Post by Felix on May 14, 2007 7:43:54 GMT -5
From the New York Times:
The trade deficit, according to the article, has not yet come down, but is headed that way if trends continue. Part of this is due to the dollar being weak compared to other currencies. March trade figures were skewed by higher oil prices, but there overall seems to be some hope for improvement in trade, according to the article.
By JEREMY W. PETERS
Published: May 14, 2007
Over half of the 9.1 million vehicles General Motors
produced last year were sold in foreign countries.
More KFC fast food restaurants are opening in China
now than in the United States.
With the slumping housing market taking a toll on its
business at home, Caterpillar is counting on sales of
equipment and diesel engines in Europe, Asia and
the Middle East to keep growing.
American companies have been doing business
abroad for a long time, but never before has it been
so important. This year, for the first time, Standard &
Poor’s expects the 500 companies in its benchmark
stock index to generate more than half of their sales
in foreign countries.
Published: May 14, 2007
Over half of the 9.1 million vehicles General Motors
produced last year were sold in foreign countries.
More KFC fast food restaurants are opening in China
now than in the United States.
With the slumping housing market taking a toll on its
business at home, Caterpillar is counting on sales of
equipment and diesel engines in Europe, Asia and
the Middle East to keep growing.
American companies have been doing business
abroad for a long time, but never before has it been
so important. This year, for the first time, Standard &
Poor’s expects the 500 companies in its benchmark
stock index to generate more than half of their sales
in foreign countries.
The trade deficit, according to the article, has not yet come down, but is headed that way if trends continue. Part of this is due to the dollar being weak compared to other currencies. March trade figures were skewed by higher oil prices, but there overall seems to be some hope for improvement in trade, according to the article.