China’s trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp. says.
Spain posted its first monthly trade surplus on record in March as imports slumped, after government budget cuts undermined domestic demand.
Barbados trade deficit widened to 242 million BDS$ in December from the same time last year, according to the Central Bank in Bridgetown.
France’s exports of grains including wheat rose in March, helping to reduce the effect of lower shipments of processed agricultural products from wine to candy.
Spain posted its first monthly trade surplus on record in March, underscoring the country’s improved competitiveness, Economy Minister Luis de Guindos said.
The following is the text of Canada’s international merchandise trade report for March from Statistics Canada.
Mexico’s peso was set for a weekly gain after the government reported a March preliminary trade balance that was wider than forecast and a local bond rally attracted foreign investors.
The rand gained for a second day and bond yields fell to record lows on speculation South Africa’s trade deficit reduced last month.
The World Bank lowered its forecast for Mongolia’s economic expansion this year on falling exports and foreign investments, and said the government needs to better manage spending.
Argentina’s international reserves will drop to $37.5 billion as capital controls erode the country’s trade balance, according to JPMorgan Chase & Co.
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