Vietnam bank BIDV plans foreign stake sales in 2016

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Báo Tuổi Trẻ English 2 day(s) ago

Vietnam bank BIDV plans foreign stake sales in 2016

Vietnamese lender BIDV, the country's biggest partly private bank by assets, said it could sell stakes to foreign strategic partners next year, as the Southeast Asian nation further opens up its economy to outsiders.

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Vietnam allows 1 percent dong depreciation

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Báo Thanh Niên English 2 month(s) ago 3 related news

Vietnam has lowered the mid-point rate for trading its currency on the interbank market by 0.99 percent to 21,673 dong per dollar on Thursday, the central bank said via its data feed on Reuters Eikon system, its second depreciation this year.

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World Bank's pension investments clash with principles

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Báo Thanh Niên English 2 month(s) ago

World Bank's pension investments clash with principles

The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing.

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Vietnam bonds at multi-month low on banks' lower liquidity

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Báo Thanh Niên English 2 month(s) ago

Vietnam bonds at multi-month low on banks' lower liquidity

Vietnamese bond prices hit their lowest in several months as banks, major buyers of debt assets, reported lower liquidity and as the state seeks to keep down its borrowing.

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Singapore: monetary policy unchanged

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VietnamPlus English 2 month(s) ago

Given this year’s stable growth and inflation, the Monetary Authority of Singapore (MAS) announced its intent to maintain “modest and gradual appreciations” in the currency policy band to mitigate risks of price fluctuation.

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Vietnam's Eximbank in merger talks with a local bank: sources

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VOV News English 3 month(s) ago

Vietnam's Eximbank in merger talks with a local bank: sources

Vietnam's Eximbank, 15.07% owned by Japan's Sumitomo Mitsui Banking Corp , is in talks with unlisted domestic lender Nam A Bank about a possible merger, sources with knowledge of the matter told Reuters.

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Shell takeover could net BG's CEO over $48 million

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Báo Tuổi Trẻ English 3 month(s) ago

Shell takeover could net BG's CEO over $48 million

Royal Dutch Shell Plc’s agreed takeover of BG Group Plc will trigger payouts for BG Chief Executive Helge Lund that could see his pay for his first year top 32 million pounds ($47.8 million), a Reuters analysis of corporate filings shows.

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U.S. multinationals set to face much more pain from strong dollar

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Báo Thanh Niên English 3 month(s) ago

U.S. multinationals set to face much more pain from strong dollar

The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession.

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Vietnam's BIDV plans to sell 25 pct stake to foreigners

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Báo Thanh Niên English 5 month(s) ago

Vietnam's BIDV plans to sell 25 pct stake to foreigners

BIDV, Vietnam's second-largest partly private lender by assets, plans to sell a 15 percent stake to a strategic foreign partner and another 10 percent to an overseas financial investor, an executive said on Monday.

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Samsung talks to BlackBerry about $7.5 bln buyout: source

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Báo Tuổi Trẻ English 6 month(s) ago 1 related news

Samsung talks to BlackBerry about $7.5 bln buyout: source

Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

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Samsung talks to BlackBerry about $7.5 billion buyout: source

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Báo Thanh Niên English 6 month(s) ago 1 related news

Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

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Standard Chartered to axe 4,000 retail bank jobs - memo

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Báo Thanh Niên English 6 month(s) ago

Standard Chartered to axe 4,000 retail bank jobs - memo

Standard Chartered will axe around 4,000 jobs worldwide at its retail banking division, according to an internal memo reviewed by Reuters on Thursday, in a push to achieve the cost cuts that chief executive Peter Sands hopes will return the bank to past glory.

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All the rage a year ago, bitcoin sputters as adoption stalls

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Báo Thanh Niên English 7 month(s) ago

All the rage a year ago, bitcoin sputters as adoption stalls

After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled.

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Apple market cap could hit $1 trillion mark: Omega's Einhorn

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Báo Tuổi Trẻ English 8 month(s) ago

Apple market cap could hit $1 trillion mark: Omega's Einhorn

Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday.

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Vietnam kicks off international bond sale plan

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VietnamNet English 8 month(s) ago 1 related news

Vietnam kicks off international bond sale plan

VietNamNet Bridge - According to Reuters, the Ministry of Finance has chosen three foreign banks - Deutsche Bank, HSBC and Standard Chartered - to hold roadshows to introduce Vietnam’s upcoming bond sales to international investors.

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