June 7th, 2012
Trade Deficit Drags on Economic Growth, Jobs
Friday, the Commerce Department is expected to report the deficit on international trade in goods and services was $49.3 billion in April, down from $51.8 billion in March.
Top News
- White House insists Obama was not involved in IRS May 19, 2013WASHINGTON (AP) β A top White House adviser insisted Sunday that President Barack Obama learned the Internal Revenue Service had targeted tea party groups only "when it came out in the news" while Republicans continued to press the administration for more answers. […]
- Analysis: Airline emissions deal may not come before EU deadline May 19, 2013By Allison Martell (Reuters) - Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink of a trade war over the European Union's emissions trading system. Last November the EU suspended its controversial scheme to force all ai […]
- Analysis: Frontier Markets booming but risks mounting May 19, 2013By Manuela Badawy NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record. Even the biggest investors acknowledge that "frontier markets […]
- Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers May 19, 2013By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labor climate. Africa's biggest economy is hoping to avoid the 2012 wildcat str […]
- German minister calls EU move on China solar 'grave mistake' May 19, 2013BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict. "It's a grave mistake," Roesler told Welt am Sonntag newspaper on Sunday. […]