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issaechl f09

Market for Luxury Goods Shifts Further to the East - NYTimes.com - 0 views

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    This article is about market for high-end and luxury goods in Asia. With an increase in income and spending power, there has been an increase in the demand for luxury goods.The article also highlights the movement of these luxury markets from NY and Geneva as a result of the economic crisis. Income has decreased in these places, therefore demand for luxury items has decreased.
matteaechl f09

Australia seeks investment limits - 0 views

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    Australia wants to limit foreign stakes in big mining companies. These limits are aimed mostly at China, after several political and business arguments. These limits are a form of price control, as the Australian government is intervening in the market.
matteaechl f09

U.S. and South Korea Fail to Agree on Trade - 0 views

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    This article is about the attempt to agree on a free trade pact between the US and South Korea. The economies of both countries are hurt by protectionist measures, as they restrict the amount of exports.
matteaechl f09

Hu Jintao in Washington - 0 views

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    This article is about the recent meeting between US President Obama and Chinese President Hu Jintao. One of the topics of discussion was the Chinese currency. America believes that the yuan is devalued to give China an advantage in trade.
saraechl f09

Pakistan could be top of UK foreign aid list - 0 views

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    Pakistan could become the UK's biggest aid recipient by 2015.
saraechl f09

India court alarm over 'theft of national money' - 0 views

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    India's Supreme Court has said that the practice of illegal funnelling of wealth overseas by Indians is a "pure and simple theft of national money".
masayaechl f09

Asia Sentinel - Japan Dresses Down - 0 views

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    Japanese woman were one the of "the world's biggest spender on luxury product" and they would happily part with a month's rent or even salary for designers handbangs, scarfs, clothes, and shoes. However, the economic downtown caused by the worldwide crisis has brought wages into a 15 months fall and unemployment rate to exceed 5%. Luxury brands are goods that are heavily effected by the overall health of the economy and the wages of the consumers
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