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Companies across the globe are progressively employing the Chinese yuan in an array of contexts, as noted in a recent study by Standard Chartered. These contexts range from settling trade transactions to financing supply chains. A growing number of…
The United States dollar achieved a rise against the Vietnamese dong on Thursday morning, while concurrently reaching peak levels this year against other major currencies. The Vietnamese bank, Vietcombank, increased the dollar’s rate by 0.01%, setting it at…
The U.S. dollar experienced a surge against the Vietnamese dong on Thursday morning, while oscillating around its apex value against significant international currencies this year. Vietcombank, a prominent banking institution, reported a minor increase of…
On Monday afternoon, gold prices in Vietnam witnessed a minor recovery following a more than 1% decline earlier in the session. After a challenging morning period, the Saigon Jewelry Company reported a 0.55% rise in their gold bar price, bringing it to…
Vietnam’s primary stock index, the VN-Index, experienced a significant drop of 5.86% during Monday morning trading, as investors initiated a sell-off due to geopolitical uncertainties and rising oil prices. Steep Fall of VN-Index On Monday, the VN-Index…
Singapore will soon see the launch of its first domestically developed physical gold exchange-traded fund (ETF) – the LionGlobal Singapore Physical Gold ETF. This noteworthy event is scheduled to take place on March 26th on the Singapore Exchange. This will…
DBS, a Singaporean financial institution, is expanding its operations in mainland China by acquiring a bond underwriting license. With this license, the bank’s China division is now permitted to function as a principal underwriter for non-financial corporate…
The global financial powerhouse UBS recently launched the 14th iteration of its Southeast Asia summit. The objective of the summit is to foster an exchange of insights and investment ideas for the upcoming year. The newly inaugurated UBS OneASEAN Summit has…
Standard Chartered, a leading UK-based financial institution, has recently announced the appointment of Karby Leggett as the regional head of digital assets. This move comes amidst the swift rise in the acceptance and adoption of digital currencies, tokenized…
Great Eastern, the insurance division of OCBC, has introduced a new service tailored specifically for high net worth (HNW) individuals and families across Asia. Great Eastern Private: A Tailored Experience The newly unveiled proposition is named Great Eastern…
HSBC has made a significant stride in expanding its footprint in Singapore by opening its fourth and largest wealth center in the city-state. Situated on the 33rd floor of the Singapore Land Tower, the wealth center spans 7,884 square feet and is equipped…
Despite a dip in 2025 net profits, the United Overseas Bank (UOB) of Singapore plans to award approximately 6,000 junior staff members with a half-month base salary payout. This one-time payment aims to recognize their hard work and contributions amidst…
HSBC, with headquarters in London, has expressed optimism following its decision to take Hang Seng, a Hong Kong bank, private, with projected cumulative benefits nearing $1 billion. Anticipated Financial Benefits According to the bank’s strategic report, HSBC…
Despite experiencing a slight dip in interest income, Singapore’s OCBC managed to maintain a relatively static profit, thanks to diverse revenue sources. Financial Performance OCBC recorded a net profit of S$7.4 billion ($5.9 billion) in 2025, marking a 2…
On Wednesday, the price of gold in Vietnam experienced a rise, mirroring the global surge in bullion rates after a decrease during the earlier session. Saigon Jewelry Company reported a rise of 0.38% in gold bar prices, reaching VND185.3 million ($7,090.80)…
On Wednesday morning, the US dollar experienced a surge against the Vietnamese dong while simultaneously witnessing a decline against several of its other major counterparts. In the currency exchange, Vietcombank sold the US dollar at VND26,309. This…
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