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Balance of Trade


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UK cuts rates as Europe's economic woes deepen

LONDON, Jan. 8, 2009 (Reuters) — Bleak economic data in Europe and a wave of profit warnings and job cuts worldwide renewed investors' fears on Thursday, strengthening the case for more government stimulus efforts and encouraging rate cuts. ...  > full story

WTO drops plans for year-end Doha meeting

GENEVA, Dec. 12, 2008 (Reuters) — The World Trade Organization (WTO) dropped plans on Friday to seek a breakthrough for a new trade deal this year, risking an increase in protectionism as the world economy suffers its worst crisis in decades. ...  > full story

Jobless claims hit 26-year high, exports tumble

WASHINGTON, Dec. 11, 2008 (Reuters) — The number of U.S. workers filing new claims for jobless benefits surged to a 26-year high last week, government data showed on Thursday, as employers tightened their belts to help weather what many fear will be a deep, long recession. ...  > full story
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