VFA: Rice Exports Down 9.72 Pct Against 2011February 23, 2012 (Vietnamica) — According to the Vietnam Food Association (VFA), the country would export 6.5 million tons of rice this year, down 9.72 percent against 2011. The domestic rice market would undergo a tough year of 2012 due to domestic costly large stockpiles, price competition, and reduced global rice trading (VNS, Feb. 15).
February 21, 2012 (Vietnamica) — U.S. dollar gold bullion prices spiked to $1747 an ounce Tuesday lunchtime in London – a 1.3% gain on last week’s close – as US Markets re-opened to the news that European finance leaders have agreed to bail out Greece. Silver bullion also spiked, hitting $33.97 per ounce – 1.9% up on the start of the week.
February 21, 2012 (Vietnamica) – Was the People’s Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter…? So those militant crazies known to the mainstream media as “gold bugs” – and to the FBI as subversives – got the headline they’ve been longing for, apparently, last week.
India’s Bajaj Explores Collaboration Opportunities in VietnamFebruary 19, 2012 (Vietnamica) — The Bajaj Group – founded in 1926- is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two-wheelers and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance.
February 17, 2012 (Vietnamica) — Wholesale market prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece. Last night’s phone-conference of Euro politicians said that Greece must accept extra budgetary oversight if it is to get the extra bail-out funds to meet March’s critical bond-repayment deadline.
February 3, 2012 (Vietnamica) – The wholesale-market gold price slipped 0.5% from a new 8-week high in London Thursday morning, while global stock markets stalled after a 3-day rise and commodities also edged back. The Euro fell from $1.32 on the forex market for the third time this week after chief finance minister Jean-Claude Juncker said new proposals for stemming the currency zone’s debt crisis – agreed at a summit on Monday – were “largely insufficient”.
