Analysts were surprised when US trade deficit rose to almost $50 billion. Having digested the news, many have revised lower their annual GDP estimates for the North American nation.
Rolls-Royce's finance director says "real economy" companies in Europe are harmed by regulatory moves to rein banks. If the stringent oversight persists, those firms could move to Asia.
The WTO has been forced to lower revision on trade volumes for this 2012 and 2013. The European debt crisis, China's slowdown and an "increasingly interdependent world" has been blamed for the changes.
SWIFT payment data shows renminbi use is on the up, while a Deutsche Bank survey indicates strong European SME interest. However, enthusiasm for renminbi from China-based suppliers may actually be waning.
Sep 3, 2012
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The European debt crisis has deepened with Spain's borrowing costs surging and Greece unlikely to meet conditions of its aid package, which Asian currencies will be worst affected over the next year?
So India and China are happy to pump more in to bail out Europe via the IMF, Greece has formed a fragile but pro-austerity coalition. Is all safe now? Or should treasurers and CFOs continue to be fearful of a euro collapse? CT asks the experts.
World trade volumes are dipping across the globe. The only place offering up any positive signs of trade business is Japan where imports are growing well.