Daily Wealth Letter from The Wealth Forums 30 June 2016

Reports — By on June 30, 2016 at 1:23 PM
Ian Brodie

Ian Brodie

Daily Wealth letter

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

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

NUMBER 243  THURSDAY,  JUNE 30,  2016

Alaska cuts size of oil payout

On Wednesday, Alaska Governor Bill Walker halved the amount of money residents receive from the state’s oil wealth, amid a multi-billion dollar deficit brought on by low oil prices and declining oil production. READ MORE: http://thewealthforums.com/2016/06/30/alaska-cuts-size-of-oil-payout/

Half of MEA wealth in cash and deposits

Private wealth in the Middle East and Africa region is set to reach $11.8 trillion by 2020 – and the UAE, Saudi Arabia, and Kuwait’s contribution will account for 22.7% of that total, according to the annual wealth report by the Boston Consulting Group. READ MORE: http://thewealthforums.com/2016/06/30/half-of-mea-wealth-in-cash-and-deposits/

Singapore lender gives London cold shoulder

Singapore’s third-biggest lender has suspended the issuing of loans for London properties and another has warned customers to be cautious, citing uncertainties caused by Britain’s Brexit referendum.  READ MORE: http://thewealthforums.com/2016/06/30/singapore-lender-gives-london-cold-shoulder/

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