London will stay top, says banker: Daily Wealth Letter

Reports — By on January 26, 2017 at 2:11 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

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NUMBER 384   THURSDAY, JANUARY 26, 2017

London will stay top, says banker

In the wake of a recent slew of reports that several banks will move at least part of their staff out of London, one top banker has said that London will not lose its status as Europe’s pre-eminent financial hub in the wake of Brexit.  READ MORE: http://thewealthforums.com/2017/01/26/london-will-stay-top-says-banker/

China’s debt stays top concern

Debt levels in China are high now, and the country could be drowning in debt by 2018, Goldman Sachswealth manager Sharmin Mossavar-Rahmani says. A major risk to U.S. markets is looming, and it’s bigger than headlines and President Donald Trump’s tweets, Goldman Sachs’ Sharmin Mossavar-Rahmani told CNBC on Wednesday.  READ MORE: http://thewealthforums.com/2017/01/26/chinas-debt-stays-top-concern/

Qatar upping its Russian stakes

The UK’s Financial Times reports that Vladimir Putin, Russia’s president, said on Wednesday that the Qatar Investment Authority would participate in new oil extraction projects in the country, without elaborating further. Abdullah bin Mohammed Al Thani, the fund’s chief executive, said it would invest a further $2 billion on top of $500 million of existing investments in the country.  READ MORE:http://thewealthforums.com/2017/01/26/qatar-upping-russian-stakes/

 

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

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