Inflation in the euro zone unexpectedly rose to 2.6% in July, according to data released by the European Union’s statistics agency on Wednesday. This increase contrasts with the 2.5% inflation recorded in June and defied economists’ expectations, who had forecast… Read More ›
The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source of many of… Read More ›
Nomura Holdings, Japan’s largest brokerage and investment bank, reported a remarkable 195% increase in first-quarter profit on Tuesday, driven by a global market rally and the resurgence of domestic inflation, which boosted demand for its wealth management services. The impressive… Read More ›
Standard Chartered (StanChart) has unveiled its largest-ever share buyback of $1.5 billion and has raised its income outlook for 2024, driven by anticipated strong economic growth in its key Asian markets and a strategic plan to control costs. The London-based… Read More ›
Switzerland’s financial regulator, FINMA, is closely examining how UBS screens risky wealthy clients being transferred from Credit Suisse, sources revealed. This comes as the regulator adopts a proactive stance in overseeing the bank’s integration of its fallen competitor. Earlier this… Read More ›
After the Dutch gadget manufacturer Philips released better-than-expected second-quarter profits, its stock rose more than 10.5% in early trading on Monday. By 9:32 a.m. London time, the stock had reduced gains marginally and was trading up 10.45%. Similar group sales… Read More ›
A growing number of economists surveyed by Reuters expressed optimism about the chances for global economy this year and next, though many are still sticking to their projections of interest rate reductions. The risks are still pointing towards greater inflation…. Read More ›
According to the Nikkei newspaper on Sunday, Japan’s Mitsubishi Motors is going to become a part of an alliance between Nissan Motor and Honda Motor, forming a partnership between manufacturers with a combined sales volume of over 8 million cars…. Read More ›
A key US Federal Reserve indicator revealed in June that inflation had somewhat decreased from a year earlier, paving the path for the much-anticipated interest rate drop in September. According to Dow Jones estimates, the personal consumption expenditures price index… Read More ›
A deeper debate about the appropriate platform to advance the agenda was covered up by the first-ever unified declaration by G20 finance chiefs on Friday, wherein they pledged to work in order to properly tax the world’s richest fortunes. The… Read More ›
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