Currency under $ 1.20 How weak is the euro going to be?

Status: 06/18/2021 2:09 p.m.

In the USA there are signs of a turnaround in interest rates, in Europe the key interest rate will probably remain low for a long time to come. That has been burdening the euro for days. How much will the common currency still become cheaper? The prospect of rising interest rates in the US has recently weighed on the euro. The common currency fell in the past few days from rates at 1.22 to below 1.19 US dollars. Experts cited the interest rate meeting of the US Federal Reserve (Fed) as an explanation for this strong movement. After years of zero interest rate policy, the American monetary authorities had promised interest rate hikes, at least for the longer term. Accordingly, two rate hikes can be expected by 2023.

First of all, the Fed will in all probability cut back its security purchases later in the year, with which it had pushed down long-term interest rates on the bond market in recent years. The expectation of an economic recovery with rising inflation rates alone had pushed the yield on ten-year US government bonds up from around 0.5 percent to just under 1.8 percent since the summer of last year.

Long-term rates still negative

Yields on the German stock market have also risen sharply in recent months, albeit at a significantly lower level to date. The yield on ten-year Bunds is still around minus 0.2 percent. In the low, the interest rate was only around minus 0.67 percent. Despite rising inflation rates in Germany and the euro area, the European Central Bank in Frankfurt unwilling to be, to follow the central bank colleagues in Washington and to consider at least less security purchases in the near future. In May, the inflation rate in the euro zone was 2.0 percent, slightly above the central bank’s price stability target. In Germany they moved Producer prices even rose 7.2 percent in May compared to the previous year and therefore stronger than it has been for almost 13 years. The prices were driven by the sharply rising prices of so-called intermediate goods.

Bundesbank boss for the end of the bond purchases

“In the long run this will work noticeable in consumer prices The economists at Commerzbank said: “A central bank in crisis mode, which, as ECB President Christine Lagarde said in her last press conference, does not even talk about whether a reduction in bond purchases might be necessary. appears well behind the curve in comparison. “In the opinion of the experts, the monetary authorities have thus missed the entry into the exit from the zero interest rate policy.

An opinion that is also shared by the President of the Bundesbank, Jens Weidmann. Weidmann has spoken out in favor of an early end to the trillion dollar bond purchases by the European Central Bank (ECB) after the pandemic. The focus is on the purchase program called “PEPP” the monetary guardian. “When the emergency for which the PEPP was created is over, it must be ended,” Weidmann told the “Handelsblatt”. But whether Weidmann will prevail is unclear. There are thus signs for the near future that the dollar could retain or even expand its interest rate advantage.

German exporters benefit

For German vacationers who want to spend their free time outside the euro area, that would be bad news – they would have to pay more for foreign currency. The export-oriented German economy, on the other hand, is benefiting from the trend. Last year, just 36 percent of German exports went to the countries of the euro area. And even if you include EU countries with their own currencies such as Denmark, Sweden and the United Kingdom, which has since left the country, the share of exports last year was just over half.

A good sixth of exports even went directly to the USA. In fact, the impact of the dollar rate on German exports is likely to be significantly greater. Because some international currencies are directly linked to the US dollar. These include, for example, the Saudi riyal or the diram of the United Arab Emirates. Both Saudi Arabia and the Emirates are countries that traditionally buy and import many German products with the money they earn from oil exports.

Dollar weakness later in the year?

If the US dollar gains strength, German companies have two options. Either they reap additional profits with unchanged prices. Or they react with price cuts in order to gain market share – both attractive prospects for companies.

But at this point in time it seems questionable how long the euro will actually continue to decline. Because for autumn and winter, experts like those at Commerzbank are expecting inflationary dynamics to decline again in the USA. Then “the US dollar euphoria will soon be over”

Currently, they have become the top Kpop group, a famous name in the world. After 8 years of singing and being famous, the 7 boys of HYBE Corporation all own expensive private houses in the most luxurious complexes in Korea. 7 BTS members all own their own houses. RM and Jimin buy an apartment in Nine One Hannam According to the Skye Daily, RM bought a house for $5.69 million in cash. The male singer has been in the apartment since May 25. RM’s new house has a total area of ​​about 293.93 m2. At the same time, member Jimin bought an apartment in the same building as his BTS colleague. The male singer paid $5.3 million in cash to investors. RM and Jimin’s apartment consists of three bedrooms, an office, living room, kitchen and separate dining area. Below the apartment is a large parking lot. RM and Jimin chose Nine One Hannam as their residence. Explaining the reason for the price difference even though the two apartments have the same area, real estate experts said that RM’s house has a nice view, a more spacious yard than Jimin’s apartment. According to the SCMP, Nine One Hannam is currently the most expensive apartment complex in Seoul. The complex is known as the Beverly Hills of Korea. Nine One Hannam has a prime location, located near the Han River and Namsan Mountain, equipped with a four-step verification security system and amenities such as banquet hall, golf course, swimming pool and luxurious dining room. Breakfast at the apartment complex is provided by a chef from a famous restaurant. Because real estate is the ideal residence of many top stars. After buying expensive apartments, the two Korean idols became neighbors of top stars like G-Dragon, So Ji Sub, and Jun Ji Hyun. RM and Jimin’s new apartment is located near Hannam the Hill – BTS’s shared residence. J-Hope and Jungkook live in Seoul Forest Trimage Seoul Forest Trimage is known as one of the most famous apartment complexes in Korea. This is the residence of many famous idols, including Sunny (SNSD), Yura (Girl’s Day) and Kim Jae Joong (JYJ). In 2016, J-Hope joined the super-rich after buying a house in Seoul Forest Trimage. The male singer bought an apartment of 84.83 m2, with a view of the Han River. 3 years later, J-Hope continued to buy a second apartment at the Seoul Forest Trimage complex. The new house is 152.17 m2, worth 3.3 million USD. J-Hope and Jungkook once bought a house in Seoul Forest Trimage. Jungkook is the youngest brother of BTS. In addition to being famous as a member of a 7-member group, the male singer is also successful with a solo career. After being famous, he first bought a house in Seoul Forest Trimage in 2019. The apartment is nearly 70 m2, worth 1.7 million USD and paid by the male singer in cash. By January 2021, Jung Kook continued to buy a house in Itaewon in Yongsangu District, Seoul, South Korea, according to E! Today. Real estate experts said that Korean idols bought a house from November 2020 for about 7 million USD. Jung Kook’s new residence was built in 1976 with a total floor area of ​​230.74 m2. Suga and V’s apartment at Hannam Riverhill Two members Suga and V are from their hometown of Daegu. According to the MBC, Suga bought a house in August 2018. The male singer bought an apartment in Hannam Riverhill located in the UN Village area along the Han River. This place is known as the area for only 0.1% of the super-rich in Korea. After buying an apartment, the actor became a neighbor of TOP (Big Bang) and many famous CEOs. Suga bought a house near UN Village. Unlike most of the group members who buy real estate in Hannam, V chose to buy an apartment in Gangnam. According to the Lifestyle Asia , V bought an apartment in SK Apelbaum in 2019 for $4.55 million. The apartment is about 282 m2, located on the 15th floor, paid by the male singer in cash. This is the residence of many stars, financiers and high security. BTS’s common place Before buying their own house as they are now, BTS members moved from cramped accommodation to Hannam the Hill in 2017. According to the Korean Ministry of Land, Infrastructure and Transport, Hannam the Hill is in the top 10 The most expensive apartment in the country from 2015-2020. Seven members used to live in a 2,150 square meter apartment. Fans got a chance to see inside the residence, as the group filmed a video of their reaction to the news of the Grammy nomination. MV Life Goes On of the group was also filmed here. Jin bought an apartment in the common place of BTS. Jin – the oldest member of BTS – is valued at about 20 million USD. The male singer bought a house in the common area of ​​BTS. According to the SCMP, Jin bought an apartment in Hannam district, Seoul for 1.78 million USD in 2018. A year later, the Korean idol sold it and bought a bigger apartment in the same location. In January this year, Jin continued to buy another $3.7 million apartment in Hannam the Hill. It is also the most expensive property he owns. BTS’ eldest brother then gave the house back to his parents. All relevant procedures and papers were completed in April.

