An Binh Commercial Joint Stock Bank (ABBank) has lately confirmed that Electricity of Vietnam (EVN) Group would lower the holdings ratio in ABBank to 20 percent but would still remain the strategic partner in the bank. At present, EVN has kept 25 percent of total capital in ABBank. The bank’s other large shareholders including Maybank, [...]
Both the precious metals, silver and gold, bounced back today on fresh buying by stockists and jewellers at existing lower levels amid a firming global trend. While silver staged a comeback and recovered sharply by Rs 1,200 to Rs 50,300 per kg on increased offtake by industrial units, gold rose by Rs 70 to Rs 27,410 per [...]
Gold futures recovered by Rs 231 to 27,067 per 10 grams today, as speculators created fresh positions driven by a firming global trend. At the Multi Commodity Exchange, February gold rose by Rs 231, or 0.86%, to Rs 27,067 per 10 grams, with a business turnover of 4,699 lots. The April delivery moved up by [...]
How will gold, Silver and other precious metals perform in 2012? Year-end predictions by experts with decades of experience in buying and selling gold, silver and other bullion coins with the public almost unanimously point toward price increases. However, some of their opinions significantly vary on how high the increases will go in the next three months [...]
With the move below $1535 this morning Gold has confirmed that it is still moving down into a D-Wave bottom. There has been some question as to whether or not the D-Wave had bottomed in September. The penetration of that intermediate low this morning confirms that the D-Wave did not end during the overnight sell off on [...]
Spot gold is ending 2011 on a weak note after ten consecutive annual gains, heading for its first quarter of losses in more than three years and a new year likely to be dominated by worries about economic growth and sovereign debt. U.S. gold rose more than 1 percent on Friday, as sharp falls in [...]
The story that SME Securities Co was suspended in payment operations in December raised the question “how many securities brokerages may face similar situation?” Measuring bankruptcy danger of companies is not easy, especially finance companies whose corporate finance are not declared. These firms usually use items outside the balance sheet. The article author used Z-score [...]
The Hanoi Stock Exchange this afternoon December 29 announced the results of the initial public offering (IPO) of the Bank for Investment and Development of Vietnam (BIDV). Accordingly, 84,754,146 shares of BIDV’s IPO were bought up with the average auction price at 18,583 dong/share, higher than the starting price of 83 dong/share. Specifically, there were [...]
Hanoi Department of Construction has recently said that currently, the capital city is carrying out investment and construction for 10 hostel projects for over 43,600 students and eight dormitory projects with nearly 8,500 apartments for low-income earners. In addition, the city is also conducting social house construction and put into use for 500 apartments for [...]
Gold futures rose Friday in early afternoon trade in East Asia, moving back from a string of recent losses for the precious metal. Comex-traded gold for February delivery rose to $1,555.70 an ounce, up from its New York settlement of $1,540.90 Thursday. Friday’s gains follow a week-long trend that saw investors selling precious metals ahead of [...]
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