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Saturday, January 28, 2012 - 06:00
red luxury
China's economic growth is poised to weaken to 8.5 percent this year from about 9.2 percent in 2011, according to the median estimate of economists in a Bloomberg News survey. In the fourth quarter of last year there appeared to be a "gradual softening in consumption" in China's luxury industry, Bain & Co. said in December.
Concerns about a China slowdown? Not Salvatore Ferragamo.
According to CEO Michele Norsa, the company plans to enter "seven or eight" new Chinese cities in the next "three to five years", including outlets scheduled to open in July in...
2012-01-28 06:30
Japan's core consumer prices fell for the third consecutive month in the year to December due to weak demand, showing mild deflation is likely to persist this year as energy prices stabilize and...
Japan has announced its first annual trade deficit in more than 30 years, a setback for a country...
2012-01-28 06:00
Bilateral trade between Thailand and India is expected to double within the next two years from USD8 billion last year as trading volume will be boosted by the implementation of a comprehensive free...
Moving ahead from its existing B2B model, Aura Herbal Textile Ltd is now foraying into B2C retail...
2012-01-28 06:00
Philippines fast-food giant Jollibee Food Corps. says it has bought a 50 percent stake in Asian food company SuperFoods Group.
Superfoods owns and operates Highlands Coffee Shops in Vietnam;...
It's meant to bring riches and power befitting an emperor, but if Western luxury brands have their...
2012-01-28 06:00
Flat-screen maker LG Display posted a sharply narrowed quarterly loss on Friday, helped by solid demand from smartphones and tablet makers and as falling TV panel prices stabilise.
Slack sales of TVs...
Apple reported record-breaking net profits for the three months to 31 December 2011 of USD13.06...
2012-01-28 06:00
Toyota Motor Corp is cutting 350 jobs at its Australian manufacturing operations due to an ongoing downturn in production levels, a rare move from the Japanese auto giant.
Toyota Australia president...
The lunar new year is the prime job-hopping season in China, offering signs for the direction of...
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