The prompt October/November spread climbed $1.25 to a backwardation of $10.25 a tonne, the highest in more than two weeks, according to Reuters data. Strong gasoline demand in the United States will see more naphtha being reformed into the transport fuel, instead of being sent to Asia.
The Ho Chi Minh Stock Exchange's VN Index fell by midday as investors sold shares on worries about bad debts, inflation and corporate performance, analysts said.
We're not talking about the Persian Gulf. It's the South China Sea where China and Vietnam are on a collision course that could result in higher commodity prices and far worse.
Chinese acquisitions of US assets and businesses are running at record levels this year, bucking the trend of a generally tough mergers and acquisitions market and a sign that it is easier than many think for Chinese companies to attain approval for deals in America. The FT reports.
Federal authorities in the US are investigating Royal Bank of Scotland for possible breaches of Iran sanctions in a probe that has already led to the departure of a senior risk manager. The FT reports.
The arrest of one of Vietnam’s most prominent tycoons has sent shockwaves through the Communist-ruled country and further undermined confidence in what was once one of the world’s hottest emerging markets. The FT reports.
In the past few years, Mong Cai has emerged as an international smuggling nexus, funnelling illegal goods from around the world to feed China’s soaring demand for everything from women to banned electronic waste products to tiger penis for use in traditional medicine. The FT reports.
Tony Nash, Managing Director, IHS Global Services reveals which countries & industries are dipping their toes into the Myanmar market.
Vietnam's stock market, which tumbled nearly 30 percent last year because of surging inflation and a declining currency, is the most undervalued market in Southeast Asia, David Roes, the CEO of Asean Investment Management, told CNBC on Friday.
Worries over the European debt crisis, a slow recovery in the U.S. and fears over a "hard landing" for China’s economy have left global investors searching for new markets to put their money in. What are the countries with the best prospects for growth?
The number of wildcat strikes in Vietnam doubled last year as workers suffering from Asia’s highest inflation rate struggled to obtain better wages. The Financial Times reports.
Dariusz Kowalczyk, Senior Economist & Strategist, Credit Agricole, explains why the Singaporean dollar, Korean Won, Indian Rupee and Vietnamese Dong will suffer the most.
The number of property transactions in China’s largest cities has fallen to dangerously low levels, according to regulatory documents obtained by the Financial Times, and this could have a significant ripple effect. The FT reports.
In March, Nike, for the first time in five years, missed analysts’ expectations and its stock plummeted more than nine percent on a single day. The company couldn’t achieve the margins it wanted because of the high costs of making and shipping its shoes and clothes.
Wondering how some smaller currencies would survive a market calamity? Here's one strategist's analysis.
Emerging market investors looking to reduce volatility on their returns should combine stocks, bonds and currencies, according to a report by asset management firm Alliance Bernstein, called "An all-encompassing approach to emerging markets".
The transport ministry says some senior officials are spending too much time on the putting green and, as a result, are under-performing at work during a difficult period for the Vietnamese economy. The FT reports.
Vietnamese brokers and industrials will experience 500 percent upside over the next 2-3 years, David Roes, CEO of ASEAN Investment Management, told CNBC.
In many Asian countries, divorce rates have been rising as women become more economically independent and more willing to challenge traditional, socially conservative values. The FT reports.
The growing tension between China, Vietnam and the Philippines in the South China Sea could lead to a miscalculation and further escalation between the parties, a former advisor to U.S. Vice President Dick Cheney warned on Friday.