Agriculture outlook is cautiously optimistic Nov 21, 2009
All things considered, agriculture is weathering the current economic downturn pretty darn well thanks in a large part to exports. For the last two years, exports accounted for 33 percent of cash receipts for agriculture ... Most private economists are forecasting a falling dollar in the year ahead, but the U.S. could see a rise in farm exports, which makes the U.S. more competitive overseas. (Mattoon Journal-Gazette, IL)
Pleased to meet you Nov 21, 2009
China has been accusing America of imposing protectionist tariffs on some of its products, while many American politicians are resentful of what they see as Chinese efforts to boost exports by manipulating its currency. The president will probably avoid repeating such accusations in public. (The Economist)
Sugar Price to Remain `Firm' Next Year, Australia's Biggest Exporter Says Nov 21, 2009
Weve had a strong run, , chairman of the company that ships 95 percent of the nations raw sugar exports, said today in an interview with Bloomberg Television. We are going to have prices that will stay fairly firm for the next 12, maybe 18 months. (Bloomberg -- Australia & New Zealand)
Food: If words were food, nobody would go hungry Nov 21, 2009
When Thailand and Vietnam, the world s two largest rice exporters, banned exports, the Philippines, the world s largest importer, concluded that the international grain trade could no longer be trusted to supply its needs. Fearing what might happen as a result of India s poor harvest this year, the Philippines in the past two weeks has concluded contracts to buy 1. (The Economist)
Malaysian Economy Shrinks Less Than Estimated as Asia Recovery Strengthens Nov 21, 2009
Over the medium term, the continued improvement in exports and acceleration in domestic demand will cement the Malaysian economic recovery, said , an economist at Moodys Economy ... 6 percent in the third quarter from a year earlier and exports of goods and services dropped 13. (Bloomberg -- Asia)
Asian Currencies Drop Amid Capital Controls Risk, Led by Indonesian Rupiah Nov 21, 2009
Nov. 21 (Bloomberg) -- Asian currencies fell this week, led by Indonesias rupiah, on speculation regional policy makers will restrict capital inflows to prevent appreciation that may hurt exports. The Indonesian central bank is studying the possibility of limiting foreign holdings of Bank Indonesias bills, Senior Deputy Governor Darmin Nasution said Nov. 19. (Bloomberg -- Asia)
Japan wants yen to be the anchor of Asia Nov 21, 2009
In the short-term, the ministry of finance is worried about the impact of a stronger yen on Japan's exports, but in the medium and long term its concerns focus on the threat posed by China to Japan's leadership role in the region ... The senior official expressed some surprise that policy makers in the eurozone were not more troubled by the weakness of the dollar against the single currency, a trend which is making exports from Europe more expensive. (Yahoo News -- Asian Economy)
Three Key Lessons from Obama's China Tour Nov 21, 2009
China's response to Obama could be read as: "Running the world is your gig, we're focused on running our own country, and ensuring security in our immediate neighborhood. We want harmonious relations with you, but don't expect us to do anything that we deem harmful to our national interests." That means no serious sanctions against Iran, regardless of what deals are struck between Washington and Moscow, because China's national interests require growing Iran's energy exports. 3. (Time.com)
Can China's Backwaters Save the Global Economy? Nov 21, 2009
China has come to depend too much upon exports and investment for growth. What's needed is economic rebalancing, so that domestic consumption contributes more to expansion. (Time.com)
Mexico GDP Fell Less-Than-Forecast 6.2% in the Third Quarter From Year Ago Nov 21, 2009
Mexico had been hobbled by the slowdown in the U.S., the destination for 80 percent of its exports. Latin Americas second-largest economy got a boost in the third quarter as the recovery in the U.S. increased demand for televisions and car parts, aiding the manufacturing industry, said , senior economist at IXE Grupo Financiero SA in Mexico City. (Bloomberg -- Latin America)
