When the Fed slashed its benchmark interest rate to near zero, the USD was anticipated to lose its appeal. Notwithstanding, in times of uncertainty a rush for cash shook the financial system, as investors hunkered down for a prolonged economic stall, taking the recent market turmoil into a new, more troubling liquidation phase. The demand for the dollar, and safe-haven assets in general, is running ahead of the Fed’s stimulus moves. … [Read more...] about Trade raises demand for stable VND
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Dantri readers support poor family in Can Tho City
Huynh Van Nghieu from Tan Binh Hamlet was in the last stage of rectal cancer. Due to expensive treatment and hopeless condition, Nghieu returned home and used herbal medicine instead. Nghieu said he couldn't be saved anymore but he was worried about his children's future. After their story was published, many people have called and donated to help the family. Unfortunately, Nghieu died on March 26. Ly Hong Loi, vice chairman of Giai Xuan Commune People's Committee visited and lit incense for Nghieu. Nguyen Thi Tiep, Nghieu's wife, said his health deteriorated quickly and became especially worst since March. Their oldest child is in first grade and the youngest is 18 months old. Dantri representative and Ly Hong Loi then transferred VND78,890,000 donated by the readers to Tiep and her children. Hoi said he hoped that the children will be able to keep going to school as Nghieu had wished. Tiep cried upon receiving the money. "Thank you, everyone, for helping us in the past weeks, … [Read more...] about Dantri readers support poor family in Can Tho City
Japan businessman paid US$8.2 million by Tokyo Olympics bid lobbied figure
Since 2015, French prosecutors have been investigating Diack, formerly the head of the international body governing track and field. Diack has also been accused of taking a separate US$2 million bribe to corral votes for Rio de Janeiro in that city’s successful bid to hold the Olympics in 2016. He has been under house arrest in France since charges of corruption linked to sports doping - when he headed the International Association of Athletics Federations - were brought against him in 2015. … [Read more...] about Japan businessman paid US$8.2 million by Tokyo Olympics bid lobbied figure
