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Australian dollar rises

Australian dollar rises

The Australian dollar has risen Thursday, buying 67.59 US cents from 67.11 US cents on Wednesday. Yesterday, the local currency hit a 10-year low of 66.77 US cents after New Zealand’s central bank cut the country’s cash rate by a larger than expected 50 basis points. The Aussie was trading as high as 67.83 US cents on Wednesday morning but […]

Ecco is heading back to the Philippines

Ecco is heading back to the Philippines

Danish footwear brand Ecco is returning to the Philippines through a shop-in-shop concept at SM malls. The brand has launched spaces at SM Store Makati, SM Store Mall of Asia, and SM Megamall’s third floor Bridgeway Building. The openings are part of the label’s strategy to continue its expansion in the territory as more shop-in-shop formats and eventually, concept stores […]

Retail sales in Indonesia decline

Retail sales in Indonesia decline

Retail sales in Indonesia declined 1.8 percent in June, compared with an annual growth rate of 7.7 percent a month earlier, a central bank survey showed on Thursday. The last decline from a year earlier was in January last year when retail sales also dropped 1.8 percent. The survey predicted retail sales would rise 2.3 percent on an annual basis […]

Victoria’s Secret controversial marketing chief stops

Victoria’s Secret controversial marketing chief stops

Longtime Victoria’s Secret chief marketing officer Edward Razek will resign following months of negative PR centered on his comments about plus-size and transgender models in a Vogue interview. Edward Razek, who has personally selected the lingerie brand’s models for more than 15 years, said in the interview that such models had no place at Victoria’s Secret’s fashion shows, a remark […]

Standard Chartered Banks on Chinese Fintechs

Standard Chartered has launched a Shanghai-based innovation lab to tap China’s tech market and improve its own capabilities. The eXellerator innovation lab in China alongside others in Singapore Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on innovation and fintech. With the launch of the eXellerator, Standard […]