December 22, 2011
Saigon Thuong Tin Commercial Joint- Stock Bank may sell as much as a 15 percent stake to Credit Suisse Group AG, the Vietnamese lender’s Chief Executive Officer said. The bank’s stock rose to the highest level in almost a month in Ho Chi Minh City. Sacombank, as the lender is known, will start negotiations [...]
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January 12, 2010
Vietnamâs bonds declined, pushing up yields to the highest level in 14 months, after the State Treasury said it will sell VND1.5 trillion (US$81 million) of notes on Jan. 15, the first offering in 2010. The dong dropped. The government will sell VND500 billion each of securities maturing in two, three and five years, according [...]
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August 4, 2009
Manufacturing shrank less than forecast, and construction spending unexpectedly rose, as overseas demand and the Obama administrationâs stimulus helps resuscitate US factories from their worst slump in 28 years. The Institute for Supply Managementâs factory gauge rose to an 11-month high of 48.9 in July, according to the Tempe, Arizona-based group. Readings below 50 signal [...]
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June 24, 2009
Stocks of developing nations fell, dragging the MSCI Emerging Markets Index down 10 percent from its 2009 peak on concern the recovery will be weaker than economists forecast. The emerging-markets index of 22 countries lost 1.9 percent at 12:28 a.m. in London, after earlier extending its tumble since June 1 to 10.4 percent. Russian stocks, [...]
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May 20, 2009
Investors sit next to a statue of the God of Fortune watching share prices at Dong Duong Securities in Ho Chi Minh City. The Ho Chi Minh City stock market Tuesday went past the 400-point level, marking a 70-percent rally from a four-year low on February 24, but experts still recommend investors trade carefully. Strong [...]
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