China’s trade surplus with the rest of the world grew more than expected in June, according to numbers released Saturday.
The Chinese government said its trade surplus was $20.02 billion in June, higher the expected amount of $14.6 billion. The surplus was larger than May’s $19.5 billion, which itself was the result of high growth in [...]
Archive for the ‘US Deficit’ Category
China reports surprising trade surplus jump
July 10th, 2010 by HardMoney Writer
Tags: central bank, chief economist, china economy, Dow Jones Industrial, economic growth, Financial Markets, global economic, hard money lenders, Hard Money Loans, investments, wall street
more...Factory orders fall 1.4 percent in May
July 3rd, 2010 by HardMoney Writer
Orders to U.S. factories declined broadly in May after nine straight months of gains, raising new concerns that the recovery is stalling.
The Commerce Department said Friday that orders for cgoods decreased 1.4 percent in May. It was the biggest drop since March 2009.
Excluding the volatile transportation sector, orders fell 0.6 percent. That number fell 0.7 [...]
Tags: business, commerce department, consumers, economy recovery, financial, leading economist, US Economy, us manufacturing
Euro-zone troubles may keep stocks on edge
May 15th, 2010 by HardMoney Writer
Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again.
A $1 trillion rescue package unveiled at the week’s start gave only temporary relief to investors, who are increasingly worried about the impact of the crisis on the global recovery [...]
Tags: Commodities, debt crisis, Dow Jones Industrial, economy, financial, financial market, global recovery, stock market, stocks, US Economy, wall street
Moody’s downgrades Greek banks, long slump feared
March 31st, 2010 by HardMoney Writer
Moody’s credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country’s public debt crisis — including painful austerity measures and a long recession.
The credit rating agency said the outlook on the banks — National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank and [...]
Tags: borrowing costs, credit rating, debt crisis, financial crisis, greek banks, recession
Manufacturing execs more upbeat on recovery
March 30th, 2010 by HardMoney Writer
U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday.
But that new confidence does not signal a pickup in hiring, with less than half of U.S. manufacturing officials expecting to boost their companies’ employment, the [...]
Tags: business activity, economy recovery, european union, united technologies, us manufacturing
China economy to grow 12 percent in Q1
March 29th, 2010 by HardMoney Writer
China’s annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industrial output growth last month.
Yu Bin, head of macroeconomic research at the State Council Development Research Center, said the Chinese economy would face relatively heavy downward pressure on [...]
Tags: china economy, economic growth, financial crisis, shanghai securities
Economic growth revised slightly lower in Q4
March 26th, 2010 by HardMoney Writer
The economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply from the prior quarter, government data showed on Friday.
Analysts said while the report was evidence the economy emerged from recession in the second half of 2009, the underlying growth pace was not robust enough [...]
Tags: economic growth, financial services, recession, stocks rose, unemployment
Housing market’s recovery appears at risk
March 24th, 2010 by HardMoney Writer
The recovery in the housing market is at risk of collapsing.
Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go up after next week, when the Federal Reserve ends a program that has driven them down.
The trend could threaten the broader economy, economists warn. People whose home [...]
Tags: Federal Reserve, foreclosures, home equity, home sales, housing market's, mortgage rates
KB Home posts smaller loss in 1Q
March 23rd, 2010 by HardMoney Writer
KB Home posted a smaller loss its fiscal first quarter, as the homebuilder saw signs of stability in the housing market.
KB Home said Tuesday its new home orders increased 5 percent to 1,913 in the quarter compared with the prior year. In another positive sign, the number of buyers canceling contracts fell to 22 percent [...]
Tags: buyers, home orders, homebuilder, housing market, interest rates, kb home, unemployment
UK industry group sees 2010 growth as sluggish
March 22nd, 2010 by HardMoney Writer
Economic recovery in Britain will be sluggish through the middle of next year as lending remains tight and both the government and the private sector look to pay off debt, the Confederation of British Industry forecast Monday.
The influential business group said the economy will remain fragile as stimulus measures including a temporary sales tax cut [...]
Tags: economic adviser, economy recovery, private sector, uk consumer, uk industry
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