This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale.Hong Kong finance chief Paul Chan Mo-po has announced the city will…
The much improved (or rather less horrible?) trade deficit was one of the reasons GDP was much stronger than expected.
By Wolf Richter for WOLF STREET.
The US trade deficit in goods and services in the year 2023 improved by 19%,…
The numbers: The U.S. trade deficit rose slightly in December, but the annual gap still fell to the lowest level in three years and added to economy’s strong performance in 2023. Record deficits in 2021 and 2022,…
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury…
Chinese Yuan banknotes are seen behind illuminated stock graph in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - China's new sovereign bonds will help…
New numbers show the US government’s spending exceeded its revenues to the tune of more than a trillion dollars in the recently concluded fiscal year.
The data comes from the newly released Congressional Budget…
Weekly jobless claims increase 2,000 to 207,000Continuing claims slip 1,000 to 1.664 millionTrade deficit contracts 9.9% to $58.3 billion in AugustWASHINGTON, Oct 5 (Reuters) - The number of Americans filing new claims for unemployment…
When Saudi Arabia announced at the June OPEC meeting that it will reduce its oil production by 1 million barrels daily, traders basically brushed it off.When it announced it would extend these cuts through August, with Russia saying…
March exports up 4.3% yr/yr, slowing from Feb +6.5%China-bound exports down 4th mth despite lifting 'zero corona'FY2022 trade deficit 21.7 trln yen - largest amount on recordTOKYO, April 20 (Reuters) - Japan's export growth slowed in…