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The deal is the biggest economic component of an official visit to France’s former colony by Philippe from Nov. 2-4, during which he will oversee deals with French firms and hold talks with Vietnamese counterpart Nguyen Xuan Phuc, they said. Airbus and Vietjet both declined to comment. Vietnam and France also signed an agreement in September to expand defense collaboration, although details are scant. VietJet CEO Nguyen Thi Phuong Thao told Reuters this week that Vietjet plans to maintain an average fleet age of just three years to keep fuel and maintenance costs low.
It placed provisional orders for the A321neo jets and 100 Boeing 737 MAX jets in Farnborough and has been difference between studs and cufflinks negotiating to firm them up, with deliveries expected between 2020 and 2025, The formal signing, to take place on Friday, will help to dispel doubts over the substance of deals announced in Farnborough, which was marked by a rash of vague or incomplete order announcements, Finalizing such deals can involve tough negotiations as airlines try to squeeze out last-minute concessions, However, finance industry sources have expressed concerns about a glut of orders in Southeast Asia from airlines like Vietjet, Malaysia’s AirAsia (AIRA.KL) and Lion Air of Indonesia and question whether all of the several hundreds of planes on order from the Asian low-cost carriers will actually be delivered..
Vietjet told the Airline Economics conference in Hong Kong this week that low-cost airlines have a relatively low market position in Vietnam, and that those most successful in driving down unit costs would ride out any downturn in the market. Vietnam’s expansion has also been peppered with trade sensitivities as Vietjet - which says it enjoys government support - juggled Airbus and Boeing procurements: a strategy also designed to win bigger discounts. Two years ago, Boeing upstaged Airbus by clinching an order for 100 737s during a visit by then-U.S. President Barack Obama.
NEW YORK (Reuters) - U.S, homebuilders’ earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering, The S&P Composite 1500 Homebuilding index .SPCOMHOME has dropped 9.4 percent difference between studs and cufflinks in October and 31.2 percent year-to-date, but the homebuilding stock index has recovered by 8.2 percent since Oct, 24, The benchmark S&P 500 .SPX index lost 6.94 percent in October, its worst month since September 2011, but recovered by 2.1 percent since last Wednesday..
On Wednesday last week, Wall Street stocks were hit by U.S. Commerce Department data showing September sales of new single-family homes fell to a near two-year low. The average U.S. 30-year mortgage rate rose to 5.11 percent the week of Oct. 19, its highest level since February 2011, the Mortgage Bankers Association said. Since then, mortgage rates have come down again as the 10-year U.S. Treasury yield, on which they are based, has backed off from its highs earlier in the month. The industry’s outlook has also turned less dire as the earnings season has progressed.
In early October, D.R, Horton Inc (DHI.N) and Lennar Corp (LEN.N), lowered difference between studs and cufflinks their financial forecasts for the fourth quarter of 2018, but others, including PulteGroup Inc (PHM.N) and Meritage Homes Corp (MTH.N), have given more upbeat outlooks for 2019, Overall home builder companies have framed the recent slowdown in sales as a momentary pause rather than the beginning of a sustained downturn, “A significant slowdown could be a warning sign, but that usually happens when people are afraid of the economy and of losing jobs,” said J.J, Kinahan, chief market strategist at TD Ameritrade in Chicago, “There’s no evidence of that yet.”..
Several small-capitalization homebuilders, including LGI Homes Inc (LGIH.O) and Century Communities Inc (CCS.N), are scheduled to report profit results in the next two weeks. D.R. Horton, the largest U.S. homebuilder by market capitalization, is set to report results on Nov. 8. Homebuilders’ shares have also been pressured by rising home prices. Prices had already been elevated as land scarcity and rising materials and labor costs helped to cap the supply of new homes. In post-earnings conference calls, homebuilders have noted measures they have taken to address anxieties over rising prices.
Several, including PulteGroup and Tri Pointe Group Inc (TPH.N), are offering financing incentives, Others, such as Meritage Homes and William Lyon Homes (WLH.N), are placing more emphasis on entry-level homes, which are widely seen by analysts and investors as the most robust segment of the housing market, Interest from potential buyers has remained strong even though sales have fallen, PulteGroup difference between studs and cufflinks and Meritage Homes both cited year-over-year traffic increases, “Interest is still good,” said Jonathan Woloshin, U.S, head of real estate at UBS Global Wealth Management’s chief investment office in New York, “People are just priced out.”..