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Business: Page 1349

Thailand's first trade deficit, business confidence low
ThailandFebruary 3, 2014 ET
Thailand posted a trade deficit of $22.19 billion in 2013, with exports declining by over 0.3 percent from the previous year, statistics by the Bank of Thailand (BOT) showed.
U.S. cattle herd shrinks to smallest since 1951
U.S. cattleFebruary 3, 2014 ET
The U.S. cattle herd shrank to the smallest in 63 years as of January 1, as ranchers struggled to recover from years of drought.
Vietnam apparel production up 26.9% in January
Vietnam textileFebruary 3, 2014 ET
The production of garments and textiles in Vietnam increased by 26.9 percent year-on-year in January 2014, according to the General Statistics Office, under the Ministry of Planning and Investment, Vietnam National Textile and Apparel Group (Vinatex) said.
Italian economy to fully recover in 2020
ItalyFebruary 3, 2014 ET
Italy has started a slow recovery from its worst postwar recession but it will take years before the country's economy returns to pre-crisis levels, the head of analyses and forecasts for the Italian economy of the Bologna-based Prometeia think tank said.
Irish GDP to grow more than estimated
IrelandFebruary 3, 2014 ET
The Irish economy is set to grow at a stronger pace this year than estimated earlier, and the positive trend will continue in 2015, according to the quarterly report from the Central Bank of Ireland.
Two percent of Italian GDP comes from U.S.
Italy portFebruary 3, 2014 ET
Business volume between Italy and the U.S. is worth 28 billion euros a year, or 2% of Italian GDP, according to the Tuscany chapter of Unioncamere chambers of commerce federation.
Consumer confidence in Germany jumps
BerlinFebruary 1, 2014 ET
Consumer sentiment in Germany is buoyant at the start of 2014, according to GfK. The indicator, which jumped from a revised 7.7 points in January (previously reported: 7.6 points) to 8.2 points in February.
New Zealand export saw records thanks to milk powder and China
New Zealand milk powderJanuary 31, 2014 ET
Milk powder exports, particularly to China, dominated the total goods exported for the year ended December 2013, according to Statistics New Zealand.
Banks need more people to prepare for tougher stress tests
BanksJanuary 31, 2014 ET
A new report from PwC has revealed that banks do not have enough employees dedicated to preparing for tougher regulatory stress tests.
Fitch: It's not about millions, it's about moral
Chinese yuanJanuary 31, 2014 ET
The move this week to avoid default by a trust product managed by China Credit Trust comes as a relief to local investors and market participants, but it also represents a potentially missed opportunity to limit moral hazard, says Fitch Ratings.
China's manufacturing sector in small problems
China factoryJanuary 31, 2014 ET
January data signalled a deterioration of operating conditions in China's manufacturing sector for the first time in six months.
Brazilian machinery exports down
Brazilian machineryJanuary 31, 2014 ET
Brazilian mechanical capital goods exports reached $1.335 billion last December, an increase by 30% in relation to the previous month and by 38% in relation to December 2012, according the Brazilian Machinery and Equipment Industries Association (Abimaq).

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