Major Chinese banks cut high-yield deposit products to ease margin pressure

Major Chinese banks cut high-yield deposit products to ease margin pressure

[ad_1] [BEIJING] Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin pressure. Banks, including Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (AgBank), now only offer shorter-term, large-scale CDs ranging from…

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Escape to a Winter wonderland at Banff’s Sunshine Mountain Lodge

Escape to a Winter wonderland at Banff’s Sunshine Mountain Lodge

[ad_1] Escape the ordinary this winter and discover the magic of Banff Sunshine, home to Sunshine Mountain Lodge, the only ski-in, ski-out hotel in Canada’s famous Banff National Park. Ski season is officially open and the slopes are calling, inviting you to explore one of North America’s premier winter destinations. Banff Sunshine Village is more…

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GXS cuts about 10% of workforce in rightsizing exercise

GXS cuts about 10% of workforce in rightsizing exercise

[ad_1] [SINGAPORE] Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group. This exercise is part of the group’s transition from the early growth stages of building a bank to running the operations, GXS CEO Lai Pei-Si said in a note to the company. The cuts are…

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Chinese smart glasses firms eye overseas conquest

Chinese smart glasses firms eye overseas conquest

[ad_1] [HANGZHOU, China] In China, artificial intelligence (AI) glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets. Interest in smart eyewear is soaring worldwide after more than a decade of…

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Apple Tap to Pay now available in Singapore, allowing merchants to use iPhones as contactless payment terminals

Apple Tap to Pay now available in Singapore, allowing merchants to use iPhones as contactless payment terminals

[ad_1] The function also supports contactless credit and debit cards from American Express, JCB, Mastercard, UnionPay and Visa [SINGAPORE] Apple has announced that Tap to Pay on iPhone is now available in Singapore, allowing merchants to use the iPhone as a contactless payment terminal. In a statement on Dec 2, Apple said that the new…

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Infinity Development closes flat at S$0.39 on Catalist debut

Infinity Development closes flat at Salt=

[ad_1] [SINGAPORE] Shares of adhesive manufacturer Infinity Development were up 1.3 per cent at Wednesday’s (Dec 3) open – as the company debuted on the Catalist board of the Singapore Exchange. The counter opened at S$0.395, compared with its all-placement offer of 35.1 million placement shares at S$0.39 apiece. It ticked up to S$0.40 by…

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