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29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
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 )

Retail Asia31/05/2023

The opening of China’s financial sector has hit a speed bump, particularly amongst US banks, due to a changing business environment. In 2019, China decided to accelerate the opening of its financial sector with the introduction of various new measures, including the elimination of foreign ownership limits. At the time, mainland China’s financial market had an estimated value of […]

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Retail Asia26/05/2023

Swiss-based Union Bancaire Privée has acquired a new asset manager specializing in Japanese small-cap equities. According to a statement, UBP has acquired 100 percent of the shares issued by Angel Japan Asset Management (AM). Founded in 2001, Angel Japan AM is a Tokyo-based independent investment advisor specializing in Japanese small-cap equities. Hirotaka Usami leads the […]

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Retail Asia25/05/2023

After 22 years at Vontobel the CEO of Bank Vontobel plans to retire from his CEO post next year. CEO Zeno Staub has asked the board of directors to resign his mandate at next year’s Annual General Meeting in April, Vontobel said in an emailed statement Wednesday. Staub served as the investment company’s CEO for 12 years. Staub plans […]

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Retail Asia22/05/2023

Thai Son Investment Solutions Jsc has been fined VND870 million (US$37,100) for selling and buying back a stock in October last year without disclosing the information. The State Securities Commission of Vietnam announced the fine recently and prohibited the company from trading on the stock market for three months starting May 19. Thai Son surreptitiously […]

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Retail Asia17/05/2023

Thanh Nam from Binh Duong Province sold half his Bitcoin for US$5,000 to buy the hot meme coin Pepe at its peak. But he was recently only able to sell the coin for a total of $2,000. When the Pepe coin price hit $0.000004 on May 5 (bringing its market capitalization to $1.63 billion), Nam’s […]

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Retail Asia17/05/2023

CIMB Thai Bank and Positive Thinking Company, a leading technology company in Asia-Pacific, have announced to establish an expert software development center for CIMB Thai in Hanoi. The Vietnam Software Development Center in Hanoi is expected to add powerful engineering expert resources and accelerate the digital journey of CIMB Thai, a member of CIMB Group. […]

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Retail Asia17/05/2023

Many banks have cut deposit interest rates this month, bringing the average rate to below 9. The rate is half a percentage point lower than at the start of this year for terms of less than six months, and one point lower for longer tenors. Some banks offered nearly 10% earlier this year. As of […]

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Retail Asia17/05/2023

The revolving door at Credit Suisse keeps spinning, as the Swiss bank loses a team of specialists to BNP Paribas. BNP Paribas is strengthening its equities team in London by hiring Credit Suisse’s event-driven team. Susan Stryker Marinello, an event-driven specialist for the EMEA region at the Swiss bank, and risk arbitrage traders Andy Martin and Simon Scott are […]

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Retail Asia16/05/2023

For the second time in weeks, Barclays bankers are leaving for UBS. Six investment bankers in the US are on the move. UBS appears to have found rich poaching grounds at Barclays, as it is hiring half a dozen investment bankers specializing in technology, media, and telecom companies, citing sources familiar. According to the sources, […]

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Retail Asia15/05/2023

Techcombank has set a CASA (current account savings account) target of 55% by 2025 by investing in digitalization and increasing lending to retail customers and SMEs. At its recent annual general meeting, CEO Jens Lottner said he was optimistic about the bank’s ability to achieve the targets despite market volatility. Lottner said though Vietnam’s economy […]

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Retail Asia12/05/2023

Standard Chartered has reduced Vietnam’s GDP growth forecast for this year by 0.7 percentage points to 6.5%. In a release Thursday the British bank said it amended the forecast it had made in January of 7.2% growth after considering external factors more carefully with Vietnam’s macro indicators slowing down in the last four months. Exports […]

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Retail Asia09/05/2023

The legal integration of UBS and Credit Suisse will close in the next few weeks. The team to manage the new venture has also been announced. Ulrich Koerner resurfaces. Following UBS’s government-imposed takeover of Credit Suisse on March 19, there has been much speculation about who would lead the new entity and what it would […]

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Retail Asia08/05/2023

All options appear to be on the table. Switzerland’s largest institution could keep the rescued bank’s investment banking business. Or it might spin off its domestic retail franchise in an IPO. UBS continues considering various options for Credit Suisse, citing people familiar with the matter. In March, the Swiss government prodded Switzerland’s largest bank to […]

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Retail Asia05/05/2023

Techcombank has sold its building in Hanoi for VND1.7 trillion (US$72.49 million), making a profit of over VND730 billion. It had bought the building on 191 Ba Trieu Street in Hai Ba Trung District 10 years ago from conglomerate Vingroup, changed its name to Techcombank Tower and made it its headquarters. Earlier this year Vietnam’s […]

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Retail Asia04/05/2023

UBS was preparing a Credit Suisse takeover scenario months before it happened in March. A document filed with the US Securities and Exchange Commission (SEC) provides insight into the process. Just weeks before the takeover of Credit Suisse, the UBS board of directors deemed a takeover of its rival undesirable, according to the latest documents […]

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Retail Asia04/05/2023

SJC gold price rose 0.15% to VND67.25 million ($2,868.10) per tael Thursday morning. Gold ring price surged 0.53% to VND57.25 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices traded near record-high levels on Thursday, as U.S. yields and the dollar dipped after the U.S. Federal Reserve hinted it may […]

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Retail Asia04/05/2023

A former executive of Credit Suisse is said to be joining the Singapore Stock Exchange. William Gulya, Credit Suisse’s former head of Asia Pacific equity distribution, will join the Singapore Stock Exchange (SGX) Group to serve as the head of the Americas, according to a brief indication by him in a LinkedIn post on Wednesday. According to […]

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Retail Asia27/04/2023

SJC gold price gained 0.07% to VND67.2 million ($2,863.23) per tael Thursday morning. Gold ring price went up 0.09% to VND56.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices rose on a softer dollar, while investors braced for a host of U.S. economic data ahead of a crucial Federal […]

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Retail Asia26/04/2023

Vietnam’s benchmark VN-Index dropped 0.63 percent to 1034.85 points Tuesday, lowest in five weeks. The index closed 6.51 points lower after losing 1.55 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3% to VND9.42 trillion ($401.14 milllion). The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers […]

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Retail Asia25/04/2023

The merger of UBS and Credit Suisse is expected to result in a behemoth wealth and asset manager, drawing all eyes to the institutions’ first quarter results at the start of the week. During the first quarter we saw strong net new fee-generating asset and net new money inflows in global wealth management and asset […]

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