The Trade Deficit fell in September to $44.00 billion after it rose in August to $46.48 billion. The fall in the trade deficit is very good news for the economy. View full post on All Stories

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The Obama Administration is preparing to promote exports with “Made in America” brand from manufacturing sector during the upcoming presidential trip to Asia, officials told journalists on Monday. During his trip to Asia later this week, President Barack Obama would concentrate on opening [...]

Japanese economy issued its retail trade seasonally adjusted for the month of September, where the index released with actual reading -3.0%, compared with the pervious reading 1.4%, while analysts’ expectations estimated of -0.5%.On the year, the retail trade recorded 1.2% during September, compared. View full post on All Stories

AHN News Staff Tokyo, Japan (AHN) – Japan’s popularity is apparently rising in the Asian region against China especially with developing power India, as a civilian nuclear deal between Tokyo and New Delhi is in the cards. The two nations are also likely to work on boosting trade relations between them. Indian Prime Minister Manmohan [...]

WEAK DATA: More people applied for unemployment benefits last week, the first rise in three weeks and a sign that hiring is slow. The trade deficit widened by nearly 9 percent, as exports slowed, and wholesale prices increased slightly. View full post on All Stories

AHN News Staff Jedda, Saudi Arabia (CAHN) – While boosting trade ties between Canada and Saudi Arabia, Canadian International Trade Minister Peter Van Loan has also attended to the case of a naturalized Canadian sentenced to beheading in the Middle Eastern country. Van Loan’s spokeswoman said Wednesday the minister discussed the case of 25-year-old Mohammed [...]

BRUSSELS: The European Union’s executive Commission will unveil plans on Thursday to grant limited trade concessions to Pakistan to help it recover from devastating floods and maintain political stability, EU officials said. The proposal will see EU tariff cuts on a large number of products imported from Pakistan and should boost Pakistani imports to Europe [...]

WALL Street failed to maintain early gains today, closing below the red line as traders continue to speculate on a nearing Federal Reserve intervention to buttress the economy. View full post on All Stories

ORIGIN OF MERCHANT BANKING  Merchant banks, now so called, are in fact the original “banks”. These were invented in the middle Ages by Italian grain merchants. As the Lombardy merchants and bankers grew in stature on the back of the Lombard plains cereal crops many of the displaced Jews who had fled persecution in Spain [...]