Daily Wealth Letter from The Wealth Forums 28 Oct. 2016

Reports — By on October 28, 2016 at 12:49 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 328  FRIDAY, OCTOBER 28, 2016

High-tech grows wealth not jobs

Venture capital investments in Europe fell sharply in the third quarter of this year and this week the Financial Times reported on a speech in London which put Europe’s tech woes in stark terms. However, while policy makers should give attention to innovation in economies, just focusing on the tech/ digital sector is a road to economic and political failure.  READ MORE: http://thewealthforums.com/2016/10/28/high-tech-grows-wealth-not-jobs/

Zuma asks court to wait

South African President Jacob Zuma has asked a court to postpone a hearing scheduled for Tuesday, when his application to delay the release of a report over allegations of political influence by his wealthy friends was due to be heard.  READ MORE: http://thewealthforums.com/2016/10/28/zuma-asks-court-wait/

Wealth profit woes at UBS

UBS Group AG Chief Executive Officer Sergio Ermotti has pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading.  READ MORE: http://thewealthforums.com/2016/10/28/wealth-management-profit-ubs/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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