Vietnam 

Bubble tea, a gold mine attracting investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers queue up to purchase milk tea outside a shop in Hà Nội. VNS Photo Đoàn Tùng   HCM CITY — Investors are flocking into the bubble tea market since demand is booming across the country. Market researchers have found the market is growing at 20 per cent a year and reached US$300 million two years ago. There are over 100 brands already and many more famous names are flocking in. In large cities like HCM City and Hà Nội, it is easy to find bubble tea stores belonging to major…

Read More
China 

Hong Kong shares gold for world’s most expensive city, alongside Paris and Singapore, survey says

Hong Kong and Paris are now tied with Singapore as the world’s most expensive cities to live, according to a survey by the Economist Intelligence Unit.Hong Kong moved up three places globally to join Singapore, which has been the world’s most expensive place to live for the last five years. It is the first time that three cities have been tied for first place in the survey.Paris, Singapore and Hong Kong are all 7 per cent more expensive to live than New York, the benchmark city. The Worldwide… Source link

Read More
Home 

Alibaba Pictures shares rise after striking gold with Green Book’s best picture win at the Oscars

Producers of Best Picture nominee “Green Book” Peter Farrelly and Nick Vallelonga accept the award for Best Picture with the whole crew on stage during the 91st Annual Academy Awards at the Dolby Theatre in Hollywood on Sunday, February 24, 2019. Viggo Mortensen is the first on the left, while Mahershala Ali in fourth from the left. Photo: Agence France-Presse Source link

Read More
Vietnam 

Gold prices to climb as investors seek safe haven – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Gold prices have room to grow this year as economic and geographical uncertainties around the world may lure investors into gold as “safe haven”. Gold prices have surged in the last three and a half months from US$1,201.40 an ounce on November 13, 2018 to a 10-month high of $1,347.90 an ounce on Wednesday. The cause of this strengthening is attributed to a weaker US dollar as investors across global markets are worried about the uncertainty of economic and geographical conditions.…

Read More
Vietnam 

Domestic gold soars, still cheaper than global prices – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Domestic gold prices increased sharply on Wednesday morning, in line with gold gains on international markets. Gold price quotes at Sài Gòn Jewelry Co Ltd (SJC), Việt Nam’s largest gold company, are VNĐ37.07 million (US$1,594) per tael for buying and VNĐ37.27 million per tael for selling, up VNĐ270,000 per tael over Tuesday’s close. (One tael of gold equals 37.8 grammes.) This is also the highest price in the past one week. Doji Gold and Gems Group in Hà Nội also…

Read More
Vietnam 

Gold selling price rise varies from store to store – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year. Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year. On Thursday, DOJI Gold & Gems Group JSC listed the gold buying and selling prices at VNĐ36.60 and…

Read More
Vietnam 

Gold selling price’s rise varies from store to store on God of Wealth day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers buy gold for luck at Bảo Tín Minh Châu Jewellery and Gemstone Company. Viet Nam News HÀ NỘI — Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year. Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year. At 8:15 this morning,…

Read More
Vietnam 

Gold shops prepare for sales surge – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Gold demand is expected to surge today, the God of Wealth Day which falls on the 10th day of the lunar year. Legend has it that the god returns to heaven on this day every year, and people think buying some gold brings good luck and prosperity throughout the year. Gold and jewellery companies have stocked up on gold pieces with the words Phúc (Happiness), Lộc (Prosperity) or Tài (Wealth) and the images of the 12 animals of the zodiac inscribed…

Read More
Vietnam 

Gold market heats up ahead of God of Wealth Day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The domestic gold market is heating up with gold shops introducing various products to take advantage of huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 14). Legend has it that the God of Wealth returns to heaven on the 10th day of the new year, so Vietnamese have a tradition of buying gold for luck and prosperity throughout the year. Representatives from DOJI Gold & Gems Group joint stock company (DOJI) said…

Read More
Home 

China joins global central bank gold rush as its foreign exchange reserves stabilise

China has joined a global central bank gold rush in the last two months by increasing its official gold reserves, even though the purchase remains modest compared to the volume of the mainland’s foreign exchange reserves, according to data released by the People’s Bank of China on Monday. The country’s gold reserves rose slightly to 59.94 million ounces at the end of January from 59.56 million ounces at the end of December 2018, marking a second straight month of increase. The latest gold purchase by the world’s second-largest economy came…

Read More