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Top finews.asia News

Trump announces 25% tariffs on Japan, South Korea in first U.S. trade letters

Trade · United States

Trump announces 25% tariffs on Japan, South Korea in first U.S. trade letters

52% Center coverage: 403 sources

The United States will impose 25% blanket tariffs on imports from Japan and South Korea starting Aug. 1, President Donald Trump revealed Monday. See the Story

White House: Trump to Extend ‘Reciprocal’ Tariff Deadline to Aug. 1

Trade War · United States

White House: Trump to Extend ‘Reciprocal’ Tariff Deadline to Aug. 1

44% Center coverage: 174 sources

President Trump plans to issue an executive order to extend the pause on his steep, so-called reciprocal tariffs to Aug. 1, White House press secretary Karoline Leavitt said Monday. The pause had been set to expire Wednesday. The announcement came as Trump on Monday began sending letters to Japan, South Korea and other nations threatening them with the reimposition of tariffs. Leavitt suggested over a dozen nations in total would receive the notifications, which would also be posted on Trump’s Truth Social platform. Other countries “will take the letters seriously because they have taken the president seriously,” Leavitt said, adding that the delay is “is in the best interest of the American people.”See the Story

Malaysia's Former Leader Mahathir Mohamad Turns 100 without Slowing Down

Mahathir Mohamad · Malaysia

Malaysia's Former Leader Mahathir Mohamad Turns 100 without Slowing Down

59% Left coverage: 17 sources

OCBC Group CEO Helen Wong to Step Down End-2025; Tan Teck Long Named Successor

34% Center coverage: 3 sources

Mr Tan Teck Long, OCBC's current head of global wholesale banking, will with immediate effect assume the additional role of deputy CEO to facilitate the transition process over the next six months.Steve Jobs · Singapore See the Story

Barclays Hires Sales Trader in Hong Kong After Pullback

100% Left coverage: 1 sources

Barclays Plc hired Joseph Lee from HSBC Holdings Plc as head of high-touch equity sales trading for Asia-Pacific as the UK bank ramps up staffing after exiting the business almost a decade ago.Hong Kong City · Hong Kong See the Story

Sumitomo Mitsui Trust Launches AM Unit in Singapore

The asset management arm of Tokyo-based Sumitomo Mitsui Trust has opened its first Asian office outside of Japan. Sumitomo Mitsui Trust Asset Management’s Singapore subsidiary (Sumitomo Mitsui Trust Asset Management Singapore Private Limited or SuMiTAMS) commenced operations on July 9, according to a statement. This marks the Japanese asset manager’s first office outside of Japan, with other offices in London and New York. The wholly owned subsi…Singapore, Singapore · Singapore See the Story

PGIM: Asian Gatekeepers Split on Adding or Cutting Risk

Market uncertainty is leading to increasing divergence on whether or not to add risk in investment portfolios. Amongst Asian fund selectors, there was an exact 50/50 split, according to a PGIM study. Gatekeepers at large global financial institutions in Asia (minimum of $1 billion in assets under management) were divided on the market outlook, with 37 percent looking to add risk and 37 percent looking to reduce risk in the next 12 months, accord…Hong Kong City · Hong Kong Read Article

EFG Shifts Banker to UK to Cover Global Asia Clients

Zurich-based EFG has made an appointment to a newly formed team in the UK that will focus on serving Asian clients. EFG has named Oliver Balmelli as business head Asia Pacific, UK, according to a LinkedIn post. «After 19 years in Singapore we are further developing our offering, for our Asia Pacific clients and prospects, out of London. The City is always an attractive hub for education, real estate and investments with a stable legal system,» B…London, England · London Read Article

RBC Wealth Management Names Asia COO

The wealth management unit of the Royal Bank of Canada has appointed a new regional operations chief. RBC has appointed Bee Leng Phua as chief operating officer, wealth management Asia, according to a statement, effective November 1. Based in Singapore, she reports to Rod Ireland, head of wealth management Asia and head of global markets, APAC. In the role, Phua succeeds Kamran Azim who will stay with the bank and continue to serve as head of pr…Royal Bank of Canada · Singapore Read Article

VCI Global Appoints Cybersecurity Leader

Appointment reinforces VCI Global’s commitment to building secure, high-trust AI infrastructure and unlocking long-term shareholder value. VCI Global, a diversified holding company focused on AI & robotics, fintech, cybersecurity, renewable energy and capital markets consultancy, appointed Jane Teh, as chief AI security officer (CAISO), according to a media release sent on Friday. She is recognized as one of the Top 100 Women in Cybersecurity, …Artificial Intelligence · New Zealand See the Story

Bonus Dispute: Bad News for Former Credit Suisse Executives

100% Left coverage: 1 sources

The bonuses for employees from the top three management levels of the former Credit Suisse will not be paid out for now. The Swiss Federal Supreme Court has granted the appeals by the Swiss government and UBS against a Federal Administrative Court ruling suspensive effect. At the end of March, the Federal Administrative Court (BVGer) had upheld a complaint by twelve affected individuals against the bonus cuts that the Federal Department of Finan…Credit Suisse · Switzerland See the Story

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