Asia

Grab Continues Asian Expansion With Foray Into Vietnam
Grab Continues Asian Expansion With Foray Into Vietnam
August 26, 2019  |  Investments

Ride-hailing company Grab, which recently announced a $2 billion expansion plan in Indonesia, said it was going to invest “several hundred million dollars” in Vietnam,...

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HSBC Axes CEO Flint In Effort To Speed Growth
HSBC Axes CEO Flint In Effort To Speed Growth
August 05, 2019  |  International

In fewer than 18 months, HSBC’s chief executive officer John Flint is out, The Financial Times reported on Monday (Aug. 5). The surprise move is...

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SoftBank Ventures Asia Notches $270M To Fund Startups
SoftBank Ventures Asia Notches $270M To Fund Startups
July 19, 2019  |  Investments

The Seoul venture capital division of Japanese multinational holding company SoftBank has raised $270 million, or 317 billion won. The new fund of SoftBank Ventures...

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New China Guidelines Increase Foreign Business Opportunities
New China Guidelines Increase Foreign Business Opportunities
July 14, 2019  |  International

The world’s second-largest economy wants to make business transactions easier, from nurturing private enterprises to widening market access. The 30-page draft guidelines published by the...

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Grab Backs UK Startup Splyt Technologies
Grab Backs UK Startup Splyt Technologies
June 25, 2019  |  Investments

In a move that will extend the reach of its services outside of Southeast Asia, Grab has extended a partnership with Splyt Technologies and invested...

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Former JPMorgan Asia Executive Charged In Hiring Scandal
Former JPMorgan Asia Executive Charged In Hiring Scandal
May 16, 2019  |  Security & Fraud

A former JPMorgan Chase executive was charged in Hong Kong for bribing an executive of another firm by offering his son a job through the...

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Banks Tightened Real Estate, Credit Card Borrowing Standards In Q1
Banks Tightened Real Estate, Credit Card Borrowing Standards In Q1
May 07, 2019  |  Loans

Standards on commercial real estate loans and credit card borrowing were tightened by U.S. banks during the first three months of the year, with banks...

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Standard Chartered Broadens Biz Banking Services Across Asia
Standard Chartered Broadens Biz Banking Services Across Asia
April 16, 2019  |  B2B Payments

Standard Chartered is spreading the availability of some of its corporate financial services across Asia. A press release Monday (April 15) said Standard Chartered is...

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Virtual Reality: 5G Retailers’ Secret Sauce?
Virtual Reality: 5G Retailers’ Secret Sauce?
April 04, 2019  |  Retail

Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking...

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