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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Japan’s economy shows recovery signs

Category : Business, World News

Japan’s economy, the third largest in the world, expands at its quickest pace in a year, showing signs of an economic recovery.

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Nikkei at 5-year high after best week since 2009

Category : Business, Stocks

A 3% stock rally Friday has pushed Japan’s Nikkei to its highest close in five years and the best week since the end of 2009.

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Japanese bra promises economic uplift

Category : Business

The ‘Branomics Bra’ is a playful take on prime minister Shinzo Abe’s ‘three-arrow’ economic revival plan

The Japanese division of lingerie maker Triumph International unveiled on Wednesday an “Abenomics” bra, a special edition it says offers a “growth strategy” and a potential lift towards Japan’s elusive inflation target.

Launches of Triumph’s concept bras in Tokyo have become a regular event over the past quarter of a century and are an important publicity tool for the 127-year-old, Swiss-headquartered company.

The latest “Branomics Bra” follows earlier solar-powered, recycled and “husband-hunting” models but, like its predecessors, will not go on sale.

The “Branomics Bra” is a playful take on prime minister Shinzo Abe’s “three-arrow” economic revival plan that combines monetary strategy aiming to reach 2% inflation in two years and pro-growth reforms.

It features a rising trendline and arrows as motifs and promises a 2% increase in volume with extra padding.

“We hope that, as the Japanese economy grows, we can also help bust sizes to get bigger,” said Triumph spokeswoman Keiko Masuda.

Its benefits for Japan’s policymakers were less clear.

Which cities do the world’s millonaires and billionaires live in?

Category : Business

Twenty cities have more than 100,000 millionaires – but which has most? And where do the world’s billionaires live?
Millionaires | Multi-millionaires | Billionaires | Country
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More data journalism and data visualisations from the Guardian

Where do the world’s wealthiest individuals live? Well, it depends if you’re talking millionaires, multi-millionaires or billionaires, according to a new list of the global rich.

Tokyo may contain the most millionaires (US$), however London is the city with the highest number of multi-millionaires – defined as individuals with over $30m each. For the fattest of the fat cats, though, look to New York where 70 billionaires have made their home – or maybe one of their many global homes.

The ranking of top global cities for millionaires, multi-millionaires and billionaires has been compiled by London based wealth consultancy WealthInsight using five years of data analysed by their team. So what insights can we glean from this latest rich list?

Millionaires

Tokyo tops the list with 461,000 millionaires at the end of 2012, followed by New York City with 389,000. London and Paris take third and fourth place respectively with Frankfurt, Beijing, Osaka, Hong Kong and Shanghai making up the the remainder of the top ten. Interestingly the second highest city for billionaires, Moscow, comes in 20th for its number of millionaires.

The report also looks at the proportion of each country’s millionaires in each city. Tokyo accounts for 21% of Japan’s millionaires whereas New York City accounts for only 7% of US millionaires. Cities with much higher proportions include Seoul (83%), Rome (49%) and London (42%).

Multi-millionaires

Now for the big players, those individuals with over $30m each. London is top of the list as the city with the most multi-millionaires (4,224) but Tokyo and Singapore follow in second and third place respectively.

New York makes an appearance at fourth place on the rankings – but if you’re surprised by the Big Apple’s slip down the rich list, WealthInsight do point out that ‘many wealthy New Yorkers live off the Island in cities such as Greenwich which has over 350 multi-millionaires on its own’.

Billionaires

New York (Manhattan) contains the most billionaires according to the release with 70 in the city. Moscow has 64 billionaires and London boasts 54.

Moscow, Mumbai and Istanbul are significantly higher on the billionaire list than they are on the millionaire rankings. Moscow which is ranked 20th for millionaires and is absent from the top 20 cities for multi-millionaires, comes in at third place on the billionaires list.

Hong Kong, Beijing, Mumbai, Istanbul, Shanghai, Paris and Los Angeles all make it into the top ten.

Country

Despite Tokyo topping the list as the city with the highest total of millionaires, when it comes to country level the US boasts the most with 5,231 in 2012 – a figure WealthInsight expects to jump to 7,318 by 2020.

But the country to watch according to the wealth consultancy is China. They predict that it will overtake Japan and Germany to become the second largest wealth market in the world by 2020. India is also expected to rise up the rankings, from 11th place in 2012 to 5th place in 2020.

The tables below show the top ten cities for millionaires, multi-millionaires and billionaires. The downloadable spreadsheet contains data at country level and the proportion of country’s millionaires in each city. What can you do with this?

Data summary

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DATA: download the full spreadsheet

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More data journalism and data visualisations from the Guardian

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Nikkei tops 14,000 in five-year high

Category : Business, World News

Japan’s Nikkei index surged on Tuesday, rising above the 14,000 mark for the first time since June 2008.

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World’s 5 hottest stock markets

Category : Business, Stocks

From Japan and the Philippines to the United Arab Emirates and Kuwait, these countries’ stock markets have rallied more than 20% so far this year.

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VIDEO: Japan lifts Boeing Dreamliner ban

Category : Business

Japan’s airline authority has followed the US regulator in clearing Boeing’s troubled 787 Dreamliner to fly again once batteries are replaced.

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Japan boosts economic forecasts

Category : World News

The Bank of Japan raises its forecast for both economic growth and inflation this year in its twice yearly report.

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Japan lifts Boeing Dreamliner ban

Category : Business, World News

All Nippon Airways is to begin Dreamliner test flights after Japan’s regulator followed the US aviation authority in clearing Boeing’s 787 to fly.

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Japan in record annual trade deficit

Category : Business

Japan, the world’s third-largest economy, reports a record trade deficit for the financial year to 31 March.

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