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FINANCE Tuesday, 22 March 2022 07:09

No Swiss Watches for Russia

The latest EU sanctions adopted by Switzerland affect luxury goods, including the country’s fabled watch brands.

FINANCE Tuesday, 22 March 2022 07:03

Julius Baer CEO's Big Payday

Julius Baer CEO gets lucrative pay deal for 2021 following the Zurich-based private banks bumper year.

FINANCE Monday, 21 March 2022 17:08

Evergrande and Related Units Suspend Trading in Hong Kong

Evergrande and its various other listed arms suspended trading in Hong Kong, marking yet more challenges to the world’s most indebted property developer.

FINANCE Monday, 21 March 2022 15:53

SSGA to Step Down as Hong Kong Tracker Fund Manager

More than a year after State Street Global Advisors faced scrutiny over a decision to comply with and then overrule U.S. sanctions, the Boston-based firm is reportedly set to be replaced as the manager of the Tracker Fund of Hong Kong.

PEOPLE Monday, 21 March 2022 15:14

Credit Suisse Reshuffles Group Board

Credit Suisse has announced new changes to its board of directors with three current members deciding not to stand for reelection.

PEOPLE Monday, 21 March 2022 14:01

Magellan Financial Co-Founder Resigns

Magellan Financial Group’s co-founder Hamish Douglass resigned as an independent director Monday, more than a month after he took medical leave from the chairman and chief investment officer roles.

FINANCE Monday, 21 March 2022 13:46

Hong Kong Eases Covid Restrictions

As promised, the Hong Kong government unveiled plans to loosen Covid restrictions after its leader admitted last week that the tolerance of some financial institutions in the city was waning.

PEOPLE Monday, 21 March 2022 12:48

Adam Tooze: «Big Powers With Grand Visions Make Mistakes»

Prize-winning historian, writer and economic commentator, Adam Tooze, describes the decision to invade Ukraine as merely a «gross error» rather than one driven by historical forces, underlining surprises in ineffective military operations and a shocking resistance.

HIGH-END Monday, 21 March 2022 12:24

Russian Accounts: Good to Have a Swiss Passport!

With Switzerland adopting the EU's Russia sanctions, Swiss banks are only allowed to accept limited funds from Russian clients. But exceptions abound.

FINANCE Monday, 21 March 2022 11:37

Singapore’s BNPL Players Eye Ground Rules

Singapore is setting up a Buy Now, Pay Later Working Group (BNPL WG) as an industry-led initiative to develop a framework for the market, the Singapore FinTech Association (SFA) said Monday.

FINANCE Monday, 21 March 2022 10:39

Stefan Bannwart: «Learning From the Masters of Deception»

Everyone is very convincing when they appear genuine. We even admire movie stars for it. In an essay on finews.first, Stefan Bannwart looks at what we can learn from them.

FINANCE Monday, 21 March 2022 09:47

MoneySmart Gets $162 Million Bid

Asia-Pacific Strategic Investments, which has tycoon Oei Hong Leong as a controlling shareholder, has entered a deal to acquire personal finance marketplace MoneySmart for $161.7 million in an all-share deal.

PEOPLE Monday, 21 March 2022 09:31

Swiss Re Appoints China Reinsurance CEO

Zurich-headquartered insurer Swiss Re has appointed a new country president and chief executive for reinsurance in China.

FINANCE Friday, 18 March 2022 16:00

Hong Kong: «Some of Our Financial Institutions Are Losing Patience»

Hong Kong chief Carrie Lam made a public admission that the tolerance was fading at some financial firms in the city and signalled potential loosening of Covid restrictions.

PEOPLE Friday, 18 March 2022 14:56

Australian Watchdog Sues Meta Over Financial Scam Ads

The Australian Competition & Consumer Commission has filed a lawsuit against Meta Platforms over allegations that it failed to prevent scammers from delivering promotions on its platform that were falsely endorsed by famous individuals from the country.

FINANCE Friday, 18 March 2022 14:19

Tencent’s WeChat Pay Faces Fresh Regulatory Hurdles

China’s regulators may tell Tencent Holdings to house its WeChat Pay in a financial holding company, with potentially new licensing requirements, Bloomberg reported Friday, citing people familiar with the matter.

FINANCE Friday, 18 March 2022 13:03

Russia May Have Averted Sovereign Bond Default

Russia may have averted a sovereign bond default, with coupon payments due this week received and processed by correspondent bank JPMorgan, Reuters reported Thursday, citing a source familiar with the situation.

FINANCE Friday, 18 March 2022 12:32

Yoon Suk-Yeol: Are Korean Crypto Bulls Headed for the Moon?

Newly elected South Korean President Yoon Suk-Yeol is a self-proclaimed supporter of cryptocurrencies, vowing to achieve deregulation, lower taxes and the creation of unicorns in the industry. Will the nation’s crypto bulls see the promise be fulfilled?

PEOPLE Friday, 18 March 2022 12:32

Citi Appoints Top Treasury and Trade Roles in Hong Kong

Citi’s treasury and trade solutions unit has made two senior appointments in Hong Kong.

PEOPLE Friday, 18 March 2022 12:10

QBE Hong Kong Taps Prudential Veteran for Chairman

QBE has appointed William Kuan as chairman and independent non-executive director for its Hong Kong boards.

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