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Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows. Vuitton’s brand value declined 12 percent from a year ago to $22.7 billion, Millward Brown Optimor estimated in its 2013 BrandZ study. W...
Changi Airport , Southeast Asia’s largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value cargo to make up for slowing trade. The airport may process 7 percent more cargo by volume for pharmaceutical prod...
Christie’s International set a record auction price for a Rolex wristwatch yesterday as Sotheby’s (BID) offers a jewelry collection owned by Italian actress Gina Lollobrigida in this spring’s Geneva auction season. The 1942 split-second Rolex chronograph, described by Christie’s as th...
Singapore ’s April home sales dropped 51 percent from a record in March as developers marketed fewer projects as residential prices posted the smallest gain in three quarters. Home sales fell to 1,375 units in April, according to data from the Urban Redevelopment Authority released to...
Argentines are buying more BMWs, Jaguars and other luxury cars as a store of value as inflation decimates their deposits and pummels the nation’s bonds. Purchases of cars from Germany ’s Bayerische Motoren Werke AG (BMW) and Jaguar Land Rover Automotive Plc, owned by India ’s Tata Mot...
Singapore’s state counsel said U.S. research engineer Shane Todd was found hanging from a black strap in front of a door in his home when the police found him. Todd, who was 31 when he died in June last year, was in a standing position with a white towel wrapped around his neck, Senio...
Asia’s richest woman Gina Rinehart said Australia should follow the example of Singapore ’s former prime minister to stimulate development of its northern regions. “The north has the potential to develop beyond our imaginations,” Rinehart, 59, said in a video presentation to a mining ...
Singapore Airlines Ltd. (SIA) , Southeast Asia’s biggest airline, posted a fourth-quarter profit as gains from sales of aircraft and spare engines helped it mask losses caused by cheaper fares to carry passengers and cargo. Net income in the three months ended in March was S$68.3 mill...
