Wednesday , November 6 2024

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Dollar hits 20-year high as data support aggressive Fed

Dollar hits 20-year high as data support aggressive Fed

The dollar index vaulted to a 20-year high on Thursday, and notched a 24-year peak against the rate-sensitive Japanese yen, after U.S. data showed a resilient economy, giving the Federal Reserve more room to aggressively hike interest rates to quell inflation. The U.S. currency firmed after a government report showed …

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EU mulling energy price caps, measures to cut power demand

EU mulling energy price caps, measures to cut power demand

The European Commission is looking into options to cap energy prices and cut electricity demand as part of its upcoming proposals to tackle soaring energy costs, a senior European Commission official said on Thursday. Russia has slashed gas deliveries to Europe since Moscow attacked Ukraine, which has sent gas prices …

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Expressway between Ha Long Bay and China border opens

Van Don – Mong Cai Expressway, a section of a 176-km route linking Ha Long Bay with the Chinese border at Mong Cai, opens to traffic Thursday. The expressway, which runs more than 80 kilometers (50 miles) across northern Quang Ninh Province, connecting Van Don Economic Zone and Mong Cai …

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Section of Vietnam’s longest expressway opens

Van Don – Mong Cai Expressway that connects Van Don Economic Zone and Mong Cai Town bordering China enters service on 3 p.m. Thursday. The expressway, which runs more than 80 kilometers (50 miles) across northern Quang Ninh Province, will be open for free in one month. It connects with …

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