With the upcoming election getting closer, the United Kingdom’s wealthiest households are setting up plans to flee the country if Jeremy Corbyn wins as Prime Minister, said The Guardian. This is in light of the Labour Party candidate’s plan...
American multinational investment bank Morgan Stanley plans to add 30 to 35 private bankers this year at Hong Kong and Singapore wealth units.
The bank cites Asia expansion as part of its growth strategies for this year. According to...
Consumer goods giant Unilever warned on Tuesday, Dec. 17, that its sales prediction for 2019 may fall short due to the underlying sales issues in South Asia and in some major markets.
As a result of the slight miss in...
In a recent article of Business World, one of the biggest, yearly investor surveys has revealed an increasing behavioral shift in central banks, sovereign wealth funds, as well as public pension funds towards “greener and more activist investment strategies.”
The...
William G. Gale, a Senior Fellow in the Economic Studies Program at the Brookings Institution, published a paper suggesting that the United States government can increase its revenue by imposing a “progressive value-added tax.” In the plan proposed in...
Cornell University economics professor Eswar Prasad said the continuous HK strike and protests hurt the private wealth of some Chinese mainland.
The tension between the people of HK and its government has been going on for more than 3 weeks...
Massachusetts Senator Elizabeth Warren recently called for an annual tax for Americans with $50 million wealth and above. She said in an interview with MSNBC that ‘Wealth Tax’ can ‘help build opportunity for the rest of America.’
The proposed tax...
The richest people across the globe just made new wealth records during the last week of August. Bloomberg reported that the world billionaires earned billions amounting to a total of $209B added to the fortunes of 500 of the...
Ride-hailing giant Grab announced its successful acquisition of Bento Invest, a Singapore-based robo-advisory startup. The acquisition comes as Grab unveils its plans to offer retail wealth management and investment solutions to its customers and partners in the near future,...
Pepsi-Cola Products Philippines gains its company’s board approval to stop production for its line of snacks. The decision to discontinue its snack range follows after it continued to lose profits from its shares.
Last Friday, September 20, 2019, the soft...
