German trade surplus hits fresh monthly record in April
BERLIN German imports unexpectedly fell in April while exports were unchanged, propelling the trade surplus of Europe's biggest economy to a fresh monthly record despite weaker demand from emerging markets such as China.The overall solid trade data, published by the Federal Statistics Office on Thursday, are likely to stir up a debate about how Germany's relatively strong exports are continuing to fuel global economic imbalances.The International Monetary Fund (IMF) and the Organisation for Ec..>> view originalEM ASIA FX-S.Korea rate cut dents won; Asia FX rides up on weak dollar
* Won fluctuates after BOK cuts rate sooner than expected * Philippine peso near 8-month peak after equity inflows * Ringgit firms to more than 3-week peak on higher oil (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, June 9 South Korea's won edged up but underperformed some emerging Asian currencies as the central bank unexpectedly cut its policy interest rate to a record low on Thursday, while regional units kept rising on a weaker dollar. The won opened firmer ..>> view originalWho Are the World's Best CEOs, According to Employees?
Now watching Next video starts in : 7 Play Who Are the World's Best CEOs, According to Employees? Up next Was the jobs miss an economic head fake? >> view originalAmazonFresh launches grocery deliveries in London
AmazonFresh, the e-commerce behemoth’s grocery service, will start operating in parts of north and east London today. Deliveries will first be available in 69 postcodes before expanding to other parts of the city. AmazonFresh is only available to Amazon Prime subscribers who also pay a monthly fee of £6.99. This means Amazon Fresh will cost them about £84 ($121.85) a year—much less than the $299 annual membership fee charged in the United States, where the service has been available since 2007..>> view originalDiversity takes center stage at Airbnb's annual tech conference
Airbnb’s annual tech conference, OpenAir, has traditionally focused on engineering challenges: how to grow a platform, how to use big data, how to better match people looking for short-term lodging with those who have rooms for rent. This year, the conference focused on a different challenge for the company and the tech industry: diversity and inclusion. These represent new areas of focus for a company that has long received mixed reactions, from travelers who love it as an alternative to hotel..>> view originalCourt sets late summer date for action on NAFA's DOL fiduciary rule suit
+ Zoom President Barack Obama (Bloomberg News) President Barack Obama vetoed Wednesday afternoon a resolution to kill the DOL fiduciary rule, which was approved by the House in April and the Senate in May.“This rule is critical to protecting Americans' hard-earned savings and preserving their retirement security,” Mr. Obama wrote about the Labor Department regulation raising investment advice standards for retirement accounts, in a message accompanying his veto. “The outdated regulations i..>> view originalDow ends above 18000 as dollar weakens
Traders gather at the booth that trades Abbott Laboratories on the floor of the New York Stock Exchange, December 10, 2012. REUTERS/Brendan McDermid/File Photo. Get under-the-radar research with StreetInsider.com's Stealth Growth Insider FREE, with ...>> view originalOil Trades Near 10-Month High as U.S. Crude Stockpiles Decline
Oil traded near the highest closing level in more than 10 months amid declining U.S. crude stockpiles and disruptions in producing nations such as Canada and Nigeria.Futures were little changed in New York, paring an earlier increase of 0.9 percent, after settling on Wednesday at the highest since July 15. Crude stockpiles dropped by 3.23 million barrels last week to the lowest in two months, the U.S. Energy Information Administration said on Wednesday. A new wildfire prompted Canadian oil prod..>> view originalAs long as China is in the way, India in Nuclear Security Group is a non-starter
The attention given to the upcoming plenary session of the Nuclear Suppliers Group is surprising, given that there is little chance of anything being accomplished. The biggest item on the agenda is, of course, the admission of India into the trading cartel, which is vehemently being opposed by China and perhaps also by Austria, Norway, Ireland, New Zealand and the Netherlands.Anyone who thought that the matter would be closed with the ratification of the India-US nuclear deal in 2008 was only de..>> view originalFOREX-New Zealand dollar surges on RBNZ surprise, dollar steady
* NZ dollar hits 1-year high after RBNZ holds rates steady* Dollar index near 5-week lows as Fed hike expectations recede* Yen gains half a percent to 5-week high vs dollar (New throughout after start of European trade)By Patrick GrahamLONDON, June 9 A 1.5 percent surge for the New Zealand dollar after interest rates there were kept on hold was by far the biggest move in major currency markets on Thursday, while the U.S. dollar hit a five-week low against the yen.The Reserve Bank surprised s..>> view original
Thursday, June 9, 2016
German trade surplus hits fresh monthly record in April and other top stories.
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