Vietnam Stocks Near Record on Reform Hopes, Trade Deal Optimism
The government is undertaking its biggest administrative overhaul in decades to shrink bureaucracy as Prime Minister Pham Minh Chinh pushes for more than 8% economic growth this year. A trade deal that cut US tariffs on the nation's goods to 20% from 46% in April also clears an overhang for the market.
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Yahoo
6 minutes ago
- Yahoo
PPG, Asian Paints renew India joint venture in 15-year agreement
Agreement builds on successful partnership in one of world's fastest growing economies PITTSBURGH, August 04, 2025--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the extension of its joint venture agreement in India with Asian Paints Ltd. The 15-year renewal will allow the companies to continue serving the country's industrial, protective, marine, packaging, automotive and powder coatings customers with industry-leading solutions that solve customers' biggest challenges. The extension will take effect in 2026 and run through 2041. "We are pleased to announce the renewal of our joint venture with Asian Paints, which is a testament to the past success and strong growth potential in this key market," said Tim Knavish, PPG chairman and CEO. "This decades-long relationship is a key success factor for our business in India, and we look forward to serving customers in this rapidly growing region." The partnership was established in 1997 with the formation of a 50-50 joint venture, PPG Asian Paints Private Ltd., to service the automotive, refinish, marine and consumer packaging markets. It was expanded in 2012 with the formation of a separate 50-50 joint venture, Asian Paints PPG Private Ltd., to service the protective and powder coatings market. Both joint ventures will continue to leverage PPG's technical expertise and global footprint. PPG will continue to have management control of PPG Asian Paints Private Ltd., and Asian Paints Ltd will have effective management control of Asian Paints PPG Private Ltd. to best utilize the companies' respective strengths. To learn more about Asian Paints Ltd., visit To learn more about Asian Paints PPG Ltd., visit About Asian Paints Limited Asian Paints is India's leading paint and decor company and ranked among the top eight coatings companies in the world with a consolidated turnover of ₹ 33,797 crores (₹ 338 billion) with a market capital of approx. ₹ 2,276 billion. Asian Paints, along with its subsidiaries, have operations in 14 countries across the world with 26 paint manufacturing facilities, servicing consumers in over 60 countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is the leading player in the Integrated Décor space in India. To learn more, visit PPG: WE PROTECT AND BEAUTIFY THE WORLD® At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc. CATEGORY Corporate View source version on Contacts Media Contacts:Greta Edgar BorzaPPG Corporate Communications+1 724 316 7552edgar@ Parag RaneAsian Paints Ltd.+91 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
9 minutes ago
- Associated Press
PPG, Asian Paints renew India joint venture in 15-year agreement
PITTSBURGH--(BUSINESS WIRE)--Aug 4, 2025-- PPG (NYSE:PPG) today announced the extension of its joint venture agreement in India with Asian Paints Ltd. The 15-year renewal will allow the companies to continue serving the country's industrial, protective, marine, packaging, automotive and powder coatings customers with industry-leading solutions that solve customers' biggest challenges. The extension will take effect in 2026 and run through 2041. 'We are pleased to announce the renewal of our joint venture with Asian Paints, which is a testament to the past success and strong growth potential in this key market,' said Tim Knavish, PPG chairman and CEO. 'This decades-long relationship is a key success factor for our business in India, and we look forward to serving customers in this rapidly growing region.' The partnership was established in 1997 with the formation of a 50-50 joint venture, PPG Asian Paints Private Ltd., to service the automotive, refinish, marine and consumer packaging markets. It was expanded in 2012 with the formation of a separate 50-50 joint venture, Asian Paints PPG Private Ltd., to service the protective and powder coatings market. Both joint ventures will continue to leverage PPG's technical expertise and global footprint. PPG will continue to have management control of PPG Asian Paints Private Ltd., and Asian Paints Ltd will have effective management control of Asian Paints PPG Private Ltd. to best utilize the companies' respective strengths. To learn more about Asian Paints Ltd., visit To learn more about Asian Paints PPG Ltd., visit About Asian Paints Limited Asian Paints is India's leading paint and decor company and ranked among the top eight coatings companies in the world with a consolidated turnover of ₹ 33,797 crores (₹ 338 billion) with a market capital of approx. ₹ 2,276 billion. Asian Paints, along with its subsidiaries, have operations in 14 countries across the world