• March 19, 2024

Rate cuts halt EUR/USD fall

Over the past few days, the euro has finally broken out of its weeks-long slump against the dollar. Federal Reserve Chairman Ben Bernanke announced on Tuesday that the Fed would be taking the unprecedented act of buying three-month commercial paper, and today, central banks around the world made coordinated reductions in the target lending rate.…

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Vietnam Real Estate Market

At a seminar in Hanoi last week, banking officials said the real estate market’s stagnation has increased the risk of default by developers, most of them are not strong enough financially. They said more bad loans would surface if the market continued its stagnancy. It is estimated that 60% of the capital for real estate…

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