HONG KONG — Oil prices fell further in Asian trade Wednesday, tracking losses across equities and currency markets as fresh fears about the impact of Britain’s exit from the EU sent investors fleeing high-risk assets. A warning from the Bank of England that there was evidence risks from the June 23 Brexit vote "have begun to crystallise" sent shudders through world markets, with the pound diving to levels not seen since mid-1985 and stock markets diving. The uncertainty unleashed by Europe’s second biggest economy leaving the European Union battered the oil market this week, with Brent diving 4.3 percent and West Texas Intermediate shedding 4.9 percent on Tuesday. On Wednesday the contracts extended the losses. At 0330 GMT Brent was down 30 cents, or 0.63 percent, at $47.66, while WTI eased 33 cents, or 0.71 percent, to $46.27. The two are well down from the levels above $52 touched at the start of last month. "Uncertainties and concerns over how Brexit will … [Read more...] about Oil losses mount as world markets hit by Brexit woe
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Brexit vote, UK political confusion rattles world markets for second day
LONDON, June 27 - Britain's vote last Thursday to leave the European Union continued to reverberate through financial markets on Monday, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. LONDON, June 27 - Britain's vote last Thursday to leave the European Union continued to reverberate through financial markets on Monday, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. UK finance minister George Osborne said early Monday that the British economy was strong enough to cope with the market volatility caused by last week's "Brexit" referendum which has resulted in the biggest blow since World War Two to the European goal of forging greater unity. "Our economy is about as strong as it could be to confront the challenge our country now faces," Osborne told reporters. "It … [Read more...] about Brexit vote, UK political confusion rattles world markets for second day
Brexit vote, UK political confusion keep world markets on edge
Britain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. A still image from video shows Britain's Prime Minister David Cameron speaking to the House of Commons about the recent EU referendum in central London, Britain June 27, 2016. UK finance minister George Osborne said early Monday that the British economy was strong enough to cope with the market volatility caused by last week's "Brexit" referendum which has resulted in the biggest blow since World War Two to the European goal of forging greater unity. "Our economy is about as strong as it could be to confront the challenge our country now faces," Osborne told reporters. "It is inevitable after Thursday's vote that Britain's … [Read more...] about Brexit vote, UK political confusion keep world markets on edge
Vinacafé Conquering World Market
Vinacafé Conquering World Market The Vinacafé Bien Hoa Joint-stock Company (Vinacafé) has a mission of only brining the best essence by nature to consumers, which has been an advantage of the company and helped it set a firm and bold foothold in the Vietnamese market as well as succeed in exporting products to over 20 foreign markets. Vinacafé has been recognized as a prestigious trademark in Vietnam by the Vietnam Trade Promotion Department Agency (VIETRADE), strong trademark by the Vietnam Economic Times, famous trademark by the Vietnam Chamber of Commerce and Industry (VCCI) and the U.S.-based AC Nielsen Company, WIPO 2005 international prize for the most outstanding company in terms of intellectual property, and one among 30 leading trademarks selected by the government of Vietnam to the National Trademark Programme (Vietnam Value). The Bien Hoa city-based Vinacafé was formerly a constant coffee factory that was set up in 1969 with an … [Read more...] about Vinacafé Conquering World Market
Challenges Facing SMEs on the Road to World Markets
Challenges Facing SMEs on the Road to World Markets Vietnam has fully engaged in the trade liberalisation progress of ASEAN with other countries and regions in the world. This process creates not only opportunities but also difficulties and challenges for Vietnamese enterprises, especially in 2015 when the ASEAN Economic Community is established and provides a broad market with about 600 million consumers and a business community with tens of millions of small and medium-sized enterprises (SMEs). Numerous opportunities, enormous challenges At a recent workshop entitled “Vietnamese SMEs and ASEAN market opportunities with free trade agreements" jointly organised in Hanoi by the Foreign Office of the United Kingdom, the International Institute for Sustainable Development (IISD), the ASEAN Business Advisory Council (ASEAN BAC), the Vietnam Chamber of Commerce and Industry (VCCI), and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Dr Doan Duy Khuong, VCCI Vice … [Read more...] about Challenges Facing SMEs on the Road to World Markets