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Japan Announces Surprise Trade Surplus for February

Posted March 22nd, 2012 at 2:15 am (UTC-5)
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Japan has posted an unexpected trade surplus for February, reversing five months of heavy losses. The finance ministry announced a $394-million surplus last month, fueled by a 26.9 percent rise in auto exports to the United States. Imports rose by 9.2 percent, thanks to Japan’s growing demand for fuel imports in the aftermath of last […]

Portugal’s Largest Union Strikes Against Austerity Measures

Posted March 22nd, 2012 at 1:10 am (UTC-5)
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Portugal’s largest union has launched a 24-hour general strike against austerity measures. The temporary work stoppage by members of the General Confederation of Portuguese Workers is expected to impact public services, especially bus and rail transportation. Firefighters are staying on the job, but some of them also oppose government reforms that make it easier to […]

Tags: , , Posted in Economy, Europe

Ex-Aide Says N. Korean Satellite Launch Violates Agreement with U.S.

Posted March 22nd, 2012 at 12:40 am (UTC-5)
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A former senior White House aide on Asia policy says North Korea’s recently announced plan to launch a satellite into orbit would violate an agreement with the U.S. on the suspension of ballistic missile testing. Victor Cha, the former director of the National Security Council for Asian Affairs, says when Pyongyang agreed last month to […]

Tags: , , Posted in East Asia Pacific