171 stories in this topic
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…
Nvidia, a prominent player in the tech industry, publicized its deal with several major firms such as Apollo, Blackstone, Blackrock, Brookfield, Goldman Sachs, and KKR, among others. The intent of this agreement is to collect a minimum of 500 billion dollars…
Coupang, the South Korean e-commerce giant, reported a revenue of US$8.9 billion and a loss of $570 million for the second quarter. The loss is a significant reversal from the same period last year, which saw an operating income of $149 million and a marginal…
Nokia, a leading global technology and communications company, has reported a marked improvement in its financial results for the second quarter of 2026. This financial uplift has been driven by robust demand for AI-related networking infrastructure and…
Affluent investors in Singapore are optimistic about their financial future, though many are overlooking the crucial aspects of retirement and wealth-transfer planning. This is according to recently released data from a survey by HSBC. There’s a noticeable…
Fast-fashion online retailer, Shein, recently disclosed that its US operations are currently under investigation by the US Federal Trade Commission (FTC). This news comes from documents related to its intended Hong Kong initial public offering (IPO),…
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…
Catherine Simmons, a significant figure in the U.S.-ASEAN Business Council, shared her insights following a recent delegation visit to Hanoi. Simmons discussed the importance of the visit, the financial sector’s key messages, and Citi’s future forecasts for…
In response to disruptions caused by the Middle East conflict, Malaysia has devised a financial strategy to support its aviation sector, featuring incentives such as discounted airfares during holiday periods. Travelers flying between Peninsular Malaysia and…
The A2 Milk Company has acknowledged a number of issues currently affecting its supply chain, leading to a downgrade in its financial outlook. Strong Demand versus Supply Chain Challenges While experiencing robust demand, especially for their infant milk…
Historically, US equities have demonstrated strong performance following significant conflicts. However, DBS asserts that the current Middle East conflict may not follow this trend, warning investors against complacency in this situation. The Ongoing Conflict…
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…
The Bank of Singapore’s (BoS) most recent global outlook for 2026 indicates resilient growth, improved financial conditions, and a steady rebalancing of economic power. According to the BoS, success for investors does not lie in pursuing volatile investments…
Prime Minister Pham Minh Chinh recently chaired a conference to declare the creation of an international financial center (IFC) in Vietnam. At the same time, the coordinating council for the IFC was launched, with the Permanent Deputy Prime Minister, Nguyen…
On Friday morning, the strength of the U.S. dollar saw a slight decrease against the Vietnamese dong, trading near a five-week low against major currencies. The Vietnamese-based commercial bank, Vietcombank, traded the U.S. dollar at a rate of VND26,408, a…