Local time Monday (June 14), a survey by the New York Federal Reserve showed that American households’ expectations for next year’s inflation, housing prices, income and expenditure growth all rose in May; the median one-year inflation expectation in May increased from 3.4 in April. % Rose to 4.0%, a new high since the inflation expectations index was launched in 2013.

On the same day, another data released by the New York Fed also received attention. The data shows that the Fed accepted US$583.9 billion in fixed-rate reverse repurchase, which continued to hit a record high and exceeded US$500 billion for four consecutive trading days. This reflects the increasing liquidity in the US dollar financing market.

In addition, data released by the U.S. Department of Labor last Thursday (June 10) showed that the U.S. May unseasonally adjusted CPI annual rate was 5%, the highest since August 2008, with an expected 4.7% and a previous value of 4.2%; the United States 5 The monthly unseasonally adjusted core CPI annual rate was 3.8%, a new high since 1992, expected to be 3.4%, and the previous value was 3.0%.

Inflation continues to soar and liquidity is rampant. More and more institutions believe that the Fed will start the process of debt reduction at the end of this year or early next year. Some institutions even warn the Fed to ignore the risks caused by inflation!

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase, is more direct. He said that JPMorgan Chase has been “efficiently hoarding” cash instead of using it to buy U.S. Treasury bonds or other investments because it is more direct. High inflation may force the Fed to raise interest rates.

In fact, the performance of the market may also reflect some situations. Last Friday (June 11), in the absence of heavy data or event stimulus, the US dollar index rose significantly and once touched 90.60, while gold fell by more than 20 US dollars. The above-mentioned market may be as simple as non-profit-taking, and it is not ruled out that investors are beginning to bet that the Fed will tighten policy soon. But the final decision is in the hands of the Fed.

“Terror data” + Federal Reserve interest rate, this week the market ushered in the ultimate test?

On Tuesday (June 15), the United States will release data such as the monthly retail sales rate in May, the PPI in May in the United States, the manufacturing index of the New York Fed in June in the United States, the industrial output in May in the United States, and the NAHB real estate market index in June in the United States. Among them, the US retail sales data in May has attracted much attention.

The market expects the monthly rate of retail sales in the United States to fall by 0.7% in May, which was unchanged from the previous value. If the data is in line with or lower than expected, or suggest that the effect of the White House fiscal stimulus is gradually fading, it may weaken the Fed’s expectations of tightening policy. Since consumer spending accounts for about 70% of US economic output, US retail sales data often trigger huge market shocks, so it is commonly called “terrorist data.”

In addition, the performance of the US PPI in May cannot be ignored. As a leading indicator of price trends, the performance of the PPI indicator will reflect the relevant situation of production costs. The market expects that the US PPI will rise at an annual rate of 6.3% in May, which will further reveal the pressure on the transmission of production costs. The overall performance of the above two data may cause greater interference to the short-term trend of the US dollar.

But the market is more concerned about the upcoming Federal Reserve interest rate decision. At 02:00 AM Beijing time on Thursday (June 17), the Federal Reserve FOMC announced interest rate resolutions, policy statements and economic expectations; at 02:30, Fed Chairman Powell held a press conference.

As the CPI data for two consecutive months “exploded”, whether the Fed will change its description of inflation in this policy statement will be one of the focuses of the market’s attention. If the bank still insists that inflation is temporary, it implies that it should not rush to change the current easing policy, which may cause the US dollar to suffer a new round of crit. However, if the Fed admits that inflation poses risks, it will increase expectations for tightening policies, thereby providing strong support for the US dollar.

In addition, because the scale of reverse repurchase frequently hits new highs, whether the Fed makes a relevant statement on this is also worthy of attention. At the same time, the Fed’s latest quarterly economic outlook and dot-map will provide more guidance for judging the FOMC’s economic outlook, labor market, inflation expectations, and interest rate trends, and they cannot be ignored.

In short, if the Fed releases its hawkish tendencies, especially on the issue of inflation, it will be considered by the market as a signal that the bank is about to turn, and may become the fuse for the dollar to initiate a bull market; however, if the Fed still insists on inflation If it is temporary, the market will interpret that the bank is not in a hurry to tighten policy, which may cause more plunges in the dollar.

Technical analysis of the US dollar index: the performance of a position is extremely critical

The daily chart of the US dollar index shows that the price fell to 89.54 (May 25 low, A point) after hitting 90.91 (X point) on May 13 and then the market rose and hit 90.63 (June 4 high, Point D), but quickly retreated significantly and formed a bearish Gartley pattern: 0.618XA=AB, 0.886AB=BC, 1.27BC=CD, 0.786XA=AD, AB=CD.

