Singapore to usurp Switzerland as top finance hub by 2015: Study
Singapore to usurp Switzerland as top finance hub by 2015: Study (5 July, ZURICH) - Singapore will dethrone Switzerland in the next two years as the world's top centre for managing international funds, a study said on Thursday, as a global tax crackdown and tighter regulation weaken the Alpine nation's appeal to investors. Switzerland,...
Goldfingering
(5 July) - With the renowned American investor Jim Rogers on hand to complete the first transaction, a Singaporean entrepreneur called Victor Foo (both pictured below) opened on July 3rd what he claims to be the world’s first physical precious-metals exchange. The genial Mr Rogers, resident in Singapore since 2007, showed...
Chinese Malls Waive Rents as Vacancies Loom in China
A shopping mall in China (4 July) - Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies. Preferential leasing terms were reserved until recently for luxury...
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