Home 

Why the stock market rally will not last long, despite dovish moves by central banks

Few would have predicted at the end of last year, when stock markets were in free fall, that global equities would bounce back so spectacularly.In the first half of 2019, the MSCI All-Country World Index, a leading gauge of shares in developed and developing economies, surged almost 15 per cent, its best first half of the year since 1997. The fierce rally has left the index just 4.5 per cent shy of its all-time high reached in January last year.The dramatic gains in stock prices stem mainly… Source link

Read More
Vietnam 

HCM City moves closer to setting up Information Security Centre – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY – The HCM City Information Security Centre will be set up at the High-tech Park in District 9, according to People’s Committee vice chairman Trần Vĩnh Tuyến. The Sài Gòn Industry Corporation has been assigned to work with High-Tech Park management to lease land for the centre, he said. The corporation has also been tasked with drafting policies to attract potential investors in the proposed HCM City Information Security Management Centre Joint Stock Company. The centre, together with the Open Data and Data Ecosystem Development Warehouse, HCM…

Read More
Vietnam 

Vinalines moves shareholders’ meeting to end of July – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vinalines has had to change the date of its shareholders’ meeting yet again to wait for a new circular guiding the equitisation process to come into effect. — Photo cafef.vn HÀ NỘI — The Vietnam National Shipping Lines (Vinalines) will delay its annual shareholders’ meeting until July 29, one month later than expected. This delay is due to the amending of the Ministry of Finance’s Circular 34/2019/TT-BTC guiding the initial sale of shares and managing the proceeds from the equitisation of enterprises, which will officially take effect on July 29,…

Read More
Home 

Shanghai exchange moves to curb speculation even before trading starts at Nasdaq-style tech board, introduces suspension rules

The Shanghai Stock Exchange introduced rules to limit speculation on the Star Market, its new technology innovation board, on Friday.Chinese regulators are prioritising stability for the trading debut of the Nasdaq-style market, which was launched on Thursday during the annual Lujiazui Forum. It is expected to start trading within two months, the exchange’s chairman, Huang Hongyuan, said.According to the new rules, shares on the Star Market will be allowed to trade freely for the first five… Source link

Read More
Vietnam 

Equitisation moves at a snail’s pace in May – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The equitisation of State-owned enterprises is moving at a snail’s pace, with just 30 out of 127 firms having their plans approved. — Photo searchengineland.com HÀ NỘI  Only three state-owned enterprises got the nod from the State authority for their equitisation plan in May, lifting the total number of companies to have plans approved in the first five months of the year to 30, according to the Ministry of Finance. This was a poor result given that a total of 127 state-owned enterprises (SOEs) must be equitised by…

Read More
Vietnam 

Equitisation moves at a snail’s space in May – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The equitisation of State-owned enterprises is moving at a snail’s pace, with just 30 out of 127 firms having their plans approved. — Photo searchengineland.com HÀ NỘI  Only three state-owned enterprises got the nod from the State authority for their equitisation plan in May, lifting the total number of companies to have plans approved in the first five months of the year to 30, according to the Ministry of Finance. This was a poor result given that a total of 127 state-owned enterprises (SOEs) must be equitised by…

Read More
Home 

Shanghai moves to boost key tech sectors amid trade war, to green light first three listings on new Nasdaq-style board

The Shanghai Stock Exchange is poised to approve the first three listings on the city’s upcoming Nasdaq-style Technology Innovation Board, accelerating China’s pace of support for technology companies amid its escalating trade war with the United States.The initial public offering (IPO) applications of Shenzhen ChipScreen Biosciences, Anji Microelectronics (Shanghai) and Suzhou Tztek Technology will be heard on June 5, the exchange said in a statement after the market close on Monday, which… Source link

Read More
Home 

Microsoft said to stop accepting new orders from Huawei as it moves to comply with US restrictions

Microsoft has followed Google and stopped accepting new orders from Huawei Technologies after the Chinese telecoms gear and smartphone maker was added to a US blacklist that prevents it from buying American technology, according to people familiar with the matter.The two major areas of business between Huawei and Microsoft – Windows operating systems for laptops and other content-related services – have both been suspended by the US company as it moves to comply with US government restrictions,… Source link

Read More
Vietnam 

Buffett-owned Brooks Running moves China footwear production to Việt Nam in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Brooks Running will move its shoe production from China to Việt Nam this year. Photo Reuters OMAHA – The chief executive of Brooks Running, part of Warren Buffett’s Berkshire Hathaway Inc, said his company will shed much of its presence in China by moving running shoe production to Việt Nam, a result of the trade dispute between China and the US. Jim Weber, who has run Brooks since 2001, said in an interview that Brooks made the decision in January, when US President Donald Trump was threatening to boost tariffs on…

Read More
Singapore 

Singapore homeowner finds horrifying black patches on HDB flat walls before she even moves in, Singapore News

If only this was a vinyl wallpaper. But, it’s not. A Singaporean lady made a horrifying find in her HDB flat less than a month after she had collected the keys to her house.  In a viral Facebook post by user Newme Joyce, she described her shock in finding big black patches that formed on all over the walls before she even moved in. The post, which was published on Saturday (March 30), has received almost two thousand shares and hundreds of comments at the point of writing.  Dear HDB…

Read More