January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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December 19, 2011
Terrence Duffy, executive chairman of the Chicago Mercantile Exchange (CME) Group. The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business. One is Jon Corzine, the firm’s former CEO who just testified [...]
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November 19, 2011
Hollywood actress Angelina Jolie (C) waves to the media as she stands with her adopted sons Pax Thien (R) from Vietnam and Maddox from Cambodia at a security check point before leaving Con Dao Island, off Vietnam’s southern coast on Wednesday (November 16) Hollywood star Angelina Jolie and her six children wrapped up their [...]
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November 16, 2011
Bill Talen, known as Reverend Billy (C), delivers a speech to members of the Occupy Wall Street movement as they return to Zuccotti Park in New York November 15, 2011. A judge upheld New York City’s right to evict Occupy Wall Street protesters from a park on Tuesday after baton-wielding police in riot gear broke [...]
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November 14, 2011
What’s wrong with Ec 10? The dozens of Harvard University undergrads who walked out of the school’s famous introductory economics course this month think they know. The students’ general criticism is that Ec 10, in which some 700 students are enrolled, “espouses a specific — and limited — view of economics.” Their specific criticisms [...]
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Posted in Life in Vietnam | Comments Off
November 14, 2011
President Barack Obama arrives during the first plenary meeting at the APEC Summit in Honolulu, Hawaii November 13, 2011. The head of Boeing chose his words carefully as he explained to President Barack Obama the “dilemma” that Corporate America faces in trying to do business in China. “We see a world where our interests lay [...]
Tags: access, accord, administration, America, American, American Companies, Apec Summit, At The Apec, At The Apec Summit, At The Expense, Barack obama, Beijing, Business, Business Community, Businesses, But Obama, Caterpillar, Chief Executive, China, Chinese, Chinese Market, Chinese Officials, companies, complaints, corporate, Corporate America, currency, economic, Economic Relationship, economy, enterprises, executives, Expense, Financial crisis, Get Tougher, Get Tougher With, Get Tougher With Japan, growth, He Made, In China And, In The World, Intellectual, Intellectual Property, Japan, Ldquo, market, Market Access, More Rapidly, Obama, Obama administration, Obama Administration Has, Owned enterprises, percent, Plaza, Plaza Accord, President, President barack, President barack obama, property, Rdquo, relationship, result, Said ldquo, state, State owned enterprises, State-owned, states, summit, That Corporate America, The American, The Apec, The Apec Summit, The chinese, The Chinese Market, The Expense, The financial, The financial crisis, The first, The Ldquo, The obama, The obama administration, The Obama Administration Has, The Relationship, The rise, The united, The united states, The world, The Yen, The Yuan, To Get Tougher, To Get Tougher With, To The Chinese, To The Chinese Market, tougher, Tougher With Japan, trade, Trade War, United, United states, Us Businesses, Us China, Washington, world
Posted in International | Comments Off
September 16, 2011
Vietnam should consider consolidating its banks and infusing more capital into lenders as part of structural reforms of the financial industry, the Asian Development Bank said Wednesday. “The number of banks is obviously too many, compared to the size of the economy,” Tomoyuki Kimura, Asian Development Bank’s country director for Vietnam, said in an [...]
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August 3, 2011
An investor smiles as she walks past screens showing stock information at a brokerage house in Wuhan, Hubei province June 24, 2011. China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s [...]
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Posted in International | Comments Off
June 13, 2011
Austrade Chief Economist Tim Harcourt (R) talks with Australian Consul General Graeme Swift during the launch of the Financial Services Benchmark Report in Ho Chi Minh City on June 10, 2011 The Australian economy in general and its financial services sector in particular have proved their resilience and strength, emerging virtually unscathed from the global [...]
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May 25, 2011
The logo of American International Group (AIG) is seen at their offices in New York in this file photograph from September 18, 2008. The US Treasury made a small profit when it sold a portion of its shares in American International Group Inc on Tuesday, but it was unclear how its investment in the beleaguered [...]
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Posted in International | Comments Off
CME’s Duffy vs MF Global’s Corzine: A question of trust
Terrence Duffy, executive chairman of the Chicago Mercantile Exchange (CME) Group. The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business. One is Jon Corzine, the firm’s former CEO who just testified [...]
Tags: Acquisition Spree, At The Congressional, At The Congressional Hearings, billion, brokerage, Brokerage Firm, Business, Chairman, Chicago, Chicago Exchange, Cme Group, comment, Congress, Congressional, Congressional Hearings, Corzine, Corzine And Duffy, Customer, Customer Accounts, Customer Funds, Declined, Democratic, Democratic Politics, Duffy, Duffy Ldquo, Duffy Says, exchange, father, federal, Felt Compelled, futures, Futures Trading, global, Goldman, Hastert, Hastert Says, He Has Also, Hearings, Helped, His Business, His Father, investors, Known Duffy, Last week, Ldquo, Leverage Ratios, losing, Lost Money, Matter, Matter Ldquo, Mf Global, Mf Global Was, money, New Jersey, No Idea, Of The Chicago, Of The Chicago Exchange, Of The Financial, Politics, public, Rdquo, Rdquo Corzine, Rdquo Duffy, Rdquo Duffy Said, smoking, Smoking Gun, Street, Terrence Duffy, The Brokerage, The Brokerage Firm, The Cftc, The Chicago, The Chicago Exchange, The Cme, The congressional, The Congressional Hearings, The exchange, The financial, The firm, The Hearings, The Matter, The Matter Ldquo, To Stave Off, Told Congress, trader, traders, trading, Wall Street, When Mf, Who lost, Who Lost Money, years
Posted in International | Comments Off