Vietnam evacuating low-lying areas as strong typhoon nears

HANOI, Vietnam – Vietnam scrambled Tuesday to evacuate more than a million people in its central lowlands as a strong typhoon approached while some regions are still dealing with the aftermath of recent killer floods, state media said.

Typhoon Molave is forecast to slam into Vietnam’s south central coast with sustained winds of up to 135 kilometres (84 miles) per hour on Wednesday morning, according to the official Vietnam News Agency. The typhoon left at least 3 people dead and 13 missing and displaced more than 120,000 villagers in the Philippines before blowing toward Vietnam.

Prime Minister Nguyen Xuan Phuc ordered provincial authorities late Monday to prepare to evacuate about 1.3 million people in regions lying on the typhoon’s path.

“We must keep our guard up to protect the lives of the people. That is the utmost important task to get people to safe places,” Phuc was quoted as saying

Read More

Analysis: Unloved Value Stocks Seen as Cautious Bet as Election Nears | Investing News

By Lewis Krauskopf and Svea Herbst-Bayliss

NEW YORK/BOSTON (Reuters) – A sustained shift to value stocks has eluded investors for years. Indeed, a casualty this week was the $10-billion AJO quantitative value fund that announced it was shutting, citing the longest “drought” on record in value.

Some investors and analysts, however, are making a counter-argument, saying the unloved trade could be worth buying as the U.S. election nears and progress continues on a coronavirus vaccine.

“Investors have lost patience with value stocks but the irony is that we could be just weeks away from a turning point,” said Troy Gayeski, partner and co-chief investment officer at SkyBridge Capital.

A possible “Blue Wave” election on Nov 3, in which former Vice President Joe Biden wins the presidency and his Democratic party takes the U.S. Senate, could lead to massive stimulus, while clinical data on COVID-19 vaccines are expected by the end

Read More