However, the downward market was supported by 0.786AD (89.77) and stabilized the downward trend line since March 31, avoiding further expansion of the decline. The key pressure above is at 90.63. If it breaks through effectively, in addition to destroying the above-mentioned Gartley pattern, the market will also constitute a bullish 123 rule, or confirm a phased bottom. It does not rule out expanding the increase to 91.00 or even 91.50.

If the price drops significantly below 89.77, the market does not rule out falling to 89.50 or even 89.21 levels for support.

Competition with china US Senate passed Billion program

Status: 09.06.2021 09:01 a.m.

With a $ 250 billion program, the US wants to make up economic ground against China. The aim is semiconductor production and the research area Artificial Intelligence. The US Senate has passed a huge investment program in research and technology. Across all parties, the senators voted in favor of the package of measures designed to strengthen the US economy in competition with China. One of the goals is to advance the production of semiconductors in the USA and research in the field of artificial intelligence. Senate Democratic Majority Leader Chuck Schumer said after the vote: “If we don’t do anything, our days as the dominant superpower could be numbered.” US President Joe Biden was satisfied with the Senate decision: “We are competing for victory in the 21st century and the starting shot has been fired.” The US would have to maintain its position as “the most innovative and productive nation in the world”, according to Biden.

Production capacities decreased

According to the White House, the proportion of semiconductor production capacity in the US has fallen from 37 percent to around 12 percent of global production over the past 20 years. US companies are dependent on foreign countries, in particular on countries in Asia, which is a risk in the supply chain. Currently, many automakers and electronics manufacturers are struggling with not enough chips on the market. Among other things, the surge in demand for notebooks and other computer technology during the pandemic led to the shortage of semiconductors.

Discover the technologies of tomorrow

President Biden said the bill will enable the US to discover, manufacture and improve tomorrow’s key technologies – from artificial intelligence to computer chips to lithium batteries used in smart devices and electric vehicles – in the United States United States. The House of Representatives must also give its approval for the Investment Act to come into force. According to the US media, it could meet with resistance there.

According to the HK01 , Quach Phu Thanh spent millions of dollars to renovate and decorate the villa like a 5-star hotel. The home and garden space is open, in addition, there is a swimming pool, a basketball court for the actor’s sports practice. Luxury villa of the Heavenly King of Hong Kong family. Photo: HK01. The actor also rented an apartment next to his house for more than 10,000 USD/month for Phuong Vien’s parents to live when they went to Hong Kong to take care of their children. Apple Daily Recently, Quach Phu Thanh also rented a garden apartment for his wife to have her own space to livestream to advertise products. According to the On , Quach Phu Thanh owns a net worth of up to 2 billion HKD. With a huge fortune, the actor spends 26,000 USD per month for his wife to satisfy her leisurely pleasure. His family’s spending falls to about 128,000 USD/month. The 56-year-old star’s fortune is constantly increasing as he is still working hard in the entertainment industry. Not only constantly accepting movies and holding concerts, Quach Phu Thanh also expensive advertising shows, as the face of many brands.

The operator of the air conditioning pump station is located in the heart of the extended Nguyen Sy Sach street The reservoir pumping station project is funded by World Bank (WB) loan. The project has a total investment of more than 20 billion VND, was handed over and put into operation in 2018. However, at this time, another project was started, making this project not yet effective. Break. When project overlaps project In the early days of May, 2021, Reporter of Traffic Newspaper was present at the construction of extended Nguyen Sy Sach Street (in Vinh City, Nghe An Province). As noted, the construction is unfinished but the atmosphere is quite quiet. On the long road through Hung Dung ward, only a few trucks carry the ground for motorbikes to level and flatten. Meanwhile, the ground on this section of the route has not been cleared, the most typical is the pumping station for the conditioning reservoir. According to observations, 2/3 of the construction area is in the middle of the center of the road. In addition, crossing the road, there is a system of floating sewer pipes and submerged culverts carrying water at the bottom. The entire infrastructure in this project is still quite new. A resident living near this project said: “This wastewater treatment pumping station has just been built and has just been put into operation. Now I heard that they are going to have to demolish to make a road, what a waste.” Confirming information, Mr. Nguyen Ngoc Phong, Deputy Head of Vinh City Construction and Investment Management Board said: This pumping station project is part of the Vinh urban development sub-project, invested by Vinh City People’s Committee. from the World Bank (WB) loan. Pumping station with a capacity of 10,500m3/day, built around 2015 – 2016 and handed over for operation in 2018. Mr. Hoang Hong Khanh, Chairman of the Board of Directors of Vinh Urban Infrastructure Development and Management Joint Stock Company, affirmed: The unit has received the pumping station and operated since 2018. Up to now, the station is still operating normally and has never been opened. exploit at full capacity. This station mainly pumps and transfers wastewater along the two banks of the North canal. “The wastewater pumping station component has a total investment of more than 20 billion dong (about 1 million USD), all borrowed from the World Bank. Now that the pumping station has to be demolished to build a road, I don’t know why the project overlaps like that?”, said Mr. Nguyen Trung Dung, former Director of the Urban Development Sub-Project Management Board. Vinh City (representative of the investor) said. Responsible football Talking to PV, Mr. Nguyen The Anh, Deputy Head of Vinh City Urban Construction Project Management Board, added: The city has assigned the City Land Fund Development Center to coordinate with the City Management and Construction Joint Stock Company. develop Vinh urban infrastructure as a plan to relocate a part of the pumping station, making way for the extended Nguyen Sy Sach road project. When asked why in the process of implementing the planning and adjusting the planning to overlap and overlap between the two projects, which wastes money, Mr. Nguyen The Anh explained: The pumping station project is part of the capital project. loans from the World Bank, formed in the 2010s. At that time, there was no master plan for Vinh City until 2030, with a vision to 2050; Subdivision planning and extended Nguyen Sy Sach street have not been formed yet. It was not until 2015, when the pumping station was under construction, that the Prime Minister issued Decision No. 52 “Approving the adjustment of the general planning of Vinh city, Nghe An province to 2030, with a vision to 2050”. At this time, Nguyen Sy Sach Street was extended. “The board is only a construction management unit, on planning issues, you have to ask the City’s Urban Management Department,” said Mr. The Anh. Meanwhile, Mr. Nguyen Viet Duc, Head of Vinh City Urban Management Department only said: “The pumping station existed before the extended Nguyen Sy Sach street project. The prolonged Nguyen Sy Sach Street is a key project of the city, if it is not done immediately, it will lose the opportunity that the Central Government has allowed.” And although the plan and cost of moving the pumping station has not been approved yet, Mr. Duc still affirmed that the displacement value is “almost zero”. As for why in the process of planning and adjusting the plan to prevent encroachment, Mr. Duc immediately pushed the responsibility: “It was the matter of my predecessor, I had not done it at that time, so I do not know”. Regarding the relocation plan and the State’s payment, Chairman of the Board of Directors of Vinh Urban Infrastructure Development and Management Joint Stock Company – Hoang Hong Khanh said: “We have surveyed and identified outside the fence and yard. , the operator must be demolished and relocated to the rear, there is also a section of the floating ditch that is affected and must be adjusted. Fortunately, the pumping system and underground tank were not affected, so the cost of moving (removing and rebuilding – PV) the above items to the back, cost about 1 billion VND. The extended Nguyen Sy Sach road project has a length of 6.5km, started in 2018, expected to be completed in March 2021, extended until December 2021. Total project cost in phase 1 is 240 billion VND. Currently, 4.5km has been compensated for site clearance. The Vinh Urban Development sub-project has a total investment of 128 million USD, of which the WB’s loan is 98 million USD, and 30.43 million USD is the counterpart capital of Vietnam. The project started in June 2013. The basic items were handed over in December 2018, with some remaining balances extended until April 30, 2019.

