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Explainer: Can the US take back some control of rare earths from China?

China has retaliated against the United States’ imposition of up to 25 per cent tariffs on US$200 billion worth of Chinese exports, by slapping duties on US$60 billion worth of US products from June 1, including rare earth products.One US company, MP Materials, is the primary target of these duties, which will be raised from the 10 per cent imposed in September. The company runs the US’s only commercial scale rare earth mining project, and relies on Chinese downstream processors to buy its… Source link

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Vietnam 

Flexible monetary policies to control inflation, support growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A customer performs transactions at Vietcombank’s headquarters in Hà Nội. The State Bank targets a 13 per cent increase of total means of payment and credit growth of 14 per cent this year. VNA/VNS Photo Trần Việt  HÀ NỘI – The State Bank of Việt Nam (SBV) would continue to follow a pro-active and flexible monetary policy as well as working in close conjunction with fiscal and other policies to control inflation and support economic growth in 2019. SBV Deputy Governor Nguyễn Thị Hồng made the statement at a banking forum…

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The bull market is a monster the central banks helped create. What can they do now to keep it under control?

Have we really entered a new age of a perpetual bull market for stocks? The current rally in the S&P 500 is the longest on record, with another high notched up last week. Will the central banks finally spoil the party or will they continue to lead the rally as they have since the darkest days of the 2008 crash? With global monetary policy becoming blurred, investors can probably count on the central banks to extend their blessings a while longer.It’s a far cry from 1996 when then United States……

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Vietnam 

Taisho takes control of Hậu Giang Pharmaceutical – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A pharmaceutical warehouse of DHG. Taisho Pharmaceutical Co Ltd acquired an additional 20.6 million shares of DHG, lifting its stake to 50.78 per cent. — Photo youtube.com HÀ NỘI – Hậu Giang Pharmaceutical Joint Stock Company (DHG) has become a subsidiary of Japan’s Taisho Pharmaceutical Co Ltd after the Japanese drugmaker acquired an additional 20.6 million shares of DHG, lifting its stake to 50.78 per cent. The number of shares acquired was smaller than Taisho’s initial offer to purchase a total of nearly 28.4 million shares from existing shareholders.…

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Hong Kong-listed Xinyang Maojian Group to switch to tea production, says shareholder on verge of taking control

The second-largest shareholder of Hong Kong-listed company Xinyang Maojian Group said on Wednesday it will shift its focus to tea farming and drinks from chemicals production.“The chemicals industry has been suffering a downturn and the market is very bad,” said Sha Tao, who is on the verge of boosting his stock to a controlling stake of 27.51 per cent. Last week, he reached an agreement to acquire 146 million shares held by Chan Yuen Tung, its founder and controlling shareholder. He will… Source link

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Vietnam 

Fuel price hikes create pressure but CPI under control – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Giáp Bát Bus Station. Recent petrol price hikes were putting pressure on consumer prices.  VNA/VNS Photo Quang Quyết     HÀ NỘI – Petrol price hikes in April were putting pressure on prices but the consumer price index (CPI) was still under the control, according to the General Statistics Office (GSO). Petrol prices rose twice in April, adding altogether VNĐ2,500 per litre (US$0.11), equivalent to 14 per cent, to VNĐ19,703 for petrol E5 RON92 and VNĐ21,235 for petrol RON 95. Coupled…

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Beijing takes control of rating agency Dagong, following last year’s licence suspension in China

Dagong Global Credit Rating, one of China’s oldest and biggest rating firms, has been taken over by the central government after its mainland licence was suspended last year from the bond market business for “chaotic” management problems and providing “fake” information.China Reform Holdings, a central government-owned enterprise, said in a statement on Thursday that it has acquired a controlling stake in Dagong and will put it under a strategic restructuring.“It’s not simply a nationalisation… Source link

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Vietnam 

Central bank asks for tightened control over real estate loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The State Bank of Việt Nam has asked for control over real estate loans of credit institutions to be enhanced, especially in areas showing signs of land price fever. — Photo vneconomy.vn HÀ NỘI — The State Bank of Việt Nam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever. SBV’s Governor Lê Minh Hưng in a recent document about lending operations in 2019 asked its branches and banks to keep a close…

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China 

US-China trade war ‘still within control’, Beijing says, as trade gap widens due to soaring Chinese exports

The US-China trade war is “still within control”, said a Chinese government spokesman, as the country’s trade surplus widened significantly in March.Exports soared while imports crashed, new data released on Friday showed, with analysts pointing to the seasonal distortions of the Lunar New Year holiday, as well as possible Chinese government intervention in the economy.“The China-US trade frictions have caused certain impacts to the operations of Chinese companies, but we think the overall… Source link

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Brainwave-tracking start-up in China schoolchildren controversy working on mind control

The concept of telekinesis, which is the ability to move objects at a distance through the sheer power of the mind, can be a tantalising feat to behold.For hi-tech start-up BrainCo, it has removed that capability from the realm of science fiction into practical applications, some of which it has presented in trade exhibitions.At the annual CES trade show in Las Vegas in January, a number of visitors to BrainCo’s booth were given the opportunity to demonstrate their brain power. They were asked… Source link

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