Feb 12 2017
Macro data are usually distorted by the Lunar New Year holiday, which fell in January this year, but in February last year.
The new USA administration has not announced any major initiatives yet, but President Donald Trump has repeatedly accused China of unfair trade practices and talked about slapping a 45% tariff on Chinese imports.
Last year, Chinese imports decreased by 5.5 percent, while exports went down 7.7 percent. China's exports to Russian Federation grew 29.5 percent, reaching $3.41 billion, while imports from Russian Federation increased by 39.3 percent - up to $3.14 billion.
Copper concentrate and ore imports rose 6.8 percent from a year earlier to 1.25 million tonnes.
Rising to $183 billion for the month, it easily beat Bloomberg's forecast of 3.2% growth and reversed a 6.1% plunge in December. "Large concerns remain ahead, as the trade situation for China largely depends on its relationship with the new USA administration", Nishihama said.
Sears says to cut $1 billion in costs, shares surge 40 percent
In addition, the retailer announced plans to reduce its outstanding debt and pension obligations of $1.5 billion for fiscal 2017. Sears Holdings revealed that it struck an amended asset-based credit facility.
Xiaomi set to launch Redmi Note 4X on Valentine's Day
Xiaomi Redmi Note 4X is set for an official release on Valentine's Day, latest reports coming from China can confirm. After launching the Redmi Note 4 previous year , Xiaomi is all set to take the wraps off the follow up smartphone.
Djokovic survives Davis Cup scare, champions Argentina slump
Darcis won 6-4 3-6 2-6 7-6 (7-2) 7-6 (7-5) after Kohlschreiber looked set to clinch the match in the fourth set when he led 4-2. The latter led 4-1 in the final set and even had three match points in the 10th game before losing 3-6 6-3 6-4 4-6 7-6 (8-6).
The trade surplus climbed to $51.3 billion. But the country was still a net exporter for the month.
China's crude imports are expected to soften in the first half of 2017, BMI research said.
"China's trade performance appears to have stabilized, consistent with the recovery in the regional supply chain", Australia and New Zealand Banking Group said in a note yesterday. The early arrival of the Chinese new year this year also helped.
The company published the paper after China released its January trade data, which showed exports and imports had jumped 15.9 percent and 25.2 percent year on year. Zhao Zhongxiu, Vice-president of the University of International Business and Economics in Beijing, commented: "Trade has benefited from a number of government measures meant to stabilise exports and promote economic growth. It is pretty obvious to me that the climate for exports to the USA is going to be much harsher in the coming years". Michael Klein#mondaymotivation https://t.co/sl6qCu9jEc- EconoFactOrg (EconoFactOrg) January 30, 2017 Louis Kuijs, head Of Asia economics at Oxford Economics in Hong Kong, thinks nothing is certain however: "The worry we have is really about United States trade policy, which is undeniably turning more protectionist..."
Feb 12 2017
Hundreds Of Whales Stranded At Farewell Spit Overnight
Volunteers are being called out again to try to keep the whales alive until an attempt to refloat them at high tide. According to Reuters , by the time volunteers reached the scene, 300 whales had already perished.
Feb 12 2017
Engineers Assess Spillway Problem at Oroville Dam
The hatchery, on the Feather River, is vital to the survival of chinook salmon, whose numbers have dwindled during the drought. But they said more rain could fill the the Oroville reservoir to capacity and cause an overflow by Saturday.
Feb 12 2017
Ford invests $1B in Argo AI to spearhead self-driving technology
Bryan Salesky , chief executive of Argo, spent three years leading hardware development for self-driving cars at Google. Salesky declined to say how many employees the startup has, but said that it wants to hire 200 workers.
Feb 12 2017
Heaviest woman lifted by crane, lands Mumbai for treatment
Indian Embassy officials in Cairo had earlier denied Eman's request for a travel visa because she could not travel to the Embassy. The surgery will be performed free of charge and Eman's family will not have to pay for her post-surgery recovery too.
Feb 11 2017
IEA OMR: The First Cut is the Deepest
Saudi Arabia, the IEA said, appeared to cut more than was agreed on at the meeting with some key non-OPEC members in November. According to data compiled by Bloomberg , Qatar's condensate and natural gas liquids surged past its oil production in 2010.
Feb 11 2017
Why Cliffs Natural Resources, Pilgrim's Pride, and World Wrestling Entertainment Jumped Today
The stock is now moving above its 20-Day Simple Moving Average of -0.83% with the 50-Day Simple Moving Average of -0.83 percent. A total of 91.81M shares exchanged hands, whereas the company's average trading volume stands at 12.61M shares.
Feb 10 2017
Groundwork Mortgage reports mortgage rates are still low
President of Groundwork Mortgage Jeff Berger joins us for different tips on selecting mortgages and to break down mortgage rates. The 5/1 Adjustable Rate Mortgage interest rates at PHH Mortgage can be had for 3.875% with an April of 4.059%.
Feb 09 2017
Scottish MPs Reject Brexit
She said it is "vital" for farming powers to be transferred from the European Union direct to Holyrood. Both parties agreed the terms of the first independence referendum through the Edinburgh Agreement.
Feb 07 2017
Man arrested for 2016 strangling death of New York City jogger
Police say officials saw Lewis around his neighborhood on the Brooklyn/Queens line back in May, and thought he was suspicious. Boyce said police do not believe Lewis knew Vetrano and it appeared to be a chance encounter.
Feb 07 2017
Afghan civilian casualties hit all-time high, says UN
The report also documents an increase in attacks from the Islamic State in Iraq and Syria's branch in Afghanistan, known as ISKP. The Taliban, which has been fighting the central government since 2001, called United Nations findings biased.
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