Asia

Western Union Opens Platform To Asia Affiliates
Western Union Opens Platform To Asia Affiliates
October 23, 2019  |  International

Global payment services firm Western Union is expanding its cross-border platform into Asia, the company said in a press release on Wednesday (Oct. 23). The...

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Top Banks Adjust Asia Strategy To Support Corporate Clients
Top Banks Adjust Asia Strategy To Support Corporate Clients
August 29, 2019  |  B2B Payments

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...

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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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