U.S. slaps punitive penalties on Chinese woven electric blankets

June 29, 2010 10:42 am· Comments Off on U.S. slaps punitive penalties on Chinese woven electric blankets 

WASHINGTON, June 29 — The U.S. Commerce Department Monday set final antidumping duties (AD) on imports of some 55.92 million dollar woven electric blankets from China, a move might escalate trade disputes between the two countries.

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News Analysis: Is U.S. headed for a Euro-style economy?

June 29, 2010 10:42 am· Comments Off on News Analysis: Is U.S. headed for a Euro-style economy? 

By Matthew Rusling

WASHINGTON, June 29 (PNA/Xinhua) — Is the United States inching toward a European-style economy?

Arthur C. Brooks, president of the American Enterprise Institute, believes so, although others disagree.

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Canadian stocks lose as commodity prices decline

June 29, 2010 10:42 am· Comments Off on Canadian stocks lose as commodity prices decline 

TORONTO, June 29 — Canadian stocks lost steadily throughout Monday as both crude oil and gold prices softened. The S&P/TSX Composite Index closed 100.85 points, or 0.86 percent, down at 11,607.00.

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Chicago corn, wheat futures extend losses, soybean climbs

June 29, 2010 10:42 am· Comments Off on Chicago corn, wheat futures extend losses, soybean climbs 

CHICAGO, June 29 — Chicago wheat futures hit the lowest level in two weeks on Monday under pressure from improved harvest outlook as well as slack demand for U.S. supplies. Corn dropped to near 8-month low on near-perfect crop growing weather in U.S. Midwest. Soybean rose on speculation that excessive rains in the past two weeks may decrease acreage U.S farmer planted and cause harm to crops.

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US ban on Indonesian cigarette exports reduces foreign exchange income

June 29, 2010 10:42 am· Comments Off on US ban on Indonesian cigarette exports reduces foreign exchange income 

JAKARTA, June 29 – The United States ban on Indonesia`s kretek (clove-flavored) cigarette exports to that country that has been effective since September 2009 has the potential to reduce the country's foreign exchange income this year, an official said.

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Japan's jobless rate rises to 5.2% in May

June 29, 2010 10:42 am· Comments Off on Japan's jobless rate rises to 5.2% in May 

TOKYO, June 29 — Japan's seasonally adjusted jobless rate in May rose to 5.2 percent, the Ministry of Internal Affairs and Communications said Tuesday.

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S. Korea's current account surplus hits 6-month high in May

June 29, 2010 10:42 am· Comments Off on S. Korea's current account surplus hits 6-month high in May 

By Kim Soo-yeon

SEOUL, June 29 (PNA/Yonhap) — South Korea's current account surplus hit a six-month high in May on reduced spending on overseas travel and a fall in dividend payouts to foreign investors, the central bank said Tuesday.

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S. Korea's personal savings rate lower than U.S., Japan: report

June 29, 2010 10:42 am· Comments Off on S. Korea's personal savings rate lower than U.S., Japan: report 

SEOUL, June 29 — South Korea's personal savings rate is lower than the United States and Japan, a government report said Tuesday, raising concerns over long-term investment shortfalls and greater social security outlays.

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Dollar at lower 89 yen in Tokyo

June 29, 2010 10:42 am· Comments Off on Dollar at lower 89 yen in Tokyo 

TOKYO, June 29 — The U.S. dollar traded at the lower 89 yen early Tuesday in Tokyo.

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RCBC expects 10% growth for 2010

June 29, 2010 10:42 am· Comments Off on RCBC expects 10% growth for 2010 

MANILA, June 29 – Officials of Rizal Commercial Banking Corporation (RCBC), one of the biggest banks in the country, announced that they are expecting a 10-percent growth in their net income for 2010.

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