The emerging new rich in China are buying the world with their enormous appetite and money, but the report shows pressure for maintaining a luxury lifestyle is becoming stronger. Based on a study of 11 cities in Asia, the Julius Baer said Shanghai is …

London, a former partner at accounting firm KPMG, pleaded guilty on Monday July 1,2013 in Los Angeles to a securities fraud charge for providing insider information to a friend who plied him in return with cash bribes, a Rolex watch and other luxury items.

The report noted that the cost of a tertiary education, especially at prestigious institutions, is rising faster than any other luxury item. However, it said, rich Chinese parents are most willing to spend on it. "Chinese parents care about the next …

Yes, Deneve has worked managing a string of luxury fashion brands since 1997, but he is also an Apple alumnus: From 1990 to 1997 he held a series of marketing and sales jobs in Apple's European operations. "Marketing luxury goods, after all, is what …

The very definition of luxury was used to describe goods that were rare, produced in small quantities and made by methods that had been honed and perfected over time. Think of Vacheron Constantin, the world's oldest watch manufacturer – they have been …

It said the cost of many luxury goods and services in Shanghai was above average for Asia, driven partly by taxes of up to 30 percent. This was encouraging the city's wealthy to shop in Hong Kong and Europe among other places instead of at home, the …

Like so many tech lifestyle shoots, it's big, it's expensive, and the gadgets themselves are wielded by glossy, healthy-looking people with perfectly-coiffed hair as they frolic in the sun. Of course, lifestyle photography exists because not every …

This change reflects our bearish outlook for global metallurgical markets next year, our expectations for hryvnia devaluation, and expectations of a retrenchment in government spending. We have adjusted our expectations for Ukraine's fiscal deficit in …

Internal devaluation involves squeezing costs, wages and asset prices at home, in place of devaluing a currency (which Portugal can't do, as it's part of the euro). The point is the population, rather than the currency, has to pick up all the slack …