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Chinese Alcoholic Drinking Pattern May Change
Background
The biggest distiller in the world Johnnie Walker is all set to take the Chinese drinkers by storm.
It will try to......
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Why do Gold and Silver Continue to Shine?
Some things continue to shine despite the drop in dollar price. Gold and silver, the two heavily traded and most reliable commodities rose by an impressive 5% in response to the dip in dollar......
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Sale Of Hong Kong Land Exceeds Expectations
Background
Three residential sites were auctioned by the Hong Kong government at a value well over the predicted rates, reinforcing the belief that the curbs on property have not had......
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Petronas Invests In New Petrochemical Complex
Background
Petroliam Nasional Bhd, or Petronas as it is better known, the national oil and gas company of Malaysia is all set to invest in a crude oil refinery which will be capable of......
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HSBC Plans Huge Savings With Downscaling
Background
Europe’s biggest bank, Hong Kong and Shanghai Banking Corp. (HSBC) plans to save up to $3.5 billion by reducing the scale of its retail and wealth......
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Americas Debt Crisis - Time Is Running Out
Background
According to recent estimates, the US could face a severe fiscal crisis within a few years if the tax revenue levels and expenditure continues in the same......
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Oil Bounces 1 Percent On Rich Demand From Asia
On Thursday, oil bounced by more than $1 as investors concentrated on heavy demand growth in Asia later selloff of 4 percent on the previous day sparked off a surprise rise in U.S. gasoline......
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Galleon Head Rajaratnam Detected Guilty Of Insider Trading
US circumvented fund billionaire Raj Rajaratnam is found to be guilty for millions of dollars of insider trading. Defence lawyer John Dowd stated that Rajaratnam will appeal for judgment of......
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Cisco Reshuffles Management Lineup
Background
David Yen from Juniper Networks Inc. has been named as the new head of Cisco’s server unit at San Jose, California. Yen will be replacing Mario Mazzola, Prem Jain and......
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Asian Stocks Pick Up Momentum
Background
For a third day in a row, there was a rise in Asian stocks and there was a gain in the South Korean won, the maximum over a period of three months, giving an indication......
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