![]() ![]() 1 Comscore® Multi-Platform, Business/Finance News category, January 2021, U. It’s the place for insight-driven investors, financial professionals and business leaders who take their money seriously. She said Washington was looking to strengthen ties with emerging markets and developing countries, including through the Group of Seven's pledge to mobilize $600 billion in infrastructure investments, which experts see as a deliberate counterweight to China's Belt and Road Initiative. Yahoo Finance delivers hours of live, daily market coverage, with expert analysis and real-time market data right in the app. Some banks will need to upgrade older payment infrastructures, accounting procedures, and other back-office processes to. It is open and inclusive of advanced economies, emerging markets and developing countries alike." The US isn’t mandating that financial institutions offer the service. In the past week, a combination of second-quarter earnings and newly released. She underscored that Washington's "friendshoring" drive was not meant for "an exclusive club of countries. applications for jobless claims fell by 9,000 to 228,000 for the week ending July 15, from 237,000 previous week, the Labor Department reported Thursday. The next stage of the US economy is ‘unspectacular growth’. Yellen's speech did not mention China, which she visited earlier this month. companies in Vietnam, including Arizona-based Amkor and Intel, which has its largest assembly and testing facility in the world in Saigon. Yellen noted that Vietnam had become a critical node in the global semiconductor supply chain, and cited big investments made by U.S. ![]() The United States and Vietnam normalized relations in 1995, two decades after the end of the Vietnam War, and signed a bilateral trade agreement five years later. stocks posted outsized gains Thursday, logging their biggest one-day climb in two years, as Wall Street. But its efforts have met some resistance in Hanoi, over what experts see as concerns that China could view the move as hostile. Stock market news live updates: Stocks stage blowout rally after milder CPI print. Yellen's visit is part of a push by the United States to upgrade its formal ties with Vietnam as it works to reduce dependence on Chinese supply chains by expanding manufacturing at home and boosting trade with trusted partners. "There is no sign that this momentum is slowing," Yellen said in a text of her prepared remarks released late on Thursday in Washington, noting that investment in Vietnam's semiconductor sector was also accelerating. Yellen, continuing her travels in Asia, told the U.S.-ASEAN Business Council that trade between the two countries had been growing at nearly 25% a year for the past two decades, and reached a record high last year. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial. ![]()
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