InfoAnda - US trade gap widens on record leap in imports

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

Seven NATO soldiers killed in Afghanistan | 7 July 2009
France to resume election race after gunman's death | | 24 March 2012
World's big polluters kick off climate talks in Washington | 18 September 2009

Noted African-American art collector dies in Ga. | 29 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : US trade gap widens on record leap in imports

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: US trade gap widens on record leap in imports AFP - Friday, September 11 WASHINGTON (AFP) - - The US trade deficit widened in July amid a record surge in imports and rising trade volume, government data showed Thursday in a fresh sign the economy is emerging from recession. ADVERTISEMENT The Commerce Department reported the trade gap jumped to 32.0 billion dollars, from a revised 27.5 billion dollars in June and eclipsing the average analyst forecast of 27.4 billion dollars. The trade shortfall was 16.3 percent higher than the previous month, the largest percentage increase in more than 10 years. The report added to recent signs of a nascent recovery in the world's largest economy and around the world from the worst downturn in six decades. "We are seeing steady growth in exports, suggesting that we are moving into a synchronized global expansion," said Brian Bethune of IHS Global Insight. First Trust's Brian Wesbury said the revival of international trade "supports the case that the US economy -- as well as some economies abroad, particularly in Asia -- are in a V-shaped recovery." The US trade gap had fallen in May to the lowest level since November 1999 as the global economic crisis strangled trade flows. In July, the trade deficit was 47 percent below the year-ago level. Trade volume, which had fallen for nine consecutive months from August 2008 to April 2009, jumped 3.6 percent in July, after a 2.3 percent rise in June. For the US economy, Joel Naroff of Naroff Economic Advisors saw a glass half-full in the report. "While wider trade deficits are normally not good news, in this case, the rise in demand for foreign consumer and business goods tells us the US economy is healing," said Christopher Cornell of Moody's Economy.com. agreed, saying the data confirmed the US economy had "turned the corner" from recent sharp declines. "The stage is set for recovery that we all hope will take flight in the coming months," he added. Imports rose 4.7 percent to 159.6 billion dollars, the highest monthly increase since the Commerce Department began publishing the data in 1992. "The impressive import numbers, if they hold up, point to a pickup in US consumer spending," said Jennifer Lee of BMO Capital Markets. Imports rose in most categories, led by a 21.5 percent surge in imports of autos and parts. Ian Shepherdson, chief US economist at High Frequency Economics, said that while the government's popular cash-for-clunkers auto scrappage program accounted for nearly half the gain in imports, "the underlying trend in the deficit is still downwards." Imports of industrial supplies rose by 3.9 percent, consumer goods by 5.0 percent and capital goods by 4.5 percent. Food imports were the exception, falling 0.9 percent. The politically sensitive trade deficit with China widened sharply, as imports increased by the strongest pace since November 2008, pushing the yawning gap up 2.0 billion dollars to 20.4 billion dollars. Critics accuse China, the United States's second-largest trading partner after Canada, of manipulating its yuan currency to gain an unfair trade advantage. Exports rose to 127.6 billion dollars, a 3.2 percent increase from June that was the strongest gain since May 2008, due in part to a 24.5 percent jump in autos and parts. The oil deficit increased by 600 million dollars to 17.9 billion dollars. The average price of imported crude oil climbed for the fifth month running, to 62.48 dollars a barrel, a gain of 59 percent from February. The trade deficit with Canada rose to 2.2 billion dollars from 1.5 billion dollars and that with the European Union vaulted to 8.0 billion dollars from 4.5 billion dollars. With Japan, the gap widened to 3.9 billion dollars from 3.7 billion dollars. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Enlarge Photo Newly imported cars fill the terminal lot at the Toyota Long Beach Vehicle Distribution Center at the Port of Long Beach, in 2008, in Long Beach, California. The US trade deficit widened in July as trade volume rose and imports surged, government data showed Thursday in a fresh sign the economy is emerging from recession. Most Popular – Top Stories Viewed Greenspan says further financial crisis 'inevitable' Refurbished Hubble reveals cosmic wonder Giant statues reveal red hat secrets: study OPEC holds oil output unchanged: statement Anti-piracy equipment dazzles defence fair View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 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, 11 September 2009
