Ukraine's currency lost nearly 5 percent of its value on Monday after a weekend that saw the heaviest shelling in a month hit the main rebel stronghold in the east and signs that Moscow had dispatched troops and tanks to reinforce separatists. The prospect that a two-month-old ceasefire could collapse and all-out war return to eastern Ukraine has weighed down the economy and helped drive the currency 12 percent lower since the central bank abandoned an unofficial peg a week ago. The country of 46 million people is near bankruptcy, dependent on international loans, and deeply in debt for natural gas to Russia, the former imperial master it accuses of waging war on behalf of separatists on its territory. The central bank offered to sell dollars on Monday at 15.2 hryvnias to the dollar, an all-time low and 4.8 percent lower than the last auction on Friday. The bank abandoned a peg of 12.95 to the dollar a week ago, leaving the currency in free-fall. It said on Monday it believed the fall … [Read more...] about Ukraine’s currency plunges as ceasefire fears grow
Which currency has the lowest value
The Hanoitimes - The November Market Review by global rice market news provider Oryza has shown that that the price of Vietnamese rice remains the most expensive across Asia. By Tuan Minh … [Read more...] about Price of Vietnamese rice remains the most expensive
The mantle of biggest robusta grower isn’t enough for Vietnam. It wants to be known as an instant coffee maker, stocking tins and jars on shelves across the world. Nestle SA and Olam International Ltd. have already invested in coffee-processing facilities in the country to tap into surging instant-coffee demand as Vietnam seeks to boost export earnings by shipping more processed products. About 15 percent of its total output will be used to make the soluble variety by 2020, about three times the current level, according to the Agriculture Ministry. Global instant coffee consumption surged 62 percent in the past decade, beating a 20 percent increase in roasted and ground beans, U.S. Department of Agriculture data show. Annual demand will rise about 3 percent in the next three to five years, Olam estimates, amid growing appeal in emerging markets for the ease of getting a brew ready by simply adding hot water. “In Asia especially, the convenience of instant coffee is … [Read more...] about Instant coffee demand brings Vietnam up the caffeine value chain
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes. The currencies of emerging nations in Asia have especially suffered in recent weeks from market speculation that the US Federal Reserve will lift interest rates this year -- possibly as soon as September. According to Societe Generale analyst Kit Juckes, those countries "fear a resumption of significant capital outflows if the Fed does raise rates next month, as well as fear of further (yuan) weakness and concern about the sluggish pace of global growth" -- all of which are strengthening the dollar, euro and yen. Other factors, including slumping prices of oil and natural gas -- exports that many emerging economies rely on heavily -- are also pulling currencies lower or prompting governments to let their value drop. On Thursday, Kazakhstan decided to cease intervention to support the … [Read more...] about Emerging economies let currencies slide to stay competitive
VietNamNet Bridge - Experts believe that the most important factor that may have a negative impact on the stock market is the exchange rate fluctuation. After the crude oil price in the world market dropped to $40 per barrel following OPEC’s meeting in early December, securities investors have predicted a gloomy future for oil & gas shares, including GAS of the Gas Corporation. To date, GAS remains among the shares with the highest capitalization value in the market which has influences on the VN Index. With the closing price at VND40,300 per share on December 4, its capitalization value has dropped to $3.39 billion, just equal to 1/3 of that in July 2014, when the GAS market price climbed to VND120,000 per share. The shares of the companies in the energy sector are believed to top the list of factors which have negative impact on the stock market in 2016. In such circumstances, investors have every reason to think the IPO (initial public offering) to be made by … [Read more...] about How will the stock market perform in 2016?