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Japan`s January current account in the red as exports drop
HONG KONG (MarketWatch) -- Japan's current account balance swung to a deficit of 172.8 billion yen ($1.76 billion) in January as the decline in exports accelerated in the face of a global economic downturn, according to data released by the ministry of finance Monday. The figure is much lower than economists' estimate of a 15 billion yen deficit and comes on the back of a 125 billion yen surplus in the previous month. The deficit is Japan's first in 13 years, according to reports. January exports plunged 46.3% year-on-year, more than the 35.1% decline registered in December, while imports tumbled 31.7%, compared with a 21.2% fall in the previous month.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com

METALS-Copper falls on stocks worry, China imports eyed - Reuters India
SINGAPORE, March 9 (Reuters) - Shanghai copper fell on Monday, reversing early gains and snapping a four-day run of gains, as worries about rising stocks in China and the slowing pace of deliveries from London weighed on sentiment. London Metal ...
Feed Digest

Japan posts first current account deficit in 13 years
Exports plunged 46.3 per cent in January while imports declined 31.7 per cent
The Globe and Mail

Krugman: Size Does Matter - Crooks Liars
There are now three big questions about economic policy. First, does the administration realize that it isn't doing enough? Second, is it prepared to do more? Third, will Congress go along with stronger policies? On the first two questions, I found Mr. Obama's latest interview with The Times anything but reassuring. "Our belief and expectation is that we will get all the pillars in place for recovery this year," the president declared - a belief and expectation that isn't backed by any data or model I'm aware of. To be sure, leaders are supposed to sound calm and in control. But in the face of the dismal data, this remark sounded out of touch. And there was no hint in the interview of readiness to do more. A real fix for the troubles ...
NewsRack

Aditi Phadnis: First CIO
Vivek Kundra was born in New Delhi in 1975, migrated with his parents to Tanzania where he lived till he was 11 and then moved to the US. The 34-year-old was appointed the first ever Federal Chief Information Officer by President Barack Obama last week. His favourite book is Great Expectations, comfort food is the lowly plum, favourite movie is Sholay and he can speak Swahili.
Business Standard

DrumBeat: March 9, 2009 - NewsTrust Yahoo Pipes Feed
WASHINGTON: In a bleaker assessment than those of most private forecasters, the World Bank predicted Sunday that the global economy would shrink in 2009 for the first time since World War II. ...Lower commodity prices have caused great problems in many African and Latin American countries. The steep slide in oil prices - 69 percent between July and December of 2008 - has spurred growth in poorer oil-importing countries but has caused immense difficulty in poorer oil-exporting countries. Brazil, an exporter of oil as well as many other commodities and manufactured goods, reported its first trade deficit in eight years as exports dropped 28 percent in 2008. Oil prices rose to near $46 a barrel Monday as investors anticipated another OPEC ...
NewsRack

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Archived "business - imports expectation" news stories.

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