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Image : Vietnamese wood enterprises forced to branch out overseas

Vietnamese wood enterprises forced to branch out overseas

person Orange Themes access_time Aug 15,2016

Vietnam's wood market is dominated by international enterprises.

Image : Doxxing May Become A Federal Crime

Doxxing May Become A Federal Crime

person Orange Themes access_time Dec 10,2016

The malicious publication of sensitive information would carry a possible five-year prison sentence in a proposed law sponsored by Massachusetts Rep. Katherine Clark

Image : Philippine bank at center of $81 mln heist names new president

Philippine bank at center of $81 mln heist names new president

person Orange Themes access_time May 17,2016

Rizal Commercial Banking Corp (RCBC) said on Monday that its board has appointed a new president replacing Lorenzo Tan, who resigned but was cleared by the Philippine bank of any wrongdoing in a $81 million money laundering scandal.

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Goldman Sachs cuts equities to "neutral", upgrades commodities

access_time May 18,2016 chat_bubble_outline 127 views
Goldman Sachs downgraded equities to "neutral" over a 12-month time-frame on growth and valuation concerns, but upgraded commodities to "neutral" on a three-month basis saying there was less downside potential to oil prices.

"Until we see sustained signals of growth recovery, we do not feel comfortable taking equity risk, particularly as valuations are near peak levels," it said.

"Our equity strategists have become more defensive, owing to heightened drawdown risk and growth scarcity," it added in a note dated May 17.

Goldman Sachs said commodities had rallied on the back of a dovish U.S Federal Reserve, Chinese economic data and supply disruptions. It upgraded commodities, saying that such supply disruptions should support oil prices.

"We think continued fundamental adjustments in both the physical and capital markets are needed, and now see oil prices reaching $60/bln in 4Q 2017 vs. mid-2017 previously. We remain bearish on metals."

It stayed "overweight" on credit over both 3- and 12-month horizons. It remained "underweight" on bonds, but lowered its bond yield forecasts in the major advanced economies by an average of 30-40 basis points.

"Given we do not see much value across asset classes and we see a variety of cross-asset risks, we remain 'Overweight' cash near term. We believe the market's dovish pricing of the Fed increases rate shock risk, in which case both equity and bonds could sell off." 

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Iceland left-green alliance to launch talks on forming government

Reykjavik (AFP) - Iceland's Left-Green movement agreed on Sunday to start formal talks on forming a new coalition government, three weeks after snap elections triggered by the Panama Papers scandal.Allied with the anti-establishment Pirate Party, the Social Democrats and the Bright Future party, the Left-Green faces the uphill task of forging a governing coalition with the centre right Reform Party."Everyone is ready to start formal talks", said Katrin Jakobsdottir, the leader of the Left-Green… chat_bubble_outline Read More...

Planes launched off US carrier in Gulf pound IS militants

ABOARD THE USS EISENHOWER (AP) — One after another, fighter jets catapult from the flight deck of the USS Eisenhower, a thousand-foot (305-meter) American aircraft carrier, afterburners glowing amber above the blue Persian Gulf, on their way northwest to join the fight in Iraq and Syria against the Islamic State group.The fighter jets refuel on the way before receiving from coalition partners targets like convoys, hideouts and mortar positions in IS-controlled territories such as Mosul in Iraq… chat_bubble_outline Read More...

HCM City to assist SMEs that invest in support industry

HCM City plans to provide special policies and incentives for businesses, especially small- and medium-sized enterprises (SMEs), which invest in support industries, the deputy director of the Department of Industry and Trade has said. HCM City plans to provide special policies and incentives for businesses, especially small- and medium-sized enterprises (SMEs), which invest in support industries. Speaking at a meeting on the role of SMEs in developing a support industry, Nguyen… chat_bubble_outline Read More...

Trump backs LA bid for 2024 Olympics: mayor's office

Los Angeles (AFP) - US President-elect Donald Trump has offered his support to Los Angeles's bid to host the 2024 Olympics, the mayor's office said Thursday.The Republican billionaire spoke by phone with Los Angeles Mayor Eric Garcetti and the two men had a "productive conversation," Garcetti's spokeswoman Connie Llanos said.During the conversation Trump, who will succeed Democratic President Barack Obama on January 20, indicated his support for LA's bid, she said.Los Angeles hosted the Summer… chat_bubble_outline Read More...

Heavy Syrian army shelling hits rebel Aleppo: monitor

Beirut (AFP) - Syrian government artillery bombarded the fast-shrinking rebel enclave in the heart of Aleppo on Friday despite its ally Russia's announcement of a new humanitarian pause, a monitor said.Air strikes halted on Thursday evening following Moscow's announcement but shelling continued throughout the night and into the morning, the Syrian Observatory for Human Rights said.An AFP correspondent in the rebel-held enclave reported hearing the boom of artillery through the night."There was… chat_bubble_outline Read More...

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