ECONOMY

State Bank of Vietnam has raised its reference rate by 1% to 21,890 dong per US dollar.

Shortfall the largest recorded in 5 months, hiking chances of further fiscal stimulus.

Some 60 MPs voted against or abstained in test ballot on the €86bn Athens rescue package.

The deal entails a €1.23bn payment from Fraport for the entire period of 50 years and a rent

Tourism accounts for around 20% of Thailand's gross domestic product (GDP), including indirect effects.

Weak outlook on inflation rate has made analysts think an interest rate rise in 2015 would be too soon.

CEO Jeff Fairburn stated Persimmon makes the most out of the opportunities of the current housing market.

Brent crude is trading down 0.27% at $48.61 per barrel as at 5.48 am GMT, while WTI crude fell 0.14% at $41.81.

Sale is part of Chancellor George Osborne's privatisation programme to reduce public debt.

The falling price of oil is piling pressure on the Saudi economy.

Average FTSE 100 CEO pay jumped to £4.964m in 2014, compared to £27,195 median pay for full-time employee.

Growth declined at an annualised pace of 1.6% in the second quarter, compared to market forecast of a 1.9% fall.

Monetary Police Committee member says a rate hike takes 1-2 years to take full effect.

US is working hard to address domestic oil glut caused by its shale boom.

IMF praises China's recent steps allowing market forces to have greater role in determining exchange rate.

A Paris summit will see global leaders discuss environmental cost of world's fossil fuel habit.

Greece is haemorrhaging high-skilled workers.

Reforms Greece promises in exchange for deal include improvement of VAT and pension systems.

Iran will discuss its new oil contract models and 45 oil and gas projects including oil and gas exploration with international oil companies at December conference.

Ma dismisses market fears that the yuan will face new downward pressure.

EXCLUSIVE: IBTimes UK speaks with UK companies on Nigerian stolen funds and anti-corruption initiatives.

Osborne targeting £1tn value of UK exports by end of decade, but weak China threatens goal.

The project will link the Atlantic and Pacific coasts of Nicaragua with a 173-mile shipping canal

Period measures did not include times of capital controls and closure of Athens Stock Exchange.

British tourists have been enjoying an exceptionally strong pound.

WGC says gold demand dropped 12% to a six-year low of 914.9 tonnes in Q2, while supply fell by 5%.

Core machinery orders fell 7.9% in June from May, down for first time in four months.

People's Bank of China's fresh devaluation by 1.1% raises fears of global currency war.

Former finance chief claims top officials involved in bailout negotiations feel the same way.