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Spot gold prices surged by 0.7%, reaching $4,011.18 per ounce, while December gold futures also climbed 0.7% to $4,033.40 per ounce, highlighting the enduring appeal of the precious metal amidst ongoing global uncertainties. Gold’s Resilient Rise Amidst…
The world’s largest asset manager, Blackrock, is making a significant move into Kuwait, a nation where around 15 percent of its citizens hold millionaire status. This financial giant is positioning itself in a virtually debt-free state known for its vibrant…
As Asian consumers continue to shift their shopping preferences towards digital platforms, retailers are racing to innovate and meet this growing demand. According to recent data, e-commerce in the region is projected to reach a staggering $4.9 trillion by…
In an intriguing juxtaposition of regional economic trends, Maybank’s financial results for the first half of 2025 reveal a complex landscape for loans across Asia. While activities in Malaysia and Singapore showcased robust growth, Indonesian lending…
Global gold prices are facing a decline this week as fresh inflation data has made investors rethink expectations for rate cuts, all while the market’s gaze shifts to the pivotal discussions between U.S. President Donald Trump and Russian President Vladimir…
The latest financial results from Bank Rakyat Indonesia (BRI) unveil a challenging landscape, as the bank’s net income dropped to $1.63 billion (IDR 26.53 trillion) in the first half of 2025. This marks an 11.25% decline from the same period last year,…
In a significant move for institutional investors in Switzerland, BlackRock has rolled out its global Voting Choice program, allowing clients to directly influence voting rights in funds valued at approximately $5.8 billion. This initiative, announced on…
Bank of America’s (BofA) Global Payments Solutions (GPS) is ramping up its game in the Asia Pacific region with the recent appointment of three key leaders. Lin Guo has taken the reins as the head of GPS China, while Kitty Yen has been designated head of GPS…
The finance app Yuh has officially transitioned into the hands of a single owner following the acquisition of Postfinance’s 50 percent stake by Swissquote. This move, four years post-launch of the joint venture, is seen as a strategic step to enhance Yuh’s…
Riding the wave of digital transformation, retailers across Asia are navigating a sea of change as they adapt to evolving consumer behaviors and market dynamics. The rise of e-commerce continues to reshape the retail landscape, compelling businesses to…
The Abu Dhabi Global Market (ADGM), the capital of the UAE’s thriving financial sector, recently hit 23 resident firms with fines totaling 610,000 dirhams (around 166,000 dollars). While the amounts may seem minor, the implications behind them are anything…
Swiss bank UBS is strengthening its presence in China after receiving regulatory approval to acquire a local securities firm fully. UBS will acquire an additional 33 percent stake in UBS Securities from Beijing State-owned Assets Management Co., Ltd (BSAM),…
As we await the stable release of iOS 18.4 in April, the beta versions are already giving us a solid preview of what’s coming. The latest beta release reveals a useful new feature for tracking your spending that is set to land in Apple Wallet. In the first…
Vietcombank Remittance was honored as “Remittance Company of the Year – Vietnam” for the third consecutive time by Asian Banking & Finance on Dec. 24. This achievement affirms the quality of services and the growth of Vietcombank Remittance, recognizing the…
Vietnam’s benchmark VN-Index rose 0.08% to 1,245.76 points while global markets showed stability as investors waited for the result of the U.S. election. The index closed 1.05 points higher after dropping 10.18 points in the previous session. Trading on the…
Vietnam’s benchmark VN-Index fell 0.59% to 1,268.21 points Thursday as other Asian markets were little changed. The index closed 7.59 points lower after dropping 8.07 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 6% to…
