U.S. Regains Lead as World’s Top Exporter in 1989
IMF data show the United States reasserted its position as the leading exporter in 1989 with foreign sales of 364 billion dollars, ahead of West Germany at 341.4 billion and Japan at 273.9 billion. The U.S. trade deficit fell to 128.9 billion while imports rose to 492.9 billion.
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Tokyo stocks plunge amid dollar surge to three-year high
Tokyo's Nikkei average falls 6.59 percent to 28,002.07 as insurer selloff fears spread. The dollar strengthens to about 160 yen, marking its first 160-yen trade since December 1986, with analysts citing reports of life insurers shifting funds into bonds.
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Jason James
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Taj Mahal opens in Atlantic City as Trump bets big
Donald Trump unveils the Taj Mahal Casino Resort on the Boardwalk with 3000 slots and 12 restaurants aiming to draw at least $1 million daily to cover bond debt. The 42 story casino faces flat regional gaming now facing Nevada themes and state lotteries. Trump claims the venue will surpass rivals in luxury and appeal to high rollers.
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