exports

G-7 to Help Weaken Surging Japanese Yen

The Group of Seven countries on Thursday agreed to intervene to reduce the value of the Japanese yen, which has surged to record levels after last week's earthquake and tsunami.

Next Commerce Chief Will Play Key Role on Exports

This week, President Obama announced that he's nominating Commerce Secretary Gary Locke as U.S. Ambassador to China. There are several short-list contenders to replace Locke at Commerce, but the question is: Who would best be able to help Obama double U.S. exports in the next five years?

Manufacturing Is Building Hopes for the Economy

The U.S. manufacturing sector is a sight for sore eyes: After more than a year of expansion, it's still growing, as American factories continue to churn out the equipment, machines and products that emerging-market nations need to develop their infrastructures.

How to Stitch Cotton Into Your Portfolio?

Among the questions investors now face: How much rally is left in cotton since skyrocketing 171% already in a year? Among the variables to consider are weather, demand and how much more land gets devoted to cotton. Analysts point to better and worse ways to play this commodity.

The Trade Deficit's Untold Story: Rising Exports

The trade deficit's rise to just under $500 billion in 2010 obscures an impressive rise in global sales of U.S. goods, and the outlook for 2011 is even better. But to reach a trade surplus, the U.S. must solve two serious problems.

U.S. National Debt Is Huge, but It's Not a Catastrophe

True, the U.S. national debt is large and it should be reduced at some point, but does a large national debt doom a nation to economic ruin? Only if you believe that nations like Germany, France, and Japan are economic basket cases too.

Healthy Surprises in the Fourth-Quarter GDP Report

Consumers reopened their wallets and manufacturers slashed inventories, indicating they're getting ready to ramp up production of more goods this year. Also contributing to growth were rising exports and falling imports. But just how good will 2011 prove to be?

What Does Chinese Inflation Mean for Americans?

China's economy is clearly in the midst of an inflationary pop. And most American consumers might think that will translate directly to the prices we pay here. But once you put U.S.-China trade in a larger context, it becomes clear that this less likely to be the case.

Three U.S. Stocks to Buy After China's White House Visit

President Obama brought executives from 13 major U.S. firms to the White House Wednesday to meet with Chinese Premier Hu Jintao. The corporate leaders will surely be angling for better access to China's markets, which could boost their stocks. But only a few are actually good investments now.

How to Succeed in Boosting Exports: 10 Easy Lessons

President Obama has set a goal for the nation -- doubling U.S. exports in the next five years -- and helping smaller businesses is a big part of his plan. But for advice from the trenches, we've interviewed five executives at global export leaders and gleaned 10 tips you can apply to your own company.

How Long Is America's Road Back to Full Employment?

There's no way to sugarcoat it: The U.S. job deficit is huge, and it will take years before we return to anyone's idea of full employment. But investors shouldn't become pessimistic: Our flexible economy%u2019s has the capacity to adapt and renew itself faster than many experts expect.

New U.S. Trade Deals With China

Two days of talks with a high-level delegation from China produced results that should benefit U.S. companies ranging from manufacturers of computer software and wind turbines to beef producers.

U.S. Trade Deficit Plunges as Exports Hit Two-Year High

Aided by a jump in exports and a dip in imports, the U.S. trade deficit unexpectedly plunged to $38.7 billion in October, the U.S. Commerce Department said. A weaker dollar is making U.S. industrial and agricultural goods and services more attractive to foreign customers, including emerging market economies developing their infrastructures.

The Trade Deal With Korea Will Beef Up U.S. Meat Exports

Since the mad cow scare of 2003, South Korea has been a tough market for U.S. beef: The country first banned it, then severely limited imports. But a pending new Free Trade Agreement could mark the resumption of normal trade, and the start of a more prosperous era for American beef exports.

U.S. Manufacturing Grew a Bit Slower in November

A key U.S. manufacturing index unexpectedly dipped slightly in November, but it remained at a level that indicates that the industrial expansion continues. Led by export demand, the factory sector expanded for the 16th consecutive month.

