Vietnam 

Foreign investors exchange 3.9m FPT shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

IT technicians work at FPT Software Village – a tech hub run by IT group FPT Corporation at Hà Nội’s Hòa Lạc High-Tech Park. Foreign investors on Friday traded nearly 3.9 million shares of the IT giant. — Photo vozforums Viet Nam News HÀ NỘI — Foreign institutional investors traded nearly 3.9 million shares of tech firm FPT Corporation on Friday, according to the Vietnam Securities Depository (VSD). Foreign investment fund VOF Investment Limited of the asset management firm VinaCapital sold more than 3.55 million FPT shares to…

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Vietnam 

Investors pledge VNĐ30 trillion in tourism in central and Central Highland regions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of Ninh Chữ Beach in central Ninh Thuận Province. The central region has been urged to promote tourism development. – Photo news.zing.vn Viet Nam News HÀ NỘI — Investors have pledged to invest more than VNĐ36.1 trillion (US$1.5 billion) into 19 tourism projects in the central and Central Highland regions. The 19 projects received initial investment approvals at a conference for the region’s tourism development held on Saturday with the participation of Prime Minister Nguyễn Xuân Phúc. Among the seven provinces and cities which received…

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Property 

Battlefield for investors in Beijing shopping malls moves to far-flung suburbs

The battlefield for investors in Beijing shopping malls has moved far from the heart of the city.Increasingly, developers and investment funds are opening mega-malls in distant suburbs, competing for precious foot traffic with pet cafes, jazz bars and other novelties not available elsewhere.City planners are behind the shift: They want to disperse the 24 million residents of the nation’s capital city, which is built far out on a series of beltways, ending with the 7th Ring Road. As part of that… Source link

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Vietnam 

Bình Dương investors’ meet discusses FDI policy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News BÌNH DƯƠNG – Việt Nam needs to update its legal framework related to foreign investment. A conference in southern Bình Dương Province on Thursday was told that changes need to be made in the context of the fourth industrial revolution and capital flow changes due to the trade war. “Việt Nam is considered one of 12 nations in the world to have successfully attracted and used FDI to develop the economy and society,” Deputy Prime Minister Vương Đình Huệ said in his speech at…

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Vietnam 

Thái Bình praised for success in drawing investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The business environment in Thái Bình Province has improved and the large investments into agriculture in the locality are vivid evidence of this. Prime Minister Nguyễn Xuân Phúc made the statement on Thursday while attending a ceremony to begin the construction of coastal road in the northern province. He also affirmed that the Government has high expectations for the province. “Agriculture, farmers and rural areas are not only long-term livelihoods of the majority of Vietnamese people, but also address important…

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Home 

Yield-hungry investors dig into offshore Chinese debt

At BEA Union Investment in Hong Kong, Pheona Tsang is getting creative. The head of fixed income is planning to fill 10 per cent of a yuan-focused portfolio this year with US dollar bonds, sold by Chinese companies outside the mainland market. She is not alone. Many money managers are being enticed by the same bonds, whose yields have been steadily rising thanks to years of rate hikes by the Federal Reserve. These dollar bonds in December yielded an average of 6.7 per cent, 2.8 percentage points above their onshore…

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Hong Kong stocks fall, China opens flat as investors hold fire ahead of trade war truce deadline

China’s benchmark stock indexes were trading flat on Tuesday morning after starting the Lunar New Year strong on Monday, while Hong Kong shares opened lower. Traders said that after the rebound enjoyed by both the China and Hong Kong bourses so far this year, investors had recoiled from making further big bets ahead of news from US-China trade negotiations in Beijing later this week. The Hang Seng Index opened down 0.41 per cent, or 115.2 points, at 28,028.66. “The Hang Seng Index has risen by as much as 3,000 points…

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Why these two Russian metal stocks are forging their way back into Hong Kong investors’ hearts

Shares in Rusal, the world’s second-largest aluminium producer, have surged by 71 per cent since the United States signalled its intention seven weeks ago to lift sanctions against the company. But can the Hong Kong-listed stock rise further? It is possible, according to some analysts who said they considered the stock to be undervalued. The Moscow-based company has been beaten down by a geopolitical spat between the US and Russia, which led last April to US sanctions against 23 Russian heavyweights and the firms they control, including Rusal. US sanctions-hit…

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Alphabet’s higher spending worries investors, sending shares lower

Alphabet Inc reported sharply higher fourth-quarter spending on video content, employees and facilities, worrying investors who sent the tech company’s shares down about 3 per cent after hours on Monday. Google’s parent company beat Wall Street’s estimates for revenue and profit, but the bigger-than-expected spending prompted investors to question whether cash funnelled into Alphabet’s newer businesses will generate the returns that its search engine unit historically has. “While the core business is still growing impressively, the significant spending shows growth isn’t quite as capital-light as had been hoped,” said George…

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Canadian cryptocurrency fund boss Gerald Cotten died – and US$190million of his investors’ money may be encrypted forever

About US$190 million in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him. Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, have been unable to access their funds since its founder, Gerald Cotten, died last year. According to a court filing first reported by CoinDesk, a cryptocurrency news and events company, Jennifer Robertson, identified as Cotten’s widow, said the exchange owes its customers roughly C$250 million (US$190 million) in cash and cryptocurrency…

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