Panoramic view of Villa Firenze villa located in Beverly Hills, California The largest estate in North Beverly Park, an exclusively controlled community that was once home to Denzel Washington, Eddie Murphy, Sylvester Stallone, Rod Stewart and Kimora Lee Simmons. This property has over 1,858 square meters of living space, with 3 guest quarters, 13 bedrooms, 17 bathrooms and 8 bathrooms. Swimming pool is one of the highlights of this villa The mansion, built over five years by architect William Hablinski, features marble and stone floors, arched doorways and multiple fireplaces. The campus includes a swimming pool, tennis courts and trails. Udvar-Hazy, who immigrated to the United States from Hungary when he was young, is considered one of the founders of the aircraft rental industry. He founded International Lease Finance, which was sold to the insurer American International Group in 1990 for $1.3 billion (equivalent to VND 30,068 billion). He is currently the Executive Chairman of Air Lease. Forbes estimates his net worth at about 4 billion USD (equivalent to 92,516 billion VND). The view from above of the villa The most expensive mansion ever sold at auction was a beachfront home in Hillsboro Beach, Florida. The 2,787 m2 villa called Playa Vista Isle was valued at $159 million (equivalent to VND3,677 billion) in 2015. It was auctioned by Concierge Auctions in 2018 for $42.5 million. equivalent to 982 billion dong). Pictures of the inside of the villa Marble arches and vaulted ceilings evoke the glamor of European design. Spacious living room The entrance leads to a fountain and yard that can hold up to 30 cars

It has the lowest value of $ 127 million at the moment. Photo: BI According to some valuations, Bill Gates’ home villa is priced at about $ 127.48 million at the present time. Bill Gates bought the land in 1988 for $ 2 million. His house has 7 bedrooms. Nearly 1,200 cubic meters of wood were used to complete the project. Photo: BI Bill Gates’ house was built with the highlight of 500-year-old fir wood along with 300 construction workers participating in the project – 100 of them are electrical engineers. There is a modern sensor system that helps visitors to control the temperature and lighting in the room. Photo: BI When visitors come to the home, they are given a PIN number to interact with sensors located throughout the house. Guests can then enter the desired temperature and lighting levels so that these conditions automatically change as they move through the villa. The built-in wall speaker also allows the music to “move” with you. The whole villa area uses the surrounding natural landscape to reduce heat loss. Photo: BI Xanadu 2.0 is a “sheltered earth” building, which means it is built into the surrounding landscape to more efficiently regulate the temperature. You can change your wall murals with the touch of a button. Photo: BI Placed around the house is an amount of $ 800,000 worth of computer screens. Anyone can adjust these screens to show their favorite painting or photo. Pictures or photographs contained in these devices are priced at $ 150,000. The swimming pool has an underwater music playing system. Photo: BI The swimming pool area is also a highlight in Bill Gates’ home with an underwater music system. Even in the Bill Gates house there is a room to play spring cushions with the ceiling 6 meters high. Photo: BI In fact, this room is part of the Bill Gates sports facilities complex. In addition, he also has a massage room, a sauna and separate changing rooms for men and women. The reception hall can accommodate 200 guests. Photo: BI Covering an area of ​​more than 213 square meters, this lobby can accommodate dinner for 150 people or 200 people in a cocktail buffet. On one side of the wall in this room, one can see a stone-paneled fireplace measuring 1.8 meters wide, while on one side of the wall is a 6.7 meter wide screen. The villa has 24 toilets, 10 of which are fully equipped with a bathroom. Photo: BI It also has 6 kitchens. Photo: BI Of course, Bill Gates has a “huge” library in his house that holds a precious manuscript that he once spent $ 30 million to buy. Photo: BI With an area of ​​nearly 200 square meters and a ring-roof design, this library is the “home” of Codex Leicester, a handwritten manuscript by Leonardo da Vinci that Bill Gates once bought at an auction for $ 30.8 million. year 1994. The home cinema can accommodate 20 guests. Photo: BI It’s designed in an Art Deco style with comfortable armchairs, sofa and even a popcorn machine for guests to come home. The guest house is just as modern as the main building. Photo: BI According to US News, the official guest building is the first to be completed in the arena. It is fully equipped from bedrooms to bathrooms and is used for the purpose of testing new technologies before it is applied in the main building. Bill Gates used to write the book “The Road Ahead” (1995) in this guest house. The garage system has enough room for 23 cars. Photo: BI There are garages in the Bill Gates estate, but the most interesting one is probably an underground cave made of cement and stainless steel. This particular garage may contain 10 cars. Bill Gates has a tree he loves so much that it is controlled and monitored electronically 24 hours a day. Photo: BI Bill Gates loves a 40 year old maple tree in his house. It is monitored by a computer and if a spot dries up, the automatic watering system is activated. An artificial stream for fish farming. Photo: BI Sand on the lake of Bill Gates is imported from the Caribbean. Photo: BI You may be surprised to learn that bulk sand is added each year. Someone once paid $ 35,000 to walk around the Bill Gates estate. Photo: BI Microsoft holds an auction each year with the profits going to volunteer activities. In the past, Bill Gates used to “auction” the visits to his house. According to the Puget Sound Business Journal, a Microsoft employee once paid for the visit $ 35,000.

