Importers reap profits as world gas prices fall

Petroleum importers have made a windfall profit of VND700-800 (US.033-0.038) per liter of oil over the past month as world oil price falls have not been fully reflected in retail prices.

Petroleum importers have made a windfall profit of VND700-800 (US.033-0.038) per liter of oil over the past month as world oil price falls have not been fully reflected in retail prices.

China will soon surpass Japan to be the biggest consumer of IT products and services in the Asia-Pacific region, according to a new report.

The 25th world gas conference will be held here June 4-6 with the participation of Iranian companies.

The Japanese government raised Friday its overall view of economy for the first time in nine months.

The Hushen 300 Index reflecting the performance of China’s Shanghai and Shenzhen stock exchanges closed at 2,573.98 points on Friday, down 39.97 points, or 1.53 percent, from the previous close.

The Chinese currency Renminbi, or the yuan, lost 95 basis points to 6.3205 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

U.S. stocks erased early gains and ended negative on Tuesday as worries over prolonged Greek political turmoil and debt woes overshadowed a better-than-expected reading on the euro zone’s broad economy.

An executive of an insurance firm said only a few Filipinos plan for their retirement.

The Philippine Stock Exchange (PSE) is set to conduct FREE stock market seminars in the cities of Cebu and Davao to spur investor awareness and boost local participation in the stock market.

Tokyo stocks opened lower Tuesday with the key Nikkei index dropping 0.66 percent.













