Wednesday, 01 May 2013 11:32
Posted by Parvez Jabri
SEOUL: South Korean exports in April rose 0.4 percent from a year earlier, with the trade balance showing a surplus for the 15th straight month, government data showed Wednesday.Brisk demand for South Korean cellphones and other electronic goods is being offset by the impact of a weaker yen, which is good news for Japanese rivals whose products are more affordable on world markets.South Korean exports in April increased to $46.29 billion, helped by a mild recovery in the global economy, according to the Ministry of Trade, Industry and Energy.Imports fell 0.5 percent to $43.71 billion, leaving a trade surplus of $2.58 billion, against a surplus of $2.14 billion a year earlier.But that was smaller than a surplus of $3.29 billion logged in March, with exporters suffering from the weaker yen, which the trade ministry said would continue to affect South Korean exports.Copyright AFP (Agence France-Presse), 2013 ...
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SEOUL: South Korean exports in April rose 0.4 percent from a year earlier, with the trade balance showing a surplus for the 15th straight month, government data showed Wednesday.Brisk demand for South Korean cellphones and other electronic goods is being offset by the impact of a weaker yen, which is good news for Japanese rivals whose products are more affordable on world markets.South Korean exports in April increased to $46.29 billion, helped by a mild recovery in the global economy, according to the Ministry of Trade, Industry and Energy.Imports fell 0.5 percent to $43.71 billion, leaving a trade surplus of $2.58 billion, against a surplus of $2.14 billion a year earlier.But that was smaller than a surplus of $3.29 billion logged in March, with exporters suffering from the weaker yen, which the trade ministry said would continue to affect South Korean exports.Copyright AFP (Agence France-Presse), 2013 ...
NEW YORK: The US Treasury's quarterly refunding statement on Wednesday will be the first in a cluster of highly anticipated releases this week, as investors question where further cuts in Treasuries issuance will come as the government heads into another round of negotiations over the debt ceiling.The Treasury has been slashing issuance of Treasury bills as it accumulates more cash from higher tax receipts, and some analysts are questioning if the cuts will extend to ...
BRUSSELS: Inflation across the 17-state eurozone eased further in April to 1.2 percent, comfortably below the European Central Bank's target of near-but-below two percent, official data showed Tuesday.Taken as a whole, April marked the third month in a row that the average annualised rate of price rises throughout the currency area -- home to some 340 million people -- came in on target, after 1.7 percent in March and 1.8 percent in February, according to ...
FRANKFURT: Unemployment in Germany rose in April as companies become more cautious about hiring in face of the slowing economy, but the labour market nevertheless remains robust, official data showed on Tuesday.On the face of it, headline unemployment fell this month, but that was due to seasonal factors, monthly data compiled by the Federal Labour Office showed.The raw or unadjusted jobless total fell by 77,541 to 3.02 million and the jobless rate -- which measures ...
MADRID: Spain's economy shrank 0.5 percent in the first quarter of 2013, official data showed Tuesday, as a job-killing recession gripped the country.Spanish gross domestic product dipped by 0.8 percent in the previous quarter and has been contracting since mid-2011, pushing the unemployment rate above 27 percent.Copyright AFP (Agence France-Presse), 2013 ...
FRANKFURT: Retail sales in Germany showed a slight decrease in March, but did not fall as sharply as analysts had expected, official data showed on Tuesday. Retail sales fell by 0.3 percent in March compared with February in price, seasonally and calendar-adjusted terms, according to provisional figures by the federal statistics office Destatis.Analysts surveyed by Dow Jones Newswires had expected a drop of around 0.6 percent this month, following a decline of the same magnitude ...
WASHINGTON: China committed more than $75 billion to Africa in the past decade, coming close to the level of US money although the nature of Beijing's support was far different, a study said Monday.The database released by the Center for Global Development aims to be the most comprehensive account yet of foreign assistance by China, which has faced criticism in Western countries suspicious of Beijing's motives.The report found that China committed $75.4 billion to Africa ...
