The amount raised through long-term bonds is only a small portion of the total debt that Amazon has issued, estimated at about 18.5 billion USD. The company says it can use these funds to invest in clean transportation and carbon-free buildings. Amazon’s projects will include purchasing electric vehicles for fleets, as well as other electric delivery vehicles. In addition, Amazon said it will also use electric heating and cooling systems powered by renewable energy at the company’s new headquarters in Arlington, Virginia. In one pledge, Amazon will cut all carbon emissions by 2040 and power all renewable energy operations by 2030. Amazon’s decision to raise funds for social projects comes when the company faced criticism around the labor issue. In addition to being charged with unsafe procedures and affecting employees’ health, Amazon has also been criticized for illegally firing workers and forcing them not to unionize. However, Amazon has denied these allegations and said it has always supported employees’ equal rights. According to Reuters According to Reuters

Text/Editor of Huitong.com: Qin Meng

A corner of the U.S. Treasury bond market is surging, or it may bring new shocks to global risk assets.Goldman Sachs Group expects that the recovery of the U.S. economy will enable the real yield of U.S. long-term Treasury bonds to rise by about 40 basis points, thus reaching the level before the new crown epidemic

Before the bizarre fall in U.S. Treasury yields this month, the sharp decline in U.S. Treasury bonds this year shocked Wall Street.There is a view that if inflation-adjusted yields rebound positively, the market may be caught off guard

Mueller-Glissmann pointed out that the actual rate of return is still 40 to 50 basis points lower than the average level of the five years before the outbreak of the new crown crisis. At that time, investors were generally pessimistic about the long-term growth prospects, and this repricing does not necessarily happen in the short term. , May be carried out within a few quarters; there is still room for the volatility of the interest rate market, which may at least cause temporary indigestion of other assets;

Goldman Sachs strategists recommend that clients use options to bet on higher yields, or go long on the volatility of U.S. Treasury bonds

The US 10-year Treasury bond yield situation is as follows: A change of 2 basis points can show that since mid-March, the range of fluctuations in the Treasury bond market has not been very large.

When considering the conditions required to break through this range, an important lesson from Monday is that it is not enough just for oil prices to fall to negative values. The Fed’s increased participation in the secondary market for US Treasury bonds (effectively monetizing the deficit) has reshaped investors’ expectations of achievable volatility.

The unlimited quantitative easing policy played a role in this transition, and the conversation about the possibility of the upper limit of the yield curve, advocated by Fed officials, also played a role.

Trier Bank analysts believe that, in contrast, it is more realistic for the yield to fall to 0.25% in the short term. This is based on the assumption that although there is a broad consensus that “things will get worse” in terms of the impact of the spread of the epidemic on actual output, the downward pressure on inflation is being guided, but it has not yet been fully integrated into the financial market.

Recently, in the context of abundant market liquidity and steady economic recovery, the global emerging market financial markets have begun to become sensitive, and it seems that both ups and downs are beginning to look at the 10-year U.S. Treasury yield.

As long as U.S. bond yields soar, it is no surprise that stocks, funds, or commodities will be suppressed and prices will fall.

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In the 2021 annual general meeting of shareholders on the morning of April 23, Mr. Le Quoc Binh, General Director of the company, explained the reason. Mr. Binh said that CII really wants to pay dividends because the BT project of Thu Thiem new urban area (total investment of over 10,000 billion dong) will finish this year and create cash flow for the company. However, this cash flow is late, and the debt index of the company at the end of 2020 will increase due to having to issue a large amount of bonds. In fact, bondholders forced CII to stop paying dividends to shareholders. Besides, the negotiation with foreign partners is quite difficult, so it is impossible to say when it is possible to close the right to pay dividend, Mr. Binh said. Shareholders suggest the company should use retained earnings from previous years to pay dividends in cash for shareholders. In response, Mr. Binh shared that according to the law, in order to pay dividends, the debt obligation criteria must be guaranteed in advance for a third party. Not to mention, CII needs to accumulate money to invest. Mr. Binh noted that it will be difficult for the company to ensure both debt repayment and investment and also pay dividends to shareholders. Therefore, Mr. Binh suggested that shareholders agree to the decisions of the Board of Directors to distribute profits, but Mr. Binh also affirmed that the company will do its best to ensure dividends to shareholders. 2021 is 12% cash (1,200 dong / share) “. The audited consolidated financial statements show that by the end of 2020, CII’s total liabilities are over 21,761 billion dong, of which short-term debt is 8,293 billion dong and long-term debt is over 13,468 billion dong. Debt to equity ratio is about 2.81 times. At the end of the stock trading session on April 24, the price of CII stock was temporarily stopped at VND 21,350 / share, a slight increase compared to the previous session, but down more than 6% within a week. CII share price fell by nearly 12% within a month and nearly 8% within a quarter.

