News & Events


Saudi Arabia raises Arab Light oil price to Asi

DUBAI (Reuters) – Saudi Arabia has raised the price of its flagship Arab Light crude oil for customers in Asia, who buy more than half of its crude exports, by $1.25 a barrel for April, while cutting prices for its heavy crude for European buyers, state-run Saudi Aramco said on Sunday.

Oil below $107 after US, Israel meet on Iran

SINGAPORE – Oil prices hovered below $107 a barrel Tuesday in Asia after U.S. and Israel leaders met to discuss growing tensions over Iran's nuclear program. Benchmark oil for April delivery was down 2 cents to $106.70 at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 2 cents to settle at $106.72 per barrel in New York on Monday.

Restructuring of Vietnam’s economy: vital for investment growth

The restructuring of Vietnam’s economy “will not be an easy task,” since it will affect many group and individual interests, concluded leaders, economists and businessmen at a seminar held in Hanoi on Dec 16.

Challenges abound for exports to U.S.

HCMC – Two-way trade between Vietnam and the U.S. has recorded impressive growth since their Bilateral Trade Agreement (BTA) became effective in December 2001, but local exporters will face challenges ahead to compete in the U.S. market.

BIDV to cut lending rates for fifth time

HANOI – Bank for Investment and Development of Vietnam (BIDV) will continue lowering lending rates to the 14.5-15.5% range next week for exporters, agricultural firms, and small and medium enterprises, marking the fifth such move by the State-owned bank in four months.

BP $7 billion deal selling stake in Argentina's Pan American Energy flops

BP's ( BP.L ) $7 billion deal to sell its stake in South America's Pan American Energy has collapsed because of legal issues, the would-be Chinese and Argentine buyers said on Sunday.
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