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Australia's exports remain strong as the Asian economy keeps growing, said Australian economists on Thursday after official data showed a trade surplus of more than 2. 5 billion U.S. dollars in October. Economist Ben Jarman from Australia's financial services firm JP Morgan said the headline number was broadly in line with market forecasts and predict...
Brazil posted a trade surplus of 14.9 billion U.S. dollars in the first 11 months of 2010, down 35.4 percent from the same period last year, the Development, Trade and Industry Ministry announced on Wednesday. The sharp fall was attributed to a rise in the imports, which were boosted by the good conditions of the Brazilian economy in 2010. Imports total...
China's net coal imports are expected to jump a staggering 63 percent to more than 200 million tons in 2011, as domestic output struggles to keep pace with blazing demand, Reuters reported on Nov 30, citing Citigroup. Booming demand from power, steel and cement producers will boost China's domestic coal demand by 7.3 percent next year from a year ago,...
BEIJING - Experts have reminded consumers, many of whom have turned to overseas-made dairy products after the melamine scandal in domestic baby formulas, not to believe blindly in foreign dairy items after 670 tons of imported milk products were found to be substandard from March to August this year. The General Administration of Quality Supervision, In...
BEIJING - China's factory output continued to strengthen in November, with the greatest improvement in the official purchasing managers' index (PMI) in the past seven months, but the fast clip in input prices still points to rising inflationary pressure, analysts said. The PMI, which measures industrial activity, rose to 55.2 in November from 54.7 in ...
Chicago grain futures hiked Wednesday as U.S. dollar dropped, increasing the appeal of U.S. agricultural export in the overseas markets. Wheat jumped the most in seven weeks on speculations that the excessive rain in eastern Australia may pose a threat to crop quality and delay harvest in the world's fourth-largest wheat exporter. The most active corn ...
Russia and the European Union were expected to sign a document Dec. 7 concerning Russia's accession to the World Trade Organization, Deputy Prime Minister Alexander Zhukov said Wednesday. Speaking at the seventh session of the Russian-Spanish inter-governmental commission on economic and industrial cooperation, Zhukov said Russia's accession to the WT...
China has been trying to generate more demand from itself, which is likely to become the engine of world economy in 5-10 years, an economist with the University of Chicago said Tuesday. Raghuram Rajan, former chief economist of the International Monetary Fund, told a forum here that China had pledged to be independent from foreign capital for growth in ...
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