Columbia Pacific Advisors said it sold POW Gloves to Rojo Australia, Spacecraft Collective to Omen Longboards and Holden Outerwear to unidentified private investors 30 months after investing $2.5 million in the partnership that used to own ...
Tags: POW Gloves, Rojo Austalia, POW Holdings Brands, D.A, Davidson&Co.
The global transaction services organization SWIFT says the Chinese currency is increasingly being used by financial institutions worldwide to settle transactions. The organization said the yuan remained the fifth most used currency for ...
Tags: SWIFT, Chinese currency
Iconix Brand Group Inc. reported a loss of $263 million, or $5.44 a share, after charges of $402.4 million to writeoff the company's trademarks and goodwill. Over 90 percent of the impairment is related to the company's men's business ...
Reports on Monday suggest that Facebook is plotting to expand the Messenger app’s payment capabilities with an in-store option. Currently, some 800 million users of the standalone app are able to make personal payments, but The ...
Tags: Facebook, Messenger app, Apple pay
For the first time in Dubai and the Middle East, Instacar has launched its innovative technology driven services in the transport sector. The brainchild of UAE's new generation entrepreneur Mohammad Sharaf, launch of such a service comes ...
The online giant has proposed a new tech that will allow customers to complete transactions with the use of a selfie. Online retail giant, Amazon is looking to keep itself ahead of the curve with a proposed new method of paying for ...
The Australian Federal Government's Foreign Investment Review Board (FIRB) is allowing China's Moon Lake Investments to acquire Australia's largest dairy producer, Van Diemen's Land Company (VDL). The purchase price is AUD$280 million for ...
Wesfarmers has attributed its latest successful half-yearly results to a strategic emphasis on customer service, good value and improved product ranges in its Coles supermarkets and other retail stores. The parent company of Coles ...
Tags: Wesfarmers, Retail business
Apple, partnering with Chinese bankcard association UnionPay, launched its mobile payment system Apple Pay on Thursday in China, one of the world's largest mobile-payment markets -- but one already dominated by local players like Alibaba ...
Wilmar International announced that its wholly-owned subsidiary, Yihai Kerry Investments has entered into two conditional joint venture agreements (JVAs) with Singapore Food Industries (SFI) today to supply certain safe and high quality ...
Tags: Wilmar, China Market
China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...
Tags: Capital Market, SDR basket
Barclays has updated the Barclaycard app for Android to enable customers to make contactless payments using their smartphones. In lieu of Android Pay remaining a US-only proposition at present, Barclays is introducing the stopgap ...
Tags: Barclays, Android App
In an effort to continue delivery of industry-leading vehicle valuation insights to its business-to-business customers and improve their user experience, NADA Used Car Guide launched a new NADA Values Online product (formerly known as NADA ...
Tags: Used Car, NADA Values Online
An evaluation report on the "Double Eleven" shopping spree has been released in Beijing, offering insights into China's largest annual online shopping event. The report shows cases of dishonesty connected to e-commerce platforms and ...
Tags: Double Eleven, Credit Report
China's central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name ...
Tags: China Central Bank, Online Payment