Business

Europe sealed a last-ditch deal to fix its festering debt crisis, pledging new funds for Greece and pushing banks to share the pain.

Vietnam Airlines and Qantas’s low-cost carrier Jetstar are negotiating to elevate Vietnam Airlines to majority shareholder in Jetstar Pacific.

Eurozone leaders have agreed to leverage the firepower of their bailout fund to one trillion euros ($1.39 trillion), French President Nicolas Sarkozy said Thursday.

China and other emerging powers have agreed to help eurozone countries facing a debt crisis by taking part in a bailout fund, the China Daily said.

The Ministry of Industry and Trade allowed EVN to raise power prices higher than the Govt’s approved rate, an agency said.

The national trade deficit in the first 10 months of this year was kept at nearly $8.4 billion, according to the General Statistics Office.

European leaders faced intense pressure to deliver on a promise to resolve the debt crisis at a summit crucial to the world economy as they battled to protect Italy from collapse.

The State Audit of Vietnam said the petroleum price stabilisation fund has passed an audit with flying colours.

Power prices for those who consume more electricity should be increased to encourage more efficient use, says an expert.

Vietnam’s office rents will fall as much as 7 percent in 2012 because buildings are completed at a faster rate than business expansion, said Jones Lang LaSalle Inc.,.

Japanese Finance Minister Jun Azumi said Europe was close to a resolution of its debt crisis and urged the continent's leaders to close the deal for the sake of the global economy.

The October consumer price index increased 0.36 percent compared to last month’s figure.

A new decree issued by the Government last Friday increases punishments for administrative violations in the financial and banking sector.

Transport Minister Dinh La Thang requested a ministry's unit to get rid of five sub-contractors for slow progress of an expressway project.

Eurozone leaders are toying with the idea of asking China and other emerging powers to help them out of the debt crisis.

European leaders opened an EU summit aimed at solving the eurozone debt crisis and convincing global rivals that recession can be kept at bay.

The eighth China-ASEAN Business and Investment Summit (CABIS) opened in China ’s southern city of Nanning on Oct. 21.

The Government would not approve any increase in power price to offset EVN’s losses from its non-core investment.

Japan's cabinet approved an extra $156 billion draft budget to reconstruct tsunami-hit regions and help companies fight the strong yen.