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Does Japan’s Reiwa era promise a new economic dawn even as China rises?

On May 1, Japan will restart its clock, drawing the curtain on the Heisei era of Emperor Akihito and waking to a new – and hopefully brighter – Reiwa era of 59-year-old Emperor Naruhito. For many Japanese, this is perhaps not a moment too soon. For a couple of years, Japan’s economists have been talking up the “true dawn” unfolding in the country, as they try to put behind them the disaster, drift and global decline of three decades of Heisei.Most of their tentative optimism has arisen from… Source link

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FPT’s profit rises 23 per cent, driven by software outsourcing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The software outsourcing segment recorded revenue of more than VNĐ2.3 trillion and pre-tax profit of VNĐ329 billion by the end of March, both up more than 37 per cent year on year. — Photo courtesy of the company HÀ NỘI — IT giant FPT Corporation reported first-quarter revenue of nearly VNĐ5.7 trillion (US$244.6 million) and before-tax profit of VNĐ960 billion ($41.2 million). Shares of the company (FPT) rose 1.3 per cent on Thursday on the Hồ Chí Minh Stock Exchange to VNĐ48,500 ($2.08) per share following the information. These results represented growth…

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Shanghai’s benchmark stock index rises to a 12-month high, buoyed by an unexpected pickup in China’s services industry

An investor at a stock exchange in Nanjing, capital of east China’s Jiangsu province on March 4, 2019. Contrary to global conventions, China’s stock market denotes gains and advances in red, and represents losses and declines in green. Photo: Xinhua Source link

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China 

US Federal Reserve surprisingly ends rate hike cycle, says no more interest rate rises this year

US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, on March 20, 2019. The Fed left interest rates unchanged after concluding a two-day policy meeting, in a move that met market expectations and reflected the central bank’s patient approach regarding monetary policy changes. Photo: Xinhua Source link

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China’s stock benchmark rises to 9-month high as nuclear power shares rally on new projects

China’s stocks rose to a nine-month high on Tuesday, as China Nuclear Engineering led nuclear power equipment makers higher on news report that the government will start construction of nuclear power projects for the first time in three years.The Shanghai Composite Index rose as much as 0.4 per cent in intraday trading to 3,109.13 in morning trading, set for the highest close since June 7. Hong Kong’s Hang Seng Index was little changed.The rise of the mainland’s benchmark to the new high came… Source link

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Vietnam 

January-February budget revenue rises 18.2 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Budget revenue from import and export activities in January-February was up 16.8 per cent to VNĐ51.5 trillion thanks to growth momentum retained in the period. – Photo baodautu.vn Viet Nam News HÀ NỘI — State budget revenue in the first two months of this year totalled nearly VNĐ246.5 trillion (US$10.6 billion), representing a rise of 18.2 per cent over the same period last year and equivalent to 17.5 per cent of the Government’s target for the full year. Domestic revenue was estimated at VNĐ204.8 trillion, increasing by 19…

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Vietnam 

Shares gain ground as cash flow rises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Strong cash flow poured into the market on Wednesday helping the indices reverse from the morning session and climb in the afternoon. The market received strong support from foreign investors’ net buying. The significant movement of the Chinese market also positively impacted domestic investor sentiment. Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) increased by 0.21 per cent to end Wednesday at 994.49 points. The southern market index fell 0.15 per cent to close at 992.45…

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New World’s first-half profit rises 29 per cent, propelled by surging home sales in Hong Kong’s property bull market

New World Development, Hong Kong’s fourth-largest developer by value, posted the biggest jump in interim earnings in two years, propelled by rising home sales in the first half of its financial year, as it cleared unsold property off its books before a proposed vacancy tax takes effect.The developer’s core profit, excluding revaluation gains on investment properties, rose 29 per cent to HK$5.4 billion (US$687.49 million) in its first half ended December, according to a statement to the Hong… Source link

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Vietnam 

VN-Index rises for fourth session – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The VN-Index gained for a fourth straight session on Thursday thanks to large buying power focused on certain large-caps. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 1.75 per cent to close at 987.57 points. The southern market index inched up 0.65 per cent to close at 970.58 points on Wednesday. Nearly 179 million shares were traded on the southern bourse, worth VNĐ2.1 trillion (US$91.2 million). Large-cap stocks performed well, boosting the blue-chip VN30 Index 0.61…

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Vietnam 

January budget revenue rises 7.5 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

January budget revenue was estimated to be VNĐ144.6 trillion (US$6.15 billion), representing a rise of 7.5 per cent over January 2018. – Photo vneconomy.vn Viet Nam News HÀ NỘI — State budget revenue was estimated at a total of VNĐ144.6 trillion (US$6.15 billion) in January, representing a rise of 7.5 per cent over the same month of 2018. The month’s budget collection was equivalent to 10.2 per cent of the target for the full year. According to the latest report from the Ministry of Finance, domestic revenue…

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