Chile Peso Volatility to Dive After Best World Gain, Societe Generale Says Nov 21, 2009
The peso is up 27 percent this year, prompting De Gregorio to say at a conference in Santiago yesterday that we dont rule out intervening again to shore up exports. De Gregorios hand has been tipped, Anderson said in a telephone interview. (Bloomberg -- Latin America)
Sub-Saharan Africa: Challenges for 2010, Remarks by Ms. Antoinette Sayeh, Director, African Department of the International Monetary Fund Nov 20, 2009
But the indirect evidence, such as monthly data on imports, exports, and tax revenues, is consistent with economic activity in most countries having bottomed out in the first half of this year. The question now is whether the region will be able to recover relatively quickly and preserve the hard-won gains of the last decade. (IMF News)
PDVSA Profit Falls 67% on Price Drop, Production Cuts to Meet OPEC Target Nov 20, 2009
Crude exports fell 4 ... This drop is mainly due to the fall of prices for Venezuelan oil exports and the production cuts in compliance with the decisions made by OPEC at the end of 2008, PDVSA said about the profit declines in todays earnings statement. (Bloomberg -- Latin America)
China's economy to expand 9.4% in 2010, report forecasts Nov 20, 2009
4 percent next year on the growth of domestic consumption and improving exports, said a report released Friday by the Beijing-based Renmin University of China ... Liu predicted that China's exports would rise 13 ... China's exports dropped 13. (Xinhuanet, China)
Chile Peso Volatility to Dive After Best World Gain, Societe Generale Says Nov 20, 2009
The peso is up 27 percent this year, prompting De Gregorio to say at a conference in Santiago yesterday that we dont rule out intervening again to shore up exports. De Gregorios hand has been tipped, Anderson said in a telephone interview. (Bloomberg -- Latin America)
Japan Warns That Deflation Can Drag on Recovery Nov 20, 2009
1 percent, took a slightly more upbeat view in its monthly assessment of the economy because of an improvement in exports and private consumption. The mixed outlook comes at a crucial juncture for the world's second-largest economy. (ABC News -- Business)
Obama, China, and wishful thinking about American jobs Nov 20, 2009
Net exports to other nations, especially the US and Europe ... The Chinese government also wants to create more jobs in China, and it will continue to rely on exports. (Christian Science Monitor)
Steel: Chinese output to beat demand Nov 20, 2009
Chinese steel output might outpace demand growth this year, spurring exports in the last two months, the China Iron Association said yesterday. Output might rise to a higher-than-expected 565 million tons, and demand might rise to 549 million tons, said vice-chairman Luo Bingsheng, adding to fears that rising supply would depress prices. (Business Report, South Africa)
Banyan: Land of Eastern promise Nov 20, 2009
When that show is over, the skew in China s economy an undervalued currency, a mercantilist bias in favour of manufactured exports and an obsession with accumulating foreign reserves remains less the solution to global imbalances than one of the fundamental causes ... It imports more than it exports, creating much needed global demand. (The Economist)
Charlemagne: A new balance in Europe Nov 20, 2009
The two sides have lots of mutual interests the EU buys more than half of all Russian exports, and provides two-thirds of Russia s foreign direct investment. Yet an odd mood of surly indifference surrounds Russia-EU ties. (The Economist)
Ore prices not so iron-clad Nov 20, 2009
Australia remains dependent on commodities for more than half its exports, with shipments to China of iron-ore and related concentrates alone worth $22 ... 9 billion ($14 billion) to raise production and exports, including funding two new iron ore mines. (Sydney Morning Herald -- Business)
Japan wants yen to be the anchor of Asia Nov 20, 2009
In the short-term, the ministry of finance is worried about the impact of a stronger yen on Japan's exports, but in the medium and long term its concerns focus on the threat posed by China to Japan's leadership role in the region ... The senior official expressed some surprise that policy makers in the eurozone were not more troubled by the weakness of the dollar against the single currency, a trend which is making exports from Europe more expensive. (Yahoo News -- Asian Economy)
