Tag: money

Hedge fund founder kills self after losing money in Madoff scandal

The founder of an investment fund that lost as much as 1.4 billion dollars in the alleged Bernard Madoff scheme committed suicide Tuesday at his Manhattan office in New York, the New York-based Daily News reported Wednesday. The building that houses the office of Access International Advisors, co-founded by Thierry de la Villehuchet of France, on Madison Avenue... Read more

Seeking places where money can generate money

VietNamNet Bridge – Of six investment channels, four channels have brought losses to investors, while only two have brought profit. In the last three months, the VN Index decreased by 32.1%, the real estate price decreased by 5%, gold price 2.78%, while consumer product prices by 1.66%. Only investments in dollars and bank deposits could bring profit as... Read more

Handicraftsmen have no jobs, no money

VietNamNet Bridge – Sharp price falls and narrowed export markets have forced many handicraft workshops to stop production and have pushed craftsmen against the wall. Handicraft exports will not meet the targetAccording to Dang Quoc Hung, Deputy Chairman of the HCM City Handicraft and Woodwork, in 2007 Vietnam exported $750 million worth of handicraft... Read more

State groups take advantage of stimulus package to ask for money

VietNamNet Bridge – Though they agreed that the Government should not focus investment in big projects, not discriminate against small- and medium-enterprises, State-owned or non State-owneded companies, most officials of State-owned groups took advantage of a meeting with the PM Tuesday to ask for money for their projects. From the left: Deputy PM Nguyen... Read more

Binh Duong brings in the money

VietNamNet Bridge - Enterprises in Binh Duong Province’s industrial parks so far this year earned over US$5 billion, an increase of 36 per cent over the same period last year, according to a report by the province’s People’s Committee. My Phuoc Industrial Zone in the southern province of Binh Duong. Enterprises in the province’s industrial... Read more

Vietnam, Interpol team up to fight money laundering

The central bank signed an agreement with the International Criminal Police Organization, known as Interpol, to share information to fight money laundering, the bank said in a report posted on its website. Vietnam is committed to combating financial support for terrorism and through its control of the banking system, the State Bank of Vietnam is able to... Read more

Musical extravaganza raises money for disadvantaged kids

VietNamNet Bridge - Vietnamese and foreign musicians will perform in a music and song festival at HCM City’s RMIT International University Viet Nam this week to raise funds for the disabled and poor. American artist Curtis King and his partner perform Take My Hand, a song for Agent Orange victims, at a recent charity concert in HCM City. VietNamNet Bridge... Read more

Wedding tea parties ease money stress

VietNamNet Bridge – A sumptuous feast, fireworks, sparkling wine the perfect ingredients for a trendy wedding bash. But as the clouds of inflation and global economic gloom gather, many young couples are choosing a different way to celebrate, one that involves tea and biscuits. Wedding on a shoestring: A young couple invite guests with a cup of tea and... Read more

Unsuitable gold management policy wasting money: experts

VietNamNet Bridge – Experts believe that the current tight policy on gold imports and exports is causing tremendous losses for investors, not to mention the national economy. The gold price performance in the last 10 yearsLate last week, when the world’s gold price fell to the deepest low so far this year, the domestic dollar price unexpectedly skyrocketed.... Read more

Forecast: more money to be put in stocks

VietNamNet Bridge – Recent forecasts have all predicted that more money will flow into the stock market in the time to come. The HCM City Securities Company (HSC) believes that the VND basic interest rate will decrease by another 2% by the end of January 2009. This means that the basic interest rate would decrease to 10%, which also means the maximum lending... Read more

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