After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
See which stocks are posting big moves after the bell.Market Insiderread more
"I'd love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
HANOI, Aug 15 (Reuters) - Vietnam plans to speed up its privatization program by selling stakes in nearly 100 state-owned firms by the end of 2020, including Agribank, the government said late on Thursday.
The Southeast Asian country has been selling stakes in state firms in recent years to improve their performance and to fill the government's coffers, but the pace has been slower than scheduled recently.
The government now plans to sell stakes in 93 firms by the end of next year, it said in a statement. They will include up to 35% stakes in Agribank - the country's biggest bank by assets which was formally known as the Vietnam Bank for Agriculture and Rural Development - as well as in Vietnam National CoalMineral Industries Holding Corp, the country's largest coal miner, and in Vietnam Northern Food Corp.
Agribank, which has total assets of nearly $56 billion, said last week it targets pretax profit of 10 trillion dong ($429 million) this year, up 32.9% from last year.
The government said it will also sell up to 50% stakes in mobile telecom carrier MobiFone and as well as in Vietnam Posts and Telecommunications Group and Vietnam National Chemical Group.
It also plans to sell up to 100% of Vietnam Paper Corp. by the end of next year and two power-generating units of Vietnam Electricity Group, it said. (Reporting by Khanh Vu; Editing by Susan Fenton)