Chinas trade surplus was a record $14.5 billion in
June, beating the previous high of $13 billion set the previous
month. Exports surged 23.3% from a year earlier while imports
gained 18.9%. Separate data showed annual M2 money supply
growth slowed to 18.4% from 19.1%.
Latest figures showed Turkeys budget surplus at
4.9 billion lira as the government collected unpaid tax from a
mobile phone company.
Argentinas central bank ordered commercial lenders
to limit their holdings of government bonds to 35% of total
assets by this time next month. The effects are likely to be
limited to individual institutions as the banking system
average is for government paper to account for just 27.7% of
Serbian annual inflation slid to 15.1 % in June from 16.1% in
May as the dinar strengthened.
The value of Philippine exports climbed 17.3% in May from a
year earlier to $3.9 billion, powered by sales of