Vietnam 

Emirates reports profits for 31st straight year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Emirates will receive 14 more Boeing A380 aircraft from 2019 until the end of 2021, taking its A380 fleet to 123. — Photo courtesy of Emirates HCM CITY — UAE carrier Emirates has announced its 31st consecutive year of profits and steady business expansion. Its annual report shows a profit of AED2.3 billion (US$631 million) for the financial year ended 31 March, 2019, on revenues of AED109.3 billion ($29.8 billion), an increase of 7 per cent year-on-year. “2018-19 has been tough, and our performance was not as strong as we…

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Vietnam 

VN-Index rises for third straight day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers at a Techcombank office. The bank’s shares jumped 4.1 per cent yesterday, the highest among listed banks, to boost the benchmark VN-Index on the Hồ Chí Minh Stock Exchange by 1.07 per cent. — VNA/VNS Photo Trần Việt HÀ NỘI — The VN-Index rose for the third straight session on Wednesday as liquidity improved significantly amid rebounding investor confidence of a global market recovery. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.07 per cent to end at 975.64 points. Liquidity improved, meaning that cash flow was gradually returning…

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Vietnam 

Trade tensions drag down local stocks for sixth straight day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Worries about the upcoming US-China trade talks later this week continued to cast a shadow over Vietnamese shares on Thursday. — Photo vnmedia.vn HÀ NỘI – Việt Nam’s benchmark VN-Index fell for a sixth trading day in a row as caution and worries about the US-China trade talks continued to cast a shadow over the market. The VN-Index on the Hồ Chí Minh Stock Exchange lost 0.44 per cent to end at 947.01 points for a total six-day decline of 3.33 per cent since April 26. Thursday marked the longest losing streak for…

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China’s vehicles sales fell for ninth straight month in March, fuelling consumption concerns

China’s vehicles sales fell for the ninth straight month in March, a further decline that could dampen the world’s second largest economy’s efforts to bolster consumption and counter slowing economic growth.Total vehicle sales fell to 2.52 million in March, 5.2 per cent down from a year earlier, the China Association of Automobile Manufacturers (CAAM) said on Friday.Meanwhile passenger vehicle sales, which includes sedan, minivans, sports utility and crossover utility vehicles but excludes… Source link

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Hang Seng climbs to 10-month high as Shanghai Composite posts second straight day of losses

Hong Kong’s Hang Seng Index closed at a 10-month high as bulls ended up in control despite early weakness. Meanwhile, China’s Shanghai Composite Index dropped for a second consecutive day.Hong Kong markets are “still quite positive and people are expecting the upwards side of the index”, said Gordon Tsui, managing director of investment holding company Hantec Pacific.But, with trading at such a high level, the Hang Seng is at a critical point as investors may be worried about markets adjusting… Source link

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Vietnam 

Bayer Pharmaceuticals Reports Eighth Straight Year of Growth in Asia Pacific – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News SINGAPORE — There is a strong demand for Bayer’s innovative medicines in Asia Pacific which has driven the growth of its pharmaceutical business in the region, Claus Zieler, senior vice president and head of commercial operations, Bayer Pharmaceuticals Division Asia Pacific, said. In 2018 the company’s key products like oral anticoagulant medicines, eye medicines and oral cancer drugs continued to be well received by doctors and patients in the Asia Pacific, he said. “Our strong performance year after year speaks of the strong demand…

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Chinese banks to post slow profit growth for fifth straight year

Chinese banks, habitual profit stars on the mainland stock markets, are poised to report single-digit profit growth for the fifth consecutive year in 2018 as the world’s second-largest economy expanded at its slowest pace since 1990.The lenders traded on the Shanghai and Shenzhen bourses are likely to post a 6.7 per cent profit rise year on year, according to a forecast by Ping An Securities.Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) will report earnings on… Source link

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Vietnam 

Local stocks extend gains for a third straight day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Vietnamese shares ended Thursday on a positive note with extended growth among commercial banks, but stronger selling hindered the market’s short-term prospects. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.30 per cent to close at 1,008.44 points. The southern market index has increased by 2.41 per cent in the past three days. More than 224.5 million shares were traded on the southern exchange, worth VNĐ4.82 trillion (US$207 million). Bank stocks extended growth to drive…

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China vehicles sales falls for eighth straight month in February, damping hopes of economic upturn

China’s vehicles sales fell for the eighth straight month in February, a further decline that could dampen Beijing’s plan to bank on the industry to bolster consumption to stabilise the country’s slowing growth.Sales for all vehicle fell 13.8 per cent in February compared with the same period in 2018, the China Association of Automobile Manufacturers (CAAM) said on Monday.The world’s second-largest economy and biggest car market sold 1.48 million vehicles in February, with CAAM suggesting that… Source link

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Vietnam 

Gas price increases for third straight month – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A gas shop in HCM City. — VNA/VNS Photo Viet Nam News HÀ NỘI — Gas prices in the south in March increased by VNĐ17,000 (72 US cents) for a 12kg canister on Friday. Accordingly, the maximum retail gas price for consumers in HCM City this month is about VNĐ350,000 per 12kg canister. Gas prices have increased three times in the first three months of this year with a total increase of about VNĐ33,000 a 12kg canister. A representative of Saigon Petro said that global prices in…

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