Billion

Stocks rally in HCM City, stall in Hanoi

Stocks on the HCM City Stock Exchange managed to close in positive territory on Feb. 3, but shares plunged on the Hanoi bourse due to heavy profit-taking.

Facebook worth $94B, private market says

A private market transaction completed Thursday may provide us with best the answer yet

Panasonic headed for record $10 billion annual loss

Japan's Panasonic Corp warned of a record annual $10.2 billion net loss, joining beleaguered rivals Sony and Sharp in a sea of red ink

Blue chips help lift HCM City indices

The benchmark VN-Index on the HCM Stock Exchange passed 400 points on Feb. 2, closing at 401.61, a 2.8 percent rise over the previous trading session.

Facebook friends Wall Street with planned $5 bn IPO

Investors have come down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street

Japan's Sony more than doubles net loss forecast

Japanese entertainment giant Sony more than doubled its full-year net loss forecast to US$2.9 billion, a day after announcing that its president and CEO Howard Stringer would step aside

Ministry seeks to raise poor's income

The Ministry of Labour, War Invalids and Social Affairs sets the target for this year to increase the incomes of households in poverty by 160 percent over last year's levels,

Market ends the month up

HCMC – The local market kept rising in the final session of January on Tuesday but at a modest pace given falling demand towards the end of the session. The VN-Index gained 3.03 points, or 0.79%, against the day earlier to close at 387.97.

Christie's 2011 art sales hit record

Christie's shrugged off the euro zone crisis and slowing economic growth in 2011 to post record revenues, selling art worth 3.6 billion pounds, or nine percent more than in 2010