Rising wealth in China fails to buy more happiness

Despite record economic growth over the past two decades – resulting in more than fourfold increase in income and spending – Chinese people overall have become less satisfied with life, according to the study published in the Proceedings of th


Few women make it to the top despite Asia's wealth

Yet few women in Asia make it to the top. Social norms undervalue girls and women, with sex-selection abortions resulting in some 1.3 million girls per year not being born in China and India alone.


Western Australia Goes Sovereign

That hardly seems like a world-beating target given the 20-year time frame, and would put the fund truly in the minnows pool compared with its peers.


Weak A$ Dollar To Attract Wealthy Asians -HSBC Exec

The Australian dollar this week fell below parity against the greenback for the first time in five months, prompting a slew of global investment houses to lower their outlook for the currency.


Bank Of Montreal Looks To Singapore For Wealth Operations

The number of centa-millionaires - those with at least $100 million to invest - is expected to increase by 67% over the next four years in Singapore, according to The Wealth Report 2012 by Knight Frank and Citi Private Bank.


Aussies say no thanks to private bankers

Although the survey covered more than 600 high net worth individuals in Australia, that single anecdote told a lot about the imperfect customer acquisition.


Wealth fund would 'straightjacket' WA

Western Australia cannot afford a sovereign wealth fund and will be financially straightjacketed if it is introduced by the Colin Barnett-led government, the state's peak business lobby group says.


RBS: The bank that's selling charity

Royal Bank of Scotland is targeting India's young super-rich with a range of products designed to help make giving to the needy easier and more efficient.


Shanghai's wealthiest residents revealed

A total of 140,000 people in Shanghai have personal assets of 10 million yuan, an increase of 6.1 per cent year-on-year, accounting for 13.7 per cent of China's high net worth individuals.


Australian unions call for Buffett-style rich tax

Mr Lyons said the ACTU policy would be similar to top-end tax changes debated recently in the United States requiring those earning more than US$1 million per year to pay at least 30 percent in taxes.