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DUBAI: Investcorp Bank BSC, the Gulf’s largest private investor in US real estate over the past 10 years, plans to step up property investments in the world’s largest economy as it seeks to double assets under management to US$25bil over the next five to seven years.
SYDNEY: In 2013, student Na Wang began shipping fish oil capsules to China from Sydney to help pay the rent. Now, she's in business, part of a growing army of Chinese shopping agents sending Australian food and diet pills home to feed rampant demand.
HONG KONG: Despite a higher amount of tourist arrivals in conjunction with this year’s week-long National Day holiday, retailers and hoteliers in Hong Kong did not make more money.
BEIJING: China posted its strongest retail sales growth of the year in November, while surging steel production lifted factory output, but private investment began to slow again, leaving the economy more reliant on state spending and mounting debt.
PARIS: LVMH rose to a record in Paris trading after the luxury-goods leader reported sales that far exceeded estimates, the biggest sign yet of a rebound in demand across the industry.
PARIS: Short sellers are betting against Yoox Net-a-Porter SpA in the increasingly competitive business of selling luxury goods online.
SHANGHAI: Christian Dior SE chief executive officer Sidney Toledano is optimistic the European economy will do better in the coming years, especially with recently elected French President Emmanuel Macron’s promises to reform labour market regulations