asia

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.

European Stocks Recover

Citigroup analysts predict the market may correct by 20% due to the fear of a collapse of the euro and contagion from Greece's bailout. The call may be premature.

McDonald's to Close Hundreds of Outlets in Japan

McDonald's is closing 430 restaurants in Japan, the latest sign of the faltering economy in the Asian country. The world's largest restaurant chain plans to take a charge of $40 million to $50 million in the first half of the year. McDonald's Holdings Co. (Japan) has 3,700 stores.

China Topples U.S. as No. 1 Auto Market

It took a massive recession to make it happen, but China eclipsed the U.S. in auto sales last year. Buoyed by government stimulus, Chinese consumers snatched up 10.3 million cars, while total vehicle sales reached 13.6 million. By contrast, in the U.S., which was the world's largest auto market for decades, sales were just 10.4 million cars and trucks, and 2009 will go down as the slowest sales year since 1982.

Asian markets tumble

Asian markets tumbled Monday despite recent news that two of the region's biggest economies, Hong Kong and Japan, have emerged from recession. The...

Tourist spending plunges in the US

International visits to the United States fell 12 percent in May 2009 from the year before. Those still flying over spent a lot less – only...