Bloomberg Citigroup Inc hired two investment bankers from HSBC Holdings Plc in Asia, continuing a buildup to strengthen its Chinese real estate advisory business. The New York-based bank hired Kara Wang as managing director and co-head of real estate investment banking for Asia, according to an internal memo that was confirmed by James Griffiths, a Hong Kong-based spokesman. Dayday Zhou, ...

Bloomberg Thailand said its latest round of stimulus will spur more than 100 billion baht ($3.3 billion) of spending, as it steps up efforts to fight an economic slowdown caused by baht strength and the US-China trade war. “The measures are to help sustain the economy amid global uncertainty,” finance minister Uttama Savanayana said in a briefing in Bangkok, adding ...

Bloomberg The venture capital arm of PT Bank Mandiri thinks electronic payment platforms will only ever be profitable by serving as gateways to more lucrative services. Otherwise, they’re “just a cash-burning exercise,” said Eddi Danusaputro, chief executive officer of PT Mandiri Capital Indonesia. The race for customers in Indonesia is so intensive that e-payment providers have been willing to offer ...