Daily Wealth Letter from The Wealth Forums

Markets — By on May 9, 2016 at 2:56 PM
Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

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 206  MONDAY,  MAY 9,  2016

New sign of Chinese weakness

China’s exports slumped nearly 2% in April compared with the same month last year, as imports fell almost 11%, officials said on Sunday, the latest sign of weakness in the world’s second largest economy.  READ MORE: https://thewealthforums.com/2016/05/08/new-sign-of-chinese-weakness/#more-3593

Credit Suisse tries double-head strategy

Credit Suisse is placing asset management under the twin direction of its wealth management and Swiss banking divisions, it said on Sunday, announcing a further strategy rejig after a shake-up in October. READ MORE: https://thewealthforums.com/2016/05/09/credit-suisse-tries-double-head-strategy/#more-3610

Taiwan drops to 10th in crony index

Taiwan was listed in 10th place on the Economist’s latest index of crony capitalism, which gives an indication of how much the livelihood of people in certain countries or cities depends on close relationships between business people and government officials.  READ MORE:https://thewealthforums.com/2016/05/09/taiwan-drops-to-10th-in-crony-index/#more-3604

Africa ‘hit hard’ by tax avoidance

Africa loses at least $50 billion a year — and probably much, much more than that – perfectly lawfully. READ MORE: https://thewealthforums.com/2016/05/09/africa-hit-hard-by-tax-avoidance/#more-3597

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

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