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In January, the US trade deficit was fixed at the level of 51 billion 100 million dollars. According to the country's Department of Commerce, the figure fell by 14.6% against December, showing the fastest rate of decline since March 2018. Economists had expected it to be reduced to 57 billion dollars. Exports amounted to 207 billion 300 million dollars, up 0.9%. Growth was observed in deliveries of soybeans, automobiles and spare parts for them, while exports of capital goods declined. Imports amounted to 258.5 billion dollars, which is the lowest figure since June 2018. Its volume relative to the previous month fell by 2.6%. In January, there was a drop in imports of capital goods, semiconductors and civil aircraft. Oil was imported to the value of 1 billion 400 million dollars less than in December. The trade deficit with China fell to $33 billion 200 million.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
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