Central Bank of Russia. (Source: TASS) Reluctantly “the victim” The Russian local currency has fallen more than 3% in the past month, currently trading at about 76 rubles for 1 USD. The sharp slump took the Ruble hard, in one of the most severe of any emerging market’s leading currency. Analysts expect the ruble to rebound in 2021 after falling 16% last year due to the Covid-19 pandemic and falling oil prices. While the Russian economy is reviving, the country’s Ministry of Economy has just revised its growth forecast to 3.8% last week and Russian businesses are rushing to capitalize on the stock boom to sell. stocks, ruble will be an important instrument signaling the health of the economy in the strained relationship with the West which has not seen a stop. Russian economist Sofya Donets at Renaissance Capital said, “Geopolitics is what is driving the movement of money markets – especially concerns about tougher sanctions from Washington, which have caused too much. damage to the Russian economy in recent years, before the situation is “hot” gradually at the border with Ukraine “. Sharing the same view, BlueBay Asset Management strategist Timothy Ash asserted: “Obviously at the moment, geopolitical concerns are having a big impact on the Ruble.” In it, a clear indication of the Ruble’s sensitivity to potential diplomatic changes is the possibility of an immediate upstream rise, following a phone call between US President Biden and his counterpart. Russia Putin. The White House said Biden had expressed “concerns about Russia’s sudden military build-up in Crimea and on the Ukrainian border, and urged Russia to de-escalate tensions.” Recent worries have also aroused in the Russian government bond market – a most likely target as the United States imposes sanctions in response to the international cyberattack SolarWinds, in which Moscow is alleged. to interfere in the 2020 presidential election or the poisoning and imprisonment of opposition leader Alexei Navalny. “Weapons” counterattack In fact, US sanctions against Russia have already severely affected the Ruble and government bonds. However, analysts said that this new move will not have a significant negative impact on the Russian budget and market in the long term, because Russia has already prepared. In retaliation for the cyber attack, the White House said that President Joe Biden had ordered the expansion of existing restrictions on US banks dealing with the Russian government, expelling 10 diplomats and punish 32 individuals. However, shortly after the sanctions were issued, the Russian Ministry of Finance announced its decision to cut 875 billion Rubles ($ 11.45 billion) in the 2021 loan plan compared to the previous plan of 700 cuts. billion Ruble. Initially, Russia plans to borrow 3,700 billion rubles with OFZ bonds (Russian government bonds issued in rubles) by 2021. In response to the US sanctions, Russian Finance Minister Anton Siluanov said the new sanctions mean that US banks will miss opportunities, at the same time, said the demand for bonds Russian government remains at a high level. And Russia will carefully study the market conditions when deciding whether to add more OFZ in the coming weeks. To avoid the risk of being forced to sell bonds by foreign investors, the Russian Ministry of Finance will cut the 2021 loan plan more than expected and will only provide new OFZ bonds from June 14 – the day after US banks will then be banned from buying ruble government bonds directly from Russia. The share of international banks, pension funds and international wealth managers among OFZ bond holders has declined over the past several months. At the end of March, foreigners’ share among OFZ holders fell to 20.2%, the lowest level since August 2015. However, Russian state-owned banks such as Sberbank and VTB have guaranteed to replace foreign investors if necessary and help the Russian Ministry of Finance use OFZ bonds to cover the budget. According to statistics, US investors only hold about 7% of OFZ, with a value of less than 1 trillion rubles, lower than the amount of OFZ worth more than 4 trillion rubles held by Sberbank and VTB. Analysts expect the ruble to rebound in 2021 after falling 16% last year due to the Covid-19 pandemic and falling oil prices. Consensus to de-dollarize and reduce dependence Recently, President of the Federal Council (Senate) of Russia, Ms. Valentina Matvienko, noted that the Central Bank of this country and the government “at the behest of President Putin are still pursuing a policy of de-dollarization.” To date, the Russian Federation’s gold and foreign exchange reserves have become less dependent on the US dollar, and Russian investments in US government bonds have also fallen 30 times over the past 10 years. In a recent interview, the President of the Federal Council stated the reason, the dollar, of course, will not disappear anywhere, it is and will be widely circulated, not prohibited from use. . But reducing dependence on a financial center is the right policy and the Russian Parliament supports it in any way possible, since it is a matter of the sovereignty of the country. Earlier, Russian Deputy Foreign Minister Sergei Ryabkov also affirmed that Russia should reduce its dependence on USD, which must be done due to the risk of potential new US sanctions. Recently, Russia has been constantly taking steps to consolidate the ruble, increasing its attraction to businesses and its citizens and this is bringing about significant results, as the Ruble appears more and more in the investment transactions and trade exchanges.

