Vietnamese President Vo Van Thuong resigns amid high-profile corruption scandal
Post AMUGE
March 20, 2024
Business a.m. The Communist Party of Vietnam has announced the resignation of President Vo Van Thuong, after serving just over a year in office. This comes as the country’s anti-corruption campaign has intensified, leading to the resignation of several high-ranking officials. In a statement, the Communist Party’s central committee noted that the violations of President […]
Hobbled by coronavirus, China’s first-quarter GDP shrinks for first time on record
Businessam StaffApril 17, 2020
China’s economy contracted for the first time on record in the first quarter as the coronavirus shut down factories and shopping malls and put millions out of work. Gross domestic product (GDP) fell 6.8% in January-March year-on-year, official data showed on Friday, a slightly larger decline than the 6.5% forecast by analysts and reversing a […]
How hidden China lending risks emerging markets economies
Businessam StaffMarch 31, 2020
About $200 billion of emerging-markets debt owed to China has gone unreported in official statistics in recent years By WSJ A hidden pile of debt threatens dozens of emerging-market countries as the global economy stalls and commodity prices tumble. An estimated $200 billion of emerging-market debt owed to China has gone unreported in official statistics […]
Coronavirus slows China’s efforts in global aviation boom
Businessam StaffJanuary 29, 2020
China’s growth has helped power a global aviation boom over the last decade, but as the country curtails travel in the face of a new coronavirus, a slowdown could hit the industry harder than ever before. United Airlines Holdings Inc, Air Canada, Cathay Pacific Airways Ltd and Finnair Plc are among the carriers that have already canceled […]
Trade deal: US pushes India to buy $5-6 billion more farm goods
Businessam StaffJanuary 24, 2020
The United States wants India to buy at least another $5-6 billion worth of American poultry and farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession. US President Donald Trump cited trade barriers last year when removing India from its Generalized System of Preferences (GSP) program that allowed zero […]
Trump says U.S., China to announce new venue to ink trade deal soon
Businessam StaffOctober 31, 2019
U.S. President Donald Trump said on Thursday the United States and China would soon announce a new site where he and Chinese President Xi Jinping will sign a “Phase One” trade deal after Chile canceled a planned summit set for mid-November. “China and the USA are working on selecting a new site for signing […]
Trump vows China trade deal will help farmers
Businessam StaffOctober 28, 2019
President Donald Trump again Monday said a trade deal is imminent with Beijing which will help American farmers hurt by retaliation in the grinding conflict between the economic powers. “We’re looking probably to be ahead of schedule to sign very big portion of the China deal, and we will call it to phase one,” Trump […]
Gulf countries climb World Bank business climate rankings, Latin America fades
Businessam StaffOctober 24, 2019
Gulf countries led by Saudi Arabia sharply improved their rankings in the World Bank’s latest Doing Business report, while Latin American countries largely lagged in reforms and New Zealand took the top spot for the fourth year in a row. The report released in Washington late Wednesday night ranks countries on their business climates, and […]
China says it hopes to reach phased trade pact with U.S. as soon as possible
Businessam StaffOctober 17, 2019
China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners. A phased agreement would help restore market confidence and reduce uncertainty, ministry spokesman Gao Feng told reporters, adding that […]
Shanghai stock exchange unveils new system to aid company monitoring
Businessam StaffSeptember 3, 2019
China’s stock exchange rolled out a “company portrait” system Monday, aiming to better monitor publicly listed companies using technology. The company portrait system, adopted at the Shanghai Stock Exchange, provides detailed information on publicly listed companies’ regulatory filings, financial reports, stock prices, news, shareholders and risk scanning, business a.m gathered. According to news reports, the […]