Finance

Don't Miss:

26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia28/03/2024

Switzerland’s UBS is doubling down on Hong Kong. Today, it topped out its new office based in West Kowloon. UBS topped out its new Hong Kong office building on Wednesday. The ceremony, featured UBS group CEO Sergio Ermotti, Asia global wealth management (GWM) chair Amy Lo, GWM president Iqbal Khan and leading executives from Hong Kong property giant Sun […]

CONTINUE READING

Retail Asia21/03/2024

Vietnam ranked third globally in cryptocurrency gains last year with US$1.18 billion in profits, according to a report from U.S. crypto data provider Chainalysis. It was behind the U.S. ($9.36 billion) and the U.K. ($1.39 billion). China and Indonesia were in fourth and fifth places with $1.15 billion and $1.06 billion. Vietnam’s crypto gains were […]

CONTINUE READING

Retail Asia15/03/2024

It is a year since the government and regulators forced UBS to rescue Credit Suisse. The recent news of job cuts in Asia makes it very clear what could be just around the corner for the domestic financial hubs. UBS is cutting about 70 jobs in Asia, according to various media reports on Thursday. Most […]

CONTINUE READING

Retail Asia14/03/2024

Saigon Jewelry Company gold bar price rose 0.75% to VND81.1 million ($3,283.73) per tael Thursday. Gold bar plunged 2.42% Wednesday after reaching a new historic peak of VND82.5 million. The gold ring price increased VND0.88% to VND69 million per tael on Thursday. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices traded flat […]

CONTINUE READING

Retail Asia11/03/2024

Google Wallet is receiving a set of small quality of life updates designed to enhance the user experience and make it your go-to digital home for essential passes, tickets, and more. The updates include tighter integration with Gmail to eliminate the extra step of manually adding passes and movie tickets to your wallet. If you’ve […]

CONTINUE READING

Retail Asia23/02/2024

IT consulting firm Adnovum has joined forces with a Swiss artificial intelligence specialist. The partners want to use the technology of the future to transform the financial sector. Adnovum and Squirro have embarked upon a strategic partnership, as we learned in a press release on Wednesday. The aim of this cooperation? To use Squirro’s artificial intelligence […]

CONTINUE READING

Retail Asia19/02/2024

Some social media users are complaining that they are unable to use contactless payment system Apple Pay to ring up a transaction using a Chase credit card. On Apple’s System Status page, it notes that Apple Pay is undergoing some maintenance at the moment and adds that some users in Maryland may have issues with the […]

CONTINUE READING

Retail Asia07/02/2024

Faced with difficulties that are expected to linger, large western banks are slashing costs by downsizing their payrolls and increasing the use of artificial intelligence. Deutsche Bank has said it is laying off 3,500 employees, or 4% of its workforce, to reduce costs by 2.5 billion euros (US$2.7 billion) a year by 2025. One of […]

CONTINUE READING

Retail Asia07/02/2024

The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,570, up 0.16% from Tuesday. It fell 0.40% to VND24,850 on the black market. The greenback has increased by 0.61% against the dong since the beginning of the year. Globally the dollar remained under pressure on Wednesday after retreating from […]

CONTINUE READING

Retail Asia02/02/2024

State-owned lender Vietcombank reported record pre-tax profits of VND41.2 trillion (US$1.68 billion) for 2023. Its previous highest was VND37.4 trillion a year earlier. It made the bank the most profitable in the industry by a margin of tens of trillions of dong. Profits before credit risk provisioning were worth VND45.8 trillion, a 2.2% decline. But […]

CONTINUE READING

Retail Asia31/01/2024

UBS can’t grow fast enough for newly onboarded financial investor Cevian. Meanwhile, two other major shareholders are now expressing concerns about the size of the new megabank in Switzerland. The program for integrating Credit Suisse is in place, and UBS will start acquiring the clients and legal units of the crisis-hit bank over the next […]

CONTINUE READING

Retail Asia11/12/2023

Citi brought together about 100 leaders in the Vietnam technology landscape, including founders, management teams, and investors, to discuss how the new economy is shaping the future of Vietnam. The Vietnam Digital Leaders Summit 2023, hosted by Citi Commercial Bank (CCB) and Citi’s Investment Bank, featured keynote speeches and lively panel discussions covering various topics, […]

CONTINUE READING

Retail Asia15/11/2023

Switzerland’s largest bank puts out a view predicting a drastic cut in US interest rates by the Federal Reserve. Their forecast is completely out of sync with the rest of the market and peers. Every year, Saxo chief economist Steen Jakobsen draws significant attention in the financial markets with his list of ten Outrageous Predictions. They are […]

CONTINUE READING

Retail Asia15/11/2023

Funds belonging to the Zug-based private equity specialist sell a stake to Alibaba.com. The China-based B2B platform intends to use it to expand and grow in Europe. Capvis has managed a coup. The Baar based private equity specialist has completed the sale of its majority stake in B2B platform operator Visable, an announcement sent by the […]

CONTINUE READING

Retail Asia14/11/2023

Vietcombank remained the biggest profit earner among lenders in the third quarter, a period in which half of all listed banks saw smaller profits following a race to lure deposits. Vietcombank made a profit of VND9 trillion (US$375 million) in the third quarter, up 20% year-on-year, followed by MB with VND7.3 trillion, and BIDV with […]

CONTINUE READING

Retail Asia10/11/2023

In June, Google announced a series of new features that would slowly make their way to the Google Wallet app to make it a more comprehensive digital wallet solution. Most of these features have already launched, and one in particular was quietly added in a recent Google Play Services update. We are referring to the […]

CONTINUE READING

Retail Asia07/11/2023

US-based bank Morgan Stanley gives a former McKinseyan responsibility for funds distribution in German-speaking countries in Europe. Sebastian Roemer is the new distribution head for Morgan Stanley Investment Management in the German, Austrian, and Swiss markets. Based in Frankfurt, he will manage the regional activities of the bank’s fund subsidiary, the bank indicated in a release on Monday. […]

CONTINUE READING

Retail Asia03/11/2023

The dust has settled since Switzerland’s largest bank announced it would completely integrate all of Credit Suisse. The third quarter is likely to slip by far more quietly even though it still faces stiff challenges. The usual UBS earnings figures are expected to be in the spotlight on November 7. Revenues, inflows of new money, […]

CONTINUE READING

Retail Asia11/10/2023

SJC gold price dropped 0.07% to VND69.75 million (US$2,864.12) per tael on Tuesday morning. Gold ring price downed 0.08% to VND57.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices held near their highest levels in more than a week on Wednesday as comments from U.S. Federal Reserve officials suggested […]

CONTINUE READING

Retail Asia05/10/2023

Lender Eximbank has appointed Nguyen Hoang Hai as acting CEO for a year to replace Tran Tan Loc who resigned Monday. Hai, 45, who has worked for ABBank and EVN Finance, had become deputy CEO of Eximbank in early August. Loc remains a director. Also on Tuesday the bank dismissed another deputy CEO, Pham Quang […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X