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Air India has reported an annual deficit surpassing INR220 billion ($2.4 billion), a more substantial loss than initially anticipated. This unexpected financial setback has led the airline to seek monetary aid from its stakeholders. Fiscal Losses and…
On Monday, the U.S. dollar experienced a slight decrease in value against the Vietnamese dong while maintaining stability against other significant currencies. Vietnam-based bank Vietcombank quoted the U.S. dollar at 26,344 VND, marking a negligible decline…
Alibaba, China’s largest e-commerce firm, reported a modest 1.7% increase in third-quarter revenue, significantly below expectations. However, more concerning was the staggering 66.3% drop in net income, largely due to heavy spending on one-hour delivery and…
In the fourth quarter, Misto Holdings, the parent company of Fila, Titleist and FootJoy, announced an increase in sales growth following a restructuring of its U.S. operations. The firm, based in South Korea, saw a 6.3% year-on-year boost in revenue during…
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…
Alibaba’s artificial intelligence chatbot, Qwen, recently hit a snag in its service. An overwhelming response from customers resulted in a suspension of the coupon-issuing function, which in turn interrupted a promotional campaign aimed at expanding Qwen’s…
AliExpress, the online marketplace under the Alibaba Group, has expelled a China-based merchant who was selling dolls with childlike features intended for sexual use. This move followed a Reuters inquiry into whether the sale of these products adhered to the…
Yum Brands, the parent company of Pizza Hut, is currently exploring strategic alternatives for its pizza arm, which may include a potential sale. This move comes as Pizza Hut’s performance has been an underwhelming aspect of the business, failing to match the…
On Tuesday morning, the price of gold in Vietnam dropped, even as global rates remained stable. A notable drop was seen in the gold bar from Saigon Jewelry Company, which decreased by 0.53%, making its current price VND148.2 million (US$5,628.34) per tael.…
The US Dollar’s Fluctuating Performance Against Foreign Currencies The US dollar experienced a decline against the Vietnamese dong on Monday morning, while it simultaneously reached its most robust position in over two weeks against the Japanese yen. The…
From the start of the year through October 15, Vietnam exported more than 7 million tonnes of rice. Despite this significant export volume, domestic paddy and rice prices have seen a decline due to reduced purchases from exporters. Rice Export Data The…
Hong Kong-based fashion retail giant, Giordano, has experienced a decrease in sales for the third quarter of the year, despite an overall positive performance for the year so far. Q3 Performance The retailer’s third-quarter revenue, ending on September 30,…
The Asia Pacific region is becoming an increasingly significant catalyst in bolstering worldwide trade resilience, despite international commerce encountering numerous challenges due to policy fluctuations. This finding is part of a recent update to the DHL…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
For five straight days, Hoai, a 38-year-old self-employed individual, has been among the throng of hopeful buyers outside a Hanoi gold shop on Tran Nhan Tong Street. The majority of these people, much like Hoai, end up leaving without any gold in their hands.…
Berjaya Food, a Malaysia-based company, has recently reported a significant increase in losses and a decrease in sales for both their fourth quarter and the entire fiscal year. Berjaya Food, which operates Starbucks Coffee in Malaysia and Brunei, along with…
