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Banking system works to ensure cash supply for CNY
HANOI: The State Bank of Vietnam (SBV) has requested its branches, credit institutions, foreign bank branches, and the National Payment Corporation of Vietnam (NAPAS) ensure the safety of banking operations during the upcoming Lunar New Year holiday.
Goldman to acquire full control of securities JV
BEIJING: US investment bank Goldman Sachs Group Inc is moving closer to gaining full control of its securities business in China after signing an agreement to buy out its local joint venture partner.
Goldman Sachs signs pact to wholly own China JV
HONG KONG: Goldman Sachs Group Inc has signed a pact with its China joint venture partner to wholly own the business, becoming the latest foreign bank to take advantage of the opening up of the financial sector in the world's second-largest economy.
Student scammed RM10k by 'US collector' trying to purchase out-of-circulation M'sian currency
MELAKA: A Form Six student here lost RM10,000 to a fraudster claiming to be an antique collector from the United States who wanted to buy a RM2 note and five one-sen coins, both of which are no longer in circulation.
China's reforms shore up confidence for investors
BEIJING (China Daily/ANN): For Martin Papp, a US entrepreneur who founded a tea startup in China, the Covid-19 pandemic has pressed a pause button on many of his plans. The virus has forced him to work remotely in Los Angeles for 10 months and suspended the opening of his tea factories
Foreign bank branch manager in Indonesia held over Rp22bil theft from accounts
JAKARTA, Nov 7 (The Jakarta Post/ANN): The National Police have detained a branch head of private lender Maybank Indonesia for allegedly siphoning off billions of rupiah from accounts owned by renowned e-sports athlete Winda Lunardi and her mother.
Houston tech mogul Robert Brockman charged in record U.S. tax evasion scheme
WASHINGTON (Reuters) - Houston technology executive Robert Brockman has been charged in the biggest tax evasion case in U.S. history after fellow billionaire Robert Smith turned against him to avoid prosecution himself, the Justice Department said on Thursday.
Singapore recovers US$5mil laundered in e-mail scam
SINGAPORE (The Straits Times/ANN):- The Singapore Police Force's Anti-Scam Centre (ASC) has recovered the bulk of US$5 million (S$6.79 million) stolen in an alleged business e-mail scam.
Central bank cuts interest rate to aid Vietnamese economy
HANOI (Vietnam News/ANN): The State Bank of Vietnam (SBV) will cut the benchmark interest rate from Thursday (Oct 1) to support the national economy amid difficulties posed by the Covid-19 pandemic.
ANALYSIS: Why US won't 'decouple' from China in finance
Does the United States really want to decouple from China in the financial industry? Presumably, the answer is "No".
