As Japan Prime Minister Shinzo Abe looked to double down on the country’s stimulus package, the cabinet members approved a $1.1 trillion (¥117 trillion) fresh funding last Wednesday, May 27, 2020, to help keep businesses and households afloat amidst...
The Kingdom of Saudi Arabia’s foreign reserves fell sharply by $21 billion in April, following the transfer of 150 billion riyals to finance an investment overseas.
The net assets of the world’s biggest economy fell for 4.5 percent in April,...
The Parliamentary Budget Officer’s (PBO) report revealed that Canada’s annual revenue can peak at $5.6 billion for the wealth tax alone.
The projection was requested by the NDP finance critic Peter Julian if the wealthiest families would be taxed 1%...
Canadian households can emerge from the pandemic wealthy given their high-value properties, according to a study by TD Economics.
The paper titled ‘Impact of the Pandemic on Key Canadian Household Financial Indicators’ was written by Ksenia Bushmeneva. The study indicates...
UK-based Barclays bank has expanded its service portfolio with the launch of a new hybrid digital wealth management service. On Tuesday, July 14, the British banking giant introduced Barclays Plan & Invest, a new digital wealth service offering financial...
Data from Forbes revealed that Colorado’s wealthiest individuals increased their fortunes during the virus pandemic and the recession that came with it, said The Denver Post. The combined amount of their additional wealth is in billions.
Colorado’s top 10 richest...
Shanghai-based Hywin Wealth Management Co. is planning to expand its offices to Singapore. According to Bloomberg, the move comes after more Chinese clients are moving their businesses to the country and to provide its services to Southeast Asian individuals.
Hywin...
China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm is gearing up to enter the online stock brokerage and wealth management market, reports Reuters.
The...
Considered the world’s largest sovereign wealth fund, Norway admits to losing a massive 188-billion-kroner (roughly equivalent to $21 billion) loss following a turbulent first half of the year. The country is expected to experience further challenges with the global...
The richest people across the globe just made new wealth records during the last week of August. Bloomberg reported that the world billionaires earned billions amounting to a total of $209B added to the fortunes of 500 of the...
