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FINANCE Thursday, 8 October 2015 15:44

New PM Sees Australia Growing As Financial Hub

The new Australian Prime Minister Malcolm Turnbull has indicated his government would be looking at calibrating certain "tax levers" in order to help Australia seize what he sees as an opportunity and make his country into a more significant player as a global...

FINANCE Thursday, 8 October 2015 15:44

Fintech: Japan’s JCB To Trial Payment By Palm – First Global Payment Brand To Use Palm Vein Authentication

JCB Co., Ltd the only international payment brand based in Japan, will be conducting a trial of payment using palm vein authentication in corporation with Fujitsu Limited and Fujitsu Frontech Limited. The trial will be held at the JCB World Conference in October,...

FINANCE Thursday, 8 October 2015 15:43

Chinese Yuan Shows Strong Momentum Reaching #4 As An International Payments Currency

SWIFT's RMB Tracker shows the currency has entered the top four of world payment currencies by value in August 2015, overtaking the Japanese Yen and reaching a record high share of 2.79% in global payments. In the last three years, the RMB has overtaken seven...

FINANCE Thursday, 8 October 2015 15:42

Korean Fund Takes Stake In New York Property

The Korean Teachers’ Credit Union recently bought a minority stake in 51 Astor Place, a deal that values the futuristic-looking Midtown South office property at $600 million. The Seoul-based credit union, which has more than $23 billion in assets under...

FINANCE Thursday, 8 October 2015 13:49

UBS faces $500-million lawsuit over China deal

An investment firm that claims it was cheated by UBS to the tune of hundreds of millions of dollars linked to an investment deal in China has sued the Swiss bank for fraud in the United States. The case is a bad omen for other Swiss banks.

FINANCE Thursday, 8 October 2015 12:55

The Lesser-Known Activities of UBS in the Asian Market

UBS is well known for its wealth management business in Asia. But the lesser-known activities of the Swiss banking giant in the region are also a source of interest.

FINANCE Wednesday, 7 October 2015 22:21

Are high salaries dragging private banking into the abyss?

Despite falling revenues, Swiss private banks are failing to bring down their high salary costs. Time is running out for the sector.

FINANCE Wednesday, 7 October 2015 18:01

T. Rowe Price Appoints New Head Of Intermediary Sales In Asia

T. Rowe Price Inc., the US $773bn global independent asset manager has appointed Elsie Chan as the Head of Intermediary Sales, Asia (Ex-Japan, Ex-Australia). She will report to Scott Keller, Head of Global Investment Services, Asia Pacific at T. Rowe Price. In...

FINANCE Wednesday, 7 October 2015 15:13

Saxo Bank Sees Opportunity In Emerging Markets Amid Falling Global Growth And A Tumultuous Start To Q4

The plunge in the price of oil and other commodities has scores of emerging markets under severe pressure. And yet, it is in emerging markets that Saxo Bank sees most hope. As risks to global growth increase, the timing of a US interest rate move remains a shadow...

FINANCE Wednesday, 7 October 2015 15:13

Standard Chartered Launches SuperCharger FinTech Accelerator Programme

Another international banking group has entered the burgeoning fintech arena. Standard Chartered Bank (Hong Kong) Limited yesterday signaled its ongoing commitment to encouraging innovation and entrepreneurship by sponsoring the SuperCharger, a FinTech...

FINANCE Wednesday, 7 October 2015 15:11

Sotheby’s Modern And Contemporary Asian Art Sale Generates HK$596 Million - Exceeds Estimates

After record-breaking numbers at auctions and art sales in Hong Kong earlier this year there was a concern that excess liquidity may have been lost in the recent market turbulence, and the autumn sales would struggle to find buyers. However by the end of an...

FINANCE Wednesday, 7 October 2015 15:10

London Ranked Most Expensive To Live And Work - Hong Kong, Shanghai And Mumbai Look Least Affordable

London, Hong Kong and New York are the world’s most expensive cities for companies to accommodate employees, with London just ahead, according to latest Savills Live/Work Index which measures the combined cost of residential and office rental per person per year...

FINANCE Tuesday, 6 October 2015 22:21

Former UBP Asia Boss Starts His Own Business

Stephan Repkow had it all as Asia-boss at Union Bancaire Privée: a job with prestige, interesting tasks and a great salary. The Frenchman chose a different path for his career, one that quite a few of his peers in Asia are taking. Repkow is founding his own...

FINANCE Tuesday, 6 October 2015 21:36

Allianz Global Wealth Report: Asia Remains Unrivaled Growth Champion

Allianz has unveiled the sixth edition of its "Global Wealth Report", which puts the asset and debt situation of private households in more than 50 countries under the microscope. Based on the findings of the report, three first-time milestones in financial asset...

FINANCE Tuesday, 6 October 2015 18:58

Growing Appetite In South East Asia For Foreign Investment Themes

Amid a tough and diverse distribution landscape in the region, certain product structures are gaining more traction than others, this according to research from Global financial services research firm Cerulli. The appetite for overseas investing among Southeast...

FINANCE Tuesday, 6 October 2015 14:57

Online Hiring In Banking And Finance Sector Remains Slow In SE Asia

As economic conditions continue to stutter, online recruitment activities across Southeast Asia's Banking and Finance sectors are registering weak growth. This is according to the latest Monster Employment Index (MEI), a monthly gauge of online job hiring...

FINANCE Tuesday, 6 October 2015 14:56

East Asia Pacific Growth To Moderate Says World Bank

East Asia remains one of the main growth drivers of the world economy, accounting for nearly two-fifths of global economic growth, according to a new World Bank report. Overall, the region is expected to grow 6.5 percent in 2015, moderating slightly from 6.8...

FINANCE Tuesday, 6 October 2015 14:55

National Australia Bank Joins Forces With Startup Trailblazers

National Australia Bank (NAB) has now become a major supporter of Australia’s largest startup space, home to 176 startups, Fishburners. Executive General Manager NAB Labs, Jon Davey, said the partnership is an important step for NAB to learn and partner with...

FINANCE Tuesday, 6 October 2015 14:53

Warhol’s Mao At Sotheby’s - Estimated Price $40 Million

Currently on view in Hong Kong Andy Warhol’s Mao will come up for sale on the 11th of November. The work which is one of the most important of the series remaining in private hands is estimated to fetch in the region of $40 million. Created in 1972 the large 82 x...

FINANCE Tuesday, 6 October 2015 14:48

Professional Moves Round Up – Tuesday 6th October

Here is our round up of senior professional moves across the region for the first few days of October. Citibank Singapore (Citibank) announced that Sherry Leong has been appointed Head of Secured Finance Solutions for Singapore with immediate effect. Ms Leong...

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