Asia

Home Renovation Startup Livspace Nets $90M To Expand In Asia; IKEA, Goldman Sachs Among Investors
Home Renovation Startup Livspace Nets $90M To Expand In Asia; IKEA, Goldman Sachs Among Investors
September 02, 2020  |  Investments

Home space and renovations platform Livspace, which counts Goldman Sachs and IKEA among its investors, has ended a funding round intended to bolster expansion in...

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Global Remittances May Fall By $109B In 2020
Global Remittances May Fall By $109B In 2020
August 03, 2020  |  Cross-border Payments

If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 billion this year,...

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B2B Payments Deterioration Eyed For Asia
B2B Payments Deterioration Eyed For Asia
June 15, 2020  |  B2B Payments

For global traders, emphasis continues to be placed on the urgency for corporates in a strong financial position to support their supply chains through on-time...

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HSBC To Restart Restructuring, Eyes Deeper Job Cuts
HSBC To Restart Restructuring, Eyes Deeper Job Cuts
May 25, 2020  |  Banking

The biggest reorganization in HSBC’s history could get even larger as more cuts are requested by the board following the economic fallout from the worldwide...

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Singapore’s Ninja Van Delivery Startup Raises $279M
Singapore’s Ninja Van Delivery Startup Raises $279M
May 06, 2020  |  Investments

Parcel delivery startup Ninja Van, working in overdrive during the pandemic, ended a funding round with $279 million. Ninja Van’s clients include names like L’Oreal...

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Coronavirus Cases Climb; Dow Sinks Along With Mortgage Rates 
Coronavirus Cases Climb; Dow Sinks Along With Mortgage Rates 
February 24, 2020  |  International

As the Coronavirus spreads beyond the borders of Asia, its effects are casting a widening shadow that is being felt in just about every industry,...

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Asian Food Delivery Firm HungryPanda Raises $20M
Asian Food Delivery Firm HungryPanda Raises $20M
February 20, 2020  |  Investments

Online food delivery company HungryPanda has raised $20 million in a funding round led by Antoine Nussanbaum from Felix Capital and Laurel Bowden from 83North,...

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Deutsche Bank To Help Sri Lanka With Digital FX
Deutsche Bank To Help Sri Lanka With Digital FX
February 18, 2020  |  B2B Payments

Deutsche Bank announced on Tuesday (Feb. 18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX)...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  International

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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