Market Forecaster Nov 20, 2009
The only demand revision was a 50 million bushel reduction in exports to 2 ... 695 billion, raised exports by 25 million to 1 ... 220 bb last month, but lowered exports by 25 mb, resulting in an ending stocks figure of 885 mb, the highest stocks in ten years and the highest usage ratio (42 percent) since 1987/88. (Midwest Bulls Eye, NE)
Emerging-Market Currency Measures Won't Reverse Gains, Brown Brothers Says Nov 20, 2009
South Korea, India, Indonesia and Kazakhstan also signaled this week they are considering measures to halt the appreciation of their currencies, which have slowed exports and threaten to undermine their economies ... Finance Minister said the gains threaten the countrys exports when he implemented the so-called IOF tax on Oct. 19. (Bloomberg -- Latin America)
Top Eurobank prepares for 'global economic collapse'... Nov 20, 2009
We need your pension to throw beer down teenage throats and pander to unmarried teenage mothers"! Peter A on November 19, 2009 at 06:41 AM Its not about as much (what) is invested in its (who). Laban at least understood this much , the strange works and acts , are not to be understood completely as much he was getting large complimentary side dish for his investment in Jacob. Similar examples of this can be seen with Daniel and Joseph, and others. However sad it is this has been forgotten... (The Drudge Report)
* Standard forecasts a U-shaped recovery Nov 20, 2009
Standard Chartered economist Tony Phoo (]) forecast that Taiwans GDP would dip 5 percent this year from a year ago before rising 3 percent next year on the back of a slow recovery in exports ... Besides, the recovery in exports was uneven, he said. (Taipei Times, Taiwan -- World)
* BHP Billiton chief executive cautious on global recovery Nov 20, 2009
BHP Billiton chief executive Marius Kloppers said strong commodity exports had underpinned a world-beating performance by Australias economy during the worst global downturn since the Great Depression. But he warned the bounceback had been slower than expected in advanced nations and the transformation of Chinas economy would be a complex and unprecedented process that should not be taken for granted. (Taipei Times, Taiwan -- World)
Ahmadinejad Welcome by Lula May Weaken Trust in Brazil as It Expands Trade Nov 20, 2009
Brazilian exports to Iran, which holds the worlds second- biggest oil and natural gas reserves, account for less than 1 percent of the countrys abroad. Iranians are ready to buy or rent land in Brazil to grow soy and corn to help assure supplies and will also consider producing ethanol, Shaterzadeh said. (Bloomberg -- Latin America)
Bovespa Declines on New Tax Concern, Commodity Slide; Real, Bolsa Retreat Nov 20, 2009
Finance Minister Mantega said the gains threaten the countrys exports. Foreign inflows slowed after the IOF tax, spurring concern from BM&FBovespa SA, the operator of Latin Americas largest exchange, that investors would choose to invest in Brazilian stocks trading in overseas markets rather than in Sao Paulo. (Bloomberg -- Latin America)
FMM: Worst is over for Malaysian exports Nov 20, 2009
PETALING JAYA: There are signs of recovery in the countrys exports with regional trade picking up the slack from traditional export markets, said Federation of Malaysian Manufacturers president Tan Sri Mustafa Mansur. Nevertheless, the overall picture for exports is still unstable, according to Mustafa ... I think weve reached rock-bottom and for Malaysia, the worst month for exports was April, he said. (The Star Online, Malaysia -- Business)
How China and the US can boost the global economy Nov 20, 2009
Moreover, as noted recently by President Hu Jintao, China will be taking further steps to boost household spending and reduce reliance on exports in the period ahead. Much is already being done. (Christian Science Monitor)
Gross Says China Has Own Bubble to Face as Exports Fail to Find Consumers Nov 20, 2009
83 per dollar since July 2008 by buying the greenback to help sustain exports amid a global economic slump. The nation, with the worlds largest foreign-exchange reserves of $2. (Bloomberg -- Asia)
Switzerland and the EUDefence Nov 20, 2009
