Current account gap shrinks in Q4
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The U.S. current account deficit  shrank more than expected in the fourth quarter of 2006 to  $195.8 billion, as lower oil prices took a bite out of imports  and U.S. exports continued to rise, a Commerce Department  report showed on Wednesday.
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Americans have been stepping up their purchases of foreign stocks and bonds as the dollar&#39;s decline has accelerated and foreigners have slowed their buying of securities in the United States.
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Bonds softened while the dollar and  stocks edged up on Thursday after data showed the U.S. current  account gap widened less than expected in the third quarter.
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The U.S. current account deficit  widened slightly to a record $164.71 billion in the third  quarter as the goods trade shortfall grew and the services  surplus shrank, the government said on Thursday.
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The dollar slipped against the euro  and the yen early in New York on Tuesday immediately after the  release of data showing the U.S. current account deficit  ballooned to a new record of $166.18 billion in the second  quarter.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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The U.S. current account deficit shrank in the third quarter to its narrowest in two years, while net overall capital inflows into the country surged in October, data on Monday showed.
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Australiaâs current account deficit widened to a record level in the third quarter, putting downward pressure on the nationâs fast-growing economy and sending the countryâs currency lower.
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In its fall outlook, the global lender cuts estimates for US GDP growth for both 2004 and 2005. WASHINGTON  - US economic growth should pick up in the second half of 2004 but costlier oil and weak
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TORONTO (CP) - US stock markets shrugged off mixed economic data to post slight gains Thursday, while the Toronto market slipped due to weakness in bank shares in the last full session before the Christmas break.
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Japan sees an unexpected drop in its current account surplus, but exports continue to drive growth, figures say.
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Major currencies moved in narrow ranges against each other as the focus turned to a US labor market report due out on Friday.
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WASHINGTON, August 17 (Xinhuanet) -- Foreign investors increased purchases of US securities in June, showing that foreign demand is sufficient to finance the US current account deficit, the Wall Street Journal reported Tuesday.
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The UK trade gap with the rest of the world shrank to Â£3.6bn in April, the Office for National Statistics says.
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Business & money: Index shows 0.5% slip this month, 4.8% rise for year Nationwide predicts prices will be static in 2008
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Asian stocks took a breather on  Monday after four straight weeks of gains, with expectations of  a U.S. interest rate cut this week helping to offset renewed  worries about a global credit squeeze.
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The US federal budget deficit for the first four months of the current spending year falls to $42.2bn, figures show.