Vietnamese shares finished lower yesterday, erasing gains in the earlier session, as energy firms extended losses following another drop in crude prices. SEE MORE Potash and phosphate are both used to produce fertilizers, which are becoming increasingly important as demand for food grows. SEE MORE The World Bank is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows. SEE MORE The Vietnam Biofuel Association has petitioned the Government to replace RON92 gasoline with E5 bio-fuel in eight provinces and cities in a roadmap towards using the bio-fuel nationwide. SEE MORE With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5% retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the local economy as a whole. SEE MORE
