Correcting and Replacing - Coca-Cola Enterprises (CCE) updated its guidance, not The Coca-Cola Company (KO), as the orginal version stated. KO has NOT provided guidance. Coca-Cola Enterprises (CCE) on Tuesday September 8, 2009, narrowed its annual earnings guidance to the high end of the previously guided range of $1.44 to $1.49 per share. The revision was based on the performance of the company in the third quarter so far. The guidance excludes one-time items and includes an approximate 15 cent per share of negative currency translation. Management intends to boost sales through continued investment in its brands and new product innovation. Moreover, during the quarter, the company announced plans to invest an additional $200 million in Vietnam over the next three years. The company has already invested $200 million in its operations, comprising bottling plants near Hanoi, Da Nang and Ho Chi Minh ...

The Coca Cola Company (KO) on Tuesday September 8, 2009, narrowed its annual earnings guidance to the high end of the previously guided range of $1.44 to $1.49 per share. The revision was based on the performance of the company in the third quarter so far. The guidance excludes one-time items and includes an approximate 15 cent per share of negative currency translation. Management intends to boost sales through continued investment in its brands and new product innovation. Moreover, during the quarter, the company announced plans to invest an additional $200 million in Vietnam over the next three years. The company has already invested $200 million in its operations, comprising bottling plants near Hanoi, Da Nang and Ho Chi Minh City. Management at The Coca Cola Company considers Vietnam an important growth market. Moreover, strong performances for the company in emerging markets could also be ...

Today, Cavico Corp., a leading infrastructure development company, announced that its wholly owned subsidiary, Cavico Hydropower Construction JSC, has completed the construction of the Dasiat Hydropower Plant. The subsidiary has begun the process of transferring the project over to Southern Hydropower Joint Stock Company, the project’s owner.

Cavico Hydropower started this $4.6 million construction project in July 2006. It supplied equipment for waterways including surge tanks, intakes, the headrace tunnel, and other construction related work, including the creation of a 1.44-mile headrace tunnel. The tunnel is considered to be the narrowest tunnel in Vietnam. The new hydropower plant has been designed and engineered to have a capacity of 13.5 megawatts, and is expected to supply the region with 57.7 million kilowatt-hours of electricity per year.

Hai Thanh Tran, Vice President of Cavico Corp. stated, “We are very pleased to announce the completion of Dasiat Hydropower Plant as per schedule. We will continue

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Behold the “negative basis trade,” per John Dizard: “You can own a corporate bond, or emerging market sovereign bond, buy default protection on the paper with CDS, and collect interest payments for taking no risk. That’s right: because CDS prices are depressed, relative to the comparable bonds, you can collect money for taking no risk.” Per Riccardo Barbieri of BofA-Merrill Lynch, “as long as [oil] prices rise only moderately from here – say, revisiting the $80 a barrel level by year-end, this would not pose severe risks for the advanced economies, while the emerging ones would be able to tolerate even higher levels, say, $100, in due course.” David Pilling notes that “Vietnamese exports have been fairly resilient. While economies such as Singapore and Taiwan have seen declines of 30 or 40 per cent in shipments, Vietnam was down a modest 3.7 per cent in the first ...

Vietnam’s central bank will gradually widen the band in which the country’s currency is allowed to trade against the U.S. dollar, Pham Huu Phuong, head of the central bank’s representative office in Ho Chi Minh City, told a state run newspaper on Thursday. The dong is presently allowed to trade against the dollar within a three-percent band around a midpoint rate set daily by the central bank. Vietnam’s exchange rate has experienced a turbulent past few months, due primarily to the global rise of the dollar since the onset of the financial crisis, as nervous investors pulled money out of emerging markets like Vietnam. The dong had been rising against the dollar early in the year due to large inflows of foreign investment. It then dropped sharply in late spring on fears of a currency crisis due to rampant inflation. It ...