Gold bar at the gold exchange in Seoul, Korea. Photo: Yonhap / TTXVN According to FactSet data, for the whole week, the precious metal price is estimated to decrease by about 0.1%. In the first session of the week (April 19), gold prices went down after being traded at a much higher level than usual in the previous week. However, a weaker dollar and falling government bond yields have helped keep the metal from falling further. In the session of April 20, gold prices regained momentum, amid the decline in USD prices and US Treasury bond yields, increased demand for gold to preserve assets. This session, the dollar index fell 0.1% against major currencies after hitting a seven-week low, while the yield on 10-year US Treasury bonds fell 1.6%. Gold prices continued to increase by nearly 1% high in the session on April 21, when 10-year US bond yields fell below 1.6%, reducing the opportunity cost of holding gold and unprofitable assets. , while the dollar is at a low level. OANDA senior market analyst Edward Moya said gold prices have been adversely affected in the past few months due to rising bond yields, but now the precious metal price has increased quite a lot. Moya added that the global economic outlook is still volatile and investors will see more cautious measures in the next quarter. However, to the session of April 22, the gold price turned to decrease due to the strength of the USD. Edward Meir, an analyst at ED&F Man Capital Markets, said both the US dollar and 10 year US government bond yields rose, thereby putting pressure on gold prices. The dollar is up 0.2% against a basket of other major currencies, making gold more expensive for buyers holding other currencies. Meanwhile, the US 10-year government bond yields rose to their intraday high of 1.587%. Gold prices have fallen 6% this year so far, mainly due to pressure from the rise in US government bond yields. In the last session of the week (April 23), gold prices continued to decline, when positive data on the housing market boosted bond yields and reduced the attractiveness of this precious metal. According to statistics, new home sales in the US reached 1.021 million units in March, the highest level since 2006. Experts say this data is “heavy enough” to push yields higher and put pressure on gold prices. Specifically, the price of gold delivered in June decreased by 0.2% to $ 1,777.80 / ounce. Carsten Fritsch, an analyst at Commerzbank, said that in order for gold prices to skyrocket to $ 1,800 an ounce, the market needs to see a reversal of the capital flow of gold exchange funds. According to the analyst, the flow of gold out of ETFs has slowed down, with April averages reaching 1.5 tons, down from a corresponding nearly 6 tons in March. Mr. Fritsch forecasts that ETFs will increase their gold holdings and that the precious metal price will rise again in the second half of the year. In addition, some market analysts also believe that gold prices are likely to increase due to increased tensions between the US and Russia. Currently, investors are waiting for a policy meeting of the US Federal Reserve (Fed) expected to take place next week./.

Recently, the local area announced three phased measures for the hotel industry, including:

Phase 1: April 29

The open objects are large hotels for local tourists in Greece, such as hotels in Chalkidiki and Sounion in northern Greece. Some hotels that are open throughout the year will also be open during Easter.

Tourists can book hotels after obtaining travel permits from their home country, and then receive confirmation from the hotel. Some seasonal hotels will also open. These hotels mainly receive Greek tourists, but also foreign tourists in accordance with relevant bilateral agreements.

The second stage: May 15

Including B&Bs and hotels in Crete, Dodecanese and Cyclades. At that time, Greece will be open to international tourists, accepting three types of tourists who have been vaccinated against the new crown, or have developed antibodies, or have tested negative for the virus.

The third stage: the end of June is expected

The hotel industry will welcome the peak tourist season with the largest scale!

As for the catering industry, the local area is also studying the feasibility of allowing the catering industry to allow outdoor operations from May 4th or May 10th!

This is the first stage of the opening up of tourism in Greece. During this period, Greece will lift restrictions on flights to EU countries and five other countries (the United States, the United Kingdom, the UAE, Serbia, and Israel).