Beluga fish is owned by Vietnam Sturgeon Group (CTVN) and has been raised since 2010 on farms in Binh Thuan, Dak Lak, Binh Dinh, Lam Dong, Son La. According to the representative of the group, CTVN has a stock of about 5 million fish, of which the Beluga sturgeon has a number of nearly 100,000, reaching a weight of 5-30 kg / fish, especially fish weighing up to 80 kg. CTVN is currently one of the few units that can breed sturgeon in Vietnam. In 2007, CTVN Group established sturgeon hatcheries in Vietnam, located in Tuyen Lam Lake, City. Da Lat. Broodstock were selected from fish farms in Germany and Russia. At the beginning of its establishment, the first batch of hatchlings were imported and technically supported by Russian experts. By 2010, when the first herds of fish matured, Caviar de Duc sturgeon eggs were on the market, considered the first batch of fish successfully propagated in Vietnam. According to the representative of the group, CTVN’s rearing procedures are followed by special technology consulted by leading Russian experts. In addition to meticulous care according to the scientific regime, CTVN’s farms are also located in hydroelectric reservoirs at an altitude of 500-900m, where there is great flow and clean water all year round, heat. The coolness is about 18-27 degrees Celsius, ensuring all parameters of water quality, environment no different from the natural growth zones of sturgeon in Europe. The production process of the CTVN farm system has been rigorously tested and certified to meet VietGap standards, and at the same time is continuously improving and consolidating the quality indicators system towards GlobalGap standards. As a result, sturgeon raised on CTVN farms retain its inherent natural taste, and the quality of meat and fish eggs is not inferior to that of wild caught sturgeon. Protect fish “million dollars” After more than 10 years of establishment and development, CTVN’s farm system has expanded with an area of ​​about 160,000 square meters. Previously, Vietnam had to import fish eggs from abroad, now CTVN can produce breed eggs by themselves. In particular, the fact that CTVN is a rare unit in Vietnam and Southeast Asia owning a rare and super-rare Beluga herd marks a major turning point in the development of our country’s cold-water fisheries. Beluga is one of the special sturgeon species, known as the “million dollar” fish because not only fish have high nutritional value, but their eggs are very rare. A mature Beluga fish for eggs in the natural environment requires 20 years of age and an adult weight can reach 900 kg. Beluga sturgeon eggs have a market price of between $ 7,000 and $ 10,000 / kg, among the top 10 most luxurious dishes on the planet. Beluga fish meat is delicious and firm, nutritious, healthy, is a nutritious dish with high content of calcium and phosphorus as well as protein, selenium, iron, magnesium and vitamins B12, B6, vitamin C, A and D and especially Omega-3 fatty acids. Regular use of sturgeon and caviar is beneficial for brain function, helps reduce the risk of depression, prevent heart disease, foster the body and restore health. However, in Vietnam, the number of people who have the opportunity to enjoy this rare fish meat is very few because there was no place in our country where Beluga could raise them for commercial purposes. In addition, this fish is an endangered species, so in the world, it is declining about 60% in the wild and is still the red listed fish. Therefore, having a unit like CTVN succeeding in breeding and breeding sturgeon in general and Beluga in particular has brought a lot of meaning in preserving nature, bringing economic and social values. According to CTVN, the group can bring to domestic and international high-end products including Beluga fish meat and Caviar (black fish roe) with great reach. CTVN Group currently has 6 member companies operating in the field of egg hatching and breeding, sturgeon rearing and black caviar production with Caviar De Duc brand – the brand named National Brand 2020. Website: http://catam.vn/

