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Stocks Blog: Traders look to corporate results as earnings season kicks off

Good morning, traders — There may be a second trade phone call this week, and if it goes well, we’ll likely see a visit to Beijing by trade negotiators Steven Mnuchin, the US treasury secretary, and Robert Lighthizer, the US trade representative.  This is from Mnuchin. That came after — you guessed it — another tweet by US president Donald Trump, who said, his tariffs “are having a major effect on companies wanting to leave China for non-tariffed countries. This is why China wants to make a… Source link

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Vietnam 

Government asks for tight control over corporate bond issuance – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A corner of the Văn Phú Victoria real estate project, which is built by Văn Phú-Invest JSC. The company is among property developers that want to raise capital from bond issuance with annual yield rate of 12 per cent. — Photo ndh.vn HÀ NỘI — Deputy Prime Minister Vương Đình Huệ has asked for tight control of corporate bond issuance so the finance and equity sectors operate properly and safely. A number of companies, especially property developers, have offered corporate bonds with high volumes and yield rates (12-14 per…

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Vietnam 

VN stocks may keep rising, driven by corporate earnings – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The front of an FPT Shop, the digital retail chain run by FPT Retail. The company is expected to record good earnings in the second quarter and in the first six months of 2019. – Photo fptshop.com.vn HÀ NỘI – As corporate earnings are predicted to rise in the second quarter and first six months of the year, investors may return to the Vietnamese stock markets and lift local shares. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained slightly 0.24 per cent to close Friday at…

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Vietnam 

Transparency needed for healthier corporate bond market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  By June 24, the outstanding value of corporate bonds accounted for 10.22 per cent of 2018’s Gross Domestic Product (GDP), more than 3 per cent higher than the goal for 2020 set by the Government. — VNA/VNS Photo HÀ NỘI — To develop a healthy bond market and reduce risks for investors, quality of information disclosure and transparency of corporate bond issuance need to be enhanced. The country’s corporate bond market has been on an upswing in recent years. The Hà Nội Stock Exchange (HNX) estimated that about VNĐ89.5 trillion (US$3.85…

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Vietnam 

VN stocks climb with hopes for trade deal, corporate earnings – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Inside a VietinBank office in Hà Nội. The bank shares surged 6.9 per cent on Monday. – VNA/VNS Photo Hoàng Hùng HÀ NỘI – Vietnamese shares started the third quarter on a positive note as expected as investors were upbeat on ratified trade deals and expectations for quarterly earnings reports. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 1.65 per cent to close Monday at 965.61 points. It was also the strongest daily growth for the VN-Index since March. The VN-Index gained 0.72 per cent on…

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The Impact and Effectiveness of Corporate Governance Reforms

[Sponsored Article] Board Reforms and Firm Value: Worldwide Evidence FAUVER, Larry | HUNG, Mingyi | LI, Xi | TABOADA, Alvaro G.  Journal of Financial Economics 125, 120–142  The past 20 years has seen a marked global increase in the amount of corporate board reforms aimed at increasing firm value. It is believed that with greater outside representation on the board, insiders – such as top executives and shareholders – will be discouraged from reaping private rewards, and instead will… Source link

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Police arrest Kangde Xin’s major shareholder in a show of force to support regulator’s crackdown on corporate malfeasance

Chinese police arrested the owner of a company on the Shenzhen Stock Exchange on Sunday, a show of force after the securities regulator pledged to crack down on malfeasance to force the country’s listed companies to improve their corporate governance.Zhong Yu, the 69-year-old former chairman and controlling shareholder of Kangde Xin Composite Material Group, was arrested on Sunday, the public Security Bureau of Zhangjiagang city in eastern China’s Jiangsu province announced via its Sina Weibo… Source link

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Money 

China’s securities regulator lays out his bottom line for corporate governance to undergird markets for external shocks

China’s securities regulator has reiterated his resolve to crack down on malfeasance, outlining four types of corporate activities that breach the bottom line of good governance, as the country’s stock market reeled from a week of roller-coaster swings.“Corporate governance forms the pillar and the foundation of the capital market, without which a solid financial system cannot exist,” said the chairman of the China Securities Regulatory Commission (CSRC) Chairman Yi Huiman, during an event by… Source link

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Vietnam 

Corporate bond issuance up 220% in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

More than VNĐ9.1 trillion (US$391 million) worth of corporate bonds were issued in the first quarter of 2019, up 222 per cent year on year. — Photo tapchitaichinh.vn/ HÀ NỘI — More than VNĐ9.1 trillion (US$391 million) worth of corporate bonds were issued in the first quarter of 2019, up 222 per cent year on year. The Refrigeration Electrical Engineering Corporation (HoSE: REE) had the highest value of corporate bond issuance with VNĐ2.32 trillion. REE’s bonds will mature in 10 years with annual yield rate of 7 per cent. HCM…

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Corporate China hit by worst earnings on record in 2018, as trade war bites

This is the worst annual earnings season ever for China’s corporate sector, with a record 452 out of 3,602 public companies incurring annual losses, as the effects of the year-long US-China trade war seep into corporate earnings.By the end of April, the number of loss-making companies had doubled from 2017, while the proportion of such companies also hit an all-time high of 12.5 per cent, according to data provider Wind. The combined net profit of companies listed on the Shanghai and Shenzhen… Source link

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