Record Corporate Profits Are Coming Out of Workers' Hides

The Commerce Department reports that U.S. corporate profits have hit historic highs, so why isn't the GOP -- the party of business -- celebrating? After all, those profits are coming not from revenue growth -- which would benefit workers and executives -- but from cost cutting.

U.S. Economy Grows Slightly More Than Expected

U.S. GDP increased a revised 2.5% in the third quarter, slightly better than expected, and above the initially estimated 2.0% rate, as stronger exports, investment, and spending boosted commercial activity in the world%u2019s largest economy.

Philly Fed Index Hits a High
for This Year

Manufacturing activity in the mid-Atlantic region unexpectedly surged in November, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed's Business Outlook Survey index jumped to 22.5 in November from 1 in October, it's highest reading since December 2009.

U.S. Manufacturing Output Rises 0.5%, the Most Since July

The nation%u2019s manufacturing recovery accelerated in October as factory output jumped 0.5%, the Federal Reserve said. Overall industrial output was flat in the month, but the typical autumn plunge in utilities output skewed the top-line stat lower.

China Trade Surplus Grows to $27 Billion

China posted its second-largest trade surprlus of the year in October, giving further ammunition to critics who say that the country%u2019s currency should be stronger. The country%u2019s October exports were worth $27.15 billion more than its imports for the month, the largest figure for any month this year except July, MarketWatch reported.

China, Germany Criticize U.S. Quantitative Easing

China and Germany, the world%u2019s second-largest and fourth-largest economies respectively, expressed concern about Federal Reserve plans to pump $600 billion into the U.S. economy. The Fed announced plans to buy $600 billion of assets earlier this week. The Fed hopes that the move, known as quantitative easing, will help boost the U.S. economy and lower unemployment.

As the Dollar Sinks, Prices of Essentials Soar

Intended or not, the Fed's quantitative easing policies are destroying the dollar's value. And that in turn is pushing prices of commodities that Americans need -- such as instance food, cotton and oil -- ever higher. And that hurts companies as well as consumers.

Australia Raises Interest Rates to Control Inflation

Australia raised interest rates in a bid to control inflation amid an export boom. The country%u2019s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.

China's Economy Grew 9.6% in Third Quarter

China%u2019s economy grew at an annual rate of 9.6% of the third quarter, slightly ahead of expectations. The economy%u2019s vigorous growth comes as Chinese policy makers grow increasingly concerned about rising prices. Inflation accelerated to an annual rate of 3.6% in September, the highest in almost two years, Bloomberg News said.

China Vows to Maintain Rare Mineral Supply

China vowed it would maintain the supply of rare minerals and said it may boost 2011 exports of the substances. The Chinese Commerce Ministry denied reports that it would further reduce export quotas.

August Trade Gap Grows Due to Oil, Chinese Imports

The U.S. trade deficit unexpectedly jumped to $46.3 billion in August, as the nation%u2019s deficit with China surged to a record $28 billion -- pushing overall imports up 2.1%, while overall exports rose just 0.2%. Oil prices were the other key culprit as our petroleum deficit surged 5.7%.

Can the Global Economy Thrive Without the U.S.?

Three years ago, the financial crisis that hit America spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the world doesn't have to catch a cold.

Asian Economies to Grow by 8.2% in 2010

Asian economies will grow by 8.2% in 2010, according to a new report. "Strong export recovery, robust private demand, and the sustained effects of stimulus policies allowed the region to experience solid growth in the first half of 2010," The Asian Development Bank said. "This improved performance is broad-based and is projected to carry on for the rest of the year."

Why China Is Becoming
More Assertive

With its economy growing rapidly even as much of the developed world struggles, tensions are mounting. China has recently crossed Japan and India, in addition to ongoing conflicts with the U.S. Fairly or not, China is being singled out as currency manipulator.