Trade News

China's yuan weakens to 6.4853 against USD FridayJun 10, 2011

The Chinese currency Renminbi, or the yuan,weakened by 23 basis points to 6.4853 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of the RMB against the U.S. dollar is ba...

S. Korea's producer price growth slows in MayJun 10, 2011

South Korea's producer price growth slowed in May amid eased oil price rises, the central bank said Friday. The producer price index (PPI), a barometer of future consumer inflation, increased 6.2 percent on-year in May after posting a 6. 8 percent on-year rise in the previous month, the Bank of Korea ( BOK) said in a statement. Producer prices recorded...

Chile, EU sign cooperation agreementsJun 10, 2011

Chile and the European Union (EU) Thursday signed cooperation agreements on tourism, industry, the standardization of norms and principles, and information exchange among enterprises. The agreements were inked by Chilean Economy Minister Juan Andres Fontaine and Vice President of the European Commission Antonio Tajani, who is currently on an official visi...

Trade between Israeli farms, Turkey booming amid diplomatic tensionsJun 10, 2011

Israel's kibbutz exports to Turkey during first quarter of 2011 grew by 12 percent despite political tensions between the countries. There are more than 250 kibbutz communal farms spreading across Israel. Exports to Turkey topped 28 million U.S. dollars in products ranging from irrigation systems, to plastic ware and food products, the Yediot Aharonoth d...

U.S. trade deficit drops 6.7% in AprilJun 10, 2011

The U.S. current account trade deficit fell 6.7 percent to 43.7 billion dollars in April, the lowest level since December 2010, the Commerce Department reported Thursday. The current account is the broadest measure of foreign trade because it measures not only trade in goods and services, which are tracked by the government on a monthly basis, but also i...

China's trade surplus rises to 13.1 bln USD in MayJun 10, 2011

China's trade surplus climbed to 13.05 billion U.S. dollars in May from 11.43 billion U.S. dollars in April, the General Administration of Customs (GAC) said on Friday. Exports rose 19.4 percent from a year ago to 157.16 billion U.S. dollars and imports jumped 28.4 percent to 144.11 billion U.S. dollars. In the first five months, trade surplus decrease...

Sri Lanka to enforce new regulation on food importsJun 9, 2011

Sri Lanka's health ministry has ordered the custom authorities to enforce a new strict regulation on food imports, a minister said Thursday. "According to the new regulation, food importers must ensure that the foods reach the country prior to a minimum of 60 percent of time before the expiry date," said Health Minister Maithreepala Sirisena. Sirisena ...

Ecuador, Spain agree to strengthen tourism cooperationJun 9, 2011

Ecuador and Spain on Wednesday signed a memorandum of understanding on expanding tourism cooperation in order to increase tourist flow between the two countries. The memorandum, providing guidelines for the next five years, was signed between Ecuador's Tourism Minister Freddy Ehlers and his visiting Spanish counterpart Joan Mesquida. It includes provis...

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