Daily Wealth Letter from The Wealth Forums 12 Oct. 2016

Reports — By on October 12, 2016 at 12:39 PM
Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

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 316  WEDNESDAY,  OCTOBER 12, 2016

UK economy ‘in trouble’

The flash crash in sterling was a “correct move” that reflected economic expectations, a senior official at Norway’s sovereign wealth fund, one of Britain’s biggest foreign investors, said on Tuesday.  READ MORE: http://thewealthforums.com/2016/10/12/uk-economy-trouble-says-norways-fund/

London’s direction ‘a simple problem’

Ben Wright in the UK’s Daily Telegraph has an interesting piece on Brexit, the crucial issue of passporting, and the failure of the British government to have any real dialogue with the international banking industry.  READ MORE: http://thewealthforums.com/2016/10/12/londons-future-direction-simple-problem/

Investments, not oil, bolster Saudi state

Saudi Arabia’s Public Investment Fund is set to cut back on lending to domestic projects, which has increased by more than 80 per cent over the past five years, as part of plans to transform the institution into the world’s largest sovereign wealth fund.  READ MORE: http://thewealthforums.com/2016/10/12/investments-not-oil-bolster-saudi-state/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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