Last updated: Monday, December 19, 2011
Terrence Duffy, executive chairman of the Chicago Mercantile Exchange (CME) Group.
The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business.
One is Jon Corzine, the firm’s former...
Last updated: Monday, October 10, 2011
The central bank aims to keep the exchange rate stable
The State Bank of Vietnam said it will keep the exchange rate stable, even as the dong has showed signs of weakening due to increasing dollar purchases for import and debt payments.
The central bank said last week it aims to keep the rate stable until the end of the...
Last updated: Saturday, August 13, 2011
After holding steady for months against the dollar, the Vietnamese dong began to show signs of weakening this week
The Vietnamese dong has weakened after holding steady for months against the dollar, following a gold hoarding panic over the weekend. Commercial banks lowered the dong against the dollar on Thursday, increasing...
Last updated: Thursday, March 17, 2011
A farmer tends coffee trees in the Central Highlands province of Dak Lak
Vietnam started futures trading at its only coffee exchange last Friday, said Nguyen Tuan Ha, director of the Buon Ma Thuot Coffee Exchange in the Central Highlands province of Dak Lak.
Futures trading at the exchange will help local traders and growers...
Last updated: Tuesday, August 31, 2010
VnnNews – Analysts have warned that the price of cars will increase as a result of the dong/dollar exchange rate adjustment.
VnnNews – Analysts have warned that the price of cars will increase as a result of the dong/dollar exchange rate adjustment.< />
Car dealers slash prices despite VAT
Stalled sales disheartens...
Last updated: Wednesday, August 25, 2010
What are businesses doing in response to the State Bank of Vietnam’s decision to devalue the dong/dollar exchange rate by two percent?
VnnNews – What are businesses doing in response to the State Bank of Vietnam’s decision to devalue the dong/dollar exchange rate by two percent? They have to be more cautious when considering...
Last updated: Wednesday, August 25, 2010
A deputy chairman of the National Assembly’s Economic Committee says the two percent devaluation was correct, but must be followed by measures to lower interest rates
VnnNews – A deputy chairman of the National Assembly’s Economic Committee says the State Bank of Vietnam’s two percent devaluation was correct, but must...
Last updated: Tuesday, August 24, 2010
A deputy chairman of the National Assembly’s Economic Committee says the two percent devaluation was correct, but must be followed by measures to lower interest rates
VnnNews – A deputy chairman of the National Assembly’s Economic Committee says the State Bank of Vietnam’s two percent devaluation was correct, but must...
Last updated: Tuesday, December 8, 2009
VnnNews – The sharp dollar price increases have hurt a lot of businesses. Others are immune from ‘dollar fever’ because they can negotiate payments in dong.
Smart deals Though it’s Government policy to prevent the ‘dollarisation’ of the national economy – requiring that all transactions...
