Contrary to Dubai, a state with not much oil and thus aspiring to diversify away into financial services and tourism, Abu Dhabi controls approximately 8% of the world’s oil and one of the largest Sovereign Wealth Funds (SWF).

It remains to be seen how the RBA will go about doing that using all tools at their disposal. They deserve to be mentioned as one of the most credible central banks, though, as seen by them being so far effective in guiding long-term interest rates, thus reflecting the market’s trust in them.

There are shifts in the concentration of millionaire population. While US, Japan and Germany still account for 54% of HNWIs in the world, China has now moved into 4th position surpassing UK. Similarly Brazil has now moved ahead of Australia and Spain in the 10th position.
The study also forecasts that the HNWI wealth will recover to $48.5 Trillion by 2013 and the Asia-Pacific will overtake North America as the largest region for HNWI financial wealth.

Rio Tinto chief executive Tom Albanese was optimistic about long-term growth prospects and said China’s demand for iron ore, copper, coal and aluminium was expected to grow exponentially for the next 15 years.

Wen urged U.S. officials to “take concrete steps to reassure investors” about the safety of dollar assets, repeating concerns that he expressed a year ago, sparked by a growing U.S. fiscal deficit.

Nasdaq-listed Home Inns has 61 hotels in the eastern Chinese city, which plays host to the World Expo May 1 to Oct 31. A total of 192 countries, including the UK, France and Japan, and 50 international organisations will participate, and organisers are expecting 70 million visitors, according to the Expo's website.