The Worldwide Investor

Reports from Berkshire Hathaway indicate that Warren Buffet has completely sold all of his PetroChina holdings. For the perennial long term investor to sell out of a company that he has only owned for a few years is a highly relevant situation. (more…)

Hong Kong announced recently its plan to decrease income tax rates by 1%. Tax rates for individuals will now drop to 15% of annual income, with corporate rates at 16.5%. The move is an attempt by the Hong Kong government to drive businesses into the area, in an increasingly competitive Asian business environment.
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