The number of millionaires in Hong Kong has hit an all-time high, with those owning at least HKD1 million (USD128,391) worth of assets almost doubling since 2009.
Last year, an extra 164,000 new milli…
The number of millionaires in Hong Kong has hit an all-time high, with those owning at least HKD1 million (USD128,391) worth of assets almost doubling since 2009.
Last year, an extra 164,000 new milli…
While major retailers on 7 March observed a one-day strike to protest against the 10 percent excise duty on readymade garments proposed in the Union Budget, major regional retailers did not participat…
The vice chairman of the National People’s Congress (NPC) Standing Committee has poured cold water on the idea that provinces will be able to double their GDPs within the next five years.
Chen C…
Proposals in India’s Budget allowing foreign individuals to invest in mutual funds and halve the tax on dividends from overseas arms of Indian companies may provide a window for undeclared incom…
Japan’s economy contracted more quickly than first forecast in the final three months of 2010, hurt by weaker consumption and business investment, government figures showed.
The Cabinet Office s…
China posted its largest trade deficit in seven years in February as the Lunar New Year holiday dealt a sharper blow to export activity than expected, while import growth also disappointed on the down…
In the five years to June 2010, average Australian department store sales increased by 17 percent, while earnings grew by 133 percent, raising the question whether the stores have made out like bandit…
Japan’s first trade deficit in two years weighed on its current account surplus, which fell 47.6 percent from the year before in January, the Ministry of Finance said on Tuesday.
But the decline…
Retail sales in Australia were stronger than expected in January but economists said the data wasn’t as firm as it first appeared with discretionary spending at its weakest level in two years.
R…
China plans to shrink its trade surplus further this year but is looking for ways other than rapid yuan appreciation to ease tensions with global trading partners, said the nation’s commerce min…