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Image : US unemployment lowest in 9 years as job creation continues

US unemployment lowest in 9 years as job creation continues

person Orange Themes access_time Dec 02,2016

The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell three-tenths to 4.6 percent, with a solid 178,000

Image : Discovering underground market in Saigon

Discovering underground market in Saigon

person Orange Themes access_time Mar 15,2017

EN VietNamNet - Sense Market, a newly established shopping center and food court, has attracted lots of locals and foreign tourists.

Image : Mexican cement maker ready to help Trump build border wall

Mexican cement maker ready to help Trump build border wall

person Orange Themes access_time Nov 23,2016

By Roberto Aguilar and Noe Torres MEXICO CITY (Reuters) - A Mexican cement maker is ready to lend its services to U.S. President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States to curb immigration.

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Dollar, Asia markets boosted as Trump pledges tax move

access_time Feb 11,2017 chat_bubble_outline 19 views


Dollar, Asia markets boosted as Trump pledges tax move

Japan's Nikkei index led the regional advance, piling on more than two per cent, as the yen sank. AFP/Wang Zhao

Japan's Nikkei index led the regional advance, piling on more than two per cent, as the yen sank, while a forecast-busting trade report from China also lifted spirits in Hong Kong and Shanghai.

World markets surged in the two months after Trump's November election, buoyed by his promises to slash taxes, hike infrastructure spending and cut red tape to fan economic growth.

But the three weeks since he took office have been consumed with a series of controversial measures and outbursts on trade that had left dealers worried his domestic agenda had been put on the backburner.

The news sent a rocket through Wall Street, where all three main indexes ended at record levels, and the dollar powered higher.

On Friday, those gains continued with the greenback buying 113.75 yen, compared with 112.67 yen in New York and 112.00 yen in Asia earlier Thursday.

It also rose against higher-yielding Asia-Pacific currencies, with South Korea's won losing 0.4 per cent, Australia's dollar down 0.1 per cent and the Indonesian rupiah also losing 0.1 per cent. Malaysia's ringgit, the Singapore dollar and the New Zealand dollar were also well down.

WARY EYE ON EUROPE

On equity markets the Nikkei ended up 2.5 per cent. "In the end, policies pushed forward by Trump, including tax cuts and infrastructure investment, should be positive for Japanese companies," said Nobuyuki Fujimoto, a senior market analyst at SBI Securities.

Hong Kong added 0.2 per cent and Shanghai closed up 0.4 per cent after news China's exports and imports surged more than expected in January thanks to a pick-up in the world's number two economy, improving global manufacturing and stronger commodity prices.

Sydney rallied 1 per cent, Seoul 0.5 per cent and Singapore put on 0.7 per cent.

Taipei, Bangkok and Jakarta were also higher. However, while the mood is upbeat, investors are keeping a wary eye on events in Europe, where a fresh debt crisis is brewing in Greece after the International Monetary Fund warned the targets prescribed for it to qualify for European bailout cash are unrealistic.

Germany reaffirmed its opposition to cutting Athens' debt despite the IMF asking its creditors for some kind of relief. Worries over the issue have sent Greek 10-year bond yields towards 8 per cent, having sat below 6.5 per cent in November.

There is also trepidation surrounding French elections later in the year with concern that a populist wave that has swept Britain and the United States could see the ultra right-wing National Front win, and put the future of the EU in jeopardy.

Still, in early European trade London and Frankfurt added 0.5 per cent and Paris gained 0.3 per cent.

KEY FIGURES AROUND 0800GMT

Tokyo - Nikkei 225: UP 2.5 per cent at 19,378.93 (close)

Hong Kong - Hang Seng: UP 0.2 per cent at 23,574.98 (close)

Shanghai - Composite: UP 0.4 per cent at 3196.70 (close)

London - FTSE 100: UP 0.5 per cent at 7,262.54

Euro/dollar: DOWN at US$1.0644 from US$1.0658

Pound/dollar: DOWN at US$1.2485 from US$1.2496

Dollar/yen: UP at 113.75 yen from 112.67 yen

Oil - West Texas Intermediate: UP 12 cents at $53.12 per barrel

Oil - Brent North Sea: UP 13 cents at US$55.76

New York - Dow: UP 0.6 per cent at 20,172.40 (close)

Source AFP

Vietlott earns huge revenue of VND1.6 trillion

VietNamNet Bridge – Vietnam Lottery Company (Vietlott), the organizer of American-style lottery game Mega 6/45, reported revenue of VND1.6 trillion (US$70.3 million) last year, VnEconomy reports. Illustrative image -- File photo Vietlott’s revenue stood at a mere VND8.7 billion in the first six months of 2016, leading the firm to incur losses of VND4 billion. However, in the following months, the company saw its revenue jump by hundreds of times. In particular, its revenue in the second half… chat_bubble_outline Read More...

Myanmar military plane carrying 116 missing: army chief, airport source

A Myanmar military plane carrying 116 people went missing on Wednesday between the southern city of Myeik and Yangon, according to the office of the army chief and an airport source. "Communication was lost suddenly at about 1:35 p.m. (07:05 GMT) when it reached about 20 miles west of Dawei town," the commander-in-chief's office said in a statement. Ships and planes have been scrambled to search for the plane, which was flying over the Andaman Sea when it went missing, the statement added.… chat_bubble_outline Read More...

Vietnam's newfound cave to open for tourism this week

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Transgender identity is not mental disorder

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Federal judge weighs whether to end Michigan recount

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