Vung Ang squid (Ky Loi commune, Ky Anh town, Ha Tinh province) is a famous and delicious dish. Squid dancing in Ha Tinh was fished by skilled craftsmen at night and sold to the owners. Each kilogram of squid is sold for between 700 million and 1 million, but still sold out. Squid dance is also known as squid swimming, living so jumping crunchy and blinking (Photo: Thien Luong) Squid can process many different dishes such as boiled, steamed, salad, grilled, fried … but simply and keep the crisp, sweet taste of the squid is to let the whole thing clean, put in a pot to boil a few minutes picked out immediately. The indispensable spice when eaten is mustard or ginger fish sauce, guise leaves … Ca Mau crab specialty increased in record prices On the days near the holidays April 30 – May 1, the price of Ca Mau crab increased quite high, especially crab crab. As noted by the reporter Dan Tri newspaper, crab crabs cost up to 800,000 VND / kg (400 grams or more), while brick crabs from 300 grams to less than 400 grams cost 750,000 VND / kg. Compared to normal days, this price increases from 150,000 VND to 300,000 VND / kg (depending on type). Some other types of crab meat such as crab y, square bib … currently cost about 300,000 VND / kg or more. This price also increases by around 50,000 VND / kg. The reason for the sharp increase in the price of crabs is that the demand for sea crabs to be bought as gifts, food … increases on the next 30/4 – 1/5 holidays. Specialty fish face demon to Hanoi price 2-3 million / kg According to GiadinhNet, the demon face fish is known to be a very ugly fish with very hard scales, rough, rough look, the same color as dead coral reefs. This fish is called the super-poisonous god on the ocean floor because it is one of the most unique fish species in the world. On the back of the demon face fish there are 13 dorsal fins containing strong toxins. Devil’s face fish (Photo: GiadinhNet) Although possessing an extremely ugly and scary shape, this fish brings a huge source of nutrition to humans. In Vietnam, visitors can enjoy this fish in the Nha Trang, Phu Yen, Binh Thuan tours … The price of a demon face fish, weighing 1.2-3kg in Hanoi fluctuates. from 3-9 million VND, many times more expensive than other high-end seafood. Gas prices plummeted From 7:30 a.m. on May 1, gas prices decreased from VND 1,583-1,604 / kg (VAT included), equivalent to VND 19,000 / bottle (12kg). Retail gas price ranges from 361,000 to 384,000 VND / 12kg cylinder; 1,439,000 VND / 45kg bottle and 1,599,000 VND / 50kg bottle. The reason for the decrease in gas prices is that the average world gas price in May 2021 decreased by 60 USD / ton compared to April 2021. From the beginning of the year until now, this is the second month that the gas price has cooled down with a total reduction of nearly 40,000 VND / 12 kg cylinder. Diamond vegetables expensive, out of stock Recently, diamond vegetables, also known as snowflake vegetables, suddenly appeared in Hanoi, and were actively bought by people. This vegetable has thick leaves, the leaves and stems have many sparkling seeds like white snowflakes. Notably, the price of this vegetable is not cheap, up to 150,000 VND / kg, but still makes many curious people want to enjoy it once. Diamond vegetables have a fresh, crunchy taste, mild salty taste, soft and juicy leaves and can be eaten raw, so they are popular with customers. Snowflakes (diamond vegetables) make many women curious to buy. According to Ms. Le Thi Duyen in Khuong Mai (Thanh Xuan, Hanoi), snowflake vegetables come from the desert regions of South Africa. They also have another name as diamond vegetable to see the rarity and rarity of this vegetable. However, in recent years, vegetables have been imported to Vietnam and grown by a number of gardeners in Dalat to supply to the market. Quang Ngai chili, onions dropped at a record price According to Zing, traders currently buy chili in Tu Nghia district (Quang Ngai) for only 10,000 VND for 3 kg of chili fruit, the lowest price ever. Chili prices continuously dropped, causing thousands of Quang Ngai farmers to face many difficulties. Chili sold not enough to pay for labor, many farmers in Nghia Thuong commune, Tu Nghia district neglect the ripe chili in the field. In a similar situation, onions growers in Binh Dinh also struggled because onions fell at record prices. Dan Tri newspaper said that the current price of purple onion and pilgrimage in Binh Dinh ranges from 5,000-10,000 VND / kg but still cannot be sold. Meanwhile, in some years, the dry pilgrimage was sold by people for 60,000 VND / kg. The local government plans to “rescue” onions to help farmers. House prices rose sharply due to record high prices of sand and steel According to VTV, the price of construction steel is currently about 18,700-18,800 VND / kg. This price level is 40% higher than that of the end of the third quarter of 2020. Construction contractors nationwide are facing the risk of losing all construction profits, even bankruptcy due to the sudden increase in steel prices. In the face of record high steel prices, condominiums offered to the market are facing the risk of price increases, which have a significant impact on consumers. Currently, the price of construction steel is about 18,700-18,800 VND / kg. (Photo: NLF) Meanwhile, since the Lunar New Year, the price of sand in the West has increased dramatically. Specifically, according to Dan Tri Newspaper, the price of filling sand (good grade) that businesses sell at the yard is from 180,000-200,000 VND / m3, car-building sand is 280,000 VND / m3, sand poured concrete 320,000 VND / m3. The high sand price has caused many projects and works to be delayed. Many businesses have won the bid “cried” because of the price of sand. Pork prices fall, poultry meat is likely to increase According to the General Statistics Office, pork prices in April fell 1.75% from the previous month. The price of live pigs in many localities across the country has cooled down, ranging from 70,000-73,000 VND / kg. Pork prices are low, in the range of 60,000-165,000 VND / kg. The price of pork decreased due to the control of African swine fever, and the guaranteed supply of pork. Accordingly, the price of roast meat, sausages, rolls in April also decreased by 0.46% over the previous month. In April, prices of chicken and eggs of all kinds decreased by 0.22% and 1.2%, respectively, compared to the previous month due to plentiful supplies. However, according to the Ministry of Agriculture and Rural Development, from May onwards, the supply of poultry meat will be in short supply if the farmer continues to leave the barn and not re-herd. If farmers do not maintain the current scale, the risk of lack of chicken products in the second quarter and third quarter of this year. Plum rice cheap as for, equal to 1/3 cup of iced tea Currently, plums growing points in Chieng Co commune, Chieng Ngan, … (Son La city) are in the harvest season and very wrong. But compared to every year at this time, the price of plum rice this year is surprisingly cheap when it does not exceed 5,000 VND / kg, even plum growers have to sell for 1,000 VND / kg to avoid waste. The price of plums falling on the carpet is partly due to the lack of time to harvest the ripe fruit. Another reason is that the plum this year is very wrong, so the yield has also increased significantly. Plum growing households are spontaneous, no traders or businesses stand out to buy. Moreover, the price of plums plummeted down due to the influence of the Covid-19 epidemic, the consumption was also slow, and the purchasing power was weaker. Hanh Nguyen (Synthetic)

1. Why can the RMB regain the 6.5 mark again?

At present, after the CNY regained the 6.5 mark again, there is a certain degree of suppression at the 60-day moving average on the technical level, that is, short-term or strong shocks below 6.4982. We disassemble the fluctuations of CNY for internal and external reasons. The difference between the closing price of the day and the midpoint of the day is regarded as the part of the day trading, and the difference between the midpoint of the day and the closing price of the previous day is regarded as the external shock. The fluctuation of CNY from the past week In terms of factors, the appreciation of the onshore renminbi is mainly caused by external shocks, and considering that the recent dollar index is highly synchronized with onshore and offshore renminbi exchange rates, we believe that the breaking down of the dollar index is a direct result of the recent renminbi’s regaining the 6.5 mark. drive.

Figure 1: From the perspective of internal and external factors, the fluctuation of CNY is mainly due to the fall of the US dollar index (as of April 21)

Source: iFinD South China Research

In fact, relative to the dollar index and the rise and fall of most non-US currencies, the recent appreciation of the renminbi is actually relatively restrained. Since the U.S. dollar index peaked at 93.2860 on March 31, the U.S. dollar index has fallen back by 1.91%. At the same time, most non-U.S. currencies have appreciated against the U.S. dollar. As of April 21, the onshore RMB exchange rate has appreciated by 1.20. %, the appreciation of non-US currencies such as the euro and the yen against the US dollar was 2.17% and 2.29%, respectively. It can be seen that the recent increase in the renminbi has been relatively small. We believe that there may be two reasons for this: 1. We have observed a slight increase in the degree of tension in Sino-US relations since the beginning of April, which may have restricted the recent appreciation of the renminbi. 2. In addition, since the closing of the foreign exchange purchase window in the first quarter, the recent strong performance of the RMB exchange rate may lead to an increase in short-term foreign exchange purchase demand by importing companies, which in turn suppressed the appreciation of the RMB.

Figure 2: The appreciation and devaluation of major international currencies in April (as of April 21)

Source: iFinD South China Research

1. How to understand the continuous decline of the U.S. dollar index since the beginning of April?

   This wave of decline in the U.S. dollar index began at the end of March and early April. This point in time also corresponds to the recent peak and fall of U.S. Treasury yields, and we believe that the decline in U.S. Treasury yields is the primary reason for the continuous decline of the U.S. dollar index since early April. the reason.