However, this is not strictly adhered to, and in recent decades matters such as the banning of freemasonry, or arms exports have come in the form of people's initiatives. International treaties of no fixed duration, such as joining the United Nations, have to be put to the people. (SwissInfo.org, Switzerland)
SA restaurant honoured Nov 20, 2009
Last Upd: 03:31pm 19 Nov 2009. Life Insurance Quote. (iAfrica.com)
Hyundai goes tiny, too Nov 20, 2009
But the company said it would maintain total production volume of at least 560000 cars a year in India, partly thanks to more exports to other Asian countries. The company is expecting a 13 to 14 percent jump in its domestic as well as export sales in 2009. (iAfrica.com)
Economy to Grow More Slowly in Fourth Quarter as Job Fears Hurt Spending Nov 20, 2009
The strength of the euro against the U.S. dollar will crimp the competitiveness of German exports if sustained, the report said. Exporters whose orders are likely to grow faster next year with foreign demand may find investment plans hampered by credit conditions, it added. (Bloomberg -- Germany)
Some See Second Stimulus in Early 2010 Nov 20, 2009
More government spending would likely target technology, clean energy and exports, participants said at a Merrill Lynch Global Wealth Management panel. We just have to think about this country more as an exporter in the future, says General Electric Chairman and CEO Jeffrey Immelt. (Newsmax)
Chart Momentum Up Nov 20, 2009
The world balance sheet would suggest downside will be limited in corn, but we of course have only seen a meek start to the U.S. exports this crop year, so this is a mixed signal. The monthly USDA report was mostly neutral, but the market appeared to be looking for negative numbers. (Agri-View, WI)
How big are the Maoist rebels in India? Nov 20, 2009
The Maoists attack railways and factories, hitting supplies of coal and iron ore exports. Steel projects in the state of Chhattisgarh by Tata Steel and Essar have been delayed. (AlertNet)
Sony Aims for 5% Operating Profit Margin by 2012 Nov 20, 2009
Like most of its Japanese technology peers, Sony was squeezed over the past year between recession in major economies and the strength of the yen, undercutting the value of exports. Thursday, Sony said it still expects to restore its loss-making liquid crystal television business and video games operations to profit in the fiscal year ended March 2011, with a 20% market share the target for the 12 months ending March 2013. (SmartMoney)
Medvedev urges change to economy Nov 20, 2009
In a nearly simultaneous interview with Der Spiegel, Medvedev again criticized the country's economic over-reliance on energy and raw materials exports. Although industrial production has recovered since it collapsed at the end of 2008, preliminary figures suggest a decline of no less than one-sixth in industrial output on a year-on-year basis throughout the first three quarters of the current calendar year. (Asia Times Online)
Japan's central bank Friday kept interest rate unchanged(update) Nov 20, 2009
1 percent Friday and upgraded its assessment of the world's second largest economy because of an improvement in exports ... Exports, a key driver of Japan's economy, and production are rising thanks to a recovery in emerging economies, it said ... The central bank also upgraded its assessment of the world's second largest economy, citing an increase in exports. (The Star Online, Malaysia -- Business)
Agriculture outlook is cautiously optimistic Nov 20, 2009
All things considered, agriculture is weathering the current economic downturn pretty darn well thanks in a large part to exports. For the last two years, exports accounted for 33 percent of cash receipts for agriculture ... Most private economists are forecasting a falling dollar in the year ahead, but the U.S. could see a rise in farm exports, which makes the U.S. more competitive overseas. (Mattoon Journal-Gazette, IL)
AP: Obama, Hu Vow Cooperation but Produce Few Deals Nov 20, 2009
Obama later called on China to relax controls that keep the Chinese currency relatively weak and thus help fuel exports - something Beijing officials have rejected in recent days. Obama also pointedly raised human rights, saying they are fundamental to all. (Missourian Publishing, MO)
