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05.05.26 - 04:24
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OCBC acquires HSBC′s retail and wealth management in Indonesia (SCMP)
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OCBC, the second-largest banking group in Southeast Asia, has agreed to acquire HSBC's retail and wealth management operation in Indonesia through its subsidiary, PT Bank OCBC NISP Tbk, according to the Singapore lender.
The acquisition would add 336,000 customers and S$6.6 billion (US$5.17 billion) in assets under management to OCBC Indonesia, comprising S$4.3 billion of customers' investments in mutual funds and bonds, as well as insurances and customer deposits of S$2.3 billion, Monday......
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04.05.26 - 11:06
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China, Indonesia launch cross-border QR payments – a boost for the global yuan? (SCMP)
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China and Indonesia have launched a new cross-border QR payment system, marking the latest step in Beijing's drive to build a regional digital payments network as it pushes to internationalise the yuan and reduce dependence on the US dollar.
Users can now use domestic mobile apps – such as China's Alipay and Indonesia's QRIS – to scan QR codes and make retail payments in either country using their home currencies.
Alicia Garcia-Herrero, chief economist for the Asia-Pacific region at French......
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18.02.26 - 15:01
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ACE HARDWARE REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS (PR Newswire)
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Record fourth quarter revenues of $2.5 billion, an increase of 9.9 percent Record full year revenues of $10.0 billion, an increase of 5.8 percent Record patronage dividend to shareholders of $361.8 million OAK BROOK, Ill., Feb. 18, 2026 /PRNewswire/ -- Ace Hardware Corporation ("Ace" or......
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21.01.26 - 15:18
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Empower Aesthetics Appoints Chidinma Asonye as President and Peter Ting as Chief Financial Officer (Business Wire)
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Asonye and Ting Join Alyssa Rapp, Chief Executive Officer, to advance Empower's same-store growth and support its existing M&A strategyCHICAGO--(BUSINESS WIRE)--Empower Aesthetics (“Empower” or “the Company”), a national medical aesthetics platform, and Shore Capital Partners portfolio company, today announced the appointments of Chidinma Asonye as President and Peter Ting as Chief Financial Officer. They join the executive team alongside CEO Alyssa Rapp.
Asonye is a seasoned executive with more than 20 years of experience growing and scaling businesses and improving operational results. Like Rapp, Asonye has served on Empower's board of directors since the Company's inception in August 2022.
Ting is a veteran CFO with multisite financial management experience at Ace Hardware and Follett Higher Education, along with significant transactional and transformation experience.
“I'm thrilled to have recruited such esteemed executives as Chidinma and Pete to the executive leadership team at Empower...
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15.01.26 - 07:18
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Avolta eröffnet neue Stores am Flughafen Kualanamu in Indonesien (Cash)
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- Avolta erweitert seine Präsenz am Kualanamu International Airport in Indonesien mit der Eröffnung neuer Stores. Mit nun fast 50 Standorten im Land, darunter 25 in Bali, stärkt das Unternehmen damit seine Position an einem wichtigen Luftverkehrsknotenpunkt und setzt die erfolgreiche Zusammenarbeit mit Angkasa Pura Aviasi fort, wie aus einem Communiqué vom Donnerstag hervorgeht....
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11.01.26 - 23:54
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Indonesia Retail Sales Data Due On Monday (AFX)
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CANBERA (dpa-AFX) - Indonesia will on Monday release November numbers for retail sales, highlighting a light day for Asia-Pacific economic activity. In October, sales were up 4.3 percent on year.A......
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14.12.25 - 06:12
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Birthing Pains For A Multipolar World (ZeroHedge)
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Birthing Pains For A Multipolar World
Authored by Adam Sharp via DailyReckoning.com,
After World War 2, the U.S. emerged as the only major power with its industrial base intact.
Europe, the USSR, and Japan were all devastated.
The Soviet Union alone had 26 million deaths due to the war. The rest of Europe had approximately another 20 million. Japan lost around 3 million.
All the major powers' infrastructure had been annihilated. Except for America.
Even before the war, the U.S. was the eminent economic power of the world. But this advantage increased significantly following WW2. After all, it was American ships, tanks, guns, and bombs that turned the tide.
B-24 bomber production line at Ford's Willow Run plant
In 1945, America produced 50% of global industrial output. With just 6% of world population.
By 1947 the bulk of military production lines had switched to civilian goods. Lines that were producing tanks switched to cars and appliances. Factories that were churning out bombers switched ...
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