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Ministry dismisses PetroVietnam's proposal for protectionism: report

At least one ministry has explicitly rejected a proposal for limiting fuel imports submitted by state-owned energy giant PetroVietnam, whose products have been struggling to compete with cheap imports, local media reported on Friday. In a letter to the government, the Ministry of Planning and Investment said PetroVietnam will hold ...

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Vietnam's state revenue hit by oil slump

Vietnam’s state revenue grew 2.4 percent to VND160.1 trillion (US$ 7.08 billion) in the first two months compared to the same period last year, the Ministry of Finance said on Thursday. That is significantly lower than the 17.3 percent increase this time last year.  Earnings from crude oil, one of the ...

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Ralph Baruch, Who Shaped Viacom’s Rise, Dies at 92

By WILLIAM GRIMES March 4, 2016 Ralph M. Baruch, a refugee from Nazi Germany who turned Viacom, a small cable and syndication company that CBS spun off in 1971, into a communications and entertainment giant, died on Thursday at his home in Manhattan. He was 92. His death was confirmed by his ...

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AMC Deal for Carmike Would Create Biggest U.S. Theater Chain

By MICHAEL J. de la MERCED and MICHAEL CIEPLY March 3, 2016 In a significant consolidation of movie theater holdings, AMC Entertainment will acquire Carmike Cinemas for about $ 737 million in cash, forming the country’s largest chain with more than 600 theaters, the companies said on Thursday. Under the terms of the deal, AMC will pay ...

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