By Agency Reporter Thursday, 10 Feb 2011 BEIJING: China’s central bank will likely need to increase interest rates further in coming months as the three moves since mid-October leave household wealth being eroded by accelerating inflation, Bloomberg reported on Wednesday. The People’s Bank of China on Tuesday raised the one-year lending […]

By Agency Reporter Thursday, 10 Feb 2011 NEW YORK: Morgan Stanley, the world’s top merger adviser, may turn its remaining proprietary-trading group into an electronic client-trading unit, according to two people with knowledge of the matter, Bloomberg reported on Wednesday. A final decision hasn’t been made about the group, known as […]

By Agency Reporter Thursday, 10 Feb 2011 LONDON: The scarcity of luxury houses and apartments on the market in neighbourhoods like Belgravia and Knightsbridge has prevented many from trading up to larger properties. Instead, they’re adding the kind of amenities often found in new developments, ranging from wine cellars and home […]