News

European stocks rebounded Thursday as Germany’s 5G auction drove the telecoms index higher, while a tanker incident caused oil prices to surge.

Gold prices climbed to a week’s high on Thursday, supported by expectations for an interest rate cut by the U.S. Federal Reserve following soft inflation data, although an uptick in equities capped gains.

Oil prices rose as much as 4% on Thursday following attacks on two tanker ships off the coast of Iran that renewed fears of conflict in the Middle East after a series of strikes last month.

U.S. government debt yields fell Thursday after President Donald Trump refused to set a timeline for levying tariffs on another $325 billion of Chinese goods and jobless data showed more Americans filing for unemployment benefits than expected.

The dollar held steady early in Asia on Friday, and was set to show a weekly rise as investor focus turned to next week’s Federal Reserve meeting for cues on a possible interest rate cut in light of rising risks to trade and global growth.

Condotel developers and buyers will breathe easier later in the year when the legal framework for the new type of property in Vietnam is to be released.

HANOI - Local credit institutions had settled bad debts worth VND907.33 trillion (US$38.9 billion) between 2012 and March this year, said Nguyen Trong Du, deputy chief inspector of the Banking Inspection and Supervision Agency under the State Bank of Vietnam (SBV).

Techcombank has officially been given approval from the State Bank of Viet Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to eight.

The State Bank of Viet Nam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.