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Ministry offers six solutions to curb inflation, stabilise macro economy
In a bid to tame the consumer price index (CPI) at about 17 percent as targeted by the government, the Ministry of Finance (MoF) has recently offered six solutions to realise the goal of curbing inflation and stabilising the macro economy. Accordingly, first, the ministry will focus on solving the key problems of price such as the quality of growth, competitiveness of the economy and efficient use of capital. Second, it is necessary to fully carry out measures to control the aggregate demand in the economy in accordance with the government's Resolution No 11/NQ-CP. Third, the country needs to ensure the supply-demand balance of goods and services in all circumstances, of which, first of all is essential goods for production and life. In addition, rearrangement and reorganisa...xem thêm... -
Four EU nations ban short-selling on banking stocks
French banking shares have been most affected by the recent market turbulence France, Italy, Spain and Belgium have banned short-selling of the shares of banks and other financial companies. It follows sharp gains and losses in bank stocks in recent days, especially in France, on the level of their exposure to eurozone government debt. Societe Generale has been the worst affected by the volatility, being forced on Wednesday to deny that its financial stability was at risk. Short-selling is when traders profit from bets on the fall in a share price. It has been blamed for increasing recent market instability. Short-sellers usually borrow shares or bonds, sell them, then buy them back when the stock falls - pocketing the difference. "Naked" short-selling is when a trader sells fi...xem thêm... -
Fed to Keep Rates at Record Lows at Least Through Mid-2013
The U.S. Federal Reserve building stands in Washington, D.C. on Aug. 8, 2011. Photographer: Andrew Harrer/Bloomberg The Federal Reserve pledged for the first time to keep its benchmark interest rate at a record low at least through mid-2013 to revive a recovery that’s “considerably slower” than anticipated. The Federal Open Market Committee is “prepared to employ” additional tools to bolster an economy hobbled by weak hiring and anemic household spending, it said in a statement today in Washington. Three members of the committee dissented, preferring to maintain a previous pledge to keep rates low for an “extended period” without a specific timeframe. Stocks rallied and yields on 10-year Treasury notes briefly touched a record low. The decision represents the biggest effo...xem thêm... -
Coffee and crude futures 'acting like sisters'
The two have colour in common. Both have a dark brown hue. But that's about all. One is a liquid mineral that keeps us on the move. The other is a crop, a bean that keeps us awake. So why should futures in crude oil and coffee have started moving as a pair? The duo have been named as the latest odd couple in commodities, following copper and wheat, and gold and farmland. 'Like sisters' The convergence between crude and copper, both of which were showing small gains in early deals on Friday, has been noted on both sides of the Atlantic. "A savvy old school trader points to coffee and crude prices acting like sisters," Jurgens Bauer at US-based PitGuru said. In London, broker Marex said the correlation between the two assets was "particularly tight". "Crude topped on May 2 a...xem thêm... -
Crude Oil Heads for Biggest Two-Day Decline Since 2009: Brent Below $100
Oil headed for its biggest two-day plunge in more than two years in New York as the U.S. credit- rating cut and rising stockpiles stoked concern an economic slowdown will worsen, reducing demand in the world’s biggest crude consumer. Brent tumbled below $100 a barrel. New York futures fell to the lowest in more than 10 months as Asian stocks dropped for a sixth day. U.S. equities slumped the most since December 2008 in the first trading session since Standard & Poor’s Aug. 5 downgrade. An Energy Department report tomorrow may show crude inventories climbed for a third week. Brent oil traded in London slipped below $100 for the first time since Feb. 8. “Until we can see some confidence coming back to the U.S. consumer, the situation is probably not going to change that much in t...xem thêm... -
Chinese businessmen join Vietnamese distribution chains
Chinese businessmen seem to get involved more deeply into Vietnamese distribution chains, which allows them to more effectively compete with Vietnamese enterprises in collecting farm produce, experts have warned. Many Chinese businessmen now do not any longer act simply as the partners who import products from Vietnam, but they have joined more deeply into the chains with Vietnamese businessmen. Thu, the owner of a private business which specializes in exporting fruits in Ben Tre province, has been rarely present at the packaging workshop. Thu has to regularly travel to neighboring provinces to seek to purchase fruits of different kinds. After collecting fruits, she carries products to her workshop in Ben Tre province, where the fruits are packaged before they are carried to the HCM Cit...xem thêm... -
Petrovietnam ties with Vietnam military firm on ammonia project
State oil and gas group Petrovietnam will establish a venture with a military firm under the defence ministry to produce ammonia that is expected to use natural gas from the disputed South China Sea as feedstock. The venture, 60% owned by Petrovietnam and 40% by the Hanoi-based General Army of Economic and Technology (Gaet), aims to produce 450,000 tonnes of ammonia a year and also 200,000 tonnes of ammonium nitrite using natural gas, Petrovietnam said in a statement on Thursday. It did not detail the gas supply but Petrovietnam has been taking natural gas and crude oil from offshore fields in the Cuu Long and Nam Con Son basins of the South China Sea. Ammonium nitrite and ammonia are used in fertiliser production. “Without help from the Defence Ministry’s forces it is tough for Pet...xem thêm... -
Euro hit by Portugal worries
Euro hit by Portugal worries...xem thêm... -
Gold May Drop as Strengthening Dollar, Chinese Rate Increase Erode Demand
Gold may decline in New York as a stronger dollar and higher interest rates in China curb demand for an alternative investment.<br /><br /> China said it will raise interest rates from tomorrow for the third time this year ...xem thêm... -
Hội thao truyền thống 2011
Một số hình ảnh của hội thao truyền thồng công nhân viên chức, lao động năm 2011 với sự tham gia của tập thể cán bộ viên chức Công ty cổ phần Cà phê PETEC...xem thêm...
CÔNG TY CỔ PHẦN CÀ PHÊ PETEC
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