UPDATE: Pres Biden Upgrades Sanctions Vs Russia; ‘It’s a War Without a Cause’
By Frank Csongos and Denny Gulino WASHINGTON (MaceNews) – President Joe Biden announced Thursday new economic sanctions on Russia to punish its military invasion of Ukraine. Biden denounced Russian President Vladimir Putin of waging “naked aggression” and pledged Russia will bear the consequences. “It’s a war without a cause,” he said. Biden said the U.S. […]
Japan January Exports Post 11th Straight Rise on Reopening Demand but Pace Slows
–Import Gain Remains High on Energy, Leading to 6th Straight Trade Deficit –Exports to China Slip Leading to Lunar New Year Holidays –Auto Shipments Slide After Recent Pickup on Easing Supply Bottlenecks By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 11th straight month in January but at a slower […]
Pres Biden: Haven’t Verified Any Russia Withdrawal; GOP Prepares Sanctions Bill
By Eric Ham WASHINGTON (MaceNews) – President Biden Tuesday said he has not verified Russia claims it is withdrawing some forces from nearby Ukraine as Republicans prepare their own sanctions legislation. In a brief statement delivered as U.S. stocks were posting gains on the possibility of a Russian drawdown, the president tempered the optimism with […]
Japan December Exports Continue Rising on Reopening Demand, Car Supply Pickup
— Import Gain Remains High on Energy, Leading to 5th Straight Trade Deficit By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 10th straight month in December, thanks to reopening demand for iron and steel and electronic parts as well as easing supply constraints for the auto industry, data released […]
Japan Government Keeps Economic Pickup View After December Upgrade
— Consumers Brave Omicron Scare in Year-End, New Year Leisure Season — Production Improving on Easing Supply Constraints By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic overview after upgrading it last month for the first time in 17 months, saying consumer spending is picking up — despite rising Covid cases — and […]
Japan Nov Machine Orders Post 2nd Straight Rise as Supply Bottlenecks Ease
–Japan Govt Upgrades View: Machine Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, marked the second straight monthly gain in November as parts supply constraints continued easing and new Covid cases ebbed before the Omicron variant triggered a global resurgence, data […]
Japan Oct Machine Orders Rebound On Eased Supply Delays, Covid Rules
–Japan Govt Keeps View: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a solid rebound in October amid signs of a slight easing in delayed parts supply from Southeast Asia and relaxed Covid restrictions on business hours and public events […]
Japan Oct Exports Slow on Parts Supply Delays; Steel, Machine Demand Solid
— Imports Up on Rising Energy Costs, Leading to 3rd Straight Trade Deficit By Max Sato (MaceNews) – Year-on-year growth in Japanese exports continued to lose momentum in October as Covid-triggered delays in parts supply from Southeast Asia, microchip shortages and congestion at international ports have forced carmakers and others to trim output and shipments, […]
US Data Preview Commentary: Retail Sales, Housing Starts, and More Angst About Threats of Partisan Violence
By Denny Gulino WASHINGTON (MaceNews) – A week of ordinary and not too consequential economic data, like October retail sales and housing starts, a US-China summit chat, the signing of BIF (Amtrak fans rejoice) and more socioeconomic angst reflected in a flurry of essays about America’s threatened civil war. No one needs to be told […]
Japan Sept Exports Slower as Global Supply Chain Snag Cuts Auto Shipments
— Imports Surge on Energy, Vaccines, Leading to 2nd Straight Trade Deficit By Max Sato (MaceNews) – Japanese exports stayed above the level seen a year earlier in September but the pace of increase continued decelerating as carmakers and electronics firms cannot meet reopening demand amid worsening global supply chain disruptions, data released Wednesday by […]