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TORONTO Ruben Yanez Jersey , March 13 (Xinhua) -- Toronto Mayor Rob Ford will have some serious competition as Olivia Chow officially launches her campaign Thursday to join a list of other high-profile candidates in the upcoming mayoral race on Oct. 27.

Chow, the widow of the late federal New Democratic Party (NDP) leader Jack Layton, promised to take the city in a new direction from the "failed" leadership of Ford, who admitted to using crack cocaine last year and has been repeatedly criticized for his alcoholic binges.

"The current Mayor is failing at his job and he is no role model for our children," she said in her announcement speech. "We deserve better. It's time for a change."

Chow launched her campaign a day after she resigned her seat from the Parliament.

Besides the embattled Ford, the former Toronto school trustee, city councilor and Member of Parliament (MP) will also be up against some strong contenders Raphael Varane Jersey , including former Toronto budget chief and businessman David Soknacki, former Toronto Transit Commission chair and councilor Karen Stintz and talk show host and former head of the Ontario Progressive Conservative Party John Tory.

As a struggling Chinese immigrant family from Hong Kong, Chow said she has learned to save "for rainy days" and to "invest wisely." She said those were the lessons she learned as a child and will be what guides her if she becomes the city's new mayor.

"It doesn't matter where we came from or where we live - we all want a better future for our children, and that's my core belief," Chow said.

She pointed to Ford's "disappointing leadership" without mentioning his many scandals. She said that Ford "has failed to make the critical investments our city needs to stay competitive."

Over the next few weeks, Chow said she'll be revealing her plans for the city, which will put a focus on children Pepe Jersey , jobs, and transit.

"We will do these things while minding the public purse responsibly," she said, though right-wing contender Tory was quick to criticize her fiscal track record.

"With respect to Ms. Chow, she's never met a public dollar she couldn't spend," John Tory's campaign said in a statement, criticizing Chow for sending out taxpayer-funded flyers from her MP office last week.

Chow moved to Toronto from Hong Kong in 1970 when she was 13. As the first Asian woman Nacho Fernandez Jersey , she was elected to the former Metro Council of Toronto in 1991 and in 2006, Olivia was elected as an MP.

Chow married Jack Layton in 1998. In 2011, Layton died at age of 61 after struggle with cancer. Chow's personal memoir, titled My Journey, was published this January.

HANOI, Nov. 15 (Xinhua) -- Vietnam's stock market bounced back at the end of the week after declining for two straight days. The information of a plan proposed to the Vietnamese government by the State Securities Commission (SSC) to raise the ceiling for foreign ownership, aimed at encouraging transactions on the local bourse Mateo Kovacic Jersey , helped boosted investors' sentiment.

The VN-Index of the southern Ho Chi Minh City Stock Exchange ( HoSE) went up 3.49 points, or 0.7 percent, to close at 501.34 points on Friday.

During the week, VN-Index gained 2.73 point, or 0.54 percent, on last Friday's close. The index, fluctuating in a range from 497. 07 points to 502.52 points Mariano Diaz Jersey , experienced three ups and two downs, posting the highest level of 501.34 points on Friday and the lowest level of 496.12 points on Wednesday.

A total of 91.22 million shares worth 1.12 trillion VND (53.18 million U.S. dollars) changed hands at the HoSE on Friday, an increase of 40.17 percent in volume and 31.49 percent in value as against Thursday.

VN-30 index, the new benchmark index for the HoSE applied since Feb. 6, 2012 to track the 30 leading shares by both market capitalization and liquidity, closed at 559.75 points on Friday, up 4.02 points Marcos Llorente Jersey , or 0.72 percent against the previous trading day.

A total of 25.46 million shares were traded, worth 578.7 billion VND (27.42 million U.S. dollars).

On the country's northern bourse Hanoi Stock Exchange, the HNX- Index concluded at 63.93 points on Friday, up 0.23 points, or 0.36 percent, from the previous close.

In its plan, the SSC said that foreign investors will be allowed to own up to 60 percent of the voting stakes of a listed company Marco Asensio Jersey , while the rate was previously designed only for foreign strategic partners of the company.

Insiders said the higher ceiling would help improve market liquidity, and also help attract more foreign investment.

The information from SSC boosted blue chips and pushed liquidity to over 1 trillion Vietnamese dong, or over 50 million U. S. dollars on Friday.

However, some worried that higher foreign ownership would brings higher risks for the Vietnamese listed companies of being taken by foreign companies.

In the last two months of 2013, analysts also foresee a more positive prospect for Vietnam's stock market, as the government will continue to focus on stabilizing the economy, management of bad debts and policies to simplify taxes Marcelo Jersey , interest rates and credit access.

GUANGZHOU, Dec. 28 (Xinhua) -- China's first multifunctional offshore engineering ship that can operate 3,000 meters under the water was put into operation on Sunday, a major progress of China to proceed into the deepwater.

The "Offshore Oil 286" ship, built with an investment of more than 1 billion yuan (163 million U.S. dollars), belongs to the Offshore Oil Engineering Co. Ltd, an affiliate of China National Offshore Oil Corporation Luka Modric Jersey , the country's largest offshore oil and gas producer.

The ship, 141 meters long and 29 meters wide, has a maximum loading capacity of 11,228 tons, and can accomodate to 150 crew members. It is equipped with a 400-ton crane to fulfil installing missions under the water.

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