In April, South Korean exports headed north at a much faster-than-expected pace, ascending for a sixth straight month backed by sturdy demand for high-tech memory chips as well as adding confirmation to perceptions of broad revival in the world economy.
In April exports to America grew, though South Korea's trade surplus with that country edged down on an annual basis for the same period. That’s what Monday's data disclosed, easing worries that Washington might impose protectionist measures, which could affect South Korea's economy.
The previous week Donald Trump told that he was considering changing a free trade deal with South Korea or even scrapping it entirely.
As preliminary data revealed April's exports increased 24.2% compared to last year’s outcome, hitting $51.01 billion. Meanwhile, imports inched up 16.6%, being worth $37.75 billion to generate a $13.25 billion trade surplus, as the Ministry of Trade, Industry and Energy informed.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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