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Prominent US investors Stanley Druckenmiller and David Tepper are increasing their stakes in Chinese search giant Baidu, driven by its AI advancements. This comes as they reduce or exit positions in other major Chinese e-commerce firms like Alibaba and JD.com.
Japanese tech giant SoftBank Group is preparing to launch a record 1 trillion yen (approximately $6.26 billion) retail bond offering in Japan. The significant capital raise is intended to fund an accelerated push into ‘physical AI’ acquisitions.
New regulatory proposals from the US Securities and Exchange Commission (SEC) have led to a modest uptick in the prices of Bitcoin and Ethereum. The suggested framework aims to clarify capital-raising for crypto firms and potentially reclassify mature digital…
Allianz Insurance Singapore has been recognized with three accolades at the Asia Consumer Insurance Awards 2026. The awards highlight the insurer’s dedication to developing solutions for evolving risks in the Singaporean market, particularly in health,…
The U.S. dollar experienced a slight increase against the Vietnamese dong early Friday, while maintaining a stable position against other major global currencies. The uptick saw the dollar traded at VND26,270 by Vietcombank, reflecting a 0.08% rise from the…
The city of Frankfurt has just received a significant boost as a financial hub. Deutsche Bank, a prominent financial institution based in Frankfurt, has successfully become the first European bank appointed to serve as a renminbi clearing bank by the People’s…
The State Bank of Vietnam has adjusted its central USD/VND exchange rate to an unprecedented high, reflecting a strong U.S. dollar in global markets. The central bank’s rate has escalated to VND25,306, marking a 0.05% increase from the previous day. Notably,…
Bank of America has broadened the remit of Markus Meier, appointing him as the Head of Equity Capital Markets (ECM) for Germany, Austria, and Switzerland. This expanded role builds on his previous responsibilities in Germany and Austria, with the addition of…
HSBC has announced that it will sell its life and health insurance division in Singapore to Germany’s Allianz. The deal, which values the unit at SGD2.7 billion (US$2.09 billion), is expected to produce a pre-tax gain of US$1.8 billion for HSBC and…
In the unofficial trading market on Saturday morning, the U.S. dollar experienced a decline against the Vietnamese dong. The greenback was sold 0.04% lower at VND26,410 at these non-official trading spots. Meanwhile, Vietcombank, a significant financial…
Home Credit Vietnam has been awarded ‘Finance Company of the Year’ for the second consecutive year, and also received the ‘Sustainability Initiative of the Year’ at the Asian Banking & Finance Retail Banking Awards 2026. The awards acknowledge the company’s…
Techcombank, Vietnam Technological and Commercial Joint Stock Bank, is strategizing to bridge global capital with Vietnam’s escalating investment needs. The bank is placing digital financial infrastructure at the forefront, seeing it as a pivotal factor for…
Jorge Rubio Nava, Global Head of Citi Social Finance, recently outlined Citi’s global role in social finance and the prospects for growth in Vietnam and throughout Asia. Citi’s Impact in Social Finance Since its establishment in 2005, Citi Social Finance has…
Geopolitical uncertainties, economic recession concerns, and increasing skepticism around the supremacy of the U.S. dollar are leading to a shift in the investment strategies of affluent families globally. The new Global Family Office Report from UBS reveals…
The Oversea-Chinese Banking Corporation (OCBC) has announced plans to bolster its wealth-management staff in Hong Kong by 30% this year. This move is a strategic reaction to an increasing demand from its clientele for investment and financing services.…
Citigroup has announced the appointment of two seasoned bankers to senior roles within its Financial Institutions Investment Banking division. This move forms part of the bank’s strategic initiative to bolster its global insurance and specialty finance…
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