American's trade gap largely expended as Dollar strenghtened

Source: Bloomberg
The US trade deficit in December widened sharply to its highest level since 2012, due to strong Dollar which spurred import, and may lower fourth quarter economic growth forecasts. The trade deficit soared 17.1% to $46.6 billion, posting the largest gain since November 2012. Meanwhile, during the previous year, the trade gap expanded 6 % to $505 billion, while the record was registered in 2006 year at $761.7 billion.
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Fri, 06 Feb 2015 19:20:14 GMT

Saudi Arabia fights for market share in Asia

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Fri, 06 Feb 2015 08:56:19 GMT

Asian stocks rose before US payrolls

Asian shares gained value on Friday as well as oil prices, which started to rebound after a harsh drop, while investors are waiting for the US nonfarm payrolls for January. Asia-Pacific shares rose around 0.1%, Japan's Nikkei stock average, in turn, added 0.7 %. Meanwhile, economists forecasting US payrolls decrease to 234,000 people in January, compared to 252,000 in December. 

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