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Business / Economy Sep 10, 2018
Japan's current account surplus drops to ¥2.01 trillion in July, government data shows
Japan's current account surplus dropped 14.4 percent to ¥2.01 trillion ($18.12 billion) in July from a year earlier as goods trade registered red ink for the first time in two months on oil import surges, government data showed Monday. The country had a goods trade ...
Business / Economy Sep 10, 2018
Bashir to sack Sudan Cabinet as economic crisis grows, inflation soars
Sudan President Omar al-Bashir has decided to sack the country's 31-member Cabinet and form a new government to tackle a growing economic crisis, the presidency announced on Sunday. Bashir is expected to announce his decision at a late-night meeting of the top leaders of his ...
Business / Economy Sep 9, 2018
China's trade surplus with U.S. hits record $31 billion in August
China's trade surplus with the United States widened to a record $31 billion in August as exports surged despite American tariff hikes, potentially adding fuel to U.S. President Donald Trump's battle with Beijing over industrial policy. Exports to the United States rose 13.4 percent to ...
Business / Economy Sep 7, 2018
U.S. employers added 201,000 jobs in August ; unemployment stays at 3.9 percent
Hiring picked up in August as U.S. employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration's conflicts with U.S. trading partners. The Labor Department says the unemployment rate remained at 3.9 percent, near ...
Business / Economy Sep 7, 2018
Japanese household spending posted first rise in six months in July
Households increased spending for the first time in six months in July, government data showed Friday, providing a positive sign in the world's third-largest economy despite it being just a slight uptick in expenditures. Spending by households with two or more people edged up 0.1 ...
Business / Economy Sep 4, 2018
Trump tariff fight adds to China's economic challenges as retail, other sectors sag
China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world's No. 2 economy was already forecast to cool from 6.8 percent last year to a still-robust 6.5 percent this year. Communist leaders who are trying to ...
Business / Economy Sep 4, 2018
Maduro buys gold to boost savings amid Venezuela's five-digit inflation but few other takers seen
President Nicolas Maduro said he is investing part of his personal savings in a gold-backed certificate as part of a much-questioned plan to crush hyperinflation and reactivate Venezuela's moribund economy. Maduro and first lady Cilia Flores were the first in line at the central bank ...
Business / Economy Sep 3, 2018
Japan saw capital spending rise at fastest pace in over a decade in April-June quarter
Investment by all nonfinancial sectors for purposes such as building factories and adding equipment increased by 12.8 percent from a year earlier, with spending reaching ¥10.66 trillion.
Business / Economy Sep 2, 2018
China Party journal warns of trade war's impact on financial stability
A Chinese Communist Party journal has said that the country may experience near-term pain from trade friction with the United States, including a negative impact on financial stability, but China's stable growth trend would not change. A commentary published Saturday in the ideological journal Qiushi, ...
Business / Economy Sep 1, 2018
RCEP negotiators agree on package of trade objectives to be reached by year-end
Meeting in Singapore, the 16 participants hammered out a road map of sorts for creating the world’s largest free trade area.
Business / Economy Sep 1, 2018
BOJ chief Haruhiko Kuroda rules out hiking interest rates for 'quite a long time'
As its U.S. and European peers tighten monetary policy, the chief of Japan’s central bank clarifies that its July policy phrase “an extended period” means “quite a long time.”
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