Vietnam 

VN stocks up, market outlook remains gloomy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Laptops on display at a Mobile World Investment Corp’s store. The firm stock was among large-cap items that boosted the Vietnamese stock market on Wednesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares finished Wednesday on a positive note but growth narrowed at the end of the session as investors stayed alert and tried to keep away from potential risks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.22 per cent to close at 968.91 points. The VN-Index fell 0.87 per cent on Tuesday.  Nearly 151.5…

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Home 

Sogo operator worried over outlook as extradition bill protests, trade war weigh on first-half sales

Lifestyle International Holdings, which operates Sogo department store, said the outlook for the rest of the year looks bleak after the Causeway Bay branch recorded a 4.8 per cent decline in sales in the first half, as protests reduced footfall by 3.7 per cent and mainland tourists spent less amid a slowing Chinese economy.“In June, the large scale protests and marches had a huge impact on consumer sentiment and the retail sector,” said Thomas Lau Luen-Hung, chairman of the group, said at a… Source link

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China 

China’s ‘weaponised’ yuan, report of suspended US farm purchases create grim outlook for trade talks

China’s move to allow the yuan to drop below the level of 7 to the US dollar to “effectively weaponise the exchange rate”, coupled with a report of cancelled purchases of American farm products in response to the threat of increased tariffs from US President Donald Trump, create further uncertainty for future trade talks, analysts said.On Monday morning, the yuan offshore rate dropped below the level for the first time since trading started in Hong Kong in 2010, while the onshore rate reached… Source link

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Home 

China’s electric vehicle showrooms are sending an ominous sign about the sales outlook this year

Chinese manufacturers of electric and hybrid vehicles are bracing for a downbeat second half after consumers flocked to showrooms across the country before the government scaled back its subsidy programme designed to promote green vehicles.While the sales figures for July have yet to be released, automotive analysts said anecdotal evidence points to a downturn in the new-energy vehicle (NEV) segment, which has bucked the annual decline in sales weighing on the broader automotive sector.“Sales… Source link

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China 

China’s manufacturing outlook still weak but showing ‘signs of recovery’, Caixin survey shows

China’s manufacturing sector continued to contract in July, although at a slower pace than in previous months due to “signs of recovery”, a private survey released on Thursday showed.The Caixin/Markit manufacturing purchasing managers’ Index (PMI), a gauge of sentiment among the country’s factory operators which tends to include smaller private sector firms, improved from 49.4 in June to 49.9 in July.It follows Wednesday’s release of the official purchasing managers’ index which also rose… Source link

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China 

Trade war tariffs continue to gnaw away at China’s manufacturing outlook, new data shows

China’s manufacturing industry remained weak in July, with factory owners still downbeat about their prospects, as the pressures of the trade war with the United States continued to mount.The official purchasing managers’ index (PMI) rose slightly to 49.7 from 49.4 in both May and June, the National Bureau of Statistics said on Wednesday. The July result was above the median forecast of 49.6 in a poll of economists by Bloomberg.However, it remained in contractionary territory, the fifth month… Source link

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Vietnam 

VN-Index saved by large-cap firms, but outlook gloomy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A building project constructed by Coteccons in HCM City. The company’s stock was among the large-caps that pushed the benchmark VN-Index up amid strong selling pressure. – Photo ndh.vn HÀ NỘI – Việt Nam’s benchmark VN-Index recovered at the end of Monday as large-caps returned to positive territory on strong purchases. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.46 per cent to end at 997.94 points. The VN-Index gained total 1.1 per cent last week. It fell as much as 0.51 per cent during the…

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Home 

Fewer wealthy Asians are upbeat about the world’s economic outlook, as US-China trade war drags on and weighs on sentiment

Investors and business owners in the Asia-Pacific region have grown more cautious about the global growth outlook as concerns have increased about the ongoing trade war between the United States and China, according to a new survey conducted by UBS.About 55 per cent of respondents expressed confidence in the global economic outlook over the next 12 months, down from 59 per cent of those surveyed at the end of the first quarter, UBS said. The survey canvassed more than 3,800 high-net-worth… Source link

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Vietnam 

Việt Nam’s infrastructure sector has upbeat outlook in attracting foreign capital – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Sajal Kishore Việt Nam is in dire need of capital to develop the country’s infrastructure and the Government expects private investors, especially foreign ones, to take part as the State budget cannot afford the investment costs. Sajal Kishore, Head of Asia-Pacific Infrastructure and Project Finance at Fitch Ratings, talk with Việt Nam News reporter Thu Hà about the country’s outlook for luring foreign funding in the sector What do you think about the Vietnamese Government’s policies in infrastructure development? Việt Nam’s infrastructure spend share as a percentage of GDP is amongst…

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China 

China's Politburo meeting to gauge outlook for the economy and policy amid US trade war

Chinese economists are keeping a close eye on the upcoming Politburo meeting headed by President Xi Jinping to see what clues it will offer on how Beijing will manage an economy grappling with uncertainties caused by domestic structural obstacles and the effects of the trade war with the United States.After China’s headline growth rate slowed to 6.2 per cent in the second quarter of 2019, the lowest reading since records began in 1992, a debate about whether, or to what degree, Beijing should… Source link

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