January 16, 2012
A new decree in Vietnam spells out that abandoned aircraft will be seized, auctioned and the proceeds submitted to the treasury. According to the decree that takes effect on February 24, there are several criteria for an aircraft to be considered abandoned, including when no organization or individual receives it after the court’s decision [...]
Tags: abandoned, Abandoned Aircraft, aircraft, Auction, decree, The Aircraft, The Decree, The treasury, To The Treasury, treasury, Vietnam
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January 14, 2012
Vietnam’s State Treasury raised VND1.88 trillion ($89.4 million) by selling government bonds in its first auction of the year, the Hanoi Stock Exchange said. The treasury sold the entire amount of VND1 trillion of three-year debt it offered at a yield of 12.10 percent, and raised VND880 billion via five-year debt at 12.15 percent, [...]
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June 28, 2011
Many banks with surplus cash are pouring money into the bond market. Vietnamese bonds have been on the upswing this month as large banks, awash with cash, are reinvesting their money in the securities, analysts say. Some commercial banks are sitting on large amounts of cash due to strong inflows from maturing bonds they bought [...]
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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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September 29, 2009
World Bank President Robert B. Zoellick said on Monday that the global economic crisis is contributing to shifts in power relations in the world that will impact currency markets, monetary policy, trade relations. File photo shows that Robert Zoellick, president of The World Bank, speaks at the International Economic Forum of the Americas conference in [...]
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August 20, 2009
The US must address the massive amounts of âmonetary medicineâ that have been pumped into the financial system and now pose threats to the worldâs largest economy and its currency, billionaire Warren Buffett said. The âgusher of federal moneyâ has rescued the financial system and the US economy is now on a slow path to [...]
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June 15, 2009
The Vietnam Association of Financial Investors has asked that government bond investors be exempt from corporate income taxes to boost bonds sales that have sunk on low interest rates. The State Treasury failed to sell VND1 trillion (US$56.2 million) in bonds on June 4 as investors expected higher yields, according to an e-mailed statement from [...]
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June 10, 2009
A neon sign shines out of the showroom window of Balzekas Chrysler dealership in Chicago, Illinois The US Supreme Court Tuesday cleared the way for the sale of Chrysler LLC to Italy’s Fiat, while General Motors began to revamp its widely criticized board by naming a forrmer AT&T Inc chief executive as chairman. In a [...]
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May 31, 2009
General Motors Corp. president and Chief Executive Officer Fritz Henderson have scheduled a news conference in New York on Monday, when the Detroit automaker is expected to file Chapter 11 bankruptcy, according to media reports Sunday. A Dodge Nitro vehicle is seen in front of the General Motors Corp world headquarters in downtown in Detroit, May [...]
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May 21, 2009
The U.S. Treasury Department is preparing to invest an additional 7.5 billion dollars in GMAC LLC, the Detroit-based auto finance company, in a deal that could allow the U.S. government to hold a majority stake in the company, reports reaching here said Wednesday. GMAC, whose financial good health is key to providing loans forconsumers to [...]
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