HSBC’s Play for Mideast Wealth Marred by Exits, Regulatory Curbs
Breadcrumb Trail LinksPMN BusinessAt HSBC Holdings Plc, a star hire who was supposed to reinvigorate the firm’s private banking business in the Middle East is…
Where are the world’s millionaires and how is wealth divided globally? | Business and Economy News
The world has at least 58 million US dollar millionaires, accounting for 1.5 percent of the global adult population, according to the 2024 UBS Global…
Women to inherit trillions in the ‘great horizontal wealth transfer’
Breadcrumb Trail LinksNewsWomen set to inherit trillions in seismic shift in wealth ownershipPublished Jul 19, 2024 • 4 minute read You can save this article…
Foundation Wealth Partners Announces Expansion to Kamloops
Article contentThe new team is Foundation Wealth’s second in B.C. and first in the Thompson Okanagan regionTORONTO, July 17, 2024 (GLOBE NEWSWIRE) — Foundation Wealth…
UK Plans to Unveil Wealth Fund Structure at Global Investment Summit
Breadcrumb Trail LinksPMN BusinessThe new Labour government under Prime Minister Keir Starmer is looking to firm up a structure for the UK’s National Wealth Fund…
Supreme Court upholds tax on corporate wealth held overseas
WASHINGTON — The Supreme Court on Thursday refused to put new limits on the taxing of corporate wealth. In a setback for anti-tax conservatives, the justices…
UK’s Starmer says ‘wealth creation’ top priority in pitch to voters | Business and Economy News
Labour Party leader rules out any rise in income tax, for national insurance or VAT. The UK’s opposition leader Keir Starmer has pledged to make…
New Sovereign Wealth Funds Have New Remits
The previous decade saw a wave of sovereign wealth funds (SWFs) driven by a commodity market boom and foreign exchange reserves. Governments from Chile to…
Mongolia Defends Plan to Tap Mining Riches for New Sovereign Wealth Fund
Breadcrumb Trail LinksPMN BusinessMongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in its large…
India’s income inequality widens, should wealth be redistributed? | Business and Economy
Rising income inequality is a hot topic dominating the national elections. India is the fastest-growing major economy in the world. But, the benefits of India’s…
New wellbeing data shows how regions across Australia score in health, income, housing and more
Sydney's northern beaches ranks as the highest in the nation for wellbeing, with only one Queensland city making it to the top 10, the annual…
Trump’s bond in N.Y. civil fraud case is settled with cash promise
NEW YORK — New York state lawyers and an attorney for former President Trump settled their differences Monday over a $175-million bond that Trump posted to…
This Morning star Josie Gibson's incredible wealth as she lands lucrative new deal
Josie Gibson is the new face of a popular supermarket in what's sure to be a money-spinning gig for the TV star. The Mirror takes…
Who is Don Hankey, the L.A. billionaire who helped Donald Trump?
When news broke that former president Donald Trump had managed to post a $175-million bond to prevent an asset seizure while he appeals a New…
Aged Care Taskforce rejects tax levy, proposes funding based on personal wealth
A taskforce reviewing funding arrangements for aged care has rejected the idea of a tax levy to cover the sector's costs instead suggesting Australians accessing…
SNP: Scottish wealth and jobs ‘all a game to Westminster’
Stephen Flynn has claimed the UK government wanted to use to Scottish resources to pay for tax cuts in England.Reacting to the SNP Westminster leader’s…
The Great Wealth Transfer | Global Finance Magazine
A $72 trillion global avalanche of inheritance is coming. Are private banks and wealth managers up to meeting the next generation’s needs? Two notable statistics…
Wealth managers wary of the dash into cash
Breadcrumb Trail LinksInvestorFinancial TimesHigher interest rates have meant deposits could return 5 per cent, but avoiding risk assets can lead to underperformanceAuthor of the article:Financial…
Trump is ordered to pay $355 million in New York fraud case
NEW YORK — A New York judge ordered Donald Trump and his companies on Friday to pay more than $355 million in penalties, finding they engaged…
In Hong Kong, decades of wealth gains evaporate on China’s watch | Business and Economy News
Taipei, Taiwan – Like many Hong Kongers, accountant Edelweiss Lam spent the last week watching the city’s stock market wipe out 14 months of gains…