Category: Finance

Retail Asia17/10/2023
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1min0
Switzerland’s UBS has reportedly offloaded more investment bankers in Hong Kong amid a slowdown in China. UBS has cut about 7 percent of its global banking unit in Asia, according to a report citing unnamed sources, mainly related to China-focused roles based in Hong Kong. This has affected about two dozen investment bankers, including several managing […]

Retail Asia16/10/2023
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1min0
Lamborghini Wine has entered the Australian market after securing a distribution deal with importer Bon Vivant Global. Lamborghini Wine products are sourced directly from the Lamborghini family’s vineyards in Umbria, Italy. Wines now available in Australia include Metodo Classico Vintage Brut and Rose, Gold Brut, Platinum Brut, DJ Brut, Titano Cabernet Sangiovese, Campoleone Sangiovese Merlot, […]

Retail Asia05/10/2023
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1min0
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 […]

Retail Asia26/09/2023
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1min0
SJC gold price fell 0.22% to VND68.8 million ($2,815.92) per tael Tuesday morning. Gold ring price dropped 0.09% to VND57.75 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, spot gold slipped 0.1% to $1,914.61 per ounce, while U.S. gold futures fell 0.2% to $1,933.30. The dollar hit a 10-month high, while […]

Retail Asia20/09/2023
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2min0
Citi aims to offer token services in the form of digital coins, to improve its cash management and trade finance operations. According to an emailed statement, Citi Treasury and Trade Solutions (TTS) has launched the creation and pilot of Citi Token Services. The US lender will offer tokenized deposits – effectively transferable digital coins that […]

Retail Asia18/09/2023
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1min0
The reorganization of UBS investment banking is proceeding. It’s eliminated some duplicate US staffing, but the big cutback is looming. According to a Bloomberg report, UBS has eliminated about a dozen investment banking jobs in the US in connection with the integration of Credit Suisse. The bank declined to comment to the news outlet on […]

Retail Asia15/09/2023
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7min0
The upcoming Formula 1 race in Singapore is the ultimate rendezvous for Asian high finance. This year things are different as a brazen money laundering scandal is dampening the mood. When employees of Credit Suisse in Singapore arrived at work on Monday, they found the Credit Suisse logo at the entrance to its headquarters on […]

Retail Asia14/09/2023
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5min0
After the takeover of Credit Suisse, cooperative banks reluctantly found themselves thrust into Swiss banking’s number two role. In a business dominated by major banks, Raiffeisen has ambitions. In a recent interview, Heinz Huber said the Raiffeisen Group has no interest in becoming an international player like UBS and Credit Suisse. We don’t want to be […]

Retail Asia12/09/2023
1min0
Swiss bank UBS is cutting wealth jobs in Asia following muted client activities and the slowing economy in China. Over the past months, UBS has reduced some overlapping roles in the wealth business in Asia, after the completion of Credit Suisse’s takeover. The roles include relationship managers in Hong Kong and Singapore, mostly from Credit […]

Retail Asia12/09/2023
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2min0
SJC gold price fell 0.15% to VND68.8 million ($2,855.19) per tael Tuesday morning. Gold ring price was stable at VND57.25 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest […]

Retail Asia08/09/2023
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4min0
myOKIES has launched a digital contactless service for Vietnamese businesses, enabling customers to order and pay for purchases directly from their cell phones using a QR code. Customers can scan the code using their smartphone camera, which will take them to the myOKIES page where they can select their items and pay using a variety […]

Retail Asia08/09/2023
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1min0
SJC gold price surged 0.36% to VND68.9 million ($2,858.92) per tael Friday morning, a new peak this year. Gold ring price went up 0.26% to VND57.2 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices firmed on Friday but were set for a weekly decline as the dollar and Treasury […]

Retail Asia05/09/2023
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7min0
The share price of Switzerland’s largest bank seems to know only one direction right now – and that is up. If nothing else, shareholders benefit from the Credit Suisse takeover while everyone else looks on. Sergio Ermotti doesn’t have any time for nostalgia. At least that is what he said extremely clearly at the news conference this past Thursday […]


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