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Here’s a strategy for surviving the US-China trade war: short the Australian dollar and go long on the Japanese yen

Short Australia’s risk-sensitive currency against the haven yen. That is emerging as one popular currency trade as investors look to profit from the US-China trade war.With the conflict escalating, Citigroup predicts the Aussie-yen will slip to about 72.75 in a few weeks, which marks a drop of more than 4 per cent from a level of 76.04 in Asia Wednesday. Jeffrey Halley, a 30-year currency trading veteran and market analyst at Oanda Asia-Pacific, reckons the pair could fall below 70 in the next… Source link

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Vietnam 

Việt Nam must adjust mechanical engineering development strategy: firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A mechanical engineering line at the Cosmos Industrial Company, Ltd in Thụy Vân  Industrial Park in the northern province of Vĩnh Phú. — Photo tinhuygialai.org.vn   HÀ NỘI – Việt Nam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably. So said business associations at a conference promoting Việt Nam’s mechanical engineering industry, held in Hà Nội yesterday by the National Assembly’s Committee for Science, Technology and Environment and the Việt Nam Association of Mechanical Industry (VAMI). At the conference, they said the nation…

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China 

Does China’s lead in the global premiere of ‘Avengers: Endgame’ herald a new global distribution strategy for Hollywood blockbusters?

Until recently, every major studio picture would be widely released in the United States first, before rolling out to Europe, and then on to Asia, often weeks later.These “territorial release windows” were sequenced in that order because foreign sales of Hollywood movies were significantly influenced by how well the film sold in America first.Those days are over. Breaking with tradition, Disney’s mega-blockbuster Avengers: Endgame, the 22nd instalment of the Marvel Universe franchise and… Source link

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Vietnam 

Development of digital economy requires national strategy for network security – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representative of a company introduces a security solution to visitors at the Vietnam Security Summit 2019 in Hà Nội. — Photo courtersy of the event organiser     HÀ NỘI – Việt Nam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities. Việt Nam’s internet economy reached US$9 billion in 2018, making up 4 per cent of Việt Nam’s gross domestic product (GDP) and tripling that of 2015, and…

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Citigroup’s golden strategy as banker to Fortune 500 companies taps China’s Belt and Road corridors

Citigroup said on Wednesday that its revenue is up 30 per cent over the past year from clients along trade corridors being developed as part of China’s “Belt and Road Initiative”.The bank said the growth was being driven by increased business activity by Chinese companies, as well as multinational corporations, along trade routes connecting China to Europe and the Middle East through Central Asia and China to Southeast Asia.The projects cited by Citi included a US$775 million project bond for… Source link

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Japanese carmaker Nissan’s China growth strategy will remain unchanged in post-Carlos Ghosn era

Nissan Motor expects China’s car market to recover in the second half, as the Japanese carmaker moves on from the scandal surrounding former chairman Carlos Ghosn.Makoto Uchida, senior vice-president of Nissan, said Beijing’s efforts to support the industry, such as subsidies and tax incentives, would effectively result in a turnaround.Uchida said Nissan will not change its China strategy despite the Ghosn distraction and plans to leverage its research and development capability in the country… Source link

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This Temasek-backed company has a strategy to help China’s state hospitals compete in the data economy

Haici Network Technology wants to help China’s state-run hospitals compete against online medical consultation and services platforms.The Guangzhou-based company, founded five years ago, believes it can help stem the flow of doctors and patients defecting to Ping An Good Doctor, WeDoctor and other online platforms.“Our platforms and software enable hospitals to provide more efficient and convenient services before, during and after hospital visits,” founder and chief executive Min Neng told the… Source link

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Vietnam 

VN retail market needs a development strategy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Consumers shop at a Vinmart store in Hưng Yên Province. Việt Nam retail market needed a comprehensive development strategy to ensure on-tract development of domestic trade. — VNA/VNS Photo Phạm Kiên Viet Nam News HÀ NỘI — Việt Nam’s retail market needs a comprehensive development strategy to boost domestic trade, experts said at a conference in Hà Nội yesterday. The retail market has seen significant developments in recent years, but the industry lacked a development strategy which resulted in lack of connections between market participants, said Lê Xuân Đình,…

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Vietnam 

Việt Nam’s marine development strategy introduced in Malaysia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Lạch Huyện Seaport in the northern port city of Hải Phòng. Shipping plays an integral role in the country’s economy. – Photo laodong.vn Viet Nam News KUALA LUMPUR — The Vietnamese Embassy in Malaysia introduced the country’s strategy for the sustainable development of its sea-based economy at the Maritime Institute of Malaysia (MIMA) on Tuesday. The event attracted representatives from Malaysian ministries of foreign affairs, defence, transport, universities, and research institutes, as well as diplomatic corps from the US and Australia. Vietnamese Ambassador Vũ Hải Đăng…

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Vietnam 

VN needs strategy to promote private firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam needs a strategy to promote the development of private firms with a focus on quality, as their contribution to the economy remains modest, attendees heard at a conference in Hà Nội on Friday. “After more than three decades of Đổi Mới (Reform), Việt Nam does not have a true development strategy for private firms,” economic expert Trần Đình Thiên said at the forum about private sector development held by the Việt Nam Institute of Economics. He said that more…

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