But for Australia to capitalise on the boom, it should look to service the premium end of the market, according to National Australia Bank. The bank said the rise in Chinese demand for wine was due to the country's increasingly affluent middle class.

The da Vinci was used for nearly 400,000 minimally invasive surgeries in the United States last year, and costs $1.45 million per unit and over $100,000 more in annual service costs. MAKO's RIO Robotic Arm, by comparison, costs nearly $1 million …

Irate Metro-North passengers vented online, and the head of a commuter advisory group complained that rail service was disrupted frequently over the summer for needed track work in New York. … the congressmen and our two senators; they're now …

Chinese luxury spending has been hit by a government crackdown on gift-giving and conspicuous spending, affecting luxury goods, including upmarket watchmakers and designer handbag brands. Greater China, including Hong Kong, makes up 21 percent …

“The price of luxury vehicles is significantly higher than the price of mass market vehicles, and customers expect luxury brands to provide a truly differentiated experience to enhance the value of ownership of these vehicles,” said Mohit Arora …

Francesco Russo has designed sexy shoes for European luxury brands for the past two decades. As he prepares to launch his eponymous shoe label, he's learning how life can be for a designer to cut loose from the comfort of luxury giants. Mr. Russo joins …

Y.CO announces its new single letter web address – y.co – today, as the 2013 Monaco Yacht Show gets underway. The purchase of y.co from .CO Internet S.A.S sees the superyacht brokerage and management company become the first luxury brand to …

But luxury watchmakers, whose time pieces sell for anything from 3,000 to 50,000 Swiss francs ($3,500 to $55,000) and often much more, are lukewarm about launching crossover products which could dilute their brand appeal. "I'm not discounting it," said …

Customers are taking to the new KIA models and have responded to the increased profile of our luxury segment, which includes the Kia Quoris and Cadenza sedan that were launched in the UAE recently," he added. The annual 'KIA on Tour' Road Show …