Indian millionaires are show-offs, says report
(13 Jun) - According to the survey, the social motivation is particularly strong in emerging markets like India. Respondents from India said that 75% of their treasure is collected, in part, because they like to show it to people, while the figure for China is 52%. By contrast the figures for UK, Ireland, Switzerland and...
Singapore says did not import Iran crude last month
(Reuters, 12 Jun) - Singapore said on Tuesday it did not import any Iranian crude oil last month and that it was in talks with the United States about getting an exemption from new sanctions that Washington is threatening to impose on countries that trade Iranian oil. Singapore is not a big consumer of oil but is a major blender...
Share price of GIC-backed PRC sportswear Li Ning Co drops to 6.5 year low
(11 Jun) - Private equity-backed Chinese sportswear brand Li Ning Co Ltd (2331.HK) warned of a "substantial decline" in profit for 2012 due to weaker sales and higher marketing costs, knocking its shares to a 6.5 year low. The warning is the latest blow for China's domestic retail brands, which are facing challenges including...
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