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In the second quarter of 2025, multinational food company Kraft Heinz reported a net loss of $8 billion (AUD$12 billion). This financial downturn was primarily due to a $9.3 billion impairment charge. However, despite significant market challenges, the…
Gold prices in Vietnam experienced a modest uptick Thursday morning, influenced by a slight rise in global gold rates amidst a weakening dollar. The Saigon Jewelry Company reported a 0.25% increase in gold bar prices, bringing them to VND119.8 million…
China CITIC Bank International is showcasing a robust ability to weather the ongoing challenges in Hong Kong’s sluggish property market, as reported by Moody’s. The bank is expected to uphold its solid asset quality, strong capital base, and excellent…
The landscape of corporate lending at Taipei Fubon Commercial Bank (TFCB) is set for a period of modest turbulence, but the institution is firmly grounded in its financial foundation. According to Moody’s Ratings, the bank is projected to maintain solid…
Vietnamese coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns of pricier espressos across the world, even as some farmers keep yields healthy with clever countermeasures. Domestic forecasts for next season’s…