Iraqi shoe thrower might drop TV, turn to activism
Sarkozy pushes ahead with unpopular carbon tax
US Copyright Office concerned by Google book settlement
Russia says Iran proposals something to work with | International |
US new jobless claims fall to 550,000
Kurds demand security after bomb kills 19 in Iraq
EU 'not prepared' to lift Zimbabwe sanctions
Google to share scanned books with rivals
200 missing in Sierra Leone boat tragedy
Venezuela's Chavez draws closer to Moscow | International |
Iran will not talk about nuclear work with powers
Japan to send first cargo spacecraft to ISS
Hariri gives up bid to form Lebanon unity government
22 killed in Iraq suicide truck bomb attack
Medvedev targets Russia's weaknesses, pledges change | International |
Afghan commission orders first ballots invalidated
Mexico hijacker is singing, gunslinging evangelical | International |
Motorola unveils Google phone, carrier deals | Technology |
China protests Dalai Lama, Uighur speeches
Stampede kills 5 students at New Delhi school
China tainted milk parents warned against meeting
Key U.S. lawmaker seeks changes to broadband rules | Technology |
AP NewsAlert
Vietnam, US launch health panel on Agent Orange
Report: Japan executes mentally ill prisoners
The first tailors? Researchers find ancient fiber
Coast Guard to harness tide for electric power
Australian PM: War crimes probe creates challenges
Yale student disappears days before wedding
Wash. mayor loses primary race on coin flip
China military village grooms prize parade troops
Afghanistan: Doubt grows over another distant war
Home sought for bison languishing in quarantine
White House cautiously optimistic on stimulus jobs
Ohio cheetah is fastest land mammal, at 36 mph
Mild El Nino continues, strengthening expected
Beatles set to dominate UK charts once again | Entertainment |
CORRECTED: Future, past useless at my age, says actor Sharif
Chinese govt to help finish Revel's AC casino
Chinese gov't to finance rest of Revel's AC casino
Group says Myanmar hid billions in gas revenues
European firms want 'level playing field' in China
Japan's Suntory in talks to buy Orangina
Ex-Morgan Stanley banker guilty of insider trading
Pope invites world artists to Sistine chapel
NY's Met museum reattributes painting to Velazquez
City of Berlin wins top Spanish award
Akin brings comedy to Venice with `Soul Kitchen'
Clean-up at The Met uncovers 'real' Velazquez
Top cable programs for Aug. 31-Sept. 6
Fatih Akin cooks up 'Soul Kitchen' for Venice filmfest
Cash-strapped US art owners hit the pawnshop
Megan Fox, U2 on `Saturday Night Live' opener
Bachelors in Nigerian city flee as 'hunter' goes on prowl
US dampens hopes Iran offer will revive nuke talks
Twitter expands rules to allow advertising
Iran offers talks, but not on its nuclear program | International |
Storms delay Discovery landing: NASA
Layoff fears as GM picks Canadian buyer for Opel
NY Times defends mission of kidnapped reporter
Polo's Rugby launches iPhone app for custom shirts
US trade gap widens on record leap in imports
Iran offers talks, but not on its nuclear program
Needle attacks and rumors spread in China's Xinjiang | International |
Key U.S. lawmaker seeks changes to broadband rules
Israelis want peace but won't be suckers
Ally of Iran's Mousavi detained: reformist website | International |
Motorola unveils Android-powered smartphone, the Cliq
22 killed in Iraq suicide truck bomb attack
Japan new PM may pick cabinet next week | International |
Google to share scanned books with rivals
Switzerland bans civil servants from using Facebook
Violence, accidents are killing world's youth: study | International |
Blogs are Cuba's free speech outlet: media rights group
Pakistani forces arrest Taliban spokesman in Swat | International |
Panasonic offers changes in Sanyo takeover: EU
US-TECH Summary
Yemeni tribes kidnap Russian doctor: official | International |
Motorola unveils Android-powered smartphone, the Cliq
US military deaths in Afghanistan region at 746
US military deaths in Iraq war at 4,343
Obama picks GOP Senate aide for CFTC commission
North Korea makes new concession to South Korea
Obama honors 2009 Stanley Cup champion Penguins
Zoo tiger kills one in Vietnam: official
Nine held over new Xinjiang attacks: state media
UN urges Sri Lanka to free its staff
ACORN fires 2 after hidden-camera footage aired
Needle attacks and rumours spread in China's Xinjiang
Motorola unveils Google phone to muted response | Technology |
Ex-managers: security firm cut corners at embassy
