FinanceBrazilian unicorn fintech EBANX trials digital wallet serviceGBO CorrespondentJanuary 17, 2020 GBO CorrespondentJanuary 17, 20200644 EBANX became a unicorn, worth over $1 billion last year after a second-round investment by FTV Capital
TechnologyTop StoriesMaybank downgrades Thailand telcos to ‘neutral’ on 5G rolloutGBO CorrespondentJanuary 16, 2020 GBO CorrespondentJanuary 16, 20200782 Maybank’s telecom outlook is weak owing to Thais average income profile
Top StoriesGulf Capital targets healthcare with $100 mn IVI-RMA acquisitionGBO CorrespondentJanuary 15, 2020 GBO CorrespondentJanuary 15, 202001193 IVI-RMA Middle East is the fastest growing IVF service provider in the GCC
EnergyAramco faces heat from banks on incentives after thin IPO dealGBO CorrespondentJanuary 14, 2020 GBO CorrespondentJanuary 14, 20200603 Aramco plans to sell 450 million shares, increasing the size of its IPO to $29.4 billion
Top StoriesKfW Bank to back 10,000 African SMEs with $33 mn credit facilityGBO CorrespondentJanuary 14, 2020 GBO CorrespondentJanuary 14, 202001123 The German bank will support the African Guarantee Fund aimed at improving SME financing across the continent
FinanceStandard Chartered forges deal with Chinese fintech LinklogisGBO CorrespondentJanuary 13, 2020 GBO CorrespondentJanuary 13, 20200747 The bank has set up its digital banking centres in the African nations of Uganda, Tanzania, Ghana and Kenya.
Top StoriesHong Kong’s first virtual bank ZA Bank offers 6% interest rateGBO CorrespondentJanuary 13, 2020 GBO CorrespondentJanuary 13, 202001488 Standard Chartered, HSBC and BOC Hong Kong currently offer between 1.9% and 2.3% for the same maturity period
FinanceVanguard gears up to foray into UK’s investment advice sectorGBO CorrespondentJanuary 10, 2020 GBO CorrespondentJanuary 10, 20200615 Vanguard has emerged as the world’s quickest expanding fund managing firm
Top StoriesGlobal freight demand declined by 1.1% in last November: IATAGBO CorrespondentJanuary 10, 2020 GBO CorrespondentJanuary 10, 20200621 A decline in freight volumes is recorded for the thirteenth consecutive month
FinanceEx-CEO of HSBC Greater China to lead OCBC’s wholesale banking unitGBO CorrespondentJanuary 9, 2020 GBO CorrespondentJanuary 9, 20200814 Helen Wong, with 35 years of experience, to head OCBC’s banking unit from Feb 3, 2020