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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 )
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 )

Retail Asia07/06/2023

The SNB takes a step to better optimize operations in a number of different currencies, markets, and time zones. The Swiss National Bank’s operating unit will start a two-year pilot project from August 2023 under which it will split operations between Zurich and Singapore, according to information received by finews.com. With that step, it intends to improve […]

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Retail Asia26/01/2023

Tech giants such as Google, Meta, and Microsoft are cutting tens of thousands of jobs worldwide. Swiss financial service providers, desperate for IT talent, are now positioning themselves. We are seeing candidates with careers at the big tech groups looking for new employment,» observes Stephan Surber. This should greatly boost the active job market for […]

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Retail Asia21/12/2022

After a record year for IPOs in 2021, the market for initial public offerings (IPO) cooled significantly this year. Yet Switzerland has been able to buck the trend. The Swiss stock exchange listed more companies than London and Amsterdam this year, while a recent EY study shows that globally the number of IPOs fell 45 […]

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Retail Asia21/11/2022

Swiss crypto Bitcoin Suisse is partnering with US crypto software and data specialist Lukka to support its middle and back office operations and further improve its systems. Lukka’s data and software are designed specifically for crypto and blockchain data, providing Bitcoin Suisse and its institutional client’s wide-ranging asset coverage and flexible reporting, according to a media release Thursday. Bitcoin […]

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Retail Asia24/10/2022

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President Xi Jinping’s report to the 20th Communist Party congress hints at more tax and regulatory measures aimed at reducing wealth disparities. In the last two decades, the Swiss wealth management sector has been forced to directly confront and contend with the vagaries of the world’s two largest economies in the world – China and the […]

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Retail Asia04/10/2022

Swiss luxury watchmaker, Jacob & Co, has landed in Japan, opening its first brick-and-mortar store in the bustling district of Ginza this month. The opening ceremonies, scheduled to take place on October 13, will be attended by the brand’s chairman and founder Jacob Arabo. Situated between Ginza Station and Shimbashi Station and spanning one floor, […]

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Retail Asia21/09/2022

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Goldman Sachs is expanding its investment banking services in Switzerland and Europe as it chases stable revenues on the continent. Goldman Sachs is offering transaction banking services to corporate clients in the EU, adding services outside of its investment bank’s core areas of trading and advisory, it said in a statement Tuesday. Rolled out from Goldman Sachs’ […]

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Retail Asia02/09/2022

Swiss-made watch brand Norqain has made its debut in Singapore, as part of an expansion into the Asia market. The watch retailer has collaborated with Southeast Asia distributor Melchers, a Singapore branch of Melchers Group, for the launch. This is also the brand’s second global flagship store after the first opened in Zermatt, Switzerland, last […]

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Retail Asia11/07/2022

The Swiss bank has been accused of money laundering among other wrongdoings in a complaint by the Swiss NGO Public Eye. The Swiss NGO Public Eye has filed a criminal complaint against UBS with the Office of the Attorney General of Switzerland, as the newswire AWP reported Friday. The plaintiff is accusing the bank of money […]

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Retail Asia24/06/2022

The Swiss-based Bellevue Group is consolidating its management business in Germany under a single leader. Gerit Heinz becomes head of portfolio management at Bellevue, while also running the firm’s asset management business in Germany, starting July 2022, a spokeswoman for the Bellevue confirmed upon request to finews.com. In this role, Heinz replaces Starcapital’s current CEO Manfred Schlumberger, who […]

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Retail Asia24/06/2022

Zurigg-based crypto lender Nexo is looking to take advantage of the consolidation in the crypto world. With help from a US bank, it sees itself as financially well equipped to take over the assets of struggling competitors. In what is increasingly looking like a repeat of the consolidation of companies following the burst of the […]

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Retail Asia02/06/2022

There is a large gap between private banking and your average smartphone app, according to a new study. But a small avant-garde makes headway. Swiss traditional private banking pure-play Julius Baer seems to be the grand citadel of Insta-bankers. That is the surprising conclusion of a study by consultancy Columbus Consulting. It ranked 27 of […]

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Retail Asia29/04/2022

Switzerland’s Openwealth initiative gains momentum as one of the world’s largest cloud providers becomes a member. Google Cloud becomes the latest addition to the Openwealth Association, joining as an API service provider, the organization announced on Thursday. The application programming interface (API) allows third-party providers to dock with IT platforms, in this case, banks and wealth managers. […]

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Retail Asia12/04/2022

On Asia’s first flagship store has opened in Tokyo. This is the second flagship store after New York and the largest in the world. Located in the famous Harajuku district, the on-flagship store has three entrances over 320 square meters that span three levels. The façade of the store features floor-to-ceiling glass windows that allow […]

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Retail Asia31/03/2022

Swiss federal prosecutors are set to drop a nearly five-year criminal investigation into Volkswagen’s diesel emissions scandal after concluding they did not have a strong enough case to file charges, they said on Tuesday. The Office of the Attorney General said it had informed the German carmaker and its Swiss dealership arm this month “that […]

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Retail Asia15/02/2022

A year ago, HSBC’s Swiss private bank was still considering Geneva as a growth market. Now it is cutting jobs and reducing its office space in Geneva. After a bad year for Swiss private bank HSBC in which wealthy clients withdrew a net $1 billion, it is cutting 110 jobs in Switzerland and reducing office […]

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Retail Asia14/01/2022

A group of commercial and public institutions got together to see how tokenized financial assets based on distributed ledger technology work with today’s banking systems. A project involving the Swiss National Bank, the Bank for International Settlements (BIS), the Swiss Securities Exchange SIX and five commercial banks to test the integration of a national digital currency […]

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Retail Asia10/01/2022

The Swiss crypto broker’s CEO is stepping down after four years. His replacement is an ex-UBS banker well-known for his technology expertise. Arthur Vayloyan is stepping down as CEO of Bitcoin Suisse at the end of March, the Zug-based crypto firm said in a statement on Friday. He will be replaced by Dirk Klee, effective April 1. Vayloyan will remain one […]

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Retail Asia16/12/2021

Bank Vontobel will open an office in Miami in coming months, in an expansion of its U.S. onshore presence. Zurich-based Vontobel will launch a wealth management office in Miami, its second in the U.S., CEO Zeno Staub said on Tuesday. The Swiss bank is the latest in a host of wealth managers to head for the […]

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Retail Asia13/12/2021

Switzerland’s largest online bank is riding the crypto wave. Swissquote’s ambitions include setting up its own trading platform for digital currencies, sales manager Jan De Schepper said. Swissquote plans to open its own crypto exchange before the end of the first half of 2022. We want to enable more trading in various cryptocurrencies on the […]

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