2010 Forbes Billionaire Asian List Ranking. The number of billionaires has gone from 793 last year to 1,011 this year, almost to where it was [in] the record level of 2008,” Forbes told reporters at a new conference in New York to announce the magazine’s annual ranking. “The overall net worth of these billionaires is $3.6 trillion, up from $2.4 trillion just a year ago — a 50 percent increase.”

Forbes declared that Asia is leading the world’s financial recovery and said the number of its billionaires, 234, reflects the “remarkable changes taking place in the global economy,” as emerging economies flex their new muscles.

The United States, he says, is meanwhile slipping. The United States used to account for nearly half the names on the list, but now its share is just 40 percent — or 403 billionaires. The United States still dominates the world economy, Forbes says, but he notes “it’s not doing as well as the rest of the world in coming back from the financial crisis.”

2010 Forbes Billionaire List Ranking : The World’s Richest People . There are 1,011 billionaires in the world this year. These titans control entire swaths of the global economy, from energy and steel to fashion and telecom. The top slot in this year’s list was taken by the Mexican telecoms giant Carlos Slim, who has a fortune of £53.5bn (£36bn), an increase of $18.5bn on last year. Mr Slim leapfrogged BIll Gates and Warren Buffett, who held first and second places last year.


Slim’s fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which Slim owns a $23 billion stake, were up 35% in a year.

There are 29 British billionaires on the list – four more than last year. The Duke of Westminster and his family top the UK list, with a fortune of $12bn. They sit in 45th place in Forbes’ list overall. Newcastle owner and sportswear retailer Mike Ashley has a $1.5bn fortune.

Japan’s ANA All Nippon Airways has ordered 10 Boeing jetliners (five 777s and five 767) TOKYO — Japan’s All Nippon Airways announced Monday an order for 10 Boeing airplanes worth a total of about two billion dollars at catalogue prices, in a boost to the troubled US aviation giant.

ANA said it would buy five Boeing 777-200ER aircraft and five Boeing 767-300ER planes, for a total of 185.2 billion yen (1.95 billion dollars) excluding any discounts the Japanese carrier may have negotiated.
Japanese airlines’ fleets are dominated by US-made aircraft, to the frustration of European rival Airbus.

ANA, Japan’s second largest carrier, was the launch customer for Boeing’s 787 Dreamliner, which has been beset by a series of delays.
The airline, which is bracing for a second straight year in the red, is shifting to more fuel-efficient planes as part of its efforts to return to profitability.

Source : AFP
Photo: AFP

RIMM : RIM’s Blackberry recently have a massive Email Outage. Research In Motion (RIMM) shares are sharply higher in late trading on stronger-than-expected results for its fiscal third quarter ended November 28, and guidance that exceeded Street expectations.reported that its third-quarter net income increased to US$628.37 million or US$1.10 per share from US$396.30 million or US$0.69 per share last year.

On average, 44 analysts polled by Thomson Reuters expected the company to report profit of US$1.04 per share for the quarter. Analysts’ estimates typically exclude special items

For the quarter, RIMM posted revenue of $3.92 billion and profits of $1.10 a share; the Street had been looking for $3.78 billion and $1.04. The company added 4.4 million net new BlackBerry subscribers in the quarter, and shipped about 10.1 million devices. Gross margin in the quarter was 42.7%.

For FY Q4, the company sees revenue of $4.2 billion to $4.4 billion, with EPS of $1.23 to $1.31 a share, ahead of the Street consensus at $4.1 billion and $1.12. The company expects to add 4.4 million to 4.7 million net new subs in the quarter. RIMM expects gross margin for the quarter to improve to 43.5%.