Edition:
United Kingdom

Mai Nguyen

METALS-Most rise on China stimulus hopes, Trump's trade deal comment

15 Jan 2019

HANOI, Jan 15 Most base metals rose on Tuesday as China signalled more supportive measures to stabilise a slowing economy and U.S. President Donald Trump raised hopes of reaching a trade deal with Beijing.

METALS-Shanghai copper, aluminium edge down after weak Chinese trade data

15 Jan 2019

HANOI, Jan 15 Shanghai copper and aluminium inched down on Tuesday after weak Chinese trade data disappointed investors, although metals traded in London drew some support from U.S. President Donald Trump's comments on reaching a trade deal with China.

From Tibet to the 'Nine Dragons', Vietnam's Mekong Delta is losing sand

14 Jan 2019

MO CAY, Vietnam In the dead of night, the entire front half of shopkeeper Ta Thi Kim Anh's house collapsed. Perched on the sandy banks of the Mekong River, it took just a few minutes for one half of everything she owned to plunge into its murky depths. | Video

METALS-Base metals gain slightly amid U.S.-China trade hopes

12 Dec 2018

HANOI, Dec 12 Base metals were mostly up in a tight range on Wednesday, following U.S. President Donald Trump's upbeat comments about a trade deal with China, while the dollar held near a one-month peak against its peers.

Google studies steps to open representative office in Vietnam, government says

12 Dec 2018

HANOI Alphabet Inc's Google is studying steps toward opening a representative office in Vietnam, the government of the Southeast Asian nation said on its website, citing Google's Senior Vice President Kent Walker.

METALS-Most metals down on U.S.-China trade worries; zinc up

05 Dec 2018

HANOI, Dec 5 Most London base metals fell on Wednesday as trade tensions between the United States and China resurfaced, raising concerns over growth and future demand from top metals consumer China.

UPDATE 2-Vietnam's Vingroup to launch smartphones next week as part of tech push

03 Dec 2018

* Market is dominated by Samsung and Apple phones (Adds comment on VinSmart working with Qualcomm and Google, in paragraph 6)

Ex-chairman of Vietnam's BIDV bank arrested amid graft crackdown

29 Nov 2018

HANOI The former chairman of Vietnam's second largest listed bank has been arrested for alleged violations of banking regulations, the Southeast Asian country's public security ministry said on Thursday.

METALS-Copper rises after 3-day slide, trade uncertainty curbs gains

28 Nov 2018

Nov 28 Copper edged higher on Wednesday after declining for three straight sessions, while other industrial metals moved in tight ranges amid uncertainty over the direction of the U.S.-China trade war.

METALS-Nickel, zinc drop on weaker China demand; focus on Trump-Xi meeting

26 Nov 2018

(Recasts throughout, updates closing prices) By Mai Nguyen and Melanie Burton HANOI/MELBOURNE, Nov 26 Steel-linked metals nickel and zinc fell on Monday on expectations of weaker demand from Chinese steel mills. All other base metals declined amid caution ahead of trade talks between U.S. President Donald Trump and Chinese President Xi Jinping later this week. "The market started to be really concerned about the uncertainty of what the outcome will be from the U.S.-China trade talk," said analyst Helen Lau of Argonaut Securities. ZINC: Shanghai Futures Exchange zinc settled down 2.5 percent at 20,540 yuan ($2,958.63) a tonne, posting its biggest single-day drop since August, while London zinc fell 0.6 percent to $2,504 a tonne by 0709 GMT. NICKEL: London nickel traded 0.6 percent weaker but Shanghai nickel bucked the trend among base metals to settle up 0.2 percent. Nickel stockpile in LME warehouses is around a five-year low, at 214,188 tonnes . STEEL: Chinese iron ore futures tumbled and steel prices dropped as worries over weaker steel demand sustained a sell-off, with raw materials coking coal and coal also down sharply. TIN: Shfe tin settled 1.4 percent lower and LME tin slipped 0.1 percent amid rising stocks and expected weaker demand in China next year. DEMAND: Weaker Chinese demand is expected to move the global tin market into a surplus of 500 tonnes next year from a 7,500-tonne deficit in 2018, the International Tin Association said on Friday, while China's tin warehouse supplies hit 8,200 tonnes, the highest in more than a year and up by 73 percent from late August . CHINA GROWTH: China's economic growth is expected to hit 6.6 percent this year and slow to 6.3 percent in 2019 as the country struggles with challenges relating to trade and structural reform, economists from Beijing's Renmin University said. CHINA-U.S.: A G20 summit scheduled later this week in Argentina is expected to set a trade war turning point, when leaders from the two biggest economies meet to address trade tensions that have been increasingly hurting global growth. U.S. DOLLAR: The dollar held broad gains on Monday as investors sought shelter in the world's most liquid currency on fears of a slowdown in global economic growth and as U.S.-Sino trade tensions sapped risk appetite. A stronger dollar makes it more expensive to import greenback-commodities into countries using other currencies. PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.9424 Chinese yuan) (Reporting by Mai Nguyen in Singapore and Melanie Burton in Melbourne; Editing by Subhranshu Sahu)

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