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7 May 2025
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Forex
Wei ZhangFinance

Retail Stocks Surge as Consumer Demand Drives Week’s Gains

VN-Index Posts Modest Gains Amid Active Trading The VN-Index, Vietnam’s benchmark stock market measure, rallied 0.48% on Friday, closing at 1,229.23 points, as investor activity intensified. Market Overview In a buoyant trading session, the index climbed 5.88…

dollar
Maria SantosFinance

Dollar Surges to New High Against Dong Amidst Rising Retail Sales

The U.S. dollar surged to an all-time high against the Vietnamese dong on Friday morning, reflecting its robust performance against other major currencies. Dollar Rises at Vietcombank Vietcombank reported the U.S. dollar selling for VND 26,195, representing a…

AdobeStock 250977128 scaled
Rajiv MenonFinance

Investors Overlook Risks as They Go All-In on Gold

Surge in Gold Prices Captivates Vietnamese Consumers Amid Growing Investment Frenzy In recent months, a wave of enthusiasm for gold has swept across Vietnam, particularly among young investors eager to secure their wealth. With prices recently hitting a…

app revolut card
Aiko TanakaFinance

Revolut Targets Swiss Market with Yield-Focused Retail Strategy

Revolut is enhancing its presence in Switzerland by introducing flexible money market funds and virtual Swiss IBANs tailored for business clients. In an exciting development for the Swiss business landscape, Revolut has announced the launch of a product suite…

UBS
Sarah ChenFinance

UBS Settles Credit Suisse U.S. Tax Case for $511 Million

UBS Resolves Credit Suisse Tax Investigation with $510 Million Settlement The U.S. Department of Justice has concluded its protracted investigation into Credit Suisse’s tax practices, resulting in a settlement considerably lower than initial projections. In a…

cryptocurreny
Aiko TanakaFinance

Eric Trump Accuses Banks of Sabotaging Retail Growth Strategies

Eric Trump Advocates for Crypto Revolution at Token2049 in Dubai In a compelling presentation at the cryptocurrency forum Token2049, held in Dubai, Eric Trump, Executive Vice President of The Trump Organization, delivered a fervent endorsement of…

Degussa GoldHandel
Sarah ChenFinance

Gold Prices Surge Near Historic Peak Amid Rising Consumer Demand

In a landscape marked by global market shifts, Vietnam’s gold prices remain resilient, hovering near historic highs. As consumer demand continues to shape this precious metal’s valuation, local investors are navigating a dynamic market climate. Steady Gains…

Revolut
Sarah ChenFinance

Revolut Drives Retail Growth Amid Rising Consumer Demand

Neobank Revolut is on the rise, showcasing impressive advances in customer acquisition and transaction volume while expanding its presence in Switzerland. British fintech giant Revolut continues its upward trajectory, demonstrating strong performance with a…

gold 1
Rajiv MenonFinance

Gold Prices Surge to Five-Day High Amid Rising Consumer Demand

Vietnam’s gold prices reached a five-day peak on Tuesday morning, reflecting a notable uptick in consumer demand and market activity. Local Gold Market Highlights The Saigon Jewelry Company reported that gold bars increased by 1.51%, now priced at VND 121.3…

AI
Maria SantosFinance

How Artificial Intelligence Fuels Retail Growth Without Job Loss

A fresh global study reveals how Artificial Intelligence is reshaping the workforce—encouraging collaboration, creativity, and leadership. The discourse surrounding Artificial Intelligence (AI) often leans toward apprehension about job loss. However, a…

Personal Shoppers china
Minjun ParkFinance

Millennials Drive Global Wealth Shift and Retail Sales Growth

Multipolitan has released its inaugural Wealth Report for 2024, titled Navigating the Future of Wealth. This insightful report examines the profound changes in the global wealth landscape, primarily driven by a historic transfer of assets from Baby Boomers to…

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