Search Results for: asia
Trump, Russia and China
December 19th, 2016
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the ...
A Baht-Yuan cross-currency settlement system using blockchain technology
December 19th, 2016
KASIKORNBANK, in cooperation with International Business Settlement Co., Ltd. (IBS), a Chinese FinTech giant, has developed a real-time Sino-Thai settlement system based on the Next Generation Settlement Network (NGSN) which helps save time and costs while providing the utmost ...
Dollar Extends Loss Amid Drone Concern, Oil Rises for Second Day
December 19th, 2016
China seized U.S. drone in international waters in Asia Japan shares fall for first time in three days as yen gains The dollar retreated versus most major peers, as heightened geopolitical tensions over China’s seizure of a U.S. naval ...
Singaporean court convicts private banker in 1MDB money laundering case
December 16th, 2016
Yvonne Seah Yew Foong, a former BSI SA private banker, became the second person to be convicted in Singapore’s probe into alleged money laundering linked to 1Malaysia Development Bhd. Judge Salina Ishak found Seah guilty of three charges in ...
Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop
December 16th, 2016
‘It feels like going long dollar is free money, no one loses’ Asian index futures diverge as yen drives haven-asset retreat The dollar rallied to its strongest level since 2003 against the euro, while gold plunged as the prospect ...
BDO reports Global revenues rise to US$7.6 billion
December 15th, 2016
FY16 global revenues up by 8% High number of strategic mergers – over 30 network-wide Commitment to digital transformation delivering leading-edge services to clients Growth spearheaded by BDO firms in US (+12%) and China (+13%) Long-term investment in ...
KPMG overcomes gloomy backdrop with 8% revenues jump
December 14th, 2016
Accountancy major KPMG International has booked a solid hike in full-year revenues despite what it described as a “challenging” business environment across Europe, the Middle East and Africa. Latest results revealed that global turnover topped $25.4 billion (£20bn) in ...
Oil prices fall on rising U.S. crude stocks, OPEC output concerns
December 14th, 2016
Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut. U.S. West Texas Intermediate (WTI) ...
Basketball superstar Michael Jordan wins major China IP legal case
December 13th, 2016
Michael Jordan has notched a major win for his intellectual property in China, winning rights to the transliteration of his name Jordan in Mandarin. Last week, the Supreme People’s Court overturned two rulings by Beijing courts in the last ...
Emerging Payments Association Board strengthened by global industry leaders
December 13th, 2016
Payments leaders from Saxo Payments, Modulr, Global Risk Technologies, Bacs, and The Just Loans Group elected to join the ranks and widen the expertise of the Emerging Payments Association (EPA) Advisory Board to advance payments innovation The Emerging Payments ...
