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The US external deficit in December 2018 amounted to 59 billion 800 million dollars, an increase of 9.5 billion dollars compared with November and having reached its maximum since October 2008, the Department of Commerce reported. According to experts, the deficit was expected to increase to 49 billion 300 million dollars. Imports increased 2.1% to $264 billion 900 million. Exports showed record growth rates, an increase of 1.9% to 205 billion 120 million dollars. At the end of 2018, a trade deficit in the amount of $621 billion was recorded, which is 12.5% more than in 2017. This is a record figure since 2008. The negative trade balance with China increased to a historic high of 419 billion 200 million euros. The trade deficit with Mexico increased by 15%, with Germany - by 7.2%.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
Britain’s retail industry encouraged UK and EU negotiators to arrive at a post-Brexit trade deal. This came after the retail industry stated that consumers will endure higher prices from next year if a tariff-free trade is not guaranteed. Thousands ...
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