Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey. A survey of North American family offices conducted by Campden Wealth […]
The world’s 25 wealthiest families have had a stellar 2023, according to Bloomberg. Ultra-rich dynasties have added another $1.5 trillion to their personal fortunes this year, the outlet reported Thursday. Strong economic growth, cooling inflation, and resilient consumer spending have all helped to support […]
China’s exports grew for the first time in six months in November, suggesting factories in the world’s second-largest economy are attracting buyers through discount pricing to get over a prolonged slump in demand. Mixed manufacturing data for November has kept […]
Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world’s No. 2 economy. Moody’s lowered the ‘outlook’ […]
Nassef Sawiris, Egypt’s richest man is relocating his family office to Abu Dhabi, joining a trend among notable investors establishing their operations in the sun-splashed emirate. Bloomberg reported that the Egyptian billionaire intends to re-domicile NNS Group in the Abu […]
The European Union’s economic powerhouse, Germany, is facing a severe economic setback that could have far-reaching implications for the entire bloc. The source of this crisis stems from a bombshell Constitutional Court ruling last month, which deemed Germany’s use of […]
Korea and Japan have signed a fresh currency swap deal worth US$10 billion, the Ministry of Economy and Finance said last week. The resumption comes after an eight-year hiatus as relations chilled. A currency swap involves depositing one country’s currency […]
Since Imperial Bank, the UAE’s inaugural bank, opened its doors in 1946, the banking sector has undergone considerable changes. Fast forward to today and customers have an enormous range of banks to choose from. However, with the changing times, banking […]
Marvin Ellison, the chairman, president, and CEO of Lowe’s Companies Inc., has recorded another substantial increase in the market value of his stake in the U.S. home improvement giant — thanks to the recent rise in Lowe’s share price. According […]
Billionaire businessman and conservationist Jonathan Oppenheimer, the son of South Africa’s second-richest man Nicky Oppenheimer, has acquired full ownership of GZ Industries (GZI), Nigeria’s largest beverage can manufacturer, from Affirma Capital. The strategic move cements the Oppenheimer family’s influence in […]
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