Japan launches rocket carrying transport vehicle
Twitter expands rules to allow advertising | Technology |
Bad weather forces space shuttle to skip landing
Chinese legislator warns against protectionism
US-China extend dialogue to cover counterterrorism
Wallaby win buoys All Blacks for crunch Test
Obama seeks new momentum on healthcare effort
Fraud group voids ballots from Afghan election
Suit claims Milwaukee police coerced witnesses
Perry: Ranger teams to go to Texas-Mexico border
Korea Hot Stocks
Taiwan dlr hits 3-mth high on foreign fund inflows
Japan revised 2Q growth weaker than initial data
Seoul shares hit 14-mth high; banks fuel gains
Japan revises down 2Q economic growth
Markets bump up end-2009 S.Korea rate outlook
Disney says no plans to bring back Jackson 3D film
S.Korean T-bonds extend dive on rate hike concern
Japan revises down 2Q GDP to 2.3 percent growth
DeGeneres: She'll be honest but kind on `Idol'
China to maintain stimulus push: Wen
Porn, fireworks, diamonds made with child labor: US
DeGeneres' Idol gig splits fans but brings buzz | Entertainment |
Venice film festival gives voice to Iranian opposition
Judge: Seinfeld book doesn't violate trademark
Seinfelds beat plagiarism, defamation claims in NY
La Toya Jackson says Michael was 'God-like'
Oprah talk show to get second airing on radio | Entertainment |
Jackson tribute to kick off MTV Music Video Awards
Gwen Stefani rocks the '80s at NY Fashion Week
Toronto film festival raises curtain on Creation | Entertainment |
Almost 40 million people in America live in poverty
Record labels sue over use of songs on Ellen show | Entertainment |
Paris Hilton's wisdom immortalized in book of quotes | Entertainment |
Seinfelds beat plagiarism, defamation claims in NY | Entertainment |
Disney says no plans to bring back Jackson 3D film | Entertainment |
Afghan vote delay may help Taliban, US warns
Britain apologises to WWII code-breaker hero
Iran leader issues stern warning to opposition | International |
Prisoners riot at Iraq's Abu Ghraib | International |
Iran to 'confront' opposition groups: Khamenei
Washington sceptical over Iran nuclear talks offer
Iran's supreme leader warns opposition in sermon
Controversy deepens over Afghan hostage rescue
Russia's Putin says not yet decided on 2012 election | International |
Prisoners start fire, riot at Iraq's Abu Ghraib
Rockets hit Israel from Lebanon, no casualties | International |
Taliban could benefit from Afghan vote delay: US
China opposes Dalai Lama trip to disputed India state | International |
Britain says has major concerns about Afghan vote | International |
Nearly 10,000 Sri Lanka war refugees go home | International |
Riots rock Uganda capital for second day, 3 killed | International |
Motorola unveils Cliq, the Android-powered smartphone
Taiwan ex-president gets life for corruption
China says swine flu spreading inland
Studies: 1 dose of swine flu vaccine works
Career milestones of former Taiwanese president
Harvard's endowment drops sharply amid recession
Obama observing moment of silence for 9/11 victims
Survey: Dioxin levels high in Vietnam near US base
Students burn midnight oil at Boston college
US troops in Afghanistan run to remember 9/11
NATO: 2 service members killed in Afghanistan
The Nation's weather
Health negotiators look at malpractice changes
Taiwan's ex-president jailed for life over graft
2 Malaysia air force pilots killed in runway crash
Japan sends first cargo spacecraft to ISS
Census '10 puts states, groups in campaign mode
Timeline for the 2010 census
State-by-state breakdown of census response rates
Paris Hilton's wisdom immortalized in book of quotes
Oprah talk show to get second airing on radio
Japan's economic growth revised down
China banks lend $1bln to S.Africa's Standard Bank
Pakistani stocks end higher; rupee weakens
Foreign porn makers slam SKorea over discrimation
Japan stocks fall on weak dollar
Seoul shares gain 0.4 pct led by banks, retailers =2
Iranian street protests hit big screen in Venice
TABLE-Foreign trading in Taiwan stocks
Egypt Ramadan TV serials look to stir patriotism
Jet Airways in talks to end 'sick leave' strike
End of a textile era as Jacquard loom closes
China new loans rebound in August: central bank
Bacall, Corman, Willis to get honorary Oscars
Paris Hilton's wisdom immortalized in book of quotes
Organizers cancel Jackson Vienna tribute concert | Entertainment |
Oprah talk show to get second airing on radio
U.S. comedy, Israeli war movie lead race in Venice | Entertainment |
Dunne eulogized in NY as great dad, friend, gossip
Iranian street protests hit big screen in Venice | Entertainment |
Record labels sue over use of songs on "Ellen" show
Terrified Tom Ford launches debut film in Venice | Entertainment |
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