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Spains head is out of the water as deficit drops below 7pc

Mariano Rajoy has revealed that austerity efforts have pulled the budget deficit for 2012 below 7pc of GDP. Read More Spains head is out of the water as deficit drops below 7pc

Posted in FX News | Tagged 7pc, as, below, deficit, drops, head, is, of, out, spains, the, water | Leave a response

US Trade Deficit Widened in November

The US trade deficit widened to a larger than expected $48.7 billion in November 2012. This marked a relatively sharp deterioration following a $42.1 billion shortfall in October and marked the largest deficit since April 2012. Exports rose by 1.0%; however, this was more than offset by an outsized 3.8% Read More US Trade Deficit [...]

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US Monthly Budget deficit contracts to 03B in Dec from 17211B in Nov

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. Read More US Monthly Budget deficit contracts to 03B in Dec from 17211B in Nov

Posted in FX News | Tagged 03b, 17211b, budget, contracts, dec, deficit, from, in, monthly, nov, to, us | Leave a response

Sterling crisis looms as UK current account deficit balloons

Is the UK heading for a currency crisis? Read More Sterling crisis looms as UK current account deficit balloons

Posted in FX News | Tagged account, as, balloons, crisis, current, deficit, looms, sterling, uk | Leave a response

Canadian Current Account Deficit Widens Further

Canada’s current account deficit widened by $0.5 billion to a smaller than expected $18.9 billion in the third quarter of 2012 from $18.4 billion in the second quarter of 2012. The rise in the current account deficit overall was more than accounted for by a $1.2 billion increase in the Read More Canadian Current Account [...]

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Rand Slumps as Mining Strikes Cause Higher Current Account Deficit

The South African rand sank today on concerns that current account deficit widened after worker strikes have led to disruption of mining. Mining is an important part of South Africa’s economy and the problems in the sector have very strong negative impact.(…)Read the rest of Rand Slumps as Mining Strikes Cause Higher Current Account Deficit (60 words) Posted on Forex News. Read More Rand Slumps [...]

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Pound Drops Even as Trade Deficit Shrinks

The Great Britain pound dropped today, reaching the lowest level since September against the US dollar, even after data showed that Britain’s trade deficit shrank more than expected in September.(…)Read the rest of Pound Drops Even as Trade Deficit Shrinks (86 words) Posted on Forex News. Read More Pound Drops Even as Trade Deficit Shrinks

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Debt Crisis EU and eurozones deficit falls but debt rises live

The eurozone and European Union’s debt hit a high in 2011, according to Eurostat, but the deficit has decreased. However 17 members of the EU had public deficits higher than the 3pc permitted by EU law. Read More Debt Crisis EU and eurozones deficit falls but debt rises live

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UK Posts The Smallest Sep Budget Deficit Since 2008

U.K.`s budget deficit lingered at 12.8 billion pounds in September, marking the smallest September budget deficit since 2008, coming below forecasts of a widening 14.4 billion pounds deficit and lower than 13.5 billion pounds deficit a year earlier. Read More UK Posts The Smallest Sep Budget Deficit Since 2008

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UK deficit before crisis was ?38bn bigger than thought

Britain’s public finances were worse than thought in the run up to the financial crisis, with a black hole of ?73bn – ?38bn larger than previously stated – Treasury analysis has shown. Read More UK deficit before crisis was ?38bn bigger than thought

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