REUTERS – Global equity markets rose and the dollar strengthened against the yen on Monday on expectations the Federal Reserve will reinforce its commitment this week to supporting the U.S. economic recovery. Stocks on Wall Street and major European indices gained 1 percent or more as investors await the end of a two-day meeting of the U.S. central bank on Wednesday, when investors hope to get... 

The global gold price fell steeply but the local price only slightly edged down, widening the price gap to over VND5 million per tael on Monday. Gold dropped sharply in the New York market last weekend and the downtrend continued in the Asian market on Monday morning. At 2 p.m. on Monday, gold was quoted on www.kitco.com at US$1,477 per ounce before plunging to US$1,409.9 at 6 p.m in the European market,... 

REUTERS – The stock market slowly returned to life on Wednesday after two days in the dark, in the wake of the massive storm Sandy that caused the market’s first weather-related two-day closure since Grover Cleveland was president. The major stock indexes’ early gains were short-lived as buying receded quickly. The S&P 500 was modestly lower in a session that is on track to be... 

REUTERS – Global stocks rose and the euro hit a one-month high on Wednesday, helped by brighter prospects for resolving Spain’s debt woes, but disappointing quarterly earnings from Intel Corp (INTC.O) and IBM (IBM.N) weighed on U.S. equity markets. U.S. and German government debt prices fell after Spain avoided a damaging ratings downgrade from Moody’s and stronger-than-expected... 

Gold jumped on Friday as investors took refuge from equity and debt markets on mounting concerns about the threat of contagion from the euro zone crisis and as worries about a slowdown in U.S. growth fuelled a pullback in risky assets. Spot gold hit a session high of US$1,669.60 a troy ounce. It was bid at $1,666.70 an ounce at 1109 GMT from $1,647.90 an ounce late in New York on Thursday, up 1.1... 

British-based banking giant HSBC has announced it will sell 195 retail branches, primarily in upstate New York, to First Niagara Bank for an estimated $1 billion. “As part of its ongoing US strategic focus on commercial and corporate banking, HSBC Bank USA remains committed to serving and further developing corporate banking relationships in Upstate New York,” the company said in a statement. “HSBC... 

Embattled Rupert Murdoch on Wednesday vowed News Corp. would bounce back from the phone-hacking scandal, saying he would never tolerate such behaviour at his global empire. “I want all of you to know that I have the utmost confidence that we will emerge a stronger company,” he said in a message to staff, seen by AFP. “It will take time for us to rebuild trust and confidence, but... 

The local gold price hit the record high of VND39.1 million per tael over the weekend in line with the global gold price that also reached its highest level on the last trading session last week. Saigon Jewelry Co. (SJC) on Saturday afternoon quoted its selling price at VND39.04 million per tael, rising VND100,000 per tael from the previous day. Meanwhile, Phu Nhuan Jewelry Co. quoted the selling... 

Vietnam’s growing attraction to international travelers is creating a lot of opportunities for United Airlines to maintain business growth momentum in this Southeast Asian country, said the airline’s vice president for Asia Pacific. James Mueller told reporters in HCMC last week that Vietnam was emerging as a tourist destination and more travelers had been interested in this country. Moreover,... 

Asian stocks were mixed Monday as news that fewer than expected European banks failed stress tests was tempered by fears US lawmakers will not agree a budget that will help avoid a catastrophic default. Hong Kong gained 0.66 per cent and Seoul fell 0.56 per cent while Sydney, Shanghai and Taipei were all flat. Tokyo was closed for a public holiday. The European Banking Authority said on Friday that...