With great wealth comes great remuneration. Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a decade.
News Articles
London: Emerging market rout is longest since 2008
For stocks, it’s 222 days. For currencies, 155 days. For foreign-currency bonds, 240 days.
UK house-price growth cools to its weakest pace in 5 years
U.K. house-price growth has slowed to the weakest pace in five years, while London values are falling, according to Nationwide Building Society.
Thailand mulls tougher tax rules
Thailand is studying plans to toughen tax collection rules for Internet and technology firms like Alphabet Inc’s Google, the head of the Revenue Department told Reuters, as the tax affairs of these firms comes under growing scrutiny in South-East Asia.
M&S to close stores at home and abroad as profits fall
Britain’s Marks & Spencer (M&S) said it would shut about 30 stores at home and 53 abroad, with its new boss seeking to revive the retailer by focusing more on food and less on its struggling clothes and homewares ranges.
US The Best Place To Be A Rich CEO
If your life’s goal is to be a highly-paid chief executive officer, the US is the place. But if your dream is just to be richer than society, South Africa and India are great bets too.
Tencent Q3 Revenue Jumps Above Expectations
Tencent Holdings Ltd.’s growing appetite for spending on new businesses helped fuel a stronger-than-expected rise in revenue despite a weakening Chinese economy.
Facebook reportedly builds China filter as hurdles linger
Facebook Inc is so keen to return to China that it built a tool that would geographically censor information in the country, according to the New York Times.
UK gained momentum at the end of 2016
The UK economy grew more than previously estimated in the final three months of 2016 but it may be the last hurrah.
