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Philippine President Benigno Aquino III on Monday assured the international community that the Philippines will fulfill its international commitments and become an exponent of the rule of law to make the country an attractive investment site. Addressing foreign dignitaries, government officials, and employees at the 43rd Association of South East Asian ...
German exports surged 3.8 percent in June on a monthly basis, raising its trade surplus to the highest level since October 2008, the Federal Statistical Office said Monday. The latest data showed that Germany's exports of goods and services jumped to 86.5 billion euros (112 billion U.S. dollars) in June, while imports climbed 1.9 percent from May to 72...
France's trade deficit widened to 24.5 billion euros (32.2 billion US dollars) in the first half of this year on soaring energy costs and a weak euro, official data released Friday showed. The trade deficit in the previous six-month period was 20.4 billion euros (26.8 billion U.S. dollars). "The widening trade deficit was due mainly to higher energ...
The U.S. Commerce Department on Friday set preliminary antidumping (AD) penalties on imports of drill pipe from China, a move that might escalate trade disputes between the two countries. The department said in a statement that it "preliminarily determined that Chinese producers or exporters of drill pipe have sold drill pipe in the United States at mar...
Exports of traditional Chinese medicine (TCM) in the global market were valued at 1.46 billion U.S. dollars, Wang Guoqiang, director of the State Administration of TCM , said Saturday. Wang, also vice minister of the health ministry, said the number of countries and regions which recognize the advantages and special features of TCM in treating modern di...
Singapore Prime Minister Lee Hsien Loong said on Sunday that the country's economy grew 17.9 percent in the first six months of this year, and the government is forecasting full-year growth of between 13 percent to 15 percent. Delivering the National Day Message, Lee said that the exceptional performance in the first half of this year is the fruit of S...
The Asia-Pacific Economic Cooperation (APEC) forum highlighted the need for structural reforms and cooperation with the Group of 20 major economies to realize balanced growth in the region during a high-level meeting in Beppu in southwestern Japan, local media reported on Saturday. The idea was agreed on by the representatives of the 21-member economies...
EXPERTS are warning that the euro zone's growth, so far boosted mainly by exports, will not be self-sustaining unless consumer spending rebounds, which has been held back by unemployment at near 12-year highs. Official euro zone retail trade figures show consumer spending remained soft in June. Markit said its final Eurozone Services Purchasing Man...
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