Chinese tourists have overtaken Germans as the world's biggest-spending travelers after a decade of robust growth in the number of Chinese holidaying abroad, reports the United Nations World Tourism Organisation (UNWTO).
Rapid growth in box office takings from Brazil, Russia, India and China has "flipped" the film market, creating a bigger US market for foreign films, according to Imax, the Canadian cinema group. The Financial Times reports.
Rich Chinese tourists are now looking to spend their mega bucks closer home, choosing Hong Kong and Singapore over London and New York to get their luxury fix, according to an HSBC report.
The 287-room Lemon Tree Premier hotel at Delhi's Indira Gandhi International Airport features a dramatic view of planes landing and taking off, but it has no guests to see them.
China has found two more cases of a new strain of bird flu and one of the victims has died, bringing to nine the number of confirmed human infections from the previously unknown flu type.
Despite multiple rounds of curbs by the Singapore government to cool the red-hot real estate sector, investors remain unfazed with some buyers purchasing multiple homes, believing that prices will still head higher.
The Chinese economy remains wobbly and North Korea is threatening nuclear war. But for the Hong Kong stock market, the most worrisome news this week is the premiere of a new movie. The New York Times reports.
Stock indexes in the U.S. have repeatedly hit fresh highs in the first quarter of 2013 providing stiff competition to Asian equity markets, which have had a disappointing year so far, in comparison.
Cheap neighborhoods in China are being cleared as part of a "urbanization" campaign. But in an ironic twist, the clearance of these "villages within cities" removes cheap housing for the very people targeted to fuel that migration.
The world's two biggest economies are very close in the Green Race. While many assume that the U.S. will retain its lead in innovation, China is closing in very fast and could even take the lead.
South Korean carmaker Hyundai Motor hopes a touch of Hermes will make its priciest sedan as desirable as the French retailer's exclusive handbags and catapult its cachet into the same league as luxury rivals.
Indonesia is seeking investors for $9 billion worth of water, road, air and seaport projects in what will be a litmus test of Southeast Asian countries' ability to seize on ripe financial conditions to upgrade decrepit infrastructure.
The Chinese are no exception when it comes to Apple users' loyalty, and they're coming to the iPhone maker's defense following a widespread state media campaign accusing Apple of greed and arrogance. The Global Post reports.
The chairman of CITIC Securities is busy remodeling China's biggest brokerage after Goldman by expanding into asset management, trading complex derivatives instruments and nurturing overseas deals.
Singapore may be known for its rules and regulations, but the city-state is looking to transform itself into a rock and roll hub. CNBC's Deirdre-Wang Morris investigates.
In response to global outcry, the queen of bridal couture, Vera Wang, is abolishing the near $500 fee for Chinese brides-to-be to try on garments at her Shanghai bridal boutique.
Millions of migrant workers, on whose labour China's economic boom depends, are forced into a seedy and unregulated world of back ally "black clinics" if they fall ill.