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The performance of the United States dollar presented a mixed picture on Tuesday, as it dipped slightly against the Vietnamese dong while maintaining its position against other key currencies. The state-owned Vietcombank recorded a 0.04% reduction in the…
On Thursday afternoon, fluctuations in global rates resulted in a decrease in gasoline prices and an increase in diesel prices. The popular gasoline variant, E10 RON95, saw a 2.01% drop pricing it at VND20,000 (US$0.76) per liter. Diesel Prices Rise as…
The popular convenience store chain, 7-Eleven, has filed a lawsuit against sportswear behemoth Nike, alleging that their upcoming sneaker design infringes upon 7-Eleven’s iconic tri-color branding. This legal action comes in response to the striking…
Over the weekend, the U.S. dollar experienced a dip against the Vietnamese dong on the informal currency exchange market. The dollar was traded 0.34% lower at VND26,560 at unofficial exchange points, while Vietcombank maintained its rate at VND26,463. Global…
Timex Group has successfully finalized the acquisition of Daniel Wellington, a distinguished Swedish watch and jewellery brand. This follows an initial 25% investment made by Timex three years prior. Throughout this time, the two entities have collaborated…
Birkenstock, a well-known German footwear brand, continues to broaden its reach in India with the opening of its largest in-mall store in Chennai. This latest endeavour elevates the brand’s presence in India to a whopping 63 stores, a remarkable leap since…
Lanvin Group has announced the appointment of Barbara Werschine as the new Chief Executive Officer (CEO) of Lanvin. This strategic decision is part of the luxury fashion group’s initiative to bolster Lanvin’s global standing and promote growth. Barbara…
In the words of Zhen Huang, Chairman, Lanvin experienced a steadier second half following a tumultuous year where restructuring efforts started to show promise. Sales for the brand itself, however, observed a downturn of nearly a third. The Current Economic…
On Wednesday, there was an uptick in Vietnam’s gold prices as global bullion rates experienced a slight decrease. The gold bar price from Saigon Jewelry Company witnessed an increase of 0.87%, reaching VND174.5 million (US$6,626.79) per tael. This valuation…
New Zealand’s ruby-red kiwifruit has made its debut in Vietnam through formal imports, attracting high demand despite its price tag of approximately VND350,000 (US$13.29) per kilogram, which is 20% higher than the cost of gold kiwifruit. Retailers have been…
Since October of the previous year, Daniel Calado, the CFO, has been temporarily guiding HSBC Swiss Private Bank. However, as of the 27th of April, Alfonso Gómez will assume the role of CEO. Gómez has spent over three decades with the Spanish banking…
In response to heightened scrutiny by the European Union (EU), Chinese e-commerce platform AliExpress has announced enhanced measures to ensure compliance with the bloc’s regulations. This move comes as the EU intensifies its focus on rapidly expanding online…
Former Citi veteran, Ida Liu, has been announced as the new Global CEO of HSBC Private Bank, effective from January 5, 2026. This strategic move aims to enhance the bank’s leadership among ultra-high net worth clients, bolster cross-border connectivity in…
On Thursday, Alibaba announced the release of its Quark artificial intelligence (AI) glasses in China, signalling the tech giant’s entry into the AI wearables market that is currently led by Meta. The headset, priced starting from 1899 yuan (equivalent to…
Standard Chartered recently revealed that it has chosen a new leader for its securities division in mainland China. Appointment of New CEO for Standard Chartered Securities (China) Limited Standard Chartered Securities (China) Limited (SCSCL), the Chinese…
British-based shoe company, Clarks, is set on opening its first-ever Cloudsteppers concept stores in Malaysia, marking a key element in its ongoing worldwide expansion strategy. This decision aligns with Clarks’ efforts to emphasize their new comfort-focused…
