The USDA said Thursday that corn export sales totaled 284,400 metric tons for the week ending Oct 3, below the low end of forecasts that ranged from 500,000 metric tons to 800,000 metric tons.
The US budget deficit widened to 4 billion, which was 4.6% of the nation's gross domestic product. The previous fiscal year deficit was 9 billion, with a deficit-to-GDP-ratio of 3.8%. Total receipts increased by 4% but outlays rose by 8.2%.
The US continues to raise tensions in the region even though the DPRK and the ROK are technically still at war, as the Korean War (1950-53) ended with an armistice agreement, not a peace treaty. In May, the Pentagon endorsed a plan, the Asia Pacific Stability Initiative, to invest .5 billion to strengthen US military presence in the Asia-Pacific region over the next five years. The plan, if approved, would translate into an extra annual spending of .5 billion for the region from 2018 to 2022.
The Turkish lira has fallen more than 10 percent since last week when the United States slapped sanctions on two Turkish ministers. Early Friday, the currency hit an all-time low of 6.30 against the US dollar.
The US government's partial shutdown has forced national parks to either close or reduce staff and services, but the Statue of Liberty and Ellis Island are staying open.
The United Kingdom is likely to lose its appeal to Chinese investors due to a grim economic growth forecast brought on by Brexit, according to new research.
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The UN Security Council also said recently that it would make humanitarian exemptions to sanctions on the DPRK to help it fight the novel coronavirus.
The United States was the most active investor in the Asia-Pacific region last year, with US companies completing .2 billion worth of M&A deals in the region. Meanwhile, US companies were responsible for 34.3 percent of the inbound investment amount registered in China last year.
The US delegation was led by US Deputy Trade Representative Jeffrey Gerrish.
The US appreciated China playing a positive role on the issue and would like to maintain communication and coordination with China, he said.