Trade Balance News
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China’s trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp. says.
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Spain posted its first monthly trade surplus on record in March as imports slumped, after government budget cuts undermined domestic demand.
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Barbados trade deficit widened to 242 million BDS$ in December from the same time last year, according to the Central Bank in Bridgetown.
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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.
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Spain posted its first monthly trade surplus on record in March, underscoring the country’s improved competitiveness, Economy Minister Luis de Guindos said.
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The following is the text of Canada’s international merchandise trade report for March from Statistics Canada.
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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.
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The rand gained for a second day and bond yields fell to record lows on speculation South Africa’s trade deficit reduced last month.
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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.
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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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