China’s twice a decade political shebang kicked off in Beijing yesterday with pledges and promises aplenty as the ruling Communist Party took stock of five years of extraordinary growth for the country.
A vast array of issues were touched upon by Chinese President Hu Jintao, including financial services …
Cities worldwide have long jostled for top tier position when it comes to seeking major ‘financial centre’ status.
The rise of Asia as an economic power is presenting increasing challenges for traditional financial hubs around the world, including Hong Kong.
In Britain, London has been the economic driver …
Chinese consumers spent an estimated $50 billion last week during the nation’s third and final ‘Golden Week’ holiday of 2007.
If the China Ministry of Commerce figures are accurate, this amounts to every one of its 1.3 billion citizens spending US$4 each – a seemingly modest amount over …
The downside of being rich, super rich or even ‘uber’ rich (if there is one) is that somewhere in the world your assets and investments are likely to attract the attention of tax authorities.
In the UK, as in many other countries, the global banking system is being …
The practice of holding wealth or savings as cash, from an economic point of view, is full of paradoxes and puzzles.
The paradox of thrift is one, where it is postulated the more that is held in savings, the worse it is for the economy, as it means …
Australians have given Federal Opposition Treasurer Wayne Swan the seal of approval a week after snubbing incumbent Peter Costello.
The dominant view in all states and territories, bar Western Australia, is that Swan would be highly effective as the nation’s Treasurer, according to a CoreData minipoll of more …
