Asian currencies strengthened, led
by gains in South Korea’s won and Malaysia’s ringgit, on
optimism European leaders will take decisive action to tackle a
regional debt crisis that’s spurred demand for dollars. SEE MORE Copper, the bellwether for all base metals, is sensitive to the changes
in world economic outlook. No surprise, then, that this growth-sensitive
commodity sank to its lowest in 10 months, triggered by the US Fed
missive on the economy’s downward risk, debt concerns in Greece, Spain
and now Italy, slowing industrial output in the euro zone and global
market turmoil. Where is the chance of recovery of market sentiment when
developed countries are turning increasingly anaemic and growth
projections for emerging economies are shaved because of capacity
constraints, infrastructure limitations and tightening of money supply? SEE MORE The dollar and the yen declined
against higher-yielding currencies as stocks rallied around the
world on optimism European leaders are nearing an agreement to
contain the debt crisis, damping demand for refuge assets. SEE MORE HA NOI — Ha Noi's consumer price index (CPI) rose by 0.2 per cent in
September against last month – a 21.74 per cent increase over the same
period last year, the Ha Noi Statistics Office announced yesterday. SEE MORE Several partners in Thach Khe iron ore mining project,
in Ha Tinh province, have yet to make good on their funding pledges,
threatening the entire project.SEE MORE
