A reticulated python was found on a tree at a HCMC high school and subsequently handed over to forest rangers. The female python, two m long and weighing five kg, was found at the Duong Van Thi High School in Thu Duc City. A reticulated python captured at the Duong …
Read More »Six jailed for faking Covid test results, travel papers
Six people in central Vietnam’s Binh Thuan Province received jail terms for forging travel papers and Covid-19 test results following an outbreak last year. Diep Tu Hieu, Tran Xuan Dat and Nguyen Phuoc each received two-year sentences, while Nguyen Tung Lam, Vo Duy Tan and Kieu Minh Hoa received one …
Read More »Analysis: Japan is chasing its tail on yen intervention
As Bank of Japan steps into currency markets for the first time in decades to defend a battered yen, it’s facing many problems like its commitment to ultra-easy monetary settings. Thursday’s sudden burst of yen-buying intervention by Japanese authorities — the first instance since 1998 – caused a large 6 …
Read More »Man arrested for setting dog on neighbor
A man in Da Nang was arrested Thursday after making his pit bull attack a neighbor. Tran Dinh Thao, 46, was arrested for “deliberate infliction of bodily harm upon another person,” police of Son Tra District said. Two others, Dang Van Ngoc, 36 and Truong Anh Tam, 39, are also …
Read More »EU watchdog proposes emergency brake for energy markets
A temporary brake on gas and electricity derivatives when prices spike could improve how energy markets operate, the EU’s watchdog proposed on Thursday, along with more fundamental changes over time. The European Securities and Markets Authority (ESMA) said the number of trading halts in energy derivatives has been very low …
Read More »Asia Coffee-Vietnam market tepid ahead of new crop season, low supplies in Indonesia
Coffee trading remained subdued in Vietnam this week due to a lack of beans, with traders awaiting the new crop season that starts next month. Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold beans COFVN-DAKat VND46,900-47,200 ($1.98-$1.99) per kilograms, down from last week’s VND47,000-48,200 range. “Trade is muted …
Read More »Boeing to pay $200 mln to settle US charges it misled investors about 737 MAX
Boeing Co will pay $200 million to settle charges by U.S. Securities and Exchange Commission that it misled investors about its 737 MAX after two fatal crashes killed 346 people. Boeing knew after the first crash that a flight control system posed a safety issue, but assured the public that …
Read More »Poorer nations face rising debt servicing costs in 2024: report
Some of the nations most vulnerable to climate change, including Vietnam, face a sharp rise in debt service payments in the coming two years, a research report found. The Vulnerable Group of Twenty (V20) – a group of 55 economies exposed to the fallout from climate change – expect debt …
Read More »Central banks raise rates again as Fed drives global inflation fight
Global central banks continued raising interest rates on Thursday, following the U.S. Federal Reserve in a fight against inflation that is sending shockwaves through financial markets and the economy. Japan, the outlier among major developed economies, kept interest rates steady on Thursday only to be punished as traders pushed the …
Read More »US mortgage rates rise to 6.29%, highest in 14 years
U.S. 30-year fixed-rate mortgages rose to 6.29% on Thursday, the highest level since 2008, according to Freddie Mac’s mortgage market survey. Last week, rates averaged 6.02%. A year ago, home buyers enjoyed rates of 2.88%. The Federal Reserve’s aggressive monetary policy tightening, including a 75 basis point hike announced on …
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