News

Foreigners speed up sales of Vietnamese shares despite prospect of market upgrade

Foreign investors accelerated sales of Vietnamese stocks in recent weeks as trade risks grew for the export-reliant country, data shows, despite the prospect of a valuation-boosting market upgrade later this year. The Southeast Asian export hub posted a record trade surplus with the United States last year and also imposes higher duties on imports, exposing it to the risk of U.S. tariffs as the Trump administration moves to reset trade imbalances, analysts have said. Last month, foreign investors reduced their exposure to Vietnamese stocks by 6.4 trillion dong ($251.18 million), according to stock market data.

Randstad posts Q4 core profit beat in tough market environment

Financial and political upheaval in markets such as France, Germany and Britain has led employers to limit hiring and discouraged people from changing jobs. Randstad's earnings before interest, taxes and amortization (EBITA) before one-offs was 200 million euros ($207 million) in the fourth quarter of 2024, above the 194 million expected by analysts on average in a company-provided consensus. A fair value adjustment and impairments on its loans and financial commitments cost the group additional 139 million euros in the quarter, it said.

Modi Returns to US With Lost Clout as Stock, Economic Boom Fades

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperIndian Prime Minister Narendra Modi faces a tougher challenge this time in pitching the country as an attractive in