The Flashy Vault Where Deutsche Bank Will Store $9 Billion of Gold
Deutsche Bank, one of the world's largest dealers of gold, has begun storing bullion in the Singapore FreePort, a flashy facility that's part bunker, part gallery.
Singapore
How the Wisdom of Confucius Can Lead You to Financial Success
Asian Americans are the highest-income and best-educated racial group in the U.S.,and author YuKong Zhao believes he knows why: Confucian values.
World's Most Expensive Cities
$9 for a loaf of bread in Tokyo? $2,100 for a dinner bill in Paris? To see which cities are the most expensive for residents and visitors, the Economist looked at the prices -- in U.S. dollars -- of everyday items in cities worldwide.
U.S. Stock Prices Dip Ahead of Earnings Season Kickoff
U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."
Fiscal Cliff Impasse Pushes World Stock Markets Lower
Fear that congressional Republicans and President Obama will fail to steer the United States away from the fiscal cliff before a January deadline sent world stock markets lower on Wednesday. Britain's FTSE, Germany's DAX, Japan's Nikkei and France's CAC-40 all fell, and on Wall Street, both the Dow and the S&P 500 opened lower.
Will Kellogg Snap, Crackle and Pop in China, or Just Get Soggy?
Since 1927, Rice Krispies have been an American breakfast staple. Who doesn't like to hear that trademark snap, crackle and pop as the milk hits the cereal? Well, Kellogg is about to find out whether or not the Chinese do.
America's Competitiveness Ranking Falls Again, Survey Finds
The United States' ability to compete on the global stage has fallen for the fourth year running as confidence in the country's politicians continues to decline, an annual survey from the World Economic Forum revealed Wednesday.
Beer Battle Brewing: Heineken's Tiger Beer Bid Draws a Thai Rival
Heineken's $6 billion bid to take full control of Tiger Beer maker Asia Pacific Breweries, faces a challenge from a group led by Thai billionaire Charoen Sirivadhanabhakdi, which has put in a higher bid to increase its stake in APB.
Oil Hovers Around 8-Month Lows Near $80
Oil prices hovered around 8-month lows near $80 a barrel Thursday after the U.S. central bank balked at implementing vigorous stimulus measures to boost waning economic growth and U.S. crude stockpiles rose unexpectedly.
Oil Prices Hit 8-Month Low as Spain Optimism Fade
The price of oil hovered above $82 a barrel Tuesday after touching an eight-month low near $81 earlier in the session amid concern Spain's bank bailout won't be enough to stem Europe's debt crisis and suggestions OPEC could boost production targets.
Is Fleeing the Country a Smart Tax Strategy for You?
Facebook co-founder Eduardo Saverin gave up his U.S. citizenship and emigrated to Singapore immediately before Facebook's IPO. For him, it's not a bad tax move. But could it be right for you?
Should You Buy Shares in Your Favorite Sports Team?
The Super Bowl champion Green Bay Packers got the NFL's approval this week to sell more stock to the public, but even the Pack can't compete with the buzz of another anticipated "football" stock offering: Manchester United. Certainly owning shares in a team makes for great pub talk, but is it a wise investment?
For Las Vegas Sands, the House Edge Is Global Reach
Las Vegas Sands benefits from being more geographically diversified than its major competitors. With a casino resort presence that spans the U.S., Macau and Singapore, LVS is a strong player that can ride out local downturns, and one stock analysis firm thinks its stock is undervalued by 10% to 15%.
Cash In on Asian Gambling With Shares of Las Vegas Sands
Singapore is expected to overtake South Korea and Australia this year to become the second-largest Asia-Pacific casino market behind reigning leader Macau. For U.S. investors looking to profit, Las Vegas Sands looks nicely positioned.
Where Are Jobs Going Now? Peru, Bulgaria, Bangladesh. . .
The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner's list of the top 30 countries for outsourcing. Here's where IT and business-processing jobs are heading.
Bill for Damage to Quantas's Airbus A380: At Least $70 Million
The Qantas Airbus A380 engine explosion earlier this month caused at least $70 million worth of damage to the plane, according to a new report from insurance-consulting company Aon. And the bill from the incident, which caused no injuries, could fly much higher.
Half of Airbus Superjumbo Engines May Need to Be Replaced
Half of the Rolls-Royce engines that power the A380 Airbus superjumbo jets may need to be replaced, according to the Qantas CEO. One of the engines caught fire and caused the emergency landing of a Qantas flight earlier this month.
Obama's Agenda in Asia: Create More Jobs at Home
Traveling with an entourage of 200 American business executives, President Obama's trip to Asia has, to a large extent, become an effort to create jobs in the U.S. But reaching new agreements won't be easy -- at home or abroad.
Should Qantas Dump Airbus 380s for Boeing 747s?
Qantas has a lot riding on its reputation for safety, which only raises the stakes for the airline after the engine explosion on one of its Airbus A380s Thursday. It temporarily grounded its six A380s, but the airline needs a long term solution. Is that old workhorse the Boeing 747 the answer?
Government Investigating HSBC Clients for Tax Evasion
At least one client received a letter from the Justice Department saying the department had reason to believe the person held accounts overseas without reporting them to the IRS. The letter did not mention HSBC.
The Top 10 Countries for Millionaires
Global wealth made a remarkable comeback in 2009, but you might be surprised by the countries that have the largest percentage of millionaire households.
Why Singapore Is a Millionaire Magnet
Singapore has the greatest proportion of millionaire households in the world, but why? Credit a better quality of life, a growing economy, family friendly businesses and so much more.
Abu Dhabi Wants Out of Its Deal to Buy Citigroup Stock
When the Abu Dhabi Investment Authority struck a deal with Citigroup in 2007 to buy $7.5 billion in equity shares in exchange for an 11 percent dividend, it agreed to convert those shares into common stock later. Now, with Citi's stock below $4, the $30-plus per share Abu Dhabi agreed to pay is looking like a really bad bargain.
