Monday, September 27, 2010

Quick Overview

  • China said it will slap a hefty tariff on U.S. chicken imports to combat what it says are unfairly low prices. The New import duties range from 50.3% to as much as 105.4 % will take effect Monday and last for five years.

  • U.S. Congress moved a step closer to punishing China for allegedly manipulating its currency. A bill in the U.S. Congress would allow US companies to petition for higher duties on imports from China to compensate for an under-valued Chinese Yuan.

  • The SEC denied a bid by China's largest credit rating firm to become an officially recognized statistical rating organization in the United States.

  • YoY Japan's trade surplus dropped 37.5% in August
  • YoY Japan's exports in August grew 15. 8 %

  • Mexico's July economic activity index rose  5.1% YoY

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