Daily Wealth Letter from The Wealth Forums 28 Nov. 2016

Reports — By on November 28, 2016 at 4:08 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 344  MONDAY, NOVEMBER 28, 2016

Barclays gets disappointing price

Barclays has raised almost a third less than expected from the $225m sale of its wealth and investment management business in Singapore and Hong Kong to Singapore’s Overseas-Chinese Banking Corp. (OCBC).  READ MORE: http://thewealthforums.com/2016/11/28/barclays-gets-disappointing-price/

New York top for rich Chinese

As Chinese tourism growth to the United States hit 14.7 percent in the first three quarters of 2016, the results of a new survey find that New York is the most “relevant” U.S. destination for visitors from China as they are attracted for both fun and practical reasons.  READ MORE: http://thewealthforums.com/2016/11/28/new-york-top-rich-chinese/

Cash shortage follows bills ban

The sudden withdrawal of 86 percent of India’s currency has left cash in short supply, retail sales stumbling and wholesale markets in turmoil.  READ MORE: http://thewealthforums.com/2016/11/28/cash-shortage-follows-bills-ban/

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

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