S. Korea tightens control over forex liquidity Nov 20, 2009
The Financial Services Commission, a financial watchdog, said the measures would enhance the soundness of banks foreign currency assets in Asias fourth largest economy which was heavily reliant on exports. But the regulator said the country would not try to directly control foreign currency liquidity conditions at foreign bank branches in the country, although the branches would be subject to new regulations on forward deals. (The Star Online, Malaysia -- Business)
Gas offers chance for PNG poverty Nov 20, 2009
8 billion in exports each year - equal in value to 80 per cent of all the country's exports today. One indisputable effect of the project will be to boost the country's growth rate - some estimates suggest the economy could double in size within a few years. (Sydney Morning Herald -- Opinion)
'Keeping SEZs out of direct tax code' Nov 20, 2009
NEW DELHI: The commerce department has opposed bringing tax-free special economic zones (SEZs) under the ambit of the proposed direct taxes code, arguing that it could hit the development of such zones and ultimately hurt exports ... The commerce department has opposed bringing tax-free special economic zones (SEZs) under the ambit of the proposed direct taxes code, arguing that it could hit the development of such zones and ultimately hurt exports. (India Times)
Asia Considers Capital Controls as `Hot Money' Inflows Threaten Recovery Nov 20, 2009
Policy makers are concerned that stronger currencies will stymie the potential rebound in exports and encourage capital inflows that may bring instability to financial systems and spur inflation ... 7 percent higher and hurting sales at exporters including Gokaldas Exports Ltd.. (Bloomberg -- Asia)
Malaysia's Economic Slump Probably Eased Last Quarter on Exports, Stimulus Nov 20, 2009
Nov. 20 (Bloomberg) -- Malaysias economy probably contracted the least in three quarters as an improvement in exports and government stimulus measures helped the nation recover from the global recession ... Exports are likely to boost GDP in the coming quarters, supported by rapidly expanding emerging-market demand and a gradual recovery in the advanced economies. (Bloomberg -- Asia)
Brazil `Buy' Ratings Sink to Record Low as Mobius Sees Commodity-Led Gains Nov 20, 2009
Brazils stocks and currency lured investors this year on prospects that rising consumer demand and rebounding prices for commodities, which comprise about two-thirds of exports, will bolster an economic recovery. Moodys Investors Service gave Brazil an investment-grade rating for the first time in September, citing record foreign-currency reserves and the countrys resilience during the financial crisis. (Bloomberg -- Latin America)
Clinton: U.S. will hold Karzai to promises of reform Nov 20, 2009
The U.S. has funded an initiative to modernize and expand Afghanistan's pomegranate industry, which has long depended on domestic sales and small-scale exports to nearby countries. Copyright 2009 The Associated Press. (Florida Today)
Australia Should Increase Interest Rates as Growth Accelerates, OECD Says Nov 20, 2009
Higher household confidence and iron ore exports to China will prompt central bank Governor to raise borrowing costs in December by a quarter percentage point for a record third month to 3. 75 percent, analysts surveyed by Bloomberg predict. (Bloomberg -- Australia & New Zealand)
Oil Revenue Challenges Ghana Nov 20, 2009
From 1990-99, mining accounted for 34% of Ghana's exports. 3. (Ghana Web, Ghana)
Oil prices up in Asian trade Nov 20, 2009
But pricing failed to hold at 80 dollars following data showing a persistent high level of unemployment in the United States, where consumers are major buyers of the world's exports and are key to any rebound from the global downturn. Oil prices are expected to continue trading in a tight range, and with only six more weeks to go before the year ends, "some market participants may want to lock in profits this year," Shum said. (India Times)
Santiago Watches Stalled Skyscraper for Clues to Chile's Economic Recovery Nov 20, 2009
Copper exports, which are equivalent to a quarter of Chiles economy, fell by about half in the first six months of 2009 from a year earlier. The economic slump rippled across Santiagos financial center, dubbed San-hattan. (Bloomberg -- Latin America)
