Personal Finance

Beijing, Shanghai Overtake Hong Kong in Living Cost

Beijing and Shanghai are now Asia 's seventh and eighth most expensive places to live in, overtaking Hong Kong, according to the results of a survey released on Tuesday.

A Long, Steep Drop for Americans' Standard of Living

Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government beg...


South Korea, Singapore and Hong Kong lead world in mobile banking

Asians are more likely than people elsewhere in the world to use their mobile phones to do their banking and to shop online, according to a global survey released Monday.

European nations begin seizing private pensions

Jan Iwanik Christian Science Monitor 03.01.2011
European nations begin seizing private pensions

People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitate...


RBC Dexia wins Hong Kong pension scheme mandate

Ashleigh McIntyre Super Review 11.05.2010
RBC Dexia wins Hong Kong pension scheme mandate

RBC Dexia Trust Services Hong Kong will act as trustee and scheme administrator for the Hongkong and Shanghai Hotels Limited (HSH) pension scheme under a new mandate.

Welfare cheats take SWD for $49m

Adele Wong The Standard 19.12.2008
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The Social Welfare Department was duped into doling out a total of about HK$49 million in the 2007-08 fiscal year to reimburse applicants who falsely claimed to have lost money - as well as paying for designer glasses and bogus visits to the dentist.


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WASHINGTON (CNN) -- Americans say the sagging economy is making the 2008 holiday season more stressful than previous years, according to a CNN poll out Monday, with up to two-thirds of them reporting some belt-tightening.

Foreign helpers' minimum pay to rise

The minimum wage for foreign domestic helpers will rise $100 - from $3,480 to $3,580 per month from July 10, the Labour Department says.


Basic standard of living costs £13,400

Allegra Stratton and agencies Guardian.co.uk 02.07.2008
Basic standard of living costs £13,400

A single person living in Britain needs to earn at least £13,400 a year before tax to afford a basic but acceptable standard of living, according to a report published by the Joseph Rowntree foundation today.

Millionaire ranks see 10pc rise in numbers

Chen Liyi The Standard 27.06.2008
Millionaire ranks see 10pc rise in numbers

There are now 95,000 individuals in Hong Kong with net assets of at least US$1 million (HK$7.8 million), excluding their primary residence and cars.


A Millionaire Boom In The East

Andrew Farrell Forbes 27.06.2008
A Millionaire Boom In The East

As go the billionaires, so go the millionaires. East, that is.

Poll reveals a city sinking in debt -

Nishika Patel The Standard 17.06.2008
Poll reveals a city sinking in debt -

Crippling credit card interest rates of up to 40 percent are pushing Hong Kong people into a spiraling cycle of debt and forcing them to borrow even more, according to a survey released yesterday.


Beat the recession with tech funds

Tim Middleton MSN 27.05.2008
Beat the recession with tech funds

Consumers may cut back on spending, but they're still buying touch-screen phones and other technology. Here's why tech funds are roaring -- and how you can plug in.

Financial screw-up? 5 easy fixes

Kiplinger's Personal Finance Magazine 27.05.2008
Financial screw-up? 5 easy fixes

Forgot to pay your credit card bill? Neglected to file a tax return? Having trouble paying your student loans? You can easily remedy these and other money blunders


Sign of the times, from Tupperware Parties to Gold Parties

What seems to be going on in living rooms across America with mom’s overrun with daily chores, household duties and job expectations is a party bringing groups of curious neighbors to find out how much money is hiding in their closets, shelves and...

Woman Loses Home Over $68 Dental Bill

ALICE GOMSTYN ABC News 24.05.2008
Woman Loses Home Over $68 Dental Bill

Can you imagine losing your home over a $68 dental bill? That's what happened to one Utah woman. Sonya Capri Ramos says her Salt Lake City home was sold out from under her in 1996 to pay a collections agency seeking payment for dental work perform...


BEA card wins PBOC nod

Stephanie Tong The Standard 07.05.2008
BEA card wins PBOC nod

Bank of East Asia's (0023) China unit has won approval from the People's Bank of China to become the first foreign bank to issue debit cards in the mainland.

Mumbai is world's 7th largest billionaire city: Forbes

NEW YORK: Country's financial capital Mumbai is the worlds' seventh largest city in terms of billionaire population, says Forbes, the American business magazine famous for its annual list of richest people on the globe.


82-Year-Old Woman Sues Chase To Recover Life Savings

CAREY GREENBERG-BERGER The Consumerist 30.12.2007
82-Year-Old Woman Sues Chase To Recover Life Savings

Chase Bank is refusing to honor a cashiers check for $19.700.22, 82-year-old widow Willie Floyd's life savings. Willie stored the check, originally drawn by her late-husband in 1985, in a $10 per year safe deposit box at the local bank. When she t...