Vietnam 

Insurance stocks fail to attract individual investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Inside the office of Post and Telecommunications Insurance Corp (HNX: PTI). Despite good earnings, insurance stocks have been undervalued for their modest dividend payout rates. – Photo pti.com.vn HÀ NỘI – Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector. Ten insurance companies are trading on the Vietnamese stock market but only Bảo Việt (HoSE: BVH) has seen its share price approach VNĐ80,000, as its shares ended Monday at VNĐ78,600 per share. Meanwhile, another nine stocks closed Monday at maximum VNĐ36,500…

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Vietnam 

Ministries, gov’t agencies fail to disclose spending details – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The ceremony introducing the MOBI 2018 Report on Tuesday, – Photo saigondautu.com.vn HÀ NỘI – Twenty of total 37 ministries and central government agencies receiving funding from the State budget disclosed no information about expenses in 2018, a report revealed on Tuesday. The report was named MOBI 2018 and developed by the Centre for Development and Integration (CDI) and the BTAP Coalition, which promotes transparency, accountability and citizen participation in state budget management, with support of the non-governmental organisation Oxfam. The ministries and central agencies studied by the report did…

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Home 

Record 20 companies face expulsion from Hong Kong stock exchange if they fail to convince regulators they’ve improved

Twenty companies face possible expulsion from the Hong Kong stock exchange if they miss a deadline on Wednesday (July 31) to convince regulators that their shares should be allowed to resume trading.If all 20 were to miss the deadline, or fail to address the problems that led to their suspension in the first place, it would be by far the biggest number of delistings in a single year in the history of the city’s stock exchange and one of the largest of any bourse worldwide.A new rule announced… Source link

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Home 

UK authorities fail to reassure investors in what could be the country’s biggest property scam this year

Investors in holiday homes and student accommodation projects in the United Kingdom have been left disappointed after authorities, including the Serious Fraud Office, failed to provide a satisfactory response in what could be the country’s biggest property scam this year.More than 100 investors are seeking redress from marketing agency Emerging Property and developer and manager A1 Alpha Properties (Leicester). They said A1 Alpha stopped paying them promised rental ­returns of 8 per cent to 10… Source link

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Home 

Hong Kong protests fail to dampen demand for micro flats as T-Plus project in Tuen Mun sells 245 out of 344 units

The allure of a property “bargain” in Hong Kong may be stronger than concerns about the recent social unrest that has rocked the city if sales of tiny, heavily discounted, flats at a major project in Tuen Mun today were anything to go by.By 6pm on Sunday, 245 of the 344 units on offer at T-Plus had been bought, making it the largest weekend property sale since the huge rallies against the government’s proposed extradition bill began last month. Sales are set to continue until 11pm and resume on… Source…

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Home 

Why Facebook’s answer to bitcoin and WeChat Pay, libra, is doomed to fail

“Move fast and break things. Unless you are breaking stuff, you are not moving fast enough,” Facebook founder Mark Zuckerberg once said.Today Facebook is racing as fast as it can to break the global financial architecture, before the world’s big governments can shatter its existing business model.It will lose the race.Last week the US social media giant announced plans to launch a new “global currency” called libra. The idea is to use a smartphone app to create an international payments system… Source link

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China 

Donald Trump prepared to impose lower tariffs if China talks fail

This story is published in a content partnership with POLITICO. It was originally reported by Pradnya Joshi on politico.com on June 26, 2019.US President Donald Trump said on Wednesday he was prepared to impose additional tariffs on China if talks this week do not end in progress, but suggested additional duties could start at a lower amount of 10 per cent.Trump has already imposed 25 per cent tariffs on US$250 billion worth of Chinese goods and has been preparing to levy duties on the… Source link

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Ecommerce 

Can you trust TripAdvisor, or does ‘wisdom of crowds’ theory fail when applied to online review sites?

It is fashionable now to think that if you take a large number of opinions on a topic and average them out, the result will better reflect the truth than any single opinion. This idea is often referred to as the wisdom of crowds, and it is particularly popular with supporters of websites that are driven by customer reviews. The idea of the wisdom of crowds was popularised by New Yorker finance writer James Surowiecki in his 2004 book of the same name, but it was conceived a century earlier,…

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Home 

Hong Kong’s property bull run takes a surprise break as Sun Hung Kai’s Park Yoho Napoli flats in Yuen Long fail to sell out

The bull run in Hong Kong’s residential property market took an unexpected break on Saturday when a weekend launch by the city’s biggest developer failed to sell out.Sun Hung Kai Properties (SHK) sold 17 of the 144 flats at the Park Yoho Napoli project on Castle Peak Road in Yuen Long as of 3:30pm, according to sales agents, adding that very few more are likely to find buyers. Prices started from HK$17,307 per square foot before discounts of up to 21 per cent.In its rush to get Napoli – the……

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Home 

Carlos Ghosn’s successor at Nissan may fail to get partner Renault’s backing if he continues to oppose merger

Carlos Ghosn’s arrest threw Nissan Motor into a corporate tailspin with allegations of self-dealing, profligate spending and filing false statements. Now the carmaker’s profits are falling off a cliff, and successor Hiroto Saikawa may go down with them.Troubled by slumping US sales, ageing models and a product cycle that’s out of sync, the Yokohama-based company is on track to announce on Tuesday its lowest annual operating profit in a decade, raising the possibility of a dividend cut. The… Source link

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