Forget about designer brands and quirky gadgets: low-priced fashions and green products scored big in Japan in 2009, an advertising agency survey found, as consumers pinch pennies and take advantage of government stimulus subsidies.
Massive oversupply in the oil market has helped to snap the link between oil and gold that at this stage of tentative economic recovery could send both assets rising as inflation hedges, a strategist at a privately-held fund said.
Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.
Brimming with style, Beirut is regaining its reputation as a shoppers' paradise, with luxury labels such as Christian Dior and Louis Vuitton among a slew of shops opening in the city's renovated souks.