Monday, July 4, 2022
The newly created sovereign wealth fund of Egypt is planning to buy stakes from power plants co-developed by Siemens AG, reported Bloomberg. The fund seeks to acquire around 30% of the shares, with international investors holding the rest of...
Days after Italian artist Mauricio Cattelan’s duct-taped banana work called ‘Comedian’ sold for a whopping $120,000 found in Art Basel in Miami, a performance artist ate the work. The work was reportedly sold to a private collector, states the...
CI Financial, a diversified wealth management firm based in Toronto, announced Tuesday it is set to acquire a strategic interest in the RIA and sub-advisory firm, The Cabana Group. In a press release, the Toronto-based company said that the transaction...
Banking giant DBS Bank unveiled Tuesday, Nov 5, a new mobile app designed for wealthy clients called i-Wealth. In a media event joined by local actor Louis Koo and actress Jessica Hsuan, the bank presented a live demonstration on how...
Wealth management group Goldman Sachs launched its very first investor day last Wednesday, January 29, 2020. Through this event, Goldman Sachs executives were given the chance to present their plans about growing deposit balances over the next five years,...
The year 2018 seems to be a good one for the United States’ 0.1% as it was the year the number of households earning millions has increased, Bloomberg says. In fact, millionaire households have even gone beyond the number...
In the past year, in which economic decline became an overarching theme, billionaires Jeff Bezos and Elon Musk were able to break profit world records, said Entrepreneur. Both showed an incredible increase in wealth during the pandemic. Amazon founder and...
Eric Tse, a recent university graduate, and son of Sino Biopharmaceutical’s founder have become a billionaire overnight after receiving around one-fifth of their company shares as ‘gift’ from his parents. According to a report from CNN, the 24-year-old recent graduate...
Tokyo-based wealth management group Nomura announced its plans to hire more private bankers in its Hong Kong and Singapore offices. Nomura’s decision comes as the group pushes its Asia wealth management drive throughout Asia, notes Bloomberg. Nomura is a wealth...
Multinational investment bank JP Morgan recently released a report enumerating various risks to the market. Among the perils the markets will face this year is the “progressive overhaul” of the economy, which is considered one of the biggest threats,...

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