The rise in the euro against the dollar since the summer makes German or French exporters 8 percent less competitive than they had been against U.S.-based competitors. They are already groaning under tougher competition from Japan; … But because they …

By contrast with this, the NDP suggests that, while exchange-rate devaluations have induced growth spurts in some countries, this can happen only when labour and product markets are sufficiently competitive to allow firms to respond rapidly to changed …

"Devaluation reduces competitive pressure and what we may well see in Japan is that investors will lose more on the currency in the long term than they ever gain on the sharemarket." On the outlook for China, he said Citi "had never been super bullish …

Special items — including a Venezuela currency devaluation of $162 million, goodwill impairment charges of $48 million and other charges –knocked overall Q3 earnings to 45 cents per share, and net income down 53% from a year earlier to $700 million …

The stock is now a shadow of itself and the Brazilian (former billionaire) owner, Eike Batista, owes the loss of his super-one-percenter status to that one firm. OGX shares have fallen from a high of R$23 in Oct. 2010 to R$0.21 on Tuesday. Batista's …

About 150 wealthy Californians, including billionaire investor Charles Schwab, put up $29 million to defeat the California tax on the rich and to pass the antilabor act, but they didn't want it known they were behind it. So the money went to Americans …

"We have to move up towards the mass affluent, and even higher towards the premium consumer – the hundred billionaires in China, the million millionaires in China," Mr Thomas said. "This is where we can make some proper margins, where they are willing …

Looking through Forbes' magazine's latest China's 100 Richest List reveals some interesting facts. Top comes Wang Jianlin, 59, worth US$14.1 billion (HK$109b), listed as having made his dosh from real estate, married and living in Beijing with one child.

Luxury property developer Pontiac Land has turned its sights on the high–end property market in the United States, with an investment in a swanky condominium project next to the iconic Museum of Modern Art (MoMA) in midtown Manhattan. — PHOTO: PONTIAC …