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10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
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 )

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 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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Retail Asia25/04/2023

Military Commercial Joint Stock Bank Laos branch (MB Laos) released a new banking application for individual customers in Vientiane, Laos, on Monday. Several Laotian government officials and representatives of the State Bank of Laos and MB attended the app launch ceremony. MB Laos app will increase customers’ convenience and optimize their banking experience on digital […]

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Retail Asia19/04/2023

Instead of raising new capital to fund its takeover of Credit Suisse by issuing new shares, UBS will repurpose some of those it obtained as part of a repurchase program. In March of last year, UBS launched a $6 billion stock buyback program, scheduled to run until the end of March of next year as […]

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Retail Asia18/04/2023

Starting today, you can open an Apple Card Savings account with an annual percentage yield (APY) of 4.15%. We have been hearing rumors about this Apple Card Savings account recently, but now it’s finally official in a blog post on the Apple Newsroom. The main benefit of this account is the high APY. At 4.15%, Apple […]

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Retail Asia06/04/2023

Sixteen potential buyers have registered to purchase a combined 213 million shares of PGBank, almost twice the number its biggest shareholder is selling. The buyers, comprised of nine individuals and seven domestic organizations, have signed up to participate in the auction of 120 million shares of PGBank, or a 40% stake, which is being sold […]

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Retail Asia31/03/2023

VPBank expects a pre-tax profit of VND24 trillion ($1.02 billion) this year, exceeding the $1 billion milestone for the first time since its establishment. The news comes after the bank announced the sale of a 15% stake to a Japanese financial giant. The target, announced in a document sent to shareholders before the upcoming general […]

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Retail Asia26/03/2023

Ratings agency Moody’s Investors Service has downgraded the long-term deposit and issuer ratings of private lender Techcombank because of its high exposure to the struggling property sector. Its currency deposit and issuer ratings were lowered from Ba2 to Ba3, the same level as several other banks in Vietnam. Its outlook is down from stable to […]

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Retail Asia20/03/2023

UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The deal includes 100 billion Swiss francs ($108 […]

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Retail Asia15/03/2023

Price stability or financial stability. The European Central Bank has been in a dilemma since the US banking crisis last week in the US and will need to send a clear signal Thursday. Until the banking crash in the US late last week, it was a foregone conclusion the European Central Bank (ECB) would raise […]

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Retail Asia14/03/2023

Korea’s financial regulator has fined the Seoul branch of UBS AG (in Zurich) for allegedly violating short-selling rules. Other financial firms are under investigation. UBS Securities and ESK Asset Management were fined a total of 6 billion won ($4.5 million) by Korea’s financial regulator in what it said was a violation of local short-selling rules. It […]

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Retail Asia14/03/2023

Following a weekend auction, HSBC has emerged as the buyer of Silicon Valley Bank’s UK arm. HSBC’s ring-fenced subsidiary, HSBC UK Bank, has acquired Silicon Valley Bank (SVB) UK for 1 British pound ($1.2), according to a statement. SVB UK had loans and deposits of around 5.5 billion pounds and 6.7 billion pounds, respectively. For […]

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Retail Asia10/03/2023

Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on behalf of the two parties Thursday. Tenity is a startup incubator with an investment arm that invests in technology […]

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