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Russia industrial output fell 0.7% YoY in May, versus market expectations for 1.6% growth.

2026-06-25

Russia industrial output fell 0.7% YoY in May, versus market expectations for 1.6% growth.

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2026-06-24

On June 23, China Commerce Vice Minister and Deputy Representative for International Trade Negotiations Ling Ji met visiting European Commission Deputy Director-General Lei Dongnei to exchange views on preparations for the inaugural meeting of the Ch

On June 23, China Commerce Vice Minister and Deputy Representative for International Trade Negotiations Ling Ji met visiting European Commission Deputy Director-General Lei Dongnei to exchange views on preparations for the inaugural meeting of the China-EU trade and investment consultations mechanism.
2026-06-24

US current account deficit widened to $226.8 bln in Q1, up $5.8 bln (2.6%) from a revised $221.1 bln in Q4, and rose to 2.9% of GDP from 2.8%. The increase was not trade-driven: the goods trade deficit narrowed and goods and services exports jumped $

US current account deficit widened to $226.8 bln in Q1, up $5.8 bln (2.6%) from a revised $221.1 bln in Q4, and rose to 2.9% of GDP from 2.8%. The increase was not trade-driven: the goods trade deficit narrowed and goods and services exports jumped $50 bln to $1.38 tln. The main drag was primary (investment) income, which swung from a Q4 surplus to a Q1 deficit, signaling changes in relative returns between US residents’ foreign assets and foreigners’ US assets and higher financing costs for an increasingly imbalanced international balance sheet. Annual revisions were large: Q4’s deficit was revised from an initial -$190.7 bln to -$221.1 bln, and the net international investment position was adjusted by nearly $6 tln.
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