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Vietnam attracts more Japanese investments

HANOI / WAM Vietnam is attracting more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI), the state news agency VNA reported. Phase VIII of the initiative, launched in 2003, concluded in March 2023, under which 497 out of the 597 items were completed. To promote its role, the Vietnamese Ministry of Planning ...

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Sea makes changes to deliver profits over long haul

BLOOMBERG Sea Ltd has made the changes it needs to deliver profits over the long haul, billionaire founder Forrest Li said in a memo to staff, assuring workers who had survived months of steep job cuts that the worst is over. The Asian internet giant’s first-ever quarterly net profit marks a turning point for the company, the chief executive officer ...

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Stocks decline, bonds rally as banking stress deepens

BLOOMBERG European stocks decline and US equity futures retreated as the emergency weekend sale of Credit Suisse Group AG to UBS Group AG failed to soothe market jitters over the health of the banking system. Investors turned to the safest assets, spurring gains in Treasuries, while gold rose on haven demand. The Stoxx Europe 600 index dropped 0.7%, with a ...

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