Sunday, 17 December, 2017

Trade Gap in US Narrows to 11-Month Low as Exports Increase

The US trade gap fell in August to its lowest level in nearly a year as exports of services including travel and finance hit record highs official data showed International Trade Balance Narrowed in August
Andrew Cummings | 07 October, 2017, 00:46

At the same time, the surplus on services trade grew from Euro 0.1 billion to Euro 0.8 billion.

The goods trade deficit decreased to Euro 3.2 billion in August from Euro 5.3 billion in the preceding month. August exports of goods and services reached the highest level since December 2014, and exports of services were the highest on record, not adjusted for inflation.

Apple looking into iPhone 8 and 8 Plus swelling batteries reports
Again unconfirmed, but it is believed that an expansion of the internal battery is causing the devices to split open. The user claimed to be charging the phone using only an official Apple power adapter and Lightning to USB cable.

Akhilesh Yadav re-elected SP chief for 5 years
Earlier, the Samajwadi Party chief had a tenure of three years but the party constitution was amended to extend it to five years. However, while Akhilesh was the cynosure of all eyes, his father and party founder Mulayam Singh was on everyone's lips.

Saudi King Salman cements new friendship with Putin on landmark Russian Federation visit
If the Saudis make direct investments in Russian assets, this will undoubtedly show influence on the entire oil market. Both Falih and Nasser are part of an official Saudi visit to Moscow .

France's current account deficit-which also measures flows of services and revenues-fell to EUR1.5 billion in August, from EUR4.3 billion in July, the Bank of France said. "August exports were $195.3 billion, $0.8 billion more than July exports", the Census Bureau and the Bureau of Economic Analysis said in a monthly report. Minimizing that gap boosts USA economic growth. Next week, the United States begins a fourth round of talks to renegotiate the North American Free Trade Agreement with Canada and Mexico. The expected deficit was Euro 5.4 billion. The overall trade deficit was up 8.8% compared with the first eight months of 2016.

Overall, U.S. exporters are benefiting recently from an improving global economy and a weaker dollar, which makes American products less expensive overseas.

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