Vietnam 

VN stocks fall on poor global economy prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ho Chi Minh Stock Exchange in HCM City. The benchmark VN-Index edged down 0.37 per cent to close Thursday morning at 965.36 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares traded in negative territory on Thursday morning as worries about the downtrend of the global economy hit local market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.37 per cent to close at 965.36 points. The VN-Index was up 0.22 per cent on Wednesday. More than 88 million shares were traded on the southern bourse,…

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Home 

As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut

As Deutsche Bank and other big banks reduce staff, expatriate financial workers who are made redundant and want to stay in Hong Kong may find it more difficult if they are unwilling to learn a new language, shift to a different area of the industry, or take a more junior role at a reduced salary, according to headhunters.The job prospects are particularly tight for trading and banking positions tied to equities, as firms have begun reducing headcount against the backdrop of more uncertain… Source link

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Vietnam 

VN-Index grows for second day on corporate prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Buyers at a shop of Phú Nhuận Jewellery JSC. The company’s shares advanced strongly to boost the benchmark VN-Index on the Hồ Chí Minh Stock Exchange on Thursday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Việt Nam’s benchmark VN-Index advanced for a second day on the back of realty, retail and consumer staple sectors as investors are looking towards prospects for the upcoming months. The VN-Index on the Hồ Chí Minh Stock Exchange rose 0.58 per cent to close at 997.39 points, totalling a two-day gain of 1.15 per cent.…

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Home 

Standard Chartered cuts Hong Kong’s growth prospects through 2021 as US-China trade war puts the squeeze on city’s economy

Standard Chartered, one of Hong Kong’s three currency-issuing banks, has lowered its economic growth forecast for the city through 2021 due to headwinds from a prolonged US-China trade war, the latest among several financial institutions to cut their outlook.Hong Kong’s gross domestic product (GDP) may grow 1.4 per cent in 2019, expand 2 per cent next year, and increase 2.3 per cent in 2021, the bank said. Earlier forecasts by the bank were 2.2 per cent growth in 2019, 2.6 per cent in 2020 and… Source link

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Home 

Stocks Blog: Markets brace for more turmoil from rate cut prospects and more IPO supply

Good day traders — A lot of attention right now is on “later” — whether that’s on the coming tech board in Shanghai on July 22 and its potential impact on share prices in the broader Chinese markets, or testimony Wednesday and Thursday this week in Washington by Federal Reserve Chairman Jerome Powell that might give hints about whether a rate cut may be coming. But the “later” focus is being felt in markets now.  We’ve got you covered on all the plays today in the China and Hong Kong markets……

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China 

Trump’s Huawei promise met with silence from China as Beijing plays down prospects of progress

China has taken a cautions approach in its reaction to Saturday’s meeting between President Xi Jinping and US counterpart Donald Trump, remaining quiet over remarks made by the American leader in Japan that some restrictions would be lifted against telecommunications manufacturer Huawei.After a closed-door, 80-minute meeting between Xi and Trump at the G20 summit in Osaka, Japan, on Saturday, the government published only a short statement summarising the talks, which stated that the two… Source link

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China 

Trade war casts shadow over China business prospects for US firms like Apple and Boeing

The business prospects in China for American firms like Apple and Boeing are at risk because the mainland is rapidly becoming less welcoming and profitable, amid dampened consumer confidence, slowing growth, and an increasingly watchful state, analysts said.The Chinese government has repeatedly assured investors from the United States that they will be treated fairly in China and have their legitimate interests protected, but recently Beijing has shown its teeth to those firms that it perceives… Source link

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Vietnam 

VN, Malaysia check out trade, investment prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Dato’ Teng Chang Khim, Selangor State Executive Councillor for Investment, Industry and Commerce and Small and Medium Enterprises, speaks at the Gateway into the Malaysia Market seminar in HCM City on Wednesday. — VNS Photo HCM CITY — Trade between Việt Nam and Malaysia has increased dramatically in recent years but they still have great untapped potential, a seminar heard in HCM City on Wednesday (May 22). Speaking at Gateway into the Malaysia Market through Selangor International Business Summit 2019 organised by Invest Selangor Berhad and the Investment and…

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Home 

Nintendo's surge on China entry prospects has not deterred short bets by hedge funds

Nintendo Co. shares have surged this year thanks to a stellar games line-up and potential entry into China. But the hedge funds betting against the company aren’t going away.Nintendo’s stock has rallied 27 per cent this year, the best start since 2015. Still, short sales, or bets the stock will fall, are more than double their level a year ago. Hedge funds even added to those positions last Friday – the day Nintendo shares rallied 15 per cent as China gave a nod to Switch game sales in the… Source…

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Global 

US-China trade war damages export powerhouse Taiwan’s growth prospects, as global demand softens

Taiwan’s growth prospects are edging down, with the US-China trade war placing strain on the export powerhouse’s economy. Sluggish global demand is adding to Taiwan’s poor trade performance, with exports falling 4.4 per cent in March, a fifth straight monthly decline. Exports cover 77 per cent of Taiwan’s gross domestic product (GDP), which the budget office estimates will reach $595 billion this year. That weighting makes the island vulnerable to global demand shifts offshore. The picture… Source link

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