The Reserve Bank of Australia (RBA) on Wednesday warned of risks associated with the booming property market, adding that it may take measures to tighten bank lending to cool the sector.» Read More
Hong Kong may be synonymous with designer boutiques and luxury retail outlets, with names such as Louis Vuitton and Prada crowding the city, but local consumers appear to be far less image conscious, if their favorite brands are any indication.
There appears to be a perception in markets that once this week’s key political events in the U.S. and China are over, uncertainty will be lifted and investors can get back to the ‘risk on’ trading environment that has prevailed in recent months. Don’t bet on it, strategists say.
Five years ago, Xi Jinping, the man expected to shortly become one of the two most powerful men in China, was having dinner with the U.S. ambassador to Beijing, when he brought up his love of Hollywood movies. In particular, he expressed a great admiration of Steven Spielberg’s World War II epic “Saving Private Ryan.”
Here is a run-down of the main figures in China's Communist Party as the country names the "Fifth Generation" of leaders to the helm of the world’s second largest economy.
Political events this week in the world’s two biggest economies may have had investors sitting on the sidelines, but strategists say it's not time to be overly cautious, rather, investors should resume some risk and buy equities.
Prudential’s acquisition of Thailand's Thanachart Life Assurance, a subsidiary of Thanachart Bank, marks a crucial step in the British insurer’s expansion in Southeast Asia -- a region Group Chief Executive Tidjane Thiam refers to as the company’s “sweet spot”.
Motorists fumed in long lines at gas stations around the New York area and screamed at each other Friday as fuel shortages hindered the region's efforts to recover from Super Storm Sandy. But in a move toward normalcy, Atlantic City's casinos were allowed to reopen.
While investment strategists in the U.S. view a Republican victory as positive for the stock market given their presidential candidate Mitt Romney’s pro-business policies, market players in Asia believe a win for the former Massachusetts Governor would in fact be negative for equities on their side of the world.
From India and Indonesia to Brazil, the cost of an iPhone is often double or triple, the price in developed countries, due mostly to a lack of availability and subsidies from mobile network operators.
The recent slew of manufacturing data suggest Asian economies are on the path to recovery after a year of slowing growth, but economists warn it might be too early for celebration.
The U.S. jobs market is in focus with monthly payrolls data out later Friday and the one thing that could provide a big boost to job creation - that has stayed weak in recent months - is a signal that the “fiscal cliff” will be avoided, economists told CNBC.
Kevin Gibson, CIO, Japanese Equities, Eastspring Investments says Japanese equities' valuations are priced at rock bottom, making It a compelling investment case.
Why is Alan Mulally publicly proclaiming he will stay at Ford through at least 2014 when he has never set a deadline in the past?
As China’s economy slows, shoppers are slowly overcoming the stigma of wearing“pre-owned” luxury goods.
History is repeating itself in the global consumer electronics space, with newer players threatening the dominance of older established brands - that is Japanese electronics makers.
Robert Prior-Wandesforde, Director, Asia Economics, Credit Suisse says that China is headed for a soft landing. investors should expect that 7% -8% growth as the new normal.
General Motors took another big step in its ongoing efforts to reduce the company’s massive pension obligation.
As focus turns to the cost of the damage wrecked by Sandy, one of the biggest storms to hit the U.S., experts say the economy is set for a significant boost from the spending that will result from the need to rebuild homes and infrastructure.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at positive earnings reports from European airlines and oil and gas firms.
Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said.
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While the restructuring has been a success, the challenge of transforming Esprit has only just begun, says Nicholas Studholme-Wilson, Vice President and Senior Research Analyst at Sun Hung Kai Financial.
Helped by its restructuring plans, Esprit returned to profitability in the latest fiscal year. Executive Director & Group CEO Jose Manuel Martínez Gutiérrez tells CNBC how the firm plans to sustain the results.
Citizens Financial's IPO has been priced at $21.50 per share, making it the second biggest in the U.S. this year after Alibaba. Marty Mosby, Director of Bank & Equity Strategies at Vining Sparks, discusses.