Vietnam 

Cashew industry seeks way out of current troubles – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A farmer harvests cashew nuts in the southern province of Bình Phước. Raw cashew prices and demand are expected to increase in the fourth quarter of this year. — VNA/VNS Photo Dương Chí Tưởng HCM CITY — The Việt Nam Cashew Association (Vinacas) held a conference to review the industry’s performance in the first seven months and identify solutions to the problems plaguing it. Phạm Văn Công, chairman of Vinacas, said the industry has been facing a lot of difficulties since last year. This year, it…

Read More
Vietnam 

Shares gain despite regional troubles – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vinamilk dairy farm in the southern province of Tây Ninh. The company’s shares yesterday increased 2.92 per cent to VNĐ133,900 per each. — VNA/VNS Photo Đức Hoảng HÀ NỘI — In spite of the drop of other Asian markets, Việt Nam had a good start on Monday as many large-caps gained ground. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.63 per cent to end at 958.54 points. More than 232 million shares were traded on the southern bourse, worth VNĐ4.5 trillion (US$193 million).…

Read More
Home 

What Boeing’s troubles tell us about investing: it’s the end of an era

It happens. “Lightning” can strike the same plane twice, as we have seen with the tragic loss of two Boeing 737 MAX 8 airliners in the last four months, with, more importantly, 346 souls. China was quite right to ground the aircraft immediately, along with a handful of others. They were followed by many of the rest of the world’s influential airline regulators – indeed, it should have happened after the last unfortunate crash; to not do so after two seems careless. One notable exception was the… Source link

Read More
Home 

Declining home sales in smaller Chinese cities during Lunar New Year point to longer term troubles

A country road in Dezhou, in China’s northern Shandong province. Property purchases by residents of a nearby village drove up prices in downtown Dezhou from 4,000 yuan per square metre at the beginning of 2018 to more than 8,000 yuan by year end. With provincial governments around China scaling back slum redevelopment plans and cutting back on cash compensation in 2019, property in cities like Dezhou will become even more unaffordable, according to a prospective buyer. Photo: AFP Source link

Read More
Home 

Brexit apart, Spain’s political uncertainty is a microcosm of the euro zone’s deepening troubles

Political parties in Spain will enter campaign mode this week after Prime Minister Pedro Sánchez on Friday called for an early general election, the third such ballot in as many years. However, far from being an exception, the latest political uncertainty in the euro zone’s fourth-largest economy comes as there are mounting signs of political instability and stagnating growth in other large European economies like Germany, France and Italy. With the euro zone “celebrating” its 20th anniversary… Source link

Read More
Home 

Besides US-China trade troubles, Europe’s economic and political struggles should have us on edge, too

It is always a wise idea to keep your friends close and your enemies closer. China and the US may be at each other’s throats, inflicting serious self-harm on their economies as the trade war drags on, but both countries have a mutual dependence – if one goes down, the other suffers, too. There is a strong imperative to bury the hatchet and resolve their differences – quickly and for everyone’s sake. The well-being of the rest of the world depends on it. The last thing the global economy needs…

Read More
Home 

Huawei’s troubles grow in Europe as more countries follow the US in shunning it over security concerns

The US dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company’s biggest foreign market, where some countries are also starting to shun its network systems over data security concerns. Some European governments and telecom companies are following the US’s lead in questioning whether using Huawei for vital infrastructure for mobile networks could leave them exposed to snooping by the Chinese government. Bans in Europe could significantly increase the financial pressures on Huawei. They would also cost Europe tens of billions of dollars…

Read More