Be born to wealthy parents in Australia today if you want to be healthy

Your socioeconomic situation will have a significant impact on your health and life expectancy, even if you are fortunate enough to reside in a wealthy nation.

Today, the majority of people live in old age, which is excellent, but it also causes an increase in chronic disease. The need ...

YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

CHINA’S WEALTH MANAGEMENT PRODUCTS & PROPERY LOANS RISE IN Q1

Highlights –

• China’s wealth management products & property loans rise in Q1.
• At the end of March, China’s banking system had about $3.87 trillion of outstanding wealth management products.
• China's outstanding prope...

RAY DALIO PLANS ON OPENING WEALTH ADVISORY FIRM IN SINGAPORE

HIGHLIGHTS

• Ray Dalio, the founder of Bridgewater Associates, will open a family office in Singapore

He had long ties to Asia and Singapore and felt it was "high time" to open a family office in the region, the speculative stock invest...

MARGARITA LOUIS DREYFUS SOLD 45% TO ABU DHABI SOVEREIGN WEALTH FUND – A COSTLY DEAL SEALED TO BE DEBT FREE

HIGHLIGHTS

• Tycoon Margarita Louis-Dreyfus consented to sell a 45% stake in the rural dealer to an Abu Dhabi sovereign abundance reserves, opening the privately-owned company to outside possession for the first time for acquiring money

Louis-Dre...

INVESTORS ARE NO MORE WORRIED AS STOCKS ARE ON A BULL RUN AMID PANDEMIC

Highlights –

• Investors are no more worried as stocks are on a bull run amid pandemic.
• Goldman Sachs, UBS Global Wealth Management and Morgan Stanley are urging clients to remain exposed to equities.
• Monetary support from the Federal ...

CHINA’S WEALTH PRODUCT MARKET SHOWS LOSS

Highlights:

• Chinese investors have experienced losses of 25 trillion yuan which is equivalent to $3.5 trillion on high-yield wealth management products.
• Government bond yield has also surged this month driving the net asset value on more than 280 low-...

WEALTHY CHINESE STUDENTS CHOOSE HOME OVER AMERICAN DREAM

• Chinese students are shelling tens of thousands of pounds for access to private jets to flee US as the country’s coronavirus outbreak threatens to go overboard.
• With the number of deaths and confirmed cases exponentially rising and more than 780 deaths bringing forth ugly...

Premier League leads the income boom in Europe but the disparity in football wealth is rising

According to a continent-wide report undertaken by Uefa, the teams in Europe's top football divisions were financially profitable overall for the second year running in 2017?18 and much less debt-saddled than before financial fair play regulations were adopted in 2011.

The yearly &q...

Why Wall Street sees the securities exchange very nearly a 'liquefy up'

Is the securities exchange on the precarious edge of separating into an unmitigated hurry to crisp records?

That is the issue various market strategists are investigating as the Dow Jones Industrial Average DJIA, +0.28%, the S&P 500 SPX, +0.15%, and the Nasdaq Composite COMP, +0.07%...

In the months following listings, the stocks of leading companies languished

In 2019 the market mood quickly changed, as 2019 appeared to be a bumper year for IPOs. In the months following their launch, the stocks of high-profile start-ups such as Uber Technologies Inc (Uber Technologies Inc., UBER.N) and Lyft Inc (LYFT.O) languished.

The consequence has been th...

5% cut in the workforce of Bank of Montreal causing reconstructing charges to drop profit

There was a drop reported in the total profit of the Bank of Montreal on Tuesday, caused by severance costs when its workforce of around 5% got cut, causing the shares to go even lower. 

The total income of BMO fell from C$1.7 billion to C$1.19 billion ($894.67 million), or from C$...

Here are some food facts to blow your mind

Our fascinating food system is just Wow! Detailed studies by researchers have revealed some strange facts about the food we eat daily. Results will blow your mind out! Let us have a glance at some of the recent findings.

Ketchup can cure diarrhea

Medicinal qua...

More than half of the world's new millionaires grown in the US

As investments in equities and tech stocks propelled assets higher last year, the US stamped more than half the world's new millionaires. According to Credit Suisse Group AG's Global Wealth Report, the US, is the world's wealthiest country, which is now accounted for 675,000 new milli...

The fate of the banks to be decided as they share their earnings

The Banks of the United States has been a very crucial part of the economy and has made the nation a good finance and banking hub. The biggest American banks report earnings this week, and they will probably be hampered by weaker economic growth and lower interest rates. The Federal Reserve ...

2 thousand millionaires streamed into Dubai and the rest of UAE in just 1 year, according to a new wealth report

The world’s wealthiest are streaming into Dubai and the rest of the United Arab Emirates (UAE). The UAE remains the destination of choice for millionaires, a new report show, with the world’s mega-rich lured by the country’s safety, business-friendly environment and quality infrastructure. App...