   First, the nominal and real interest rates of U.S. bonds fell simultaneously, and the difference between U.S. and German bond yields fell rapidly. At the beginning of April, the U.S. Treasury yield fell from a high of 1.75% for the second time. As of April 21, the U.S. Treasury yield has fallen below 1.6%. At the same time, the actual yield based on inflation has also begun to fluctuate lower, that is, nominal. Interest rates and real interest rates have both fallen. Although inflation expectations are still fluctuating above the 70% quantile, which is similar to the level at the end of March, both nominal and real interest rates have fluctuated and fell, and the market’s response to inflation expectations is no longer as good. As anxious at the end of March. Observing the fluctuations in the yields of 10-year Treasury bonds in various countries since April, the yields of 10-year U.S. Treasuries have fallen by 15bps since April. In comparison, with the exception of the United Kingdom, major European economies such as France and Germany have fallen for 10 years. U.S. bond yields are still showing a continuing upward trend. The current US-German spread has significantly declined compared with the end of March, and is basically close to the level of early March.

   Figure 3: Since April, the difference between the US and major non-US Treasury bond yields has dropped significantly (as of April 21)

   

   Source: iFinD South China Research

   The decline in U.S. bond interest rates is mainly due to the expected reversal of global capital markets, and has nothing to do with the fundamentals of the U.S. economy. From the retail, CPI, and employment data released by the United States last week, various economic data exceeded expectations, and the tone of the U.S. economy continued to improve temporarily. Therefore, the decline in U.S. bond interest rates is only short-lived. We believe that the decline in U.S. Treasury interest rates is mainly due to the decline in market panic over the reduction of easing policies following the rise of new confirmed cases worldwide. The basic logic behind this lies in the fact that the uncertainty of the global epidemic has increased — the need for easing monetary policies to continue to stimulate the economy still remains — policy reductions and panic decline — demand for U.S. debt allocation is improving — U.S. interest rates have fallen. According to the latest 20-year U.S. Treasury auctions announced by the U.S. Treasury Department on April 21, the demand for U.S. debt allocation has indeed rebounded again since April, leading to a decline in U.S. Treasury yields.

   Table 1: The latest U.S. Treasury auction shows rising demand for U.S. debt allocation

   

   Data source: South China Research of the U.S. Department of the Treasury

   Secondly, in addition to the fall in U.S. bond yields, the improvement of the epidemic in Europe and the acceleration of vaccine progress are also reasons for the decline in the US dollar index. We know that there is a strong correlation between the gap in newly diagnosed cases in the United States and Europe and the US dollar index, and the bottom out of the gap in newly diagnosed cases in the United States and Europe and the recent rebound of the euro against the dollar also started at the end of March. Since the Eurozone implemented the epidemic lockdown measures on March 18, judging from the new confirmed cases, the new cases in Europe have been well controlled. Except for France, the new confirmed cases in Germany, Spain, Italy and other countries have dropped, and recently The distribution of vaccines in Europe has also begun to accelerate, which supported the euro and caused pressure on the dollar index.

   Figure 4: Newly diagnosed cases around the world are on the rise again, and epidemic control in Europe has improved (unit: person)

   

   Source: iFinD South China Research

   Furthermore, short-term dollar liquidity is relatively abundant under the dovish statement of the Federal Reserve. Judging from the dovish statements made by Fed Chairman Powell last week, he mentioned that he will wait until the inflation rate continues to reach 2% and the labor market fully recovers before considering raising interest rates. These two conditions are unlikely to be met by the end of 2022. Powell reiterated to allow inflation to be higher than 2% for a period of time. In addition, Powell did not mention the recent QE reduction roadmap mentioned by Fed officials, but pointed out that the time for the reduction may be much earlier than the interest rate hike. In fact, although this statement only conveys a basic concept, it has greatly eased the market’s expectations of shrinking. This statement made the market believe that the Fed will indeed remain accommodative in the short term, and that the time gap between reducing debt purchases and raising interest rates may be larger than market expectations. The current market expects that the Fed will formally discuss the reduction in July, or at the earliest in May and June, and the actual implementation of the reduction may not be until the end of the year. The U.S. Treasury Department has stated that it will halve the balance of its huge so-called Treasury General Account (TGA) by April and reduce it to 500 billion U.S. dollars by the end of June. Judging from the latest trends in the Fed’s balance sheet, the TGA account Indeed, it has fallen rapidly in the near future, which means that the financial market has injected a lot of liquidity in the short term. Therefore, the short-term U.S. dollar index has undergone a certain correction when the U.S. dollar liquidity is abundant, and the possibility of a large-scale rebound before policy expectations shifts is low.

   Figure 5: Quick release of TGA account balance of the US Department of the Treasury (unit: millions of dollars)

   

   Source: South China Research on the Federal Reserve’s official website

2. How will the RMB exchange rate go in the future?

   From the current point of view, since the US dollar index fell below 91, the downward movement seems to have slowed down, and the renminbi has moved strongly, rising above 6.49 after regaining the 6.5 mark. In the short term, before the U.S. is guided by shrinking expectations or the global capital market is expected to shift, it is expected that the US dollar index will not be able to get out of a large-scale rebound, and the renminbi will also likely follow the US dollar index in the current central two-way fluctuations. However, in the medium and long term, U.S. Treasury yields will continue to rise as the U.S. economy continues to improve. The current corrections in the U.S. dollar index and U.S. Treasury yields are only temporary. Therefore, we need to pay attention to the Fed’s tightening expectations or the medium-term renminbi. Cause a certain depreciation pressure.

   Author: Ma Yan Nanhua Futures Institute

   Investment consulting qualification certificate number Z0012651

   (Editor in charge: Chen Zhuang)

   [Disclaimer]This article only represents the views of the co-contributor, not the position of Hexun.com. Investors operate accordingly at their own risk.

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./.

