November 10, 2019
Slowdown In China Spending Could Impact Luxury Goods Providers
Research firm Sanford C. Bernstein says affluent Chinese consumers are not indulging on luxury and non-essential goods, Bloomberg reported on Saturday (Nov. 9). Bernstein luxury goods analyst Luca Solca said...
November 06, 2019
Facebook To Enhance Encryption On Messenger Despite Regulators’ Protests
Facebook said it is going to enhance encryption capabilities on its Messenger communication platform, despite requests from lawmakers and regulators not to do so because of the potential result that...
October 24, 2019
US Senators Want Probe Into TikTok’s ‘Counterintelligence Threat’
Two U.S. senators, Sen. Charles Schumer and Sen. Tom Cotton, have asked Acting Director of National Intelligence Joseph Maguire to look into super popular video-sharing app TikTok for potential security...
October 17, 2019
Hong Kong Allows Banks To Reschedule SMB Loan Payments
Hong Kong’s central bank has announced measures that top financial institutions of the city plan to deploy in support of local small businesses, Reuters reported Wednesday (Oct. 16). Nine top...
October 16, 2019
US Accuses Turkey’s Halkbank Of Plot To Evade Iran Sanctions
The U.S. has accused Halkbank, one of Turkey’s largest banks, of participating in a scheme to evade sanctions against Iran. In an indictment filed on Tuesday (Oct. 15) in Manhattan...
October 01, 2019
India’s PMC Bank Accused Of Loan Fraud
A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report by Reuters. The complaint was...
September 04, 2019
Singapore: Temasek postpones sale of US$3B AS Watson stake
Temasek Holdings is postponing the sale of a minority stake in AS Watson Group, the retailer backed by Hong Kong tycoon Victor Li, as months of anti-government protests continue to...
September 02, 2019
India: Bank staff protests mega bank merger move
Members of the All India Bank Employees’ Association on Saturday staged a protest here against the Centre’s decision to merge 10 public sector banks into four entities. Employees of all...
August 29, 2019
Top Banks Adjust Asia Strategy To Support Corporate Clients
Some of the world’s largest banks are adjusting their strategies in Asia in order to strengthen their support of corporate and small business clients. Reuters reported this week that HSBC...