Citizens of non-EU countries outside the EU regulations cannot enter Greece temporarily. Citizens of non-EU countries currently allowed to enter Greece include: Britain, Australia, New Zealand, South Korea, Thailand, UAE, Russia, Israel, Rwanda and Singapore. Rwanda and Singapore have returned to the “white list”.

Starting from March 25, Israeli tourists who have completed the vaccination do not need to be quarantined for 7 days after entering Greece. At the same time, international flights can only land at airports in Athens, Thessaloniki, Rhodes, Kos, Chania, Heraklion, Santorini, Mykonos and Corfu. By May 14, the epidemic in Greece is expected to improve, and international flights will be able to land at any international airport in Greece.

In addition, the current restrictions on Greek citizens in terms of catering and trade are also applicable to foreign tourists. Under the premise that interstate travel is prohibited, visitors must present the voucher for the hotel reservation when going from the airport to the hotel.

In terms of land transportation, the two entry points from Bulgaria to Promahonas (Προμαχώνα) and Nephia (Νυμφαία) were operating normally during the first phase of the opening of the tourism industry. When Greece officially opens on May 14, tourists can also enter Greece from other border checkpoints.

Starting from April 16th, entering Greece will need to present a vaccination certificate issued by the relevant department of the traveler’s country of origin, a negative nucleic acid test report 72 hours before the trip, and the “Passenger Location Form” filled out 24 hours before the trip.

After entering Greece, tourists are required to undergo relevant inspections. If a tourist is found to be infected with the new crown virus during the test, he needs to be temporarily placed in an isolated hotel. If you enter Greece from the land border and are detected to be infected with the new crown virus, the tourist cannot enter Greece.

So the most critical question is, can Chinese tourists enter Greece? ? ? This is also the most concerned issue of our investor customers!

There have been various rumors about the entry into Greece as long as they provide a certificate of negative nucleic acid or a certificate of vaccination. Many Chinese people have misunderstood that they can enter Greece in May.

However, after reconfirmation with our lawyers, there is no official statement that Chinese tourists can enter Greece in May. No matter whether the certificate of nucleic acid or vaccination is provided, they cannot enter Greece.

The Greek government has always followed the EU’s unified requirements and implemented the principle of equality and reciprocity with China. Before China opens its borders to the EU, it will not open its borders to China.

Therefore, we remind investors once again not to believe in rumors! Up to now, if you want to come to Greece, you still need more patience. At the same time, we will also update the entry policy information in a timely manner. Whether the EU and Greece will update entry information after May 14 or whether they will include China in the entry list is still unknown. Everything is possible.

The restart of the “tourism season” will not only bring tourism revenue, but also continue to pick up local homestays, hotels, and rents, which will drive the local real estate market to rise, and will also usher in a new momentum for real estate investment in Greece. Interested investors should hurry up and buy their favorite real estate!

With the issuance of national debt and economic recovery, Greece has once again become a “little sweet” in the capital market

On March 17, Greece announced the issuance of a batch of 30-year treasury bonds with an interest rate of 1.9%, raising a total of about 2.5 billion euros. International financial giants such as Goldman Sachs, HSBC and JP Morgan Chase acted as the underwriters of this treasury bond issuance. International media have reported on this, saying that the successful issuance of the 30-year treasury bond indicates that the Greek economy has been fully on track and has regained the trust of the international capital market.

Since the outbreak of the debt crisis in 2009, Greece seems to have become the “Mrs. Bull” in the international capital market, and everyone regards it as a mess. However, Greece, after all, has a splendid history and culture and a sound economic foundation. With the joint efforts of the government and people, as well as the help of the European Union and the international community including China, the Greek economy has gradually emerged from the quagmire and has become an international one again. “Little Sweets” sought after by the capital market.

The Greek economy recovers steadily, and the 10-year bond yield breaks 1% for the first time

The “Golden Visa” program launched by the Greek government in 2013 has attracted a large number of international investors to invest, travel and live in Greece. It has achieved great success and played an important role in the recovery of the Greek economy.

According to the OECD forecast, affected by the epidemic, Greece’s GDP will shrink by 10% in 2020, but it will return to the upward trend and grow by 0.9% in 2021, and it will increase by 6.6% in 2022.

In addition to the high quality and low price of a livable life in Greece, in recent years, with the continuous economic recovery, Greece has attracted many well-known companies such as Microsoft, Xiaomi, Alibaba, Fosun Group, and COSCO Shipping!

