#USA: Addressing Currency Manipulation Key to #TradeDeal

Members of Congress say they will work to ensure a crucial Pacific trade deal contains a provision stemming currency manipulation by foreign member countries.

A bank clerk handles Japanese yen among stacks of Chinese Yuan. Proposed legislation would require the Department of Commerce to investigate countries that deflate the value of their currency to make sending goods to the U.S. cheaper. 

 

Congressional opposition to a potential foreign trade agreement in the Pacific is ballooning over the absence of a provision that would prevent member countries from engaging in a form of economic gamesmanship known as currency manipulation... (Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

EFFECTS ON #WORLDTRADE... WHERE WILL IT ALL END?

Although in this article we will discuss today focusing primarily on Russia, before we do a review of previous records that have a lot to do with the current reality. Also worth mentioning, that the facts could happen faster than anyone could imagine and it is therefore important to review past events. Do not forget to read the integrity of the article and leave your opinions which will surely be of great contribution...

(Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#Global: #Oil heads for biggest annual decline since 2008

China stocks close up more than 2 per cent helping the stock market become the best performer among major global bourses this year

China stocks closed up more than 2 per cent on Wednesday, boosted by a late afternoon rally which helped the stock market become the best performer among major global bourses this year. (Photograph: Aly Song/Reuters)

Oil headed for the biggest annual decline since the 2008 global financial crisis as US producers and the Organization of Petroleum Exporting Countries ceded no ground in their battle for market share amid a supply glut... (Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#USA: #Soybean #StocksFall Way Below #TradeEstimates -- #USDA

There are far fewer soybeans stored around the U.S. right now than the trade expected, if USDA's data Tuesday is any indication.

In the agency's quarterly Grain Stocks report, USDA pegged old-crop soybean stocks as of September 1 at 92.0 million bushels, down 35% from a year ago. This falls well short of the average trade analyst estimate of 126 million heading into Tuesday's report. The range for soybean stock estimates was 100 to 150 million bushels, making USDA's 92 million-bushel number sharply bullish... (Read more)

External Expansion, www.externalexpansion.net,

#USA: Wider #UStradedeficit, #weakexports point to #slowergrowth

The Commerce Department says trade gap increased 7.6% to $43.03bn in September

Cargo containers are ready for transportation at the Port of Los Angeles

The US trade deficit unexpectedly widened in September as exports hit a five-month low, suggesting slowing global demand could undercut economic growth in the final three months of the year... (Read more)

External Expansion, www.externalexpansion.net,

#Globalization Is in Retreat? Not So Fast

An automotive electronics production line in Wuhan, China. Credit Shepherd Zhou/European Pressphoto Agency

Not long ago, executives at the Dutch multinational Royal DSM, a globe-girdling maker of nutritional supplements and high-tech materials, used to require a battery of internal studies to decide where to do a deal or locate a new manufacturing plant... (Read more)

External Expansion, www.externalexpansion.net,

#USA: #Soybeans End Higher, #Corn Lower

Soybeans End Higher, Corn Lower

DES MOINES, Iowa (Agriculture.com)-- With the governmental data showing big crops ahead, a bearish tone ruled the CME Group's corn, soybean and wheat markets Friday. Soybeans did find a buyer to be able to close slightly higher... (Read more)

External Expansion, www.externalexpansion.net,

#USA: #China Fines @Volkswagen and @Chrysler for #AntitrustViolations

A production line of Golf sedans manufactured at a Volkswagen plant jointly operated with China FAW in Guangdong Province. Credit Chinafotopress, via Getty Images

HONG KONG — Chinese regulators fined Volkswagen and Chrysler for violating antitrust laws, announcing on Thursday the first monetary penalties against large multinational carmakers swept up in a broad investigation... (Read more)

External Expansion, www.externalexpansion.net,

#UStrade deficit smallest in six months on rising #exports

When adjusted for inflation, the deficit narrowed to $48.2 billion, the lowest since December 2013

Economists had expected the deficit to widen to $42.2 billion in July from a previously reported $41.5 billion shortfall in June. (Read more)

External Expansion, www.externalexpansion.net,

#USA: Western Companies Appear to Push Back Against #ChineseCrackdown

HONG KONG — For months, foreign companies in China have been quietly enduring increased scrutiny from Chinese government antitrust enforcers, issuing only occasional terse statements as they have been increasingly targeted by surprise raids on their offices, protracted investigations of their operations and escalating fines. (Read more)

External Expansion, www.externalexpansion.net,

Fed Dissenters Increasingly Vocal About Inflation Fears

Janet L. Yellen, the Fed chairwoman, is facing an increasingly vocal group of dissenters on her policy-making committee. Credit Susan Walsh/Associated Press 

 

WASHINGTON — An increasingly vocal minority of Federal Reserve officials want the central bank to retreat more quickly from its stimulus campaign, arguing that the bank has largely exhausted its ability to improve economic conditions... (Read more)

 

External Expansion, www.externalexpansion.net,

 

Guerra delle sanzioni: la Russia contro Coca Cola, McDonald's e Apple

Continua la rappresaglia di Putin alle sanzioni occidentali: saracinesche abbassate per i quattro fast food della capitale. Mosca ora pensa di proibire il consumo di bevande straniere nelle occasioni ufficiali e di tagliare i tablet o gli smartphone della società della Mela in possesso dei funzionari pubblici: al loro posto solo Samsung.

MILANO - Mosca pensa di colpire al cuore il capitalismo americano nella guerra delle sanzioni che si è scatenata come corollario della vicenda ucraina. Tra le rappresaglie alle restrizioni che hanno colpito personalità finanziarie e grandi industrie, disposte da Usa e Ue, la Russia mostra i muscoli contro simboli dell'industria Usa quali McDonald's, la Coca Cola o la Apple... (Leggete tutta la storia qui)

External Expansion, www.externalexpansion.net,