Profit at China's major state companies down 30 percent last yearSeptember 20th, 2009 China: Profit at state companies down last yearBEIJING — Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, oil producers and other companies controlled by the central government reported net profit of 696.18 billion yuan ($102 billion) last year, down 30.8 percent from the previous year, the official Xinhua News Agency said Sunday.
China's exports, trade surplus weaken in August, despite signs of recovering demandSeptember 10th, 2009 China's exports, trade surplus fall in AugustSHANGHAI — China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday show August's exports were worth $103.7 billion compared with $134.9 billion in the same month a year earlier.
Japan's current account surplus down 19.4 percent in July; auto and steel exports plungeSeptember 8th, 2009 Japan's current account surplus down 19.4 percentTOKYO — Japan's current account surplus in July fell 19.4 percent from a year earlier as exports tumbled amid a slow recovery in the global economy, the finance ministry said Tuesday. The current account surplus, Japan's broadest measure of trade with the rest of the world, was 1.27 trillion yen ($13.6 billion), the first year-on-year fall in two months, the ministry said.
Chinaese exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 Chinese exports, imports fall sharply in JulyBEIJING — China's government says the decline in the country's exports and imports accelerated in July amid weak global consumer demand. Tuesday's report by the Chinese customs agency says exports were down 22.9 percent from a year earlier, while imports fell 14.9 percent.
Government reports China's exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 China's exports, imports fall sharply in JulyBEIJING — The decline in China's imports accelerated in July despite a rise in economic growth, while exports also fell more sharply amid weak global demand, data showed Tuesday. Imports fell 14.9 percent from a year earlier, compared with a 13.2 percent decline the previous month, the customs agency reported.
India's merchandise exports plunge by 27.7 percent in June, 9th month of deep declinesAugust 3rd, 2009 India's exports plunge 27.7 percent in JuneMUMBAI, India — India's merchandise exports fell by more than a quarter in June, the Ministry of Commerce said Monday, marking the nation's ninth month of steeply declining trade. Merchandise exports were valued at 612.17 billion rupees ($12.8 billion), down 27.7 percent in dollar terms from 759.3 billion rupees ($17.7 billion) a year earlier, according to government figures.
Profit at China's major state companies down 26.2 percent in first half but decline easingJuly 21st, 2009 China says profit at state companies downBEIJING — Profit at China's top state-owned companies fell 26.2 percent in the first half of the year but the decline is easing amid massive government stimulus spending, a state news agency reported Tuesday. The 136 banks, airlines, oil producers and other companies controlled by the central government reported total profit of 316 billion yuan ($46 billion) from January to June, the Xinhua News Agency said, citing the director of Cabinet's State-owned Assets Supervision and Administration Commission.
Singapore's exports drop 11 percent in June from year earlier, show little sign of improvementJuly 17th, 2009 Singapore exports drop, show little improvementSINGAPORE — The slump in Singapore's non-oil exports eased only slightly in June, suggesting the city-state's economy still faces a tough battle after emerging from recession in the second quarter. Exports fell 11 percent in June from the same month of 2008 to 11.4 billion Singapore dollars ($7.9 billion) following a 12 percent drop in May, according to Trade and Industry Ministry figures released Friday.
Singapore's exports drop 12 percent in May from year ago, but show signs of improvementJune 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.
China says May exports down 26.4 percent from a year earlier; imports down 25.2 percentJune 11th, 2009 Chinese exports plunge 26.4 percent in MayBEIJING — China's exports plunged in May for a seventh month as the global downturn battered trade, while imports also dropped sharply, the government reported Thursday. May exports fell 26.4 percent from a year earlier, the customs agency reported.
China's exports sink 22.6 percent in April, sixth straight monthly declineMay 12th, 2009 China's exports sink 22.6 percent in AprilSHANGHAI — China's exports plunged 22.6 percent in April from the year before in the sixth straight monthly decline, the government said Tuesday, while a torrent in bank lending meant to ward off the economic downturn pushed up spending on factories, real estate and other fixed assets. April's decline in exports, to $91.9 billion, was bigger than the 17 percent drop in March and suggests China's trade sector has yet to see much relief from the prolonged drought in demand brought on by the global downturn.
China's foreign trade down sixth month in a rowMay 12th, 2009 BEIJING - China's exports and imports shrank for the sixth month in a row in April, the General Administration of Customs said Tuesday. Exports fell 22.6 percent in April from the same period a year ago to $91.94 billion.
Report: Bus-truck crash in China's southwest kills at least 18, injures 22April 25th, 2009 Bus-truck crash in China's southwest kills 18BEIJING — A truck rear-ended a passenger bus, causing both vehicles to plunge down a hillside Saturday in China's southwest, killing at least 18 people and injuring 22, a state news agency said. The truck hit the bus after the bus driver slowed for warning signs set up where another truck hit a roadside barrier earlier, the Xinhua News Agency said.
China's exports, imports fall in DecemberJanuary 12th, 2009 BEIJING - China's exports and imports declined for the second consecutive month in December, reflecting deteriorating demand in external and domestic markets amid the global financial crisis. The country's exports fell 2.8 percent in December from a year earlier to $111.16 billion, while imports in the month totalled $72.18 billion, down 21.3 percent year on year, the General Administration of Customs said Tuesday.
Oil exports beat IMF's expectations: Iraqi oil ministryDecember 24th, 2008 BAGHDAD - The Iraqi oil ministry has managed a significant increase in oil exports that surpassed expectations of the International Monetary Fund (IMF), a ministry spokesman said Wednesday. The country's oil exports have hit 1.88 million barrels per day, 11-percent higher than the IMF expected this year, Assem Jihad told the Voices of Iraq (VOI) news agency.
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