Interpol is on the hunt for fugitives accused of such crimes as ivory smuggling. illegal logging, and trafficking live animals
The cosmetics retailer is facing a lawsuit
The oil market has moved beyond the Keystone XL pipeline
A new tool detects computer malware that’s watching your every move
The provider of high-interest business loans nears an IPO, on the strength of its data-powered credit analysis—and a network of shady brokers
Nike expects revenue from women to outpace its men's business.
Twist, stretch, twirl: a day in the life of a candy cane
Educational Credit Management, a guarantor and collector of student loans, wants to buy 56 campuses from Corinthian Colleges
The novelty items are hot for retailers large and small
Budget balance: -1.7%
Current account: -13.6%
Sovereign credit rating: BB/Negative
Stock market: -55.0%
After several years of export-led growth, Vietnam's economy is showing signs of overheating. In the first half of 2008, the currency fell, inflation jumped from 10% to 21%, and the trade deficit rose to $14.2 billion--the same amount posted for all of 2007. To offset these problems, the government has cut back on spending and tightened controls on bank lending, which expanded 50% last year. That has helped reduce the deficit recorded in the first half of 2008, although GDP growth estimates also have been slashed to 7% this year and 6.5% to 7% in 2009, compared with typical rates above 8% in recent years.