News

UK consumer confidence slips after vote

The UK economy is already showing early signs of stress in the wake of the Brexit vote with a consumer spending and productivity index slipping to multi-year lows last month. Business activity in the second quarter of the year fell to three-year lows, according to Lloyds Bank’s tracker for manufacturing and services, with London emerging […]

Homes sales pick up across India

Home sales in top Indian cities as well as smaller towns such as Jaipur and Vadodara have picked up over the last few months as confidence to spend returns among consumers, said Renu Sud Karnad, managing director of India’s biggest mortgage lender, HDFC. Home sales across the country have been slow over the last few […]

Big ambitions at Deutsche Bank

Deutsche Bank AG is pushing ahead with plans to become one of the world’s top five wealth managers as the business outlook for European banks worsens because of the Brexit vote and Italy’s banking crisis. Market volatility after the U.K.’s vote to leave the European Union underscores the need for Germany’s largest bank to bolster […]

Wealth Funds circle for Brexit bargains

Global sovereign wealth funds are waiting to pounce on bargains following the Brexit vote, a senior industry expert said on Friday. “Sovereign wealth funds are patient capital. They have a long term investment horizon,” Michael Maduell, president of the Sovereign Wealth Fund Institute, told CNBC’s “Squawk Box” on Friday. “When everyone is freaking out about […]

Stocks fall hits European wealthy most of all

The first half of 2016 has not been good to the richest people in western Europe. Over the past six months, the wealthiest citizens of Italy, Germany, Britain, France and Spain – Europe’s biggest economies – have had almost $17 billion erased from their combined net worth as the Stoxx Europe 600 Index fell 9.8 […]

Japanese storing gold in Europe

Japanese investors are buying gold to store in Switzerland because of negative interest rates and fears the yen will depreciate as the government grapples with the heaviest public debt burden in the developed world, according to BullionVault, an online trading and storage company. The number of buyers jumped 62 percent in the first six months […]

Cyprus and Latvia double tax deal

After almost ten years of negotiations, Cyprus and Latvia have signed a new double taxation agreement. Unlike many former members of the Soviet Union, Latvia did not adopt the 1982 Cyprus–USSR DTA when it became independent, and the new agreement is the first between the two countries. It closely follows the latest OECD Model Convention […]

Post-Brexit property flurry

The plunge in sterling following the UK’s decision to leave the EU has prompted a flurry of interest in luxury homes in London from overseas buyers, who stand to save about 10 percent of the cost of buying a £1 million property, a property consultancy has claimed. Arcadis said its clients had reported “a bounce […]

Art as an Asset Class

Michel Santi, the French-Swiss economist, financier, writer, advisor to central banks and sovereign funds, has agreed to speak at the Swiss Wealth Forum in September on the topic: Art as an Asset Class. Michel was for several years a Professor of Finance in Geneva, a member of the World Economic Forum, the IFRI and a  qualified […]

Russian fund empty by next year

Russia will exhaust one of its two sovereign funds next year, according to a finance ministry proposal seen by Reuters, having by that point run through $87 billion since the beginning of 2014 to fill holes in the budget left by a slump in oil prices. Russia will also spend over the next three years […]