Greece’s launch of the home-buying immigration program is extremely competitive. Compared with other European countries that issue golden visas, the terms of the Greek golden visa are more investor-friendly, and the investment cost and threshold are low. With an investment of 250,000 euros, you can get a Greek green card, enjoy three generations of immigration, high-quality education, comprehensive medical care, high welfare and EU status, and start a romantic slow life in the Mediterranean!

European policies are gradually tightening, and when the amount of investment in Greece will be adjusted is still unclear. It is certain that the “window period” left for everyone is limited, and visionary investors have already taken the lead and grabbed the Greek housing market. If you still need overseas status, asset allocation, children’s education, vacation and retirement, etc., come and contact the immigration help to act in advance!

· Application conditions:

1. Applicants must be at least 18 years old, have no criminal record, have no academic qualifications and language requirements;

2. Greece buys real estate of 250,000 euros or more,

   · Project Benefits:

3. Cost-effective: Europe is cost-effective, with green cards for house purchases;

4. Investment quota: only 250,000 euros to buy a house, get a green card in one step;

5. No residency requirements: No residency requirements after obtaining the green card;

6. Fast approval speed: The immigration process in Greece is simple, the approval speed is fast, and it can be completed within 3 months at the earliest;

7. High status of gold: Greece is a member of the Schengen countries, with Greek status, you can travel to 26 Schengen countries;

8. Simple application requirements: no need to prove academic qualifications, management experience, source of funds and physical examination;

9. Great potential for house price appreciation: Greece’s economy is picking up, the housing market has bottomed out, and housing prices have much room for recovery.

   If you need to consult the Greek immigration program , Application conditions, immigration advantages, processing cycle For related questions, you can directly send me a private message.

Mr. Nguyen Hoang Duong – Deputy Director of Finance Department of Banks and Financial Institutions (Ministry of Finance) gave opening speech at the conference. Photo Do Doan

April 16 in the city. Ho Chi Minh, the Ministry of Finance cooperates with the Asian Development Bank to hold a Conference on Development of credit rating activities in Vietnam. The event is part of a series of conferences of the Ministry of Finance to disseminate, train and provide information to businesses (DN), investors (investors), and participants in the financial market about rating activities. credibility in Vietnam.

Credit rating plays an important role in the development of the financial market in general and the bond market in particular. Through the determination of the credit rating, investors have more information to evaluate the financial ability, solvency of the creditors, of the financial products rated by credit, as well as the risks involved.

Speaking at the opening of the conference, Mr. Nguyen Hoang Duong – Deputy Director of Finance Department of Banks and Financial Institutions (Ministry of Finance) said, to develop credit rating activities in Vietnam, Ministry of Finance submitted to the Government for promulgation Decree No. 88/2014 / ND-CP on credit rating services, which fully regulates the contents of organization, operation, service provision, and information disclosure of the organization. credit rating organization.

Enterprises discuss with international financial experts about credit rating services. Photo: Do ​​Doan

The Securities Law 2019 and guiding documents have specific provisions on cases where enterprises issue bonds to the public must be rated with credit ratings and implementation roadmap, and at the same time encourage businesses to issue bonds. Private corporate bonds (corporate bonds) use this service to enhance the publicity and transparency of the corporate bond market.

“The Ministry of Finance is also studying to associate the regulations on credit rating results with regulations on classification and investment criteria for some particular financial institutions or using credit rating results. when calculating the indicators of capital safety and assets of organizations in the financial market “- Mr. Nguyen Hoang Duong said.

At the conference, experts from the Australian Securities and Investments Commission, international rating organizations S&P, Moody’s and the credit rating agency Fiin of Vietnam presented about the role of the rating agency. credit rating in the financial market, credit rating methods and processes, factors affecting the credit rating of enterprises, the contents to be noted to improve ratings and the impact of results. credit rating results for decisions of investors.

In general, the contents of the conference are intended to provide full information on the development of credit rating activities in Vietnam and to raise market awareness about this activity.

It is known that, according to Decision No. 570 / QD-TTg dated April 17, 2015 of the Prime Minister approving the Plan for development of credit rating services to 2020 and a vision to 2030, the Ministry of Finance will see review and grant certificates of eligibility for business in credit rating services for up to 5 enterprises.

Up to now, 2 Vietnamese enterprises have been granted business eligibility certificates and are providing credit rating services in the market. The Ministry of Finance has also received a request for attention from a number of reputable international credit rating organizations and will consider and appraise it in accordance with the law./.