Market violations

Illustrative photo:SGGP/ Viet Chung The Office of the Ministry of Industry and Trade this morning informed that gasoline, an essential goods, directly affecting the production activities of enterprises as well as people’s livelihoods.  The gasoline price hugely affects the Consumer Price Index (CPI) which impacts the whole country’s macroeconomy. From the beginning of the year up to now, the local and international gasoline markets have been uncertain affecting the fuel supply and prices in the local market. Currently, the whole country has 38 wholesalers of gasoline, 329 gasoline distributors and nearly 17,000 retail gas stations. In order to strengthen state management in the field of gasoline business , prevent violations in petroleum business activities, and support the authorities in regulating the supply and demand of gasoline, it is necessary to apply information technology in updating data for petroleum trading enterprises across the country related to gasoline … [Read more...] about Vietnam puts gasoline database system into operation to avoid violations

The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of Twitter by March 14. They asked to be certified as a class and to be awarded an unspecified amount of punitive and compensatory damages. They also named Twitter as a defendant, arguing the company had an obligation to investigate Musk's conduct, though they are not seeking damages from the firm. The investors said Musk continued to buy stock after that, and ultimately disclosed in early April that he owned 9.2% of the company, according to the lawsuit, filed on Wednesday in San Francisco federal court. "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," said the investors, led by Virginia resident William Heresniak. Neither Musk nor his lawyer immediately responded to requests for comment. Twitter declined to comment. The investors said the recent drop in Tesla's stock has … [Read more...] about Musk sued by Twitter investors for stock ‘manipulation’ during takeover bid

Party General Secretary Nguyễn Phú Trọng, head of the Central Steering Committee for Anti-corruption. — VNA/VNS Photo HÀ NỘI — The fight against corruption and other negative phenomena has been stepped up and expanded to new, tough and lingering areas like land, finance, stock markets and bidding since the beginning of this year. Responding to instructions by Party General Secretary Nguyễn Phú Trọng, who is also head of the Central Steering Committee for Anti-Corruption, agencies have sped up the settlement of major, complex corruption cases that have caused concern among the public. Bringing the cases to light has demonstrated the strong resolve of the Party and the State in the fight against corruption which has won the support and trust of the public. Crackdowns on bidding regulation violations that cause serious consequences, bribery and abuse of power at Việt Á Technologies JSC, the Centre for Disease Control in the northern province of Hải Dương, and other agencies and … [Read more...] about Fight against corruption continues in tough new areas