Alibaba founder Jack Ma is back on the top list of Asia’s Richest Man after energy tycoon Mukesh Ambani lose $5.6 billion due to oil price drop on Monday, March 9. Ambani dethroned Ma two years ago, as the...
A Chamber of Commerce (COC) report recently revealed that Pennsylvania is the 21st richest in the United States. The state achieved this ranking despite having the 5th largest population in the country, said The Center Square. According to the COC...
In an annual report filed with the United States Securities and Exchange Commission last Monday, March 2, 2020, Uber reported that it sold its food delivery business, Uber Eats, to Zomato. The business deal cost the United States-based ride-hailing...
Over 31,000 people have just joined the ranks of the world’s ultra-wealthy last year following the increase in property prices and rising global stock markets, a report titled The Wealth Report 2020 reveals. According to the article, compiled by property...
The people of Guyana have voted to designate a government that will supervise the control of its newfound source of oil wealth, said the Associated Press. The fossil fuel industry is expected to make the country one of the...
Financial markets data provider Refinitiv is deepening its wealth management expansion with the recent acquisition of Scivantage. The London-based company specializes in banks, institutional, and large fintech enterprises, but has a jumpstart on targeting brokerage firms for expansion push....
Last Friday, February 28, 2020, Philippine Airlines announced its decision to lay off approximately 300 employees in its aim to reduce its financial losses. The company’s decision was reportedly exacerbated by the recent events to hit the Philippines, namely,...
Initially issued last August and slated to take effect in October 2019, the Trump ‘wealth test’ for immigrants finally took off last Monday, February 24, 2020. The wealth test is expected to change and shape the course of immigration...
The world’s largest wealth fund has failed to entice women candidates for its currently open CEO position, said Bloomberg. It now has eight applicants for the position, one of whom is the current deputy chief. The fund, Norges Bank Investment...
Singapore’s biggest wealth fund Temasek has frozen the salaries of employees and partially cut the bonuses of senior management, as it braces for the coronavirus outbreak. Temasek is a state-owned firm, which manages S$313 billion investment money in the country....

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