Hong Kong / Agencies Rising political turmoil in Hong Kong could hurt economic growth in the freewheeling southern Chinese business hub, the city’s finance chief, John Tsang said as he unveiled measures on Wednesday to counter the impact of global weakness. Tsang warned that political unrest would “unavoidably” damage the economy after riots rocked the city earlier this month, predicting ...

BEIJING / AP Move over, New York City: Beijing is the new “Billionaire Capital of the World.” The Chinese capital has overtaken the Big Apple as home to the most billionaires — 100 to 95 — according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world’s richest people and their ...

Kuala Lumpur / DPA Malaysian online shoppers are turning to local sites as the weaker ringgit has made shopping on foreign sites much more expensive. Local online retailer Lazada Malaysia said the drop in the ringgit’s value has not really affected sales on its site. In fact, Lazada Group as a whole recorded US$40 million in overall sales during its ...