Daily Wealth Letter from The Wealth Forums 20 Dec. 2016

Reports — By on December 20, 2016 at 1:05 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 360  TUESDAY, DECEMBER 20, 2016

India’s PM attacked on demonetisation

In a direct attack on the Prime Minister, Congress vice president Rahul Gandhi has alleged that Narendra Modi visits the US and China “using” the aircraft of his wealthy “friends” and has “made fun” of 99 percent honest people through demonetisation.  READ MORE: http://thewealthforums.com/2016/12/20/indias-pm-attacked/

Islamic finance sector struggles

Global Islamic finance development, as measured by the Islamic Finance Development Indicator (IFDI) global average value, declined to 8.8 in 2016 from 9.9 in 2015, reflecting the poor performance of many nations due to aspects that are based on actual market practice, such as financial performance and corporate social responsibility, the fourth edition of the Islamic Finance Development Report revealed.  READ MORE: http://thewealthforums.com/2016/12/20/islamic-finance-sector-struggles/

China’s debt yields climb

China’s government bonds extended declines, pushing the 10-year yield to a 16-month high, on speculation policy makers’ efforts to clamp down on wealth-management products will exacerbate a debt sell-off, Bloomberg reports.  READ MORE: http://thewealthforums.com/2016/12/20/chinese-debt-yields-climb/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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