pakistan court orders arrest of ex-president Musharraf |
Taliban assault on Afghanistan police headquarters kills 16 |
Civil servant in Fujian paid for doing nothing
Witness: Will history repeat itself in Egypt? |
Taiwan president directs government to monitor commodity prices
Dong devaluation no worry for Thai exports
Diesel subsidy extended again in Thailand, biofuel content cut
Thriving spas draw tourists to Bali
S. Korea's central bank puts off key rate hike
Chicago conductor gets pacemaker after fall
Pakistan International Airlines flies as MD quits
Two insurgents, policeman killed in South Thailand
Pakstani c.bank to buy t-bills in 6-day reverse-repo
S. Korea strives to curb home rent prices
Indian exports up 32.5 percent on Western demand
Norwegian investors in Pakistan to be given full security: PM
Assange lawyer says Swedish PM prejudices case |
Rock 'n' roll on sick list as Grammys and fans go pop |
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		BlogMeter 1.01