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In the decade through 2013, more than 76,000 Chinese millionaires emigrated or acquired citizenship of another country amid global expansion by the nation’s companies...
On Friday the greenback was broadly higher against its peers, as investors expected an upcoming report on U.S. nonfarm payrolls due later in the day. The euro touched new lows, as ECB's Draghi confirmed the central bank will begin purchasing euro zone government bonds on Monday...
The U.S. online retailer Amazon.com has opened a flagship store in local competitor Alibaba Group Holding’s online marketplace, in an attempt to expand in China. Amazon has thus become Alibaba’s customer, paying a commission to the latter for each transaction...
On Friday the Australian dollar edged up marginally in a slim data day with the focus ahead on nonfarm payroll data in the U.S...
On Thursday the U.S. dollar climbed against its Canadian peer, despite data indicating that U.S. jobless claims rose unexpectedly last week. The euro stays under broad selling pressure after the ECB statement...
On Thursday the British currency dropped to one-month lows against its US peer, as downbeat U.K. house price data weighed and as markets eyed the Bank of England's upcoming monetary policy statement due later in the day...
Brazil's central bank has raised interest rates to a six-year high of 12.75% to restrain inflation. The bank said in a statement: "In assessing the macroeconomic scenario and the outlook for inflation, the Copom [the bank's monetary policy committee] decided unanimously to raise the rate by 0...
Addressing the National People's Congress (NPC), Premier Li Keqiang said China would target growth of about 7% in 2015 and pledged tighter environmental controls...
On Thursday Asian stock markets were mostly lower, as China, the world's second-largest economy, lowered its economic growth forecast for 2015 to about 7%, and as markets tracked weak cues from Wall Street...