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Stocks blog: Asia stocks expected to follow US peers, open mixed

US markets closed mixed overnight after they collectively slammed down a session earlier. Expectations of a rate cut by the US Federal Reserve seemed to calm some nerves, as such a move was viewed as keeping a recession in the American economy – and a wider global economic slowdown – at bay. But trade uncertainties have refused to go away. Beijing hit back with its own tariffs, calling the imposition of 10 per cent levies on US$300 billion of Chinese goods a breach of agreements reached… Source link

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Vietnam 

Refinitiv Brings its Financial Data to the Cloud for Customers in Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Full breadth and depth of Refinitiv’s real-time data available through flexible and secure AWS Cloud services   SINGAPORE – Media OutReach – 15 August 2019 – Refinitiv has launched delivery of its financial data to Asia-based clients leveraging Amazon Web Services (AWS) as it continues to expand its global cloud capabilities to meet customers’ needs.   Refinitiv’s Elektron real-time data is now available in the AWS Asia Pacific (Singapore) Region, improving service quality to customers based in the region. The Elektron real-time cloud delivery is designed to simplify access to real-time price information…

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Vietnam 

E-commerce market may rank third in Southeast Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam online marketing forum 2019 was held in Hà Nội on Wednesday. — Photo http://dangcongsan.vn HÀ NỘI — Việt Nam could have Southeast Asian’s third-largest e-commerce market by 2025. The information was released during the Việt Nam online marketing forum in Hà Nội yesterday. The country could sit behind only Indonesia at US$100 billion and Thailand at $43 billion. According to the E-Business Index 2019 report drafted by the Việt Nam E-Commerce Association, the scale of Việt Nam’s e-commerce market in 2018 was $9 billion. The report also…

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Vietnam 

YSI Asia Convening 2019 kicks off in Hà Nội – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  YSI Asia Convening 2019 is a platform for young economists from many research branches to gather, meet and share ideas related to the social challenges of the 21st century. — VNS Photo Phương Thảo HÀ NỘI — Hundreds of young scholars from all over Asia are discussing new economic thinking and presenting their research at YSI Asia Convening 2019, taking place in Hà Nội from August 12 to 15. The event was organised by Institute for New Economic Thinking’s Young Scholars Initiative (YSI) in collaboration with Việt Nam National University’s University of…

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Singapore 

Singapore doesn’t profit from Hong Kong chaos, says minister K Shanmugam, Singapore, Asia News

A senior Singapore government official has described prolonged anti-government protests in Hong Kong as worrying, but insisted that the republic does not stand to gain from the ongoing unrest. Minister for Law and Home Affairs K Shanmugam said that at the most basic level, Hong Kong must deal with the law and order situation that has arisen as protesters have broken into the city’s legislature, defaced flags, held sit-ins at the airport, surrounded police stations and disrupted public transport, among other things. The extent of the protests, involving thousands including…

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Singapore’s online hotel booking site RedDoorz targets Southeast Asia push

RedDoorz founder and chief executive Amit Saberwal describes his four-year-old budget hotel online booking start-up as a “combination of Uber and Marriott”.The Singapore-based firm is like Uber Technologies in the sense that the hotels listed on its app are owned by individual proprietors, just like many drivers own their cars and pick up bookings through the US ride-hailing giant. It is like Marriott International, the American hotel chain operator and franchiser, on the hospitality side… Source link

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Singapore 

Asia Times article questioning Home Affairs Minister’s statements on drug abuse ‘quite inaccurate’: MHA, Singapore News

SINGAPORE – There are inaccuracies in an Asia Times article that challenged several Singapore Government statements on the effect and consequences of narcotics, the Ministry of Home Affairs (MHA) said on Friday (Aug 2). In a four-page release, the ministry addressed points made in a July 17 opinion piece by human rights analyst Gen Sander that claimed that Law and Home Affairs Minister K. Shanmugam was “spreading disinformation” about the social costs and impact of decriminalising or legalising drugs, as well as the deterrent effect of the death penalty. “Ms…

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Prada profit surges in first half, as tax benefit helps overcome Asia sales slowdown

Italian luxury brand Prada announced net profit surged 55.7 per cent in the six months through June, largely due to gains from a tax benefit which helped offset shrinking sales in Asia-Pacific.Net income for the group during the six-month period totalled 154.89 million euros (US$171.31 million), compared to 99.46 million euros a year earlier, and beating the average forecast of 108.9 million euros among analysts polled by Bloomberg.Hong Kong-listed Prada said in the earnings announcement that… Source link

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Vietnam 

Chillax Asia 2019 Drives Entrepreneurship to New Levels in Singapore’s Bakery Confectionary Sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

SINGAPORE – Media OutReach – 29 July 2019 – Chillax Asia 2019, also called Food, Bakery & Beverage Exposition, has driven entrepreneurship deeper into Singapore’s food, bakery and confectionery sector.   Chillax Asia 2019 – Dialogue session with Member of Parliament Teo Ser Luck (centre), SBCTA President Mr Tang Siew Chuan (second from left) and The Planner Affairs’ Mr Thomas Tan (second from right), alongside other guest speakers Following the signing of an agreement between the Singapore Bakery & Confectionary Trade Association, Workforce Singapore and the Employment and Employability Institute…

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Trade war thumps confidence, sending acquisition activity in Asia to a six-year low in the half, Mergermarket data shows

The value of mergers and acquisitions shrank by 36 per cent in Asia during the first six months of 2019 to a six-year low, led by declines in China-related deals as the US-China trade war and increased regulatory scrutiny stifled deal making.The value of M&As fell to US$241 billion during the first half in Asia excluding Japan, the lowest since 2013, according to data by Mergermarket. Declines picked up pace in the second quarter, falling by nearly a third to US$97 billion through 743… Source link

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