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R.Budi and Michael Hartono is still the richest people in Indonesia. Bakrie down to No.4 R. Budi & Michael Hartono who have a wealth about US$ 7 billion is still the richest people in Indonesia, and Martua Sitorus have a...

The biggest wedding boom in history is helping power China's economic growth and may push its housing market into dangerously overinflated territory. Children of China's baby boomers are coming of age in the tens of millions, and as coddled only-children...

S&P/ASX200 index had risen 58.8 points, or 1.25 per cent, to 4777.8, while the broader All Ordinaries index had gained 57.8 points, or 1.22 per cent, to 4790.9. RBS Morgans private client adviser Trent Muller said gold-leveraged stocks probably were...

The banking giant has blamed soaring wholesale funding costs for its decision, paving the way for other banks to follow through with rate rises above today's move by the central bank. The planned rate rise came just a short time...

Peugeot-Citroen and Mitsubishi are apparently in talks today that could end up creating the world's sixth largest auto manufacturer. A report in today's Nikkei newspaper states that the European carmaker and the fourth largest Japanese automaker have entered into a...

Manufacturers and exporters of furniture products have survived the impact of the global recession by shifting their marketing strategy to the domestic market. Emmanuel P. Padiernos, vice president for market development of the Chamber of Furniture Industries of the Philippines,...

Prosecutors are leaning toward not questioning Prime Minister Yukio Hatoyama over alleged irregularities in his political funds reports, sources familiar with the matter said Tuesday. The Tokyo District Public Prosecutors Office instead intends to ask Hatoyama, who has denied any...

Lotudina was charged in November and since then had been in custody after appearing in the magistrates court. Defence lawyer Aseri Vakaloloma applied for bail, saying the conditions in the remand centre were inhumane and Lotudina was subjected to abuse...

Their measures are a restriction on China’s development.” The premier repeated the standard form of words Beijing uses to describe its currency policy. “We will maintain the stability of the renminbi at a reasonable and balanced level,” adding that “maintaining...