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Gap with U.S. widens for the first time in four years Japan's trade surplus with the rest of the world expanded for the second consecutive year in 2010, widening 153.4 percent to $82.56 billion, as exports grew faster than imports, according to preliminary figures released by the Finance Ministry on Thursday. Japan's overall exports rose for the firs...
Online tool through new JOC Exchange subsidiary will enable spot transactions UBM Global Trade, the parent of The Journal of Commerce, will launch a container slot e-marketplace this month called JOC Exchange that will use intelligent online technology to enable the buying and selling of spot market container slots. UBM will host the online marketplac...
South Korea posted its fourth- largest ever current account surplus in 2010, remaining in the black for the 13th straight year, the central bank said Thursday. Last year's current account surplus reached 28.21 billion U.S. dollars, down from 32.79 billion dollars the previous year, when it marked the largest ever surplus, the Bank of Korea (BOK) said. ...
The central parity rate of yuan, the Chinese currency, Thursday gained 2 points to 6.5876 against the U.S. dollar, according to the China Foreign Exchange Trading System. China's central bank announced in June 2010 it would further reform the exchange rate formation mechanism to improve its flexibility. On China's foreign exchange spot market, the yua...
U.S. crude oil futures price rose on Wednesday, despite a surprising gain in inventories. U.S. commercial oil stocks added 4.8 million to 340.6 million barrels last week, mostly attributable to a jump in imports, according to the Energy Information Administration's weekly report on Wednesday. However, the Federal Reserve announced it would continue its...
The U.S. dollar traded mixed against major currencies in late New York trading on Wednesday as the Fed announced it would continue its 600-billion-dollar quantitative easing policy. The Federal Reserve announced its decision in a statement following its policy-setting meeting. The Fed said the economic recovery is continuing, though at a rate that has b...
Japanese exports rose a better-than- expected 13.0 percent in December from a year earlier, suggesting Japan's export-led recovery may be getting back on track, the Finance Ministry said Thursday. According to the ministry, the value of exports in the recording period totaled 6,112.8 billion yen (74.5 billion U.S. dollars) and marked the 13th straight mo...
China remained a major victim of trade protectionism during the past year, witnessing 64 trade disputes in this period, covering some 7 billion U.S. dollars in value, China's Vice Commerce Minister, Zhong Shan, said here Wednesday. The country faced trade disputes with both developed countries and developing ones, which came from not only traditional sec...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
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