Oil prices rose in thin trade in early Asian hours on Monday as the U.S. dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer. Brent crude futures rose 85 cents, or 0.9%, to $92.48 a barrel by 0019 GMT, recovering …
Read More »Storm Nesat strengthens as it heads for Vietnam
Storm Nesat lay centered 600 km to the northeast of the Paracel Islands on Monday morning, stronger than when it entered the East Sea the previous afternoon. At 7 a.m., the storm’s maximum wind speed was 133 kph, 16 kph strong than what was recorded on Sunday, according to the …
Read More »Thousands take to the streets of Paris to protest soaring prices
Thousands of people took to the streets of Paris on Sunday to protest against soaring prices as weeks of strikes for higher wages at oil refineries spurred demands for a general strike. The leader of hard-left party La France Insoumise (France Unbowed), Jean-Luc Melenchon, marched alongside this year’s Nobel Prize …
Read More »Analysis: Indonesia’s defences start crumbling against relentless dollar
Indonesia’s currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia’s largest economy is finally starting to crack after months of remarkable resilience against global headwinds. Despite its history of merciless market drubbings during times of global economic stress, Indonesia …
Read More »Oil bounces higher as U.S. dollar’s strength eases
Oil prices rose in thin trade in early Asian hours on Monday as the U.S. dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer. Brent crude futures rose 85 cents, or 0.9%, to $92.48 a barrel by 0019 GMT, recovering …
Read More »Central Vietnam flooding death toll rises to 10
Six more people including four children have been confirmed dead due to flooding from Friday night in central Vietnam, raising the number of fatalities to at least 10. Among the victims are two students who lived in areas flooded by nearly two meters in Da Nang’s worst-hit Lien Chieu District. …
Read More »Vietnam’s biggest airport in the making still stuck at site clearance
Construction of Vietnam’s biggest airport to be has slowed down with 70 ha of land yet to be transferred to contractors. Of the 2,532 ha of land earmarked for the first phase of the Long Thanh International Airport in Dong Nai Province that borders HCMC, the contractors have received 2,459 …
Read More »Storm Nesat enters East Sea with 117 kph winds
Storm Nesat entered the East Sea packing winds of 117 kph on Sunday afternoon and is expected to get stronger as it approaches the north central Vietnam. The storm lay centered 950 km east-northeast of the Paracel Islands at 4 p.m. on Sunday and is moving in the west-northwest direction …
Read More »Storm Nesat enters East Sea
Packing winds of 117 kph, Storm Nesat entered the East Sea Sunday afternoon and is expected to get stronger under a cold spell’s impacts. According to the National Centre for Hydro-Meteorological Forecasting, at 4 p.m. on Sunday, the eye of the storm lay 950 km east-northeast of the Paracel Islands …
Read More »Rapid urbanization delivers Da Nang’s ‘worst flooding ever’
Excessive runoff and a drainage system designed for lower rain volume are blamed for the “unprecedented” flooding of Vietnam’s central hub on Friday night. Under the impacts of Storm Son Ca, which devolved into a tropical depression offshore Friday night, Da Nang received rainfall of up to 795 mm from …
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