Norway’s wealth fund to close China office
By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office in China, it said on…
By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office in China, it said on…
By Rishav Chatterjee (Reuters) -Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a…
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a press conference on Wednesday. (Reporting…
ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38% by 2027, driven largely by emerging…
By Xie Yu HONG KONG (Reuters) – Consolidation within the global wealth management sector will speed up while managers continue to face regulatory challenges, a report based on a global…
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due to the fall in house…
OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation. The Norwegian wealth fund, set…
ZURICH (Reuters) -UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse. Several former Credit Suisse managers…
Southern States Are Booming As Wealth Flees Democrat-Run Northeast Will Kessler on July 5, 2023 Six states in the south are seeing rapid growth in the share of national gross…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The endowments of New York City’s pricey private schools are flourishing thanks to a steady inflow of contributions from wealthy donors and the…
Here’s How The Supreme Court Could Shatter Democrats’ Plans For A Wealth Tax Katelynn Richardson on June 23, 2023 The Supreme Court will soon announce whether it will hear a…
By Dan Burns (Reuters) – U.S. household wealth climbed to the highest in a year in the first three months of 2023, led by the stock market’s recovery from last…
DUBLIN (Reuters) – Ireland could amass a 142 billion euro ($156 billion) sovereign wealth fund by 2035 and cover much of its future age-related costs if it invests all its…
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns over their ties to the…
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s richest people added $152 billion to their wealth over the past year, buoyed by high prices for natural resources and rebounding from the…
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the…
SINGAPORE (Reuters) – A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to keep quiet on wealth inflows…
HONG KONG (Reuters) – Japanese investment bank Nomura Holdings Inc on Monday said it has appointed Dr. Rudolf Hitsch as head of North Asia for its international wealth management business.…
Republican Senator Calls Out Socialist Sanders For ‘Hypocrisy’ Over Personal Wealth Jason Cohen on March 29, 2023 Republican Sen. Markwayne Mullin of Oklahoma accused independent Sen. Bernie Sanders of Vermont…
OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, will vote in favour of the UniCredit remuneration package, it said on Sunday. The Italian…
(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as…
By Summer Zhen HONG KONG (Reuters) – Wealth management firms are expanding operations aggressively in Hong Kong to meet pent-up demand from rich Chinese individuals looking to invest more money…
SHANGHAI (Reuters) – More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing’s crackdown on major tech companies hurt…
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management. The embattled bank is…
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn, calling into…