Category: Finance

Retail Asia27/12/2023
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4min0
The second-largest hardware chain in the U.S. has finally decided to support Apple Pay. For those who don’t know what Apple Pay is, it is the mobile payment service that allows an iPhone user to select a credit, debit, or prepaid card from the Wallet app and tap the phone against a POS machine to […]

Retail Asia11/12/2023
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3min0
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, […]

Retail Asia06/12/2023
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1min0
The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,450, up 0.08% from Tuesday. The State Bank of Vietnam raised its reference rate by 0.10% to VND23,951. The greenback went up 0.08% to VND24,700 on the black market. It has increased against the dong by 3.03% since the beginning […]

Retail Asia23/11/2023
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5min0
Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.   “We are pleased to have reached this milestone with our local partner NUCC. Mastercard’s deeper participation in the […]

Retail Asia23/11/2023
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5min0
KASIKORNBANK FINANCIAL CONGLOMERATE has acquired additional investments in PT Bank Maspion Indonesia Tbk (Bank Maspion) in Indonesia through KASIKORN VISION FINANCIAL PTE. LTD. (KVF) and PT. KASIKORN VISION FINANCIAL INDONESIA. Following the capital injection, the post-investment valuation of Bank Maspion stands at 15.441 billion Baht, an increase of 8.0 billion Baht. Therefore, the subsidiaries increased […]

Retail Asia15/11/2023
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3min0
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 […]

Retail Asia15/11/2023
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2min0
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 […]

Retail Asia14/11/2023
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6min0
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 […]

Retail Asia13/11/2023
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1min0
Switzerland’s largest bank is following in the tracks of HSBC by allowing wealthy clients to trade crypto exchange-traded funds in the city. A selection of three crypto-ETFs related to Bitcoin and Ethereum were available on a UBS trading platform for wealthy clients as of Friday. The funds had been approved by the Securities & Futures […]

Retail Asia10/11/2023
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3min0
It is the coconut harvest in the Mekong Delta, but with exports falling, prices have halved from a year ago to VND1,500-2,900 (US$0.06-0.12) for a nut, causing farmers losses. Phan Van Dinh, 68, of Giong Trom District in Ben Tre, Vietnam’s biggest coconut-growing province, has an orchard of 2,000 square meters. “At present, we only […]

Retail Asia07/11/2023
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1min0
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. […]

Retail Asia06/11/2023
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1min0
SJC gold price dropped 1.2% to VND69.5 million ($2,847.19) per tael on Monday morning. Gold ring price gained 0.08% to VND59.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices held steady near the key $2,000-per-ounce level on Monday after weak U.S. jobs data raised hopes that the Federal Reserve […]

Retail Asia03/11/2023
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5min0
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, […]

Retail Asia23/10/2023
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1min0
BNP Paribas has opened its new headquarters in southern Switzerland on a fashionable shopping street in Lugano. According to a statement Friday, French bank BNP Paribas opens its new headquarters at Via Nassa 11 in Lugano, demonstrating the importance it attaches to developing its activities in Ticino. The inauguration ceremony was attended by BNP Paribas […]


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