Global economic recovery losing momentum: Moody's

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VietnamNet English 1 week(s) ago

Global economic recovery has lost momentum over the past three months, with several economies still facing significant challenges and are unlikely to resume "normal" growth rates soon, the investors service of international credit rating agency Moody's said on Wednesday.

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Hyundai, Kia face $775 million lawsuit over false fuel economy claims

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Báo Tuổi Trẻ English 7 month(s) ago

Hyundai, Kia face $775 million lawsuit over false fuel economy claims

SEOUL – A U.S. lawsuit has been filed against Hyundai Motor Co and affiliate Kia Motors Corp, seeking US$775 million in damages in one of the biggest known actions against the automakers since they admitted overstating the fuel economy of some their vehicles.

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Central bank pledges crackdown on violations

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Báo Thanh Niên English 8 month(s) ago

Vietnam’s central bank vowed to crack down on violations stemming from small groups of shareholders who control Vietnamese banks, calling them the “biggest obstacle” to reforming the financial system.

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Moody’s downgrades Vietnam’s credit rating

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Hanoi Times English 8 month(s) ago

The Hanoitimes - Moody's Investors Service has downgraded Vietnam's credit rating to B2 from B1, citing weaknesses in the country’s banking systems.

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Vietnam gov’t bonds, banks get rating downgraded

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Báo Tuổi Trẻ English 8 month(s) ago 1 duplicate news

Vietnam gov’t bonds, banks get rating downgraded

Moody's (Moody's) Investors Service has downgraded the ratings of Vietnam's government bond and eight local commercial banks.

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Moody’s downgrades Vietnam’s credit rating

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VOV News English 8 month(s) ago

Moody’s downgrades Vietnam’s credit rating

(VOV) - Moody's Investors Service has downgraded Vietnam's credit rating to B2 from B1, citing weaknesses in the country’s banking systems.

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Moody's downgrades Eurozone bailout fund credit outlook

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VietnamNet English 10 month(s) ago 1 related news

Moody's downgrades Eurozone bailout fund credit outlook

Moody's Investors Service on Tuesday cut the outlook for the credit rating of the European Financial Stability Facility (EFSF) to negative from stable, warning that the rescue fund would lose its Aaa rating.

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Gold edges up, dollar escalates

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SaiGon GP English 10 month(s) ago 2 related news

Gold edges up, dollar escalates

Price of gold in Vietnam edged up marginally over the previous day on July 24 while dollar exchange rate maintained a strong rising momentum; whereas pressure continued to stalk global price after Moody’s Investors Service changed its outlook for Germany, the Netherlands, and Luxembourg from stable to negative.

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Moody's cuts outlook on Germany, the Netherlands, Luxembourg

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VietnamNet English 10 month(s) ago 1 related news

Moody's cuts outlook on Germany, the Netherlands, Luxembourg

Moody's Investors Service late Monday lowered its outlook on top-rated Germany, the Netherlands and Luxembourg to negative from stable, citing increasing uncertainties about the euro debt crisis as a whole.

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Vietnam’s BIDV seeks adviser for planned $500 million bond sale

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Báo Thanh Niên English 11 month(s) ago

Bank for Investment & Development of Vietnam is seeking an adviser to help it sell $500 million of dollar-denominated bonds in international markets.

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Moody's downgrades 13 Italian banks

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VietnamNet English 11 month(s) ago

Moody's downgrades 13 Italian banks

Ratings agency Moody's Investors Service slashed the ratings of 13 Italian banks on Monday, citing the weakened credit profile of the Italian government.

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SHB’s credit outlook downgraded on HBB’s acquisition

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Báo Tuổi Trẻ English 11 month(s) ago

SHB’s credit outlook downgraded on HBB’s acquisition

Moody’s Investors Service Inc has downgraded the credit outlook of Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) due to its recent acquisition of Hanoi Building Commercial Joint Stock Bank (Habubank).

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Moody's downgrades Italy debt rating two notches

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VietnamNet English 11 month(s) ago

Ratings agency Moody's Investors Service has downgraded Italy's government bond rating two notches over concerns that the country is more likely to experience a further sharp increase in its funding costs or the loss of market access amid rising euro-zone risks and deteriorated economic outlook.

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Moody's confirms Saigon-Hanoi Bank's ratings and revises outlook to negative

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VietStock FI English 11 month(s) ago

Moody's Investors Service has today confirmed Saigon-Hanoi Commercial Joint Stock Bank's (SHB) B2 deposit and issuer ratings, as well as its standalone financial strength of E+, which equates to b2 on a long-term scale. At the same time, Moody's revised the outlook to negative from under review for a possible downgrade. This concludes the review for downgrade initiated by Moody's on 11 May 2012. The Not-Prime short-term ratings were not subject to the aforementioned review and remains unchanged.

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S. Korea must tackle huge household debts: watchdog

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Báo Tuổi Trẻ English 11 month(s) ago

S. Korea must tackle huge household debts: watchdog

South Korea must act to curb household debts totalling hundreds of billions of dollars that pose a downside risk to the economy, the top financial watchdog said Wednesday.

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