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In August, the US trade deficit reached a maximum of six months value of 53 billion 200 million dollars, having increased from 50 billion dollars in July, official data showed. Experts had predicted an even stronger growth - up to 53 billion 600 million dollars. The figure is growing, despite the efforts of US President Donald Trump to achieve its reduction due to trade disputes with China, the EU, Canada and Mexico. The trade deficit with China rose to a record size in August. And although the United States, Canada and Mexico reached an agreement on trade between these countries, Donald Trump retained import duties on steel and aluminum for Canada and Mexico.
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 ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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 ...
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