Search result for Retail
The Nikkei rises as retail stocks soar on the back of a tourism boom and tech companies recover in Japan.
Gains in the retail sector due to an influx of foreign tourists and a reversal in the fortunes of the semiconductor industry helped the Nikkei share average in Japan recover some of the ground it had lost the day before. After opening in the red, the Nikkei gained 0.18 percent to close at 28,657....
New Oil Retail Prices for August in the UAE
In adherence to the policy set in 2015 of deregulating prices to get in sync with global rates, the new retail prices for August will be announced by the UAE.
The price of Fuel has risen consecutively in the previous two months due to an increase in the global oil prices. Since the star...
JP Morgan launches digital retail bank, Chase takes over British rivals
Highlights
- JP Morgan launching its long-awaited digital retail bank, Chase
- This venture will expand in other continents and later on globally
JP Morgan is challenging its British rival. The U.S lender is hoping for global expansion.
Th...
CITIBANK KOREA POSTPONES EXIT PLAN AGAIN
HIGHLIGHTS
- Citibank Korea has postponed its decision on exit plan for the second time.
- Citibank was earlier planning to stop its retail business operations in South Korea.
- Citibank apparently failed to agree on sales terms with potential bu...
CHINA’S RETAIL SALES INCREASE BY 29.6 PERCENT IN Q1 2021
Highlights –
- China’s retail sales increase by 29.6 percent in Q1 2021.
- Retail sales in April alone surged 17.7 percent year on year.
- Consumption in urban areas in April stood at about 2.89 trillion yuan.
- Online retail...
YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS
HIGHLIGHTS
- Yes Bank is interested in buying retail assets of Citibank India.
- The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
- Citibank India also had a presence in the distributi...
S. KOREA’S INDUSTRIAL OUTPUT GREW 0.8% IN MARCH
Highlights –
- S. Korea’s industrial output grew 0.8% in March.
- Output in the mining, manufacturing, gas, and electricity industries declined 0.8 percent in March.
- In the reporting month service production gained 1.2 percent on-mo...
ADA AVAILABLE FOR RETAIL TRADERS ON COINBASE
Highlights:
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ADA, recently listed on Coinbase is now available for retail traders
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The currency is up 3%
Coinbase has not listed Cardano’s ADA until recently. However with Coinbase pro has listing ADA on its platform, it...
CHINA SEES AN INCREASE IN INDUSTRIAL OUTPUT IN JAN-FEB 2021
Highlights –
- China sees an increase in industrial output in Jan-Feb 2021.
- In the first two months, the industrial output rose by 35.1%.
- Retail sales in January-February rose 33.8%.
- Export growth hit a record pace in Fe...
ADITYA BIRLA FASHION & RETAIL FORMS STRATEGIC PARTNERSHIP WITH TARUN TAHILIANI
HIGHLIGHTS
- ABFRL has forged a strategic partnership with Tarun Tahiliani.
- The new brand aims to build a Rs 500 ten-million business in the next 5 years.
- Plan is to open more than 250 stores across India.
Aditya Birla Fashi...
S. KOREA’S RETAIL SALES ROSE BY 6 PERCENT IN JANUARY
Highlights –
- S. Korea’s retail sales rose by 6 percent in January.
- Due to the pandemic more consumers purchased daily necessities from online stores.
- In January, combined sales of 26 major offline and online retailers reached 12...
THAI SEC: LOOKING AT PARAMETERS OF RETAIL INVESTORS BEFORE LETTING THEM INVEST
Highlights:
• Thai SEC wants to protect its retail investors
• It wants to fix up qualifying parameters for the retail investors
Securities and Excha...
HONG KONG RETAIL INVESTORS BANNED FROM CRYPTO INVESTMENTS
Highlights:
- Hong Kong retail investors will no longer be able to invest in crypto
- This move is to strengthen the country’s anti-money laundering policy
Cryptocurrencies and crypto assets have earned a bad name for themselves due to peopl...
ADITYA BIRLA FASHION BUYS STAKES AT SABYASACHI
HIGHLIGHTS
- Sabyasachi has sold 51% stake to Aditya Birla Fashion Ltd.
- Sabyasachi brand was founded by Sabyasachi Mukherjee.
Although not the reigning brand in Indian fashion, Sabyasachi, is certainly one of the most influential label...
FLIPKART PARTNERS WITH 5000 RETAIL OUTLETS IN INDIA
HIGHLIGHTS
- Flipkart is forged partnership with 5000 retail outlets in India.
- Flipkart has launched Super Coin Pay.
Flipkart has launched SuperCoin Pay that can be used by its customers across thousands of retail stores across the cou...
CCI APPROVES FLIPKART-ADITYA BIRLA FASHION DEAL
HIGHLIGHTS
- CCI has approved Flipkart-Aditya Birla Fashion Deal.
- Traders urged to commerce minister Piyush Goyal to prevent this deal.
- Traders alleged that Flipkart could not indulge in brand retailing through equity.
- DPIIT had al...
SHINSEGAE GROUP ANNOUNCES ACQUISITION OF A PRO-BASEBALL CLUB OWNED BY SK GROUP
Highlights –
- Shinsegae Group announced acquisition of a pro-baseball club owned by SK Group.
- E-Mart Inc. will buy the SK Wyverns of the KBO from SK Telecom Co.
- E-Mart is expected to officially sign the main contract on Feb. 23 ...
AUSTRALIAN GOVERNMENT ACCEPTED SUPER RETAIL GROUP'S RETURN OF JOBKEEPER MONEY
HIGHLIGHTS
- Josh Frydenberg, the federal treasurer has invited Super Retail Group's choice to deliberately return $1.7m of pay endowments to the Australian government, while Labor has called for other bouncing back retailers to take similar steps
SOUTH KOREA’S RETAIL SALES IN NOVEMBER PEAKED TO 6.3 PERCENT
Highlights –
- South Korea’s retail sales in November peaked at 6.3 percent.
- The combined of 26 major offline and online retailers reached 12.41 trillion won in November.
- Online platforms saw their sales jump 17 percent over the p...
RETAIL INVESTORS’ HEADLONG RUSH FOR SAMSUNG ELECTRONICS’ SURGING SHARES
- South Korean retail speculators last week infused over 1.2 trillion won ($1.1 billion) to buy Samsung Electronics shares that scaled the 70,000 won mark for the first time earlier this month, data showed Monday.
- During the five trading sessions, small domestic investors made aw...