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NOTHING IS PERMANENT EXCEPT CHANGE

  • The proposed U.S. tariffs on an additional $200 billion in Chinese goods, if implemented, could harm the world's second-largest economy, said Piyush Gupta, CEO of Singapore’s DBS Bank.
  • That’s because the targeted Chinese goods include a greater number of finished products, which can be replaced by similar ones from other sources, he said.

OTHER NEWS

Investors pulled $12.4 billion from global stock-focused funds in June, the highest level since October 2008 amid the worst of the financial crisis. A slowing global economy is spooking some investors as are fears of a trade war. Emerging market stocks soared in 2017 but have slumped in 2018, adding to the outflow of investor […]

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