with 26 paint manufacturing facilities, servicing consumers in over 60 countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is the leading player in the Integrated Décor space in India. To learn more, visit PPG: WE PROTECT AND BEAUTIFY THE WORLD® At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc. CATEGORY Corporate View source version on CONTACT: Media Contacts: Greta Edgar Borza PPG Corporate Communications +1 724 316 7552 [email protected] Rane Asian Paints Ltd. +91 9820559673 [email protected] KEYWORD: UNITED STATES INDIA NORTH AMERICA ASIA PACIFIC PENNSYLVANIA INDUSTRY KEYWORD: AUTOMOTIVE OTHER MANUFACTURING TEXTILES PACKAGING OTHER RETAIL ENGINEERING CHEMICALS/PLASTICS AUTOMOTIVE MANUFACTURING AEROSPACE SPECIALTY MANUFACTURING GENERAL AUTOMOTIVE OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY RETAIL MARITIME INTERIOR DESIGN TRANSPORT HOME GOODS SOURCE: PPG Copyright Business Wire 2025. PUB: 08/04/2025 12:30 PM/DISC: 08/04/2025 12:30 PM
Associated Press
9 minutes ago
- Associated Press
Schwab Trading Activity Index™: Cautious Optimism in July as STAX Score Edges Upward
WESTLAKE, Texas--(BUSINESS WIRE)--Aug 4, 2025-- The Schwab Trading Activity Index™ (STAX) increased to 41.79 in July, up from its score of 40.66 in June. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. This press release features multimedia. View the full release here: The reading for the four-week period ending July 25, 2025, ranks 'low' compared to historic averages. 'What the July STAX shows us is that while Schwab's retail clients are bullish, that optimism is measured,' said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. 'The S&P 500 may have hit new all-time highs in July, but when we consider the ways Schwab's retail clients are engaging with the markets, we're not seeing the kinds of risk-on strategies that would indicate a lot of confidence in the rally's longevity.' Stock market volatility fell to five-month lows in July, easing as geopolitical worries receded and the U.S. budget debate got settled relatively easily. Tariff concerns remain in the market, but a deal with Japan in late July with 15% tariffs on its products appeared to calm worries. The Cboe Volatility Index® (VIX) fell beneath 15 by late July, well below its historic 20 average. Economic data generally held up decently during the STAX period, with June seeing 147,000 U.S. jobs created and unemployment dropping to 4.1%, both improvements from May. Retail sales in June grew a healthy 0.6% from May, and preliminary July University of Michigan Consumer Sentiment rose to 61.8, its highest level in five months. Inflation reports in July brought new concerns that tariffs might be factoring into price growth, though monthly gains weren't extraordinary. The June Consumer Price Index (CPI) saw headline CPI up 0.2% and core – which excludes food and energy – up 0.3% from May. And on an annual basis, the CPI rose 2.7%, up from 2.4% in May. Even as services prices saw slower increases, prices of goods ticked higher, to some a sign that tariffs were beginning to take their toll. Prices for toys, clothing, and furnishings rose. Second quarter earnings season got off to a mostly solid start in July, with around 83% of companies exceeding Wall Street analysts' expectations. The estimate for blended second quarter profit growth, which includes companies reporting and projections of companies yet to report, rose while actual earnings from companies reporting the first few weeks of earnings season climbed more than 8%. The rally in July broadened through the month, with nearly 75% of S&P 500 stocks trading above their respective 50-day moving averages by the end of the STAX period. Volatility continued to depress, pushing the VIX to the low 15's, as the S&P 500 failed to record a 1% move for the fourth consecutive week. Stocks briefly dove and yields for the 10-year Treasury note climbed to nearly 4.5%, the high end of their recent range, on media reports that President Trump had asked congressional Republicans if he should fire U.S. Federal Reserve Chairman Jerome Powell. After reassurance that the termination would not take place, stocks resumed their rally and yields eased. Aside from that spike, the Treasury market generally marched in place during July despite worries that the Republican budget plan could significantly raise U.S. debt (yields trade inversely to Treasuries). Yields again fell below 4.3% for the benchmark 10-year note in early July, but mostly stayed between 4.3% and 4.5%, not far from the Fed's target range. Popular names bought by Schwab clients during the period included: Names net sold by Schwab clients during the period included: About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim ® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0825-TAZA View source version on CONTACT: At the Company Margaret Farrell Director, Corporate Communications (203) 434-2240 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: The Charles Schwab Corporation Copyright Business Wire 2025. PUB: 08/04/2025 12:30 PM/DISC: 08/04/2025 12:29 PM
