Business & Economy

Aston Martin may list shares in Hong Kong

Graham Ruddick Telegraph 07.07.2011
Aston Martin may list shares in Hong Kong

Luxury sports car manufacturer Aston Martin's management are considering a stock market flotation which could take place in Asia rather than London.

Landmark US-Mexico trucking agreement resolves 15-year conflict

Howard LaFranchi Christian Science Monitor 07.07.2011
Landmark US-Mexico trucking agreement resolves 15-year conflict

The United States and Mexico on Wednesday signed an agreement aimed at resolving a cross-border trucking dispute. The longstanding disagreement had come to symbolize growing resistance, especially in the US Congress, to free-trade provisions with ...


Lagarde to give China senior IMF job: sources

Lesley Wroughton Reuters 07.07.2011
Lagarde to give China senior IMF job: sources

China is close to clinching a top-level post at the International Monetary Fund, IMF sources said on Wednesday after the Fund's new chief pledged to give more power to emerging economies.

Hong Kong, Taiwan reach deal on official representative offices

Karen Chu Monsters and Critics.com 05.07.2011
Hong Kong, Taiwan reach deal on official representative offices

Hong Kong was to open its first official representation in Taiwan following eight months of talks, a news report said Tuesday.


Job cuts at major banks intensify: IFR

Gareth Gore Reuters 05.07.2011
Job cuts at major banks intensify: IFR

Hundreds of bankers will lose their jobs over coming weeks, victims of what senior bosses say is likely to be an industry-wide culling of staff in response to a sharp downturn in demand for trading and investment banking services.

Sony ranks as Asia's top brand, says Campaign magazine

Sony has been ranked top in a survey of Asia's most valuable brands by the marketing magazine Campaign.


First female IMF chief receives praise from former hometown of Chicago

French Finance Minister Christine Lagarde made history Tuesday by becoming the first female managing director of the International Monetary Fund (IMF), and her appointment received wide praise in Chicago, where she once served as chairman of one o...

California taxes internet sales; Amazon ends deal with 25,000 CA websites

Gov. Jerry Brown has signed into law California's tax on Internet sales through affiliate advertising which will immediately cut small-business website revenue 20% to 30%, experts say.


News Corp. on verge of Myspace sale: WSJ

Loic Venance Yahoo! News 29.06.2011
News Corp. on verge of Myspace sale: WSJ

News Corp. is on the verge of selling Myspace and a deal could include laying off more than half of the troubled social network's staff, The Wall Street Journal reported Tuesday.

IMF could pick Lagarde as chief as soon as Tuesday

Christopher S. Rugaber Yahoo! Finance 28.06.2011
IMF could pick Lagarde as chief as soon as Tuesday

French Finance Minister Christine Lagarde is expected to be chosen as early as Tuesday to be the new leader of the International Monetary Fund.


US dollar seen losing global reserve status

Jack Farchy Financial Times 28.06.2011
US dollar seen losing global reserve status

The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.

Muslim woman sues Abercrombie & Fitch over hijab

JASON DEAREN Yahoo! News 28.06.2011
Muslim woman sues Abercrombie & Fitch over hijab

A former stockroom worker for Abercrombie & Fitch Co. sued the clothing retailer in federal court Monday, saying she was illegally fired after refusing to remove her Muslim headscarf while on the job.


Euro Exit Plan is ‘Probably Inevitable’: Soros

Zoe Schneeweiss Bloomberg.com 27.06.2011
Euro Exit Plan is ‘Probably Inevitable’: Soros

Billionaire investor George Soros said it’s “probably inevitable” that a mechanism will be put in place to allow weaker economies to exit the euro.

China blurs A380 order, backs 747 amid EU row

China downgraded the announcement of an Airbus superjumbo order and signed up for the Boeing 747-8 as deals worth $9 billion coincided with a row over European emissions trading rules, industry sources said.


Luxury Brands Follow the Money to Asia

The New York Times 25.06.2011
Luxury Brands Follow the Money to Asia

Shoppers like Chen Zhuhang and Lin Xing are the reason that Prada, Samsonite and L’Occitane have chosen to stage stock market listings in Hong Kong. Neither of the two men professed much interest in investing in the Italian luxury fashion house Pr...

Asia’s Millionaires Outnumber Europe’s

Jason Chow The Wall Street Journal 24.06.2011
Asia’s Millionaires Outnumber Europe’s

Asia’s growing millionaire class is rising through the global ranks, with Hong Kong’s new wealthy leading the way. Asia boasted 3.3 million high net-worth individuals last year according to the World Wealth Report 2011, released Thursday by Merril...


Twitter plans bolder advertisements

Tim Bradshaw Financial Times 24.06.2011
Twitter plans bolder advertisements

Twitter is looking at introducing advertisements among the short messages that users see in the most active part of the social networking service, according to people with direct knowledge of its plans.

Luxury-Hotel Manager Rosewood to Be Bought by Hong Kong Hotelier

New World Hospitality, a unit of New World China Land Ltd. (917), agreed to buy luxury hotelier Rosewood Hotels & Resorts for $229.5 million from Rosewood Corp. and Maritz, Wolff & Co.


Moody's threat to downgrade Italian debt raises eurozone contagion fears

Moody's has threatened to cut Italy's credit ratings on concerns over a possible rise in eurozone interest rates may derail the country's fragile economic recovery, raising more fears of contagion from the Greek debt crisis.

Hopes for 'Greek miracle' as Merkel changes position

CAROLINE MADDEN The Irish Times 18.06.2011
Hopes for 'Greek miracle' as Merkel changes position

HOPES OF a “Greek miracle” calmed investor nerves yesterday, and lifted the Irish index in line with its Continental counterparts. Markets opened down, but they steadied after German chancellor Angela Merkel retreated from demands that bondholders...



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