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Dollar's Slide Softens Economy's
Dollar's Slide Softens Economy's
Oct 1, 2007 1:44 PM CDT

Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

(Newser) - Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to slow...

Trade Gap Dips to Lowest Level in 3 Years

Weak dollar, stronger world economies fuel rise in US exports

(Newser) - The US trade gap—the difference in total value between imports and exports—dropped to a 3-year low in July as exports jumped on a weak dollar and growing overseas demand. The figure fell 0.3% to $59.2 billion, roughly on par with the estimate economists surveyed by Bloomberg...

Recalls Will Increase 'Made in China' Prices

New quality standards are expected to pinch consumers' pockets

(Newser) - Following a series of high-profile toy recalls and international criticism over China's export standards, the the cost of merchandise bearing the "Made in China" is expected to rise at least 10% in the next year, the LA Times reports. "For American consumers, the big China sale over the...

China Finds Worms, Low Standards in US Goods

Beijing calls for global quality-control reforms

(Newser) - China got off the latest shot in the war over substandard imports, reporting today it had found tiny worms in wooden packaging and substandard vitamins and children’s fish oil imported from the US. Simultaneously, China unveiled a wide-ranging recall system for its own exports that requires manufacturers to stop...

Chinese Follies Are All Too Familiar

US exhibited capitalist lapses once upon a time

(Newser) - Before Americans get on their high horse about China’s recent lapses into substandard products—not to mention those fake Harry Potter translations—they should look long and hard at their own history, the Boston Globe suggests. In the 19th century, it was the US that was considered the nation...

China Declares War on Tainted Exports

Beijing launches 4-month national campaign

(Newser) - In an effort to counteract the flood of bad publicity about its product-safety system, China will mount a 4-month "war" on tainted exports that focuses on whipping government officials into shape, Reuters reports. The short-term campaign is "a special battle to protect the health and personal interests of...

Deadly Swine Disease Sweeps China
Deadly Swine Disease
Sweeps China
Aug 16, 2007 1:10 AM CDT

Deadly Swine Disease Sweeps China

Virus sparks fears of global threat

(Newser) - A virulent strain of deadly swine disease is sweeping through Chinese livestock, triggering a pork shortage, rampant inflation and worldwide worries about where the virus will appear next, the New York Times reports. China, one the world's biggest hog exporters, is refusing to cooperate with international health organizations and may...

Inflation Eases, Trade Deficit Narrows

New data is mostly positive, and unlikely to influence interest rates

(Newser) - With the exception of energy and food, inflation at the wholesale level rose less than expected last month, while the US trade deficit got slimmer, thanks to an increase in exports. Still, a rise in energy costs in July led to an unexpected .06% uptick in the producer price index...

Chinese Toy Exec Commits Suicide After Recall

China banned exports from the company

(Newser) - The head of a Chinese company that made a million of the lead-tainted toys recalled by Mattel last month hanged himself in his warehouse this weekend. Zhang Shuhong's  suicide followed the announcement Thursday that China banned exports from his company because of the defects. Colleagues reported that Zhang had been...

UK Inspects 3rd Foot and Mouth Case

Ban lifted, but farmers urged to be wary of big losses

(Newser) - A third suspected case of foot and mouth disease has been located in southern England, health officials said, as the EU lifted a ban on slaughtering animals but kept up the prohibition on exporting animal products. Meanwhile, the Guardian reports that British veterinary investigators pinpointed two research labs they say...

EU Bans UK Animal Exports
EU Bans UK Animal Exports
Aug 6, 2007 12:52 PM CDT

EU Bans UK Animal Exports

Probe of possible source widens to include summer flooding

(Newser) - The EU imposed an indefinite ban today on exports of live animals from Great Britain after an outbreak of foot and mouth disease on a farm in southeast England. The floods that have swamped the English countryside may have played a role in the outbreak, the Guardian reports, and PM...

China's Surplus Soars to $26.9B
China's Surplus Soars to $26.9B
Jul 10, 2007 2:59 PM CDT

China's Surplus Soars to $26.9B

Weak yuan is driving China's economy to a record expansion; trade surplus nearly doubled

(Newser) - China's trade surplus surged to a record $26.9B in June, an 87% increase since last year. Economists attribute the trade gap to China's significantly—as much as 40%—underpriced currency, the yuan, reports Bloomberg. Half of China's surplus is with the US, which recently began preparing legislation to sanction...

Chinese Goods Flunk Gov't Safety Tests

Nearly 20% of domestic consumer products can't meet quality standards

(Newser) - The Chinese government acknowledged today what people around the world suspected—many products manufactured by the world's largest exporter of consumer goods are unsafe. One-fifth of its manufactured wares fail to meet government safety standards, a regulatory agency said in a posting on its website. Despite the findings, which did...

Cyclone Menaces Gulf Region, Oil Prices

Thousands flee Oman; storm may slow tankers

(Newser) - A cyclone that may be the most powerful storm ever to hit the Arabian Peninsula is heading toward the oil-rich Persian Gulf region, forcing thousands to evacuate and prompting fears of a spike in oil prices. Oman's coastal towns will take the brunt of Cyclone Gonu, which is producing winds...

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