News from other websites on Wealth
British PM David Cameron urges more action on tax from UK territories
May 20, 2013 at 07:06 | Source: Economic Times
LONDON: Britain called upon its overseas territories to "get their house in order" over the sharing of tax information on Monday as the UK looks to lead a global fight against tax evasion ahead of a meeting of the world's wealthiest states. Britain ...
Asteroid 9 times larger than Queen Elizabeth 2 ship to sail past Earth on May 31
May 20, 2013 at 01:30 | Source: DNA India
Asteroid 1998 QE2 will sail past Earth on May 31, getting no closer than about 3.6 million miles (5.8 million kilometres), or about 15 times the distance between Earth and the moon. While QE2 is not of much interest to those astronomers and scientis...
Giant asteroid to buzz past Earth in two weeks
May 19, 2013 at 19:00 | Source: The Hindu BusinessLine
Washington, May 19: A gigantic asteroid will fly by Earth at the end of this month, making its closest approach for at least the next two centuries. On May 31, asteroid 1998 QE2, believed to be about 2.7 kilometres or nine Queen Elizabeth 2 ship-len...
Barclays Names Hammoud as Head of Wealth Management in Abu Dhabi
May 19, 2013 at 16:00 | Source: Bloomberg
Barclays Plc (BARC) named Haidar Hammoud head of wealth and investment management in Abu Dhabi as Britain's second-biggest lender seeks to tap high net-worth individuals in the emirate, holder of about 6 percent of the world's oil. Ha...
Now, the IPL scam: Will revulsion produce a revolution?
May 19, 2013 at 10:38 | Source: FirstPost
"Greed is good", said Gordon Gekko, the central character of the film Wall Street. Gekko was a high living, risk- taking corporate raider cum stockbroker. For Gekko, money took precedence over all else. Three talented cricketers, one a Worl...
Why the Indian media gives a damn about poverty
May 19, 2013 at 10:26 | Source: FirstPost
I wrote in a previous column about India's growth flattening out. Despite having a poor per capita gross domestic product, about one thirtieth of what it is in advanced nations, India's growth has collapsed to an ordinary 5 or 6 percent when not supp...
Treasurys fall on data to end third week down
May 19, 2013 at 05:42 | Source: Market Watch
NEW YORK (MarketWatch) -- Treasurys extended a price drop Friday on better-than-expected consumer sentiment data, pushing bond yields higher for the third straight week. Prices fell after the University of Michigan and Thomson Reuters consumer-senti...
Banks that are expected to give good returns in this rally
May 19, 2013 at 04:17 | Source: Economic Times
MUMBAI: Bank Nifty has been one of the top sectoral gainers on the NSE as sentiment turned bullish in rate sensitive counters on expectations of rate cuts after inflation dropped below Reserve Bank of India's comfort zone. The Bank Nifty, after rally...
Gold sinks for seventh session in a row
May 19, 2013 at 03:57 | Source: Market Watch
NEW YORK (MarketWatch) — Gold futures slumped on Friday for a seventh consecutive session, as the dollar index jumped to nearly three-year highs and U.S. data raised optimism about the economic recovery. Gold for June delivery (CNS:GCM3) settled...
May 18, 2013 at 21:36 | Source: The Hindu BusinessLine
May 18, 2013: Last week, a friend of mine was talking to me about the tight economic situation and its effect on the job market. Then, he made an off-the-cuff remark, which I later realised was rather profound. He said, when the times are good, any ...
Taxing times for the super-rich
May 18, 2013 at 21:36 | Source: The Hindu BusinessLine
The term high net worth individuals (HNIs) is often used loosely for the so-called super-rich. But there is no official definition of HNIs under the Income tax Act. The Finance Minister P. Chidambaram in his budget speech gave us a guide-post by ter...
Draining IRAs too soon poses big risks
May 18, 2013 at 17:37 | Source: Market Watch
Americans between the ages of 61 and 70 are withdrawing money from their IRAs in amounts that are larger, both in absolute dollar amounts and as a percentage of their IRA account balance, than those taken by older households, according to a new repo...
China buys stakes in key Australian power assets
May 18, 2013 at 17:32 | Source: DomainB
The world's biggest utility company by revenue, State Grid Corp of China (SGCC), which is also the world's seventh-largest company, is planning to buy stakes in Australian power assets worth billions of dollars, a move that will invite close scrutin...
IPL spot-fixing: Women used to lure players
May 18, 2013 at 11:16 | Source: Economic Times
NEW DELHI: The spot-fixing expose could have turned much more embarrassing for the three tainted cricketers. If sources are to be believed, bookies had planned to videotape the players' 'act' while they were with 'escorts' provided to them. The vide...
Imran Khan talks with Taliban: Why it's a dud peace plan for Pak
May 18, 2013 at 10:35 | Source: FirstPost
In April 2004, Nek Muhammad Wazir stood on stage near his home in the Shakai valley, glowing as Pakistans XI corps placed an improbably-colourful garland around his neck. Whatever happened, happened, the feared jihadist commander told Lieutenant-Gene...
China, India to be biggest investors by 2030: report
May 18, 2013 at 04:45 | Source: FirstPost
WASHINGTON (Reuters) - The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank pred...
JM Financial soars on Vikram Pandit?s 3% stake-buy news
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
Mumbai, May 17: The JM Financial scrip gained over 13 per cent on Friday following the news of ex-Citi honcho Vikram Pandit picking up a three per cent stake. The stock closed at Rs 26.7 on the BSE. The traded volume on the BSE was over 1.28 crore s...
JM Financial soars on Vikram Pandit’s 3% stake-buy news
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
Mumbai, May 17: The JM Financial scrip gained over 13 per cent on Friday following the news of ex-Citi honcho Vikram Pandit picking up a three per cent stake. The stock closed at Rs 26.7 on the BSE. The traded volume on the BSE was over 1.28 crore s...
11 best charts for yield-seeking investors
May 17, 2013 at 20:17 | Source: Market Watch
Health-care muni bonds. President Obama’s 2010 health-care overhaul cast a pall of uncertainty over hospitals. Among the biggest fears: the hit from looming cuts to Medicare and Medicaid reimbursement rates as the government moves to squeeze costs...
Stanley Druckenmiller's top stock picks
May 17, 2013 at 20:17 | Source: Market Watch
Stanley Druckenmiller pulled double duty for over a decade, managing a portfolio for George Soros and running Duquesne Capital. His success as an investor has resulted in a net worth of nearly $3 billion. He has retired as a fund manager but still m...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
