Defending champion and world number two Park Sung-hyun of South Korea will be among the favorites at this week's LPGA Indy Women in Tech Championship. — AFP/VNA Photo WASHINGTON — Second-ranked defending champion Park Sung-hyun and World number three Lexi Thompson, the 2017 winner, will set the pace when the LPGA season resumes Thursday at the Indianapolis Motor Speedway. The third edition of the Indy Women in Tech Championship features a field of 132 players at Brickyard Crossing, a par-72 layout that includes four holes on the infield of the famed 2.5-mile (4km) oval where France's Simon Pagenaud won this year's Indianapolis 500 in May. After a three-week break for the Solheim Cup, in which Europe defeated the United States in Scotland, the world's top women's golfers return to America this week and next week in Texas, where Park is also defending champion, before the LPGA moves to Asia for events in Shanghai, South Korea, Taiwan and Japan. England's Bronte Law, … [Read more...] about No 2 Park, No 3 Thompson set LPGA pace at Indy
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A Military Bank (MBBank) office. The bank shares jumped 3.1 per cent following its Q3 profit report. — Photo baodautu.vn HÀ NỘI — Vietnamese shares scored higher on Monday as investors were eased by positive statements from the US and China about their trade relations. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.17 per cent to close at 993.57 points. It rose as much as 0.54 per cent during the day. The VN-Index gained total 0.43 per cent last week. Progress of the US-China trade talks helped keep investors’ sentiment positive in the first trading day of the week, Sài Gòn-Hà Nội Securities Co (SHS) said in its daily report. The US and China held a two-day discussion ending Friday (local time) in Washington and both sides came up with positive statements, showing their willingness to resolve the trade war. That helped shoot US stocks up strongly on Friday. But marketwatch agencies and … [Read more...] about Trade news, profit report boost VN markets up
404 - File or directory not found. The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable. … [Read more...] about Banks worth US$47 trillion adopt new U.N.-backed climate principles
Korean commercial banks are showing a steady growth in Vietnam (Photo: vietnambiz.vn) Hanoi (VNS/VNA) – The Republic of Korea’s banks are focusing more on Vietnam as the market emerges as a major source of earnings for them amid their slowdown from China. RoK banks are seeing their earnings in China decrease due to the prolonged trade between China and the US and the slowdown in economic growth rates. However, they are showing higher profits in the Southeast Asian region, including Vietnam, thanks to the RoK government’s New Southern Policy, the Business Korea newspaper reported. Korean commercial banks are showing a steady growth in Vietnam. Their net profits in Vietnam came to 131.80 million USD in 2018, showing a 116 percent rise (70.80 million USD) from 61 million USD in 2017, according to the data from the Financial Supervisory Service (FSS). Woori Bank Vietnam also saw its net profits surge 130 percent year-on-year to 8.17 billion won (6.83 … [Read more...] about RoK banks focus more on Vietnam for impressive growth
All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?