U.S. exports rise to a record level in September

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Source: Bloomberg
© Scanpix/FP

Exports from the U.S. rose to a record level in September, and the trade deficit unexpectedly declined, propping up the world's largest economy at the end of the Q3. The gap narrowed 5.1% to $41.5 billion, the smallest since the end of 2010 and lower than economists' estimate. The increase in sales to overseas buyers appeared to be broad-based, with improvement from soybeans to civilian aircraft and fuel.  

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Fri, 09 Nov 2012 13:17:30 GMT

China's industrial output and retail sales rise more than expected

China's industrial output and retail sales rose more than anticipated and inflation unexpectedly decelerated to the slowest pace in 33 months. Industrial production increased 9.6% in October from the last year, according to the National Bureau of Statistics. Retail sales augmented from 14.2% in September to 14.5% and the consumer price index rose 1.7%.

Fri, 09 Nov 2012 12:55:29 GMT

Aussie, kiwi rise on China's retail sales and industrial output data

The South Pacific currencies strengthened after data showed better-than-expected retail sales and industrial output in china, improving the export outlook for the countries. The Australian Dollar gained 0.2% to $1.0423, set for a 0.8% weekly advance. The New Zealand Dollar climbed 0.3% to 81.69 U.S. cents, after 1% decline since November 2, the biggest drop among the U.S. Dollar's major

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