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Asia Pacific Focus  

Asia Pacific leads world in creating wealth


Asia Pacific leads world in creating wealth

The Asia Pacific region houses a higher proportion of High Net Worth Individuals (HNWIs) than any other region on earth.

The claim is part of the World Wealth Report prepared by Merrill Lynch which studied wealth effects in seventy one countries, which account for 98% of global gross income and 99% of world stock market capitalization.

The asset wealth calculations in the report are derived from private equity holdings (at book-value), publicly listed equities, bonds, funds, and cash deposits. They do not take account of consumables, consumer durables, privates homes used as principal residences or collectibles.

The 2009 World Wealth Report estimates that in 2008 the number of HNWIs reduced by nearly 15%. Th ... more


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Friday 18th May, 2012

    • Redford looks to China for Alberta's economic future

    The Globe and Mail

    Alison Redford will take her energy pitch to China next month, building ties in a market she hopes will drive Alberta’s economic growth for years to come.Ms. Redford announced Thursday she ...

    • Japan Department Store Sales Due On Friday

    RTT News

    5/17/2012 6:30 PM ET (RTTNews) - Japan is on Friday scheduled to release April figures for department store sales, highlighting a light day for Asia-Pacific economic news.Nationwide sales were up ...

    • Alberta premier planning June trip to China

    Calgary Herald

    Premier Alison Redford will make her first visit to China at the end of June and could end up attending the Olympic Games in London in late summer as well.In a Facebook posting Thursday, Redford ...

  • Japan concerned about Eihatsu Maru

    IOL

    Johannesburg - The Japanese embassy is concerned about a 50-metre-long fishing vessel that ran aground off First Beach in Clifton, Cape Town, it said on ...

  • Australia's next top boss: Where you'll work

    News.com.au

    The gold mining company was awarded first prize in recruitment firm Randstad’s 2012 awards for offering competitive salaries, good training and long-term job security.National broadcaster ABC ...

  • Stephen Tobias named interim CEO at Canadian Pacific

    Windsor Star

    "We came in peace and I'm delighted to say we're at peace once again," said Bill Ackman, the chief executive of activist New York hedge fund Pershing Square Capital Management LP ...

  • VIDEO: China activist's family claim torture

    BBC

    Relatives of the blind Chinese activist, Chen Guangcheng, have given detailed accounts of the torture and retribution they have allegedly suffered at the hands of Chinese authorities. The BBC has ...

  • Apple to Choose China Mobile - Analyst Blog

    Nasdaq

    CHL ) as its new telecom partner in China, as per a recent news feed from Bloomberg. Both the companies have started discussions and it will take some time before they strike a deal. Consequently, ...

  • Russian PM Dmitry Medvedev says action on Syria, Iran may go nuclear

    Times of India

    Dmitry Medvedev warned on Thursday that military action against sovereign states could lead to a regional nuclear war, starkly voicing Moscow's opposition to Western intervention ahead of ...

  • US gov't sets stiff tariffs on China solar panels

    Tampa Bay Online

    WASHINGTON (AP) -- The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with ...

  • Echoes of Tiananmen, on Film, Face Hurdles in China

    International Herald Tribune

    BEIJING - On May 9, 1986, a classical trumpeter turned rock guitarist belted out "Nothing to My Name" at Beijing Workers Gymnasium, unaware that his raw lyrics beseeching a girl for respect despite ...

  • The Bombay Royale: Retro-Bollywood Music from Australia

    The World

    The songs on the new album ';You Me Bullets Love'; sound like the soundtrack to a long lost Bollywood-James Bond film. But there is no film and the music is new. The soundtrack to this ...

  • China posed for carbon emissions scheme

    UPI

    The outcome of China's planned carbon emissions scheme could have a transforming effect on efforts to tackle climate change, experts say. China is preparing to run pilot carbon trading schemes ...

  • South Korea seeks Sikorsky helicopters

    UPI

    The U.S. Defense Security Cooperation Agency reports that South Korea is seeking acquisition of MH-60R Seahawk multi-mission helicopters. The package deal under the Foreign Military Sale program ...

  • Filipinos to Protest Against China Over Disputed Shoals

    New America Media

    NEW YORK – Overseas Filipinos will hold protests in front of China’s embassies and consulates worldwide to protest the recent aggressive Chinese encroachments in the disputed body of ...

  • Japan's emperor arrives in London for jubilee state visit

    CBS News

    (Credit: BEN STANSALL/AFP/Getty Images) (CBS News) Japan's Emperor Akihito and Empress Michiko have arrived in London for a five-day state visit that includes celebrations for Queen ...

  • Australia's first Personal Ordinariate to be established

    CathNews NZ

    Email article The personal ordinariate of Our Lady of the Southern Cross, under the patronage of St Augustine of Canterbury, will be established on June 15. It will be Australia's ...

  • China’s Security Chief Ordered Persecution of Blind Lawyer Chen Guangcheng

    The Epoch Times

    A picture dated shows blind activist Chen Guangcheng (R) with his wife and son Chen Kerui outside the home in Dondshigu village, northeast China's Shandong Province. (STR/AFP/Getty Images) ...

  • U.S., China Cooperate To Train Afghan Diplomats

    RTT News

    5/17/2012 4:04 PM ET (RTTNews) - The United States Department of State announced Thursday it was kicking off a cooperative venture with the Chinese to train Afghan diplomats. Although it is unclear ...

  • China demands apology as activist leaves US embassy

    Daily Nation

    Chinese activist Chen Guangcheng has left the US embassy to seek medical care and join his family, officials said Wednesday, as Beijing demanded a US apology on the eve of key talks between the two ...

  • Toshiba shuts down TV manufacturing operations in Japan

    The China Post

    TOKYO -- Toshiba said Thursday it has stopped making televisions in Japan, citing slow domestic demand as falling prices, fierce global competition and a strong yen pressure the country's ...

  • Japan eyes maritime aid for Philippine defense

    Inquirer

    Map showing the disputed areas in the West Philippine Sea (south China Sea), including the Spratlys Islands and Scarborough Shoal. AFP MANILA, Philippines – Japan is planning to provide ...

  • Horse rescued from Pacific Ocean

    UPI

    A horse that fled from a California beach photo shoot was rescued after swimming more than two miles out to sea. Santa Barbara Harbor Patrol Officer Ryan Kelly said William, a 7-year-old Arabian ...

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