Daily Wealth Letter from The Wealth Forums – 22 April 2016

Events, Conferences,Forums and Symposiums, Reports — By on April 22, 2016 at 4:02 PM
Ian Brodie

Ian Brodie

DAILY WEALTH LETTER

A daily synopsis of wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

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NUMBER 196  FRIDAY,  APRIL 22, 2016

Arrest in Malaysian fund case

Singapore has arrested and filed criminal charges against a former employee of a Swiss private bank that is under scrutiny by Singaporean authorities for its relationship with Malaysian state investment fund 1MDB.  READ MORE: https://thewealthforums.com/2016/04/22/arrest-in-malaysian-fund-case/#more-3361

World calling time on Swiss watches

Swiss watch exports posted the biggest quarterly drop since 2009 as the industry faces declining demand across all its main markets.  READ MORE: https://thewealthforums.com/2016/04/22/world-calling-time-on-swiss-watches/#more-3358

Jet2 owner’s fortune soars

An increase of more than £200m in the estimated fortune of the founder of Leeds-based holiday airline Jet2.com is one of the most eye-catching features of the latest Yorkshire Rich List, which also features a new name at the top.  READ MORE: https://thewealthforums.com/2016/04/22/jet2-owners-fortune-soars/#more-3352

Australian fund holds more cash

Australia’s sovereign wealth fund increased the amount of cash it holds to almost one quarter of its A$117.4 billion ($91 billion) portfolio as it says global central banks have less firepower to respond to economic weakness.  READ MORE: https://thewealthforums.com/2016/04/22/australian-fund-holds-more-cash/#more-3348

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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