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FINANCE Saturday, 5 December 2015 15:32

World Auction Record Per Carat For A Ruby At Hong Kong Sale

Christie’s Hong Kong sale of Magnificent Jewels this week realised US$96,904,062, selling 80% by lot and 83% by value. The Crimson Flame, an exceptionally rare Burmese ruby, sold for US$18 million, setting a world auction record per carat of US$1.2 million. A...

PEOPLE Friday, 4 December 2015 23:00

Oliver Berger: Next Generation CEO

Given the massive importance that technology has in modern banking, it is a credible suggestion that by 2020 we will see the first financial services CEOs who have spent the majority of their careers in IT, writes Oliver Berger.

FINANCE Friday, 4 December 2015 18:38

DBS Bank To Invest S$10 Million In Singapore Startup Ecosystem

Singapore’s DBS Bank has announced it will invest S$10 million in initiatives that will support the development of the startup ecosystem in Singapore over the next five years. These initiatives include DBS owned programmes, partnerships with accelerators and...

FINANCE Friday, 4 December 2015 15:45

Japanese Households To Have ¥23 Trillion Available Annually For Investment

The income of Japanese households from lump-sum retirement benefits is likely to decrease now that the Baby Boomer retirement wave has crested. However, lump-sum retirement benefits will remain an important funding source for investments in financial assets, and...

FINANCE Friday, 4 December 2015 15:44

PropertyGuru Acquires Rumahdijual One Of Indonesia’s Leading Property Sites

PropertyGuru Group, Asia's leading online property portal group, has announced that it has acquired RumahDijual.com, one of Indonesia's leading property websites, for an undisclosed amount. This comes on the back of its latest acquisition of leading new project...

FINANCE Friday, 4 December 2015 15:43

Week 49: Roundup Of Senior Moves Across APAC

The Asian Wealth Times has reported on several senior moves this week now as week number 49 comes to an end here is a round up of some other notable senior professional moves across the region. Dutch lender ING has appointed John Sprengelmeijer as its new Hong...

FINANCE Friday, 4 December 2015 15:42

Ferrari Celebrates South-East Asian Premiere For Ferrari 488 Spider

The Ferrari 488 Spider officially made its Southeast Asian debut in Phuket, the very first appearance in this region following the world premiere at the Frankfurt International Motor Show in September. “We are very excited to have the premiere of this latest...

FINANCE Thursday, 3 December 2015 15:51

Hong Kong Property Prices Could Fall 10% - UBS

Speaking in Singapore yesterday at a briefing for the UBS 2016 House View, Tan Ming Lin, Head of APAC Investment Office at UBS Chief Investment Office, expressed the view that Hong Kong property prices could come off by as much as ten percent in 2016. Overall UBS...

FINANCE Thursday, 3 December 2015 15:50

Dalian Wanda Considering €1.2 Billion Stake In 'Las Vegas Of Spain

Chinese billionaire Wang Jianlin is once again looking at investing in Spain as media reports claim he is negotiating a deal to invest €1.2 billion in the Marina d'Or resort on the Mediterranean coast. It is thought that he is working on a deal to acquire a 75...

FINANCE Thursday, 3 December 2015 15:49

BNP Paribas Strengthens Wealth Management Team In South East Asia

BNP Paribas Wealth Management has announced a number of strategic appointments in South East Asia, underlying its commitment to building a market-leading franchise in the region. Inge Kua is assuming the new role of Senior Advisor to Stephanie Lair, Head of...

FINANCE Thursday, 3 December 2015 15:48

CITIC Securities International And CLSA Launch FICC Sales And Trading Desk In London

CITIC Securities International (CSI) and CLSA Limited (CLSA) have jointly announced the launch of a Fixed Income Currencies and Commodities (FICC) sales and trading desk in CLSA (UK’s) London office. The new trading desk will serve European clients who are...

FINANCE Thursday, 3 December 2015 15:47

Tiny Watercolour By Modern Chinese Master Triples Estimates At Bonhams

A small watercolour by one of the most celebrated modern Chinese masters has more than tripled its top-end estimate, fetching $170,800 IBP at Bonhams’ Asian Art sale in Sydney. Four Apples by Qi Baishi, painted in 1947, attracted frenzied bidding from collectors...

FINANCE Wednesday, 2 December 2015 16:55

Promotion for Credit Suisse Top Banker in Asia

A Credit Suisse top manager with a long track record in Asia has been promoted to a new position. The bank also plans a major change at the top of private banking in Australia.

FINANCE Wednesday, 2 December 2015 15:06

HSBC Report: Asian Entrepreneurial Women Lead The Way

Women are more likely to become successful entrepreneurs in Asia than in Western Europe or North America, according to new research from HSBC. The study, conducted by market research company Scorpio Partnership on behalf of HSBC, found that 51 per cent of female...

FINANCE Wednesday, 2 December 2015 15:04

New Report: Apple Watch Banking Apps Fail To Excite Clients

Despite the rapid market growth of smartwatches, and in particular the Apple Watch, the Apple Watch banking apps are not living up to their promises. This is a key finding in the new report “Banking on the Apple Watch 2015 – Time to Deliver Apps that Excite...

FINANCE Wednesday, 2 December 2015 15:03

Singapore Exchange Launches SGX Thematic Indices

The Singapore Exchange (SGX) has announced the launch of SGX Thematic Indices, a suite of equity indices under its index business, SGX Index Edge. Launched in October 2015, SGX Index Edge offers comprehensive index services for issuers, asset managers and...

FINANCE Wednesday, 2 December 2015 15:03

Credit Suisse Calibrates Asian Private Bank Management Structure

A change in the Asian management structure of Swiss private bank Credit Suisse was announced at a town hall conference across Asia yesterday. Francois Monnet, currently chief operating officer private banking Asia Pacific, is lined up to take over from Tee Fong...

FINANCE Wednesday, 2 December 2015 14:58

Chinese Investors Snap Up Manchester City Stake

A consortium of Chinese institutional investors have paid $400 million for a 13 percent stake in the company that operates Manchester City, which was previously wholly owned by Sheikh Mansour bin Zayed Al Nahyan’s Abu Dhabi United Group (ADUG). The deal, which...

FINANCE Tuesday, 1 December 2015 16:14

Swiss Bankers Are Mulling Business Opportunities in Iran

The agreement between world powers including the U.S. with the government of Iran over the latters nuclear industry is removing hurdles to do business in the country of the mullahs.

FINANCE Tuesday, 1 December 2015 16:05

IMF’s Executive Board Completes SDR Basket Review, Includes Chinese Renminbi

The Executive Board of the International Monetary Fund (IMF) completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese renminbi (RMB) met the existing...

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