Sunday, July 24, 2011

Asia This Day:Vietnam Prices Soar

Vietnam's inflation is up 22.16%,the highest in the region.Vietnam says it is unlikely it will meet its 17% inflation target.Food and transport costs are up,and raising interest rates didn't help restrain inflation.In Asia generally,higher oil and food expenses,coupled with a tight labor market,are driving inflation higher.
Korean electronics titan Samsung is the global smart phone leader,according to the latest research.The company has sold up to 21 million smart phones,with Apple coming in second and Nokia third.Samsung's Android-based phones are extremely popular.
Australia's Cadel Evans has won the Tour de France cycling event.At 34,he is the oldest winner of the race since 1923.
The New Zealand dollar,the kiwi,is near a record high on concern over the U.S. debt problem.Asian shares were modestly lower this morning,Monday,for the same reason.
In Ho Chi Minh City Saigon,it was 84F under partly cloudy skies.The humidity was 74%,with winds SW at 9 mph.

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