Frontier market Vietnam has the right strategy to make it a foreign direct investment hotspot, according to one strategist. The Vietnamese government has recognized that “instability isn’t going to attract foreign direct investors” Andy Ho, chief investment officer at VinaCapital Vietnam Opportunity Fund, told CNBC’s “Squawk Box Europe” Wednesday. “Over the last five to 10 […]
Read moreAfter years of doubtful turnaround efforts at U.S. insurer AIG, earnings may have finally hit bottom and present a possible buying opportunity, according to UBS. “When Brian Duperreault joined the company about a year ago as the new CEO, we were supportive of his strategy to invest in talent and make changes to position AIG […]
Read moreEuropean leaders said Thursday they will do their utmost to protect the region’s companies from the adverse effects of U.S. sanctions on Iran as they met at a European Union (EU) summit. President Donald Trump’s decision to withdraw from the Iranian nuclear deal will not only see sanctions re-imposed on Tehran, although the extent of […]
Read moreThe European Commission will take France, Germany, Hungary, Italy, Romania and Britain to the EU Court of Justice for failing to respect air quality limits, the EU executive said on Thursday. The move follows a summit in January in which the Commission said it would get tough on member states that were still in breach […]
Read moreWASHINGTON — Senate Democrats narrowly won a vote on Wednesday to save so-called net neutrality rules that ensure unobstructed access to the internet. The Senate passed a resolution in a 52-47 vote to overturn a decision last December by the Federal Communications Commission to dismantle Obama-era rules that prevented broadband providers like Verizon and Comcast […]
Read moreTop proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company’s response to problems like election interference and harassment. Facebook has come under scrutiny over the way it handles personal data […]
Read moreWalmart on Thursday reported fiscal first-quarter earnings that beat expectations on the top and bottom lines, as its e-commerce business rebounded. After a disappointing e-commerce performance last quarter, Walmart said U.S. online sales grew 33 percent. The rise implied its investment, namely in online grocery and its website design, is paying off. Here’s how the […]
Read moreGold is losing its luster. The metal has fallen 5 percent in the last three months as the U.S. dollar has gained ground, in turn depressing gold prices. The commodity hit a fresh 2018 low Wednesday. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC’s “Trading Nation” that the bottom […]
Read moreMicrosoft has unveiled a new Xbox controller with customizable features for disabled gamers. The company’s new accessible device is targeted at users with a range of physical disabilities, and is set to launch later this year. Tailor-made controllers for disabled people are near non-existent in the gaming world. Several charities have been set up to […]
Read moreA Chinese-backed plan for Cambodia to build the Mekong River’s biggest dam would destroy fisheries that feed millions and worsen tensions with Vietnam, the downstream country with most to lose from dams on the waterway, according to a three-year study commissioned by the Cambodian government. The report, posted this month on the website of the […]
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