Construction and Industry Equipment Group Corporation

Construction and Industry Equipment Group Corporation

Construction and Industry Equipment Group Corporation News:

• Vietnam devalued Vietnam Dong since November
  The dong dropped 1.1 percent to 19,320 per dollar as of 11:22 a.m. in Hanoi, after touching a record-low 19,425 as the central bank lowered the reference rate by 2 percent. The Ho Chi Minh City Stock Exchanges VN Index dropped 1.7 percent to 455.49, extending its decline from the May peak to 17 percent, near the 20 percent that
• Vietnams economy continues to grow
  Vietnams economy will be stronger in the last months of this year and the countrys GDP is likely to reach 6.5% target or higher, said the government. The optimistic forecast was the monthly meeting of the Cabinet held July 3 to August 4 in Hanoi, write to discuss the first seven months of the talks for the rest of 2010.
• Fitch Downgrades Vietnam to B+
  "Vietnams sovereign creditworthiness has deteriorated on the back of weaker external finances and rising external financing requirements amid an inconsistent macroeconomic policy framework, a highly dollarized economy and a weak banking system," said Ai Ling Ngiam, Director in Fitchs Asia Sovereign team.
• Vietnam Business Most Confident in Asia
  The semi-annual HSBC Small Business Confidence Monitor looks into the six-month outlook of SMEs on local economic growth, capital expenditure plans and recruitment. This is the sixth and largest survey to date, capturing the views of more than 6,300 SMEs across the 21 markets in Asia, the Middle East, Europe, North America and Latin America.
• 10 Cheapest Stocks: Deepest Discounts
  Bonds, gold and the dollar have risen in 2010 as investors dumped stocks. The Bank of America Merrill Lynch Global Broad Market Index of bonds climbed 4.2 % in the first half of the year, while the precious metal increased 13 % to a record.
• VN-Index Edges Up But Fails to Test 500, Caution Prevails
  In sector, petro group posted the strongest gain of 1.6%, followed by communication and food and beverage up 1.4% and 0.9% respectively. Sugar companies have been performing well lately on the back of news that sugar prices will go up as demand in Thailand is increasing. SBT remained the speculative stock on the market whose prices hit ceiling price for
• VN-Index Undercuts 500 to 1 Month Low, Liquidity Drains On Caution
  Global markets were weak as the previous sessions short-covering rally dwindled, with sentiment stung after macroeconomic data from the United States pointed to a sluggish recovery in the economy and doubts about global economic growth persisted.
• Vietnam Stock Market Tips: Caution Needed
  AVS expects the market to slid, recommending traders to gradually take profit while long term investor to buy into strong fundamental stocks during correction. The broker mentioned the market talk ofDragon Capitals Vietnam Enterprise Investments Limited (VEIL) under pressure to divest and reads it as a reason for yesterdays market loss
• Investors Look For Opportunities in Q3
  With such an unclear trend market in June, investors move to look for opportunities in the third quarter as worries on EU debt crisis faded after Greece and Spain were able to sell their bonds well, China promised to strengthen their Yuan, and local positive economic data and solid corporate results.
• VN Index Falls On Profit Taking, Liquidity at 6 Week High
  The dramatic surge in volume in the redness indicated that sellers were more aggressive in taking profit and portfolio structuring was also active, and which is also supported by a massive buying into STB as foreign room opened. The global markets were weak last night despite Chinas promise to strengthen the Yuan indicated that the worry on the world market

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