Moody's downgrades 15 world's biggest banks

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VietnamNet English 11 month(s) ago 3 related news

Ratings agency Moody's Investors Service announced downgrades of 15 world's biggest banks after the markets closed on Thursday.

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French village battles bank not to withdraw dispenser

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Báo Tuổi Trẻ English 14 month(s) ago

French village battles bank not to withdraw dispenser

One tiny withdrawal at a time, Spezet village in France's rural Brittany region is battling to save its cash dispenser from bank cost-cutting in the face of the global financial crisis.

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US bank to fund local wind farm projects

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Báo Tuổi Trẻ English 16 month(s) ago

US bank to fund local wind farm projects

The US Ex-Im Bank has agreed to a policy on a funding package to support wind farm projects in the southern province of Bac Lieu, the bank chairman said Wednesday.

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Additional USD 220 million invested in Ca Mau Protein Project

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Báo ĐCS English 20 month(s) ago 2 related news

A credit contract worth USD 220 million has been signed between the National Oil and Gas Group, PetrolVietnam (PVN), BNP Paribas Bank, the Export-Import Bank of China and Credit Agricole Corporate & Investment Bank (CACIB) to support the Ca Mau Protein Project, reported PVN.

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France denies 10-15 bn euro bailout for major banks

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Báo Đầu Tư English 21 month(s) ago

France denies 10-15 bn euro bailout for major banks

France is planning a 10-15 billion euro recapitalisation plan for five top banks struggling with the debt crisis, a report said Sunday, sparking a formal denial from the finance ministry.

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Stocks plunge in Europe on recession concerns

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VietnamNet English 21 month(s) ago

European stocks witnessed another dark session on Thursday, after index sank more than 4 percent as the U.S. Federal Reserve pointed to gloomy economic growth in the world's leading economy.

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China bank stops some FX trades with European banks

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Báo Đầu Tư English 21 month(s) ago 1 related news

China bank stops some FX trades with European banks

A big market-making state bank in China's onshore foreign exchange market has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, two sources told Reuters on Tuesday.

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China bank stops some FX trades with European banks

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Báo Tuổi Trẻ English 21 month(s) ago 1 related news

China bank stops some FX trades with European banks

A big market-making state bank in China's onshore foreign exchange market has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, two sources told Reuters on Tuesday.

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Renewed growth worries send down European stocks

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VietnamNet English 22 month(s) ago

Investors in main European exchanges remain jittery over the globe growth after poor economic data in the European block and the United States sent low stocks on Thursday.

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SocGen stock bounces back as CEO reassures

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Báo Đầu Tư English 23 month(s) ago

SocGen stock bounces back as CEO reassures

Societe Generale's battered shares recovered some ground on Thursday as the French bank's boss vehemently rejected rumors that questioned its financial solidity.

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Vietnam, foreign investors to fund long-awaited power plant

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Báo Tuổi Trẻ English 23 month(s) ago 1 related news

The Vietnamese government and a consortium of foreign creditors inked a billion-dollar pact on Thursday to finance the long-awaited power plant Mong Duong 2 in Quang Ninh Province.

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Credit pact inked for Mong Duong 2 power plant

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SaigonTimes English 23 month(s) ago 3 related news

HANOI – The Government and a consortium of foreign creditors inked a billion-dollar pact on Thursday to finance the long-awaited power plant Mong Duong 2 in Quang Ninh Province.

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AES Mong Duong 2 power plant closes finance

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Báo Đầu Tư English 24 month(s) ago

AES Mong Duong 2 power plant closes finance

The AES Corporation on July 11 officially announced the financing documentation for Vietnam’s largest private sector power project 1,240 megawatt, coal-fired Mong Duong 2 Power project located in Quang Ninh province, has been formally completed finance.

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12 foreign banks funding major thermal power plant in Vietnam

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SaiGon GP English 24 month(s) ago

12 foreign banks funding major thermal power plant in Vietnam

Twelve foreign banks have reached credit contract to lend more than US$1.46 billion to Mong Duong 2 coal-fired power plant in northern Vietnam, the project’s operator said Monday.

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Euro steady after Portugal rating slashed

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Báo Đầu Tư English 24 month(s) ago

Euro steady after Portugal rating slashed

The euro was steady against the dollar in Asian trade on Wednesday after sliding following a Moody's downgrade of Portugal to junk status, tempering optimism over progress on eurozone debt.

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