Strong regional growth no reason for complacency Nov 19, 2009
He worries that Europe and the US are likely to experience years of slow growth, forcing East Asia to generate its own growth rather than relying on exports to drive the pace ... East Asia, he points out, has relied heavily on increasing exports to the West to drive its growth rates. (Sydney Morning Herald -- Business)
Mobius bets big on BRIC stocks, expects 40% gain Nov 19, 2009
Russias RTS Index has surged 138%, the biggest gainer among 89 equity gauges worldwide, and Brazil, China and India rallied more than 75% as the global economic recovery spurred demand for commodity exports. While developed countries may shrink 4% this year, emerging markets as a whole may avoid a contraction with zero change in gross domestic product, Mobius said. (India Times)
AP: Obama, Hu Vow Cooperation but Produce Few Deals Nov 19, 2009
Obama later called on China to relax controls that keep the Chinese currency relatively weak and thus help fuel exports - something Beijing officials have rejected in recent days. Obama also pointedly raised human rights, saying they are fundamental to all. (Missourian Publishing, MO)
This cruelty to sheep is economically unsound Nov 19, 2009
They do it despite the fact that live sheep exports can no longer be defended on religious, cultural, ethical or economic grounds ... Independent economists, ACIL Tasman, have revealed that live sheep exports are actually costing jobs and stifling our meat processing sector ... Contrary to industry claims, we now know that farmers don't need live sheep exports and in fact many are already moving into other, more lucrative areas; live sheep exports do not underpin the price of sheepmeat... (Sydney Morning Herald -- Opinion)
Press Release: IMF Concludes Staff Visit to Guinea-Bissau Nov 19, 2009
The impact of these factors on growth, however, was partly offset by a higher volume of exports stemming from a favorable cashew harvest, as well as a pick-up in construction activity. As a result, the IMF mission expects real GDP growth at just below 3 percent in 2009. (IMF News)
Republic of Marshall Islands -- 2009 Article IV Consultation, Concluding Statement of the IMF Mission Nov 19, 2009
The gross revenue tax (GRT) taxes exports and has a cascading effect ... More fundamentally, exports as a percentage of GDP have risen over the last decade, while they declined in most other Pacific island economies. (IMF News)
Georgia: Unions Press for Labor Law Reform Nov 19, 2009
The GSP+ provides for tariff reductions on Georgian exports to the EU so long as Georgia enacts "core human and labor rights, good governance and environmental conventions." The EU currently accounts for 22 percent of Georgia s exports, according to the Georgian National Investment Agency. Kvitashvili insisted that Georgia is in no danger of losing its GSP+ status and is following recommendations by the International Labor Organization, of which Georgia is a member. (EurasiaNet.org)
Reunert sees some light after slow year Nov 19, 2009
Reutech Radar Systems fared well, fuelled by exports at a favourable exchange rate, with revenue increasing by 40 percent to R874m while operating profit increased by 55 percent to R212m. The division develops and manufactures ground and naval search and tracking radar systems and subsystems for the SA National Defence Force (SANDF) as well as customers in the export market. (Business Report, South Africa)
Global container volumes to rise next year - Maersk Nov 19, 2009
The euro zone economy emerged from its worst recession since World War II in the third quarter, helped by higher exports, the EU's statistics office said last week. The container market would reach a "healthy" balance between supply and demand - equal to conditions before the financial crisis - by 2013, two years earlier than estimated in June, Kolding said. (Business Report, South Africa)
Obama dancing with the dragon Nov 19, 2009
When China protests U.S. protectionism, that is because its own growth depends on exports to the West and, therefore, so does its social peace. For better and worse, the two economies are interdependent, and that reinforces U.S. power. (Juneau Empire)
Archives: Exports
