Trade Gap News
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The current-account deficit in the U.S. widened in the first quarter, aided by a jump in imports.
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Gold imports by India, the world’s largest consumer, are plunging as an increase in tax and restrictions on financing shipments boost costs for jewelers, helping the nation contain a record current-account deficit.
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Peru’s central bank probably will keep borrowing costs unchanged today for a 25th straight month on expectations that the economy will rebound from a first- quarter slowdown.
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Britain’s trade deficit narrowed more than economists forecast in April as imports declined faster than exports.
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German industrial production surged the most in more than a year in April as construction activity surged after an unusually long winter damped output.
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In 1973, Frenchman Francois Gernelle built the world’s first micro-computer. In the decades after, France looked on as International Business Machines Corp. and Apple Inc. spawned a multi-trillion dollar industry around it.
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The trade deficit in the U.S. widened in April from a more than three year low, reflecting a rebound in imports of consumer goods and business equipment that eases concern about the degree of slowing in economic growth.
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The worst month in a year for emerging-market currencies will prove to be more than a momentary bout of weakness to strategists at firms from UBS AG to Societe Generale SA who see the Federal Reserve weaning investors off its extraordinary stimulus.
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South Africa’s trade gap widened more than economists estimated in April as mineral and machinery imports climbed.
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Turkey’s trade deficit widened more than expected to $10.3 billion in April, sending bond yields higher and the lira down.
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