U.S. international trade deficit shrinks in July
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the…
Browsing: International trade
Creditors to Ukraine grant suspension of debt service through 2023
The group agreed to grant Ukraine’s request for deferral given the “exceptional circumstances, and acknowledging Ukraine’s exemplary track record of honoring debt service to date.
Podcast: Persistent Inflation, Full Employment Driving Rate Hike Expectations
Inflation surprises and labor market tightening necessitate an appropriate response from the Federal Reserve, says Ellen Zentner on the latest episode of the ABA Banking Journal Podcast.
Podcast: Just How ‘Transitory’ Will Inflation Be?
With the Consumer Price Index rising 5.4% year-on-year in September, questions continue to simmer about how persistent and long-lasting inflation will be.
U.S. International Trade Balance Widened in August
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the…
International Trade Balance Widened in April
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the…
ABA, Groups Commend Policymakers on Phase 1 China Trade Agreement
The American Bankers Association, along with other members of the Engage China Coalition, wrote to Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer today thanking them for their work to include the financial services industry in the recent Phase One trade agreement signed between the U.S. and China.
Trade Groups Call on Congress to Grant Ex-Im Bank Long Term Authorization
ABA and BAFT—the association’s global transaction banking subsidiary—today joined several other trade groups in a letter to members of Congress urging them to support bipartisan legislation granting a 10-year reauthorization to the U.S. Export-Import Bank.
BAFT Releases Updates to Trade Transaction Compliance Guide
BAFT—ABA’s global transaction banking subsidiary—and the Wolfsberg Group and the International Chamber of Commerce today released appendices to their 2017 set of trade finance principles, which address the due diligence required by global and regional financial institutions of all sizes in the financing of international trade.
International Trade Gap Widened 1.3 percent in October
The U.S. international trade deficit widened in October, rising 1.7 percent to $55.5 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports rose by 0.2 percent, while exports declined by 0.1 percent. September’s trade deficit was revised from $54.0 billion to $54.6 billion. The goods deficit increased 1.0 percent