Japan trade surges in July on strong demand in China, US

Japan reports it saw strong growth in both exports and imports in July reflecting a recovery in demand in China, Southeast Asia and the U.S. The data released Thursday showed exports rose more than 13 percent from a year earlier to 6.5 trillion yen ($59 billion) while imports jumped 16 percent to 6.1 trillion yen ($55 billion), helped by a surge in oil and coal shipments.

Business Highlights

___ Corporate chiefs flee Trump; he disbands WH advisory panels NEW YORK (AP) — With corporate chieftains fleeing, President Donald Trump on Wednesday disbanded a pair of advisory business councils.

SBA head sees businesses held back by lack of loans, workers

Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners — they are increasingly optimistic, she says, but many are held back by their inability to get loans or find the right workers for jobs that are staying open.