Panoramic villa Villa Firenze is located in Beverly Hills, California The largest estate in North Beverly Park, an exclusively controlled community that used to be the home of Denzel Washington, Eddie Murphy, Sylvester Stallone, Rod Stewart and Kimora Lee Simmons. This property has a living space of more than 1,858 m2, with 3 guest areas, 13 bedrooms, 17 bathrooms and 8 bathrooms. Swimming pool is one of the highlights of this villa The mansion, built over five years by architect William Hablinski, has marble and stone floors, arched doors and lots of fireplaces. The campus includes a swimming pool, tennis courts and trails. Udvar-Hazy, who immigrated to the United States from Hungary when he was young, is considered one of the founders of the airplane rental industry. He founded International Lease Finance, which was sold to insurer American International Group in 1990 for $ 1.3 billion (equivalent to VND 30,068 billion). He is currently the Executive Chairman of Air Lease. Forbes estimates his net worth is about $ 4 billion (equivalent to 92,516 billion). Aerial view of the villa The most expensive villa ever auctioned was a beach house in Hillsboro Beach, Florida. The 2,787-square-meter villa called Playa Vista Isle was once valued at $ 159 million (equivalent to 3,677 billion) in 2015. It was auctioned by Concierge Auctions in 2018 for $ 42.5 million. equivalent to 982 billion dong). Photos inside the villa Marble arches and domed ceilings evoke the charms of European design. Spacious living area The entrance to the fountain and courtyard can hold up to 30 cars

Rihanna has collaborated with several famous brands such as Dior, Manolo Blahnik, Stance Socks, Puma and River Islan. However, independent projects are what sets her apart in the fashion and beauty fields, according to her WWD . Behind the name Fenty Beauty Rihanna’s first business – Fenty Beauty – has launched an unprecedented 40-tone line of foundation creams, setting a new standard for diversity. Voice Diamonds want women everywhere to be able to use it, regardless of skin color or style. The brand launched in 2017 in partnership with Kendo Beauty division from luxury group LVMH. This “handshake” allows Rihanna to leverage her marketing and product development savvy into the beauty industry. Rihanna’s love for makeup began when she was a child. Photo: V Magazine. One of the benefits of this combination is access to all sales data from Sephora as well as other LVMH beauty brands. The partnership with LVMH gives Fenty Beauty the infrastructure needed to launch the brand globally. After years of playing among the best makeup products in the industry, Rihanna has seen a “void” for products that are suitable for all women of all skin tones. That is the inspiration behind Fenty Beauty. “I always love looking at my mother and all her funny expressions in front of the mirror. The first time I put on makeup was when I was 16 for a school beauty contest. Since then, I can never look back at my skin without foundation, “the businesswoman shared Time. Rihanna’s beauty brand was named one of the magazine’s best inventions of 2017 Time . By 2019, Fenty Beauty launches products with 50 shades. This helps her brand stand out from its competitors. Rihanna’s beauty brand is widely supported. Photo: Getty. Fenty Beauty has produced products of higher quality than its competitors. In 2014, Rihanna registered a trademark for Fenty Beauty. She spent more than 2 years creating the right recipes before the product dropped in price. Entrepreneurs born in 1988 never want the brand to become a project in a hurry. One girl even cried while hitting Rihanna’s foundation because it matched her skin color. The first release products are considered by many to be reasonably priced and accessible to a wide range of customers. After a month of launch, Fenty Beauty has reached a turnover of 72 million USD. Get rich with lingerie brands Following the success of the beauty brand, Rihanna continues to launch lingerie brand Savage x Fenty (established in 2018) in partnership with TechStyle. Savage x Fenty has 90 underwear, pajamas and accessories models in many colors and sizes. Within a month, 90 product styles of the brand were sold out. Since she couldn’t find the right nude lingerie to wear in her see-through dress back in 2014, Rihanna wanted to supply products for all skin tones. This product line carries a positive message about the body. Savage x Fenty is not meant to please men. The brand emphasizes “fearlessness, confidence and inclusion”. Its presence serves as a wake-up call for lingerie retailers around the world. Most companies are constantly striving to create the personality of their buyers, targeting focused to help them segment the market. Song Rihanna ignored that trend. This is the key to her success. Rihanna continues to use the same strategy as Fenty Beauty for the lingerie brand. Photo: The Impression. Fenty Senior Vice President Jennifer Rosales – explains Savage x Fenty for everyone. “Everything she does makes people feel beautiful. They feel empowered, empowered, to be the best version,” Jennifer Rosales said. During the 2019 fashion show, the brand introduced many models, including transsexuals, with disabilities, with different body sizes. According to Jennifer Rosales, Rihanna goes against what is considered the norm. “Technically, Savage x Fenty 2019 is a fashion show. But Rihanna is not remake of the things that existed on the catwalk. She has raised the show concept. If the world turns right, we will. go in the opposite direction, “said senior vice president. Not stopping at female audiences, Rihanna also targets male customers. The businesswoman once again broke the barrier on the show Savage x Fenty Vol.2. An oversized male model performs at her first men’s underwear collection. The brand’s website also features many oversized male models. This decision attracts interest from the online community, encouraging men with large bodies to feel sexy. Rihana’s lingerie show includes an oversized model, older … Photo: Getty, Harper’s Bazaar, Vogue. Besides, actress Demi Moore, Luenell also participated in the show. Rihanna ensures that all sex, body size, and age have the ability to shine. According to the Inc It is the attention to the smallest details that makes a big difference in the minds of customers. “Everything is thought through in detail,” said the voice We Found Love share in documentaries. In mid-February, Forbes said Rihanna’s lingerie brand reached a valuation of $ 1 billion through a fundraising round. Before this round of fundraising, her estimated stake in the company was about $ 80 million. Last year, Rihanna’s lingerie brand saw over 200% revenue growth and increased the number of VIP members by more than 150%. While with Fenty Beauty, Forbes Rihanna’s stake is estimated to be worth $ 375 million. Rihanna has made history as the first woman to create an original brand at LVMH.

Recently, Rihanna continued to cause “storm” when she became the owner of one of the most expensive apartments in Beverly Hills. It is known that this house is 2,000 square meters wide and was once owned by Mary Sheldon – daughter of famous writer Sidney Sheldon. Rihanna’s mansion from above Not only a singer, Rihanna is also a great businessman According to international media, the new “residence” of this star costs nearly 14 million USD (about 318 billion VND). The apartment was built in 1938, located on a slope of Beverly Hills. From inside the house, one can see the magnificent Coldwater gorge. In addition, the structure of the villa is also remarkable. With open spaces surrounding the courtyard, the occupants can access most of the living and dining areas through the sliding glass doors. Besides, the house also has 5 bedrooms, 7 bathrooms, along with a swimming pool, hot tub and outdoor entertainment area. The villa has a luxurious design with open space, an outdoor swimming pool. And of course, Rihanna’s new residence is large enough to hold a barbecue at home. The home gym is also equipped with modern facilities. HOANG TT According to Synthesis