Economy

New Report says Millionaires will Control Fifty Two Percent of World’s Wealth by 2020

New Report says Millionaires will Control Fifty Two Percent of World’s Wealth by 2020

A new report released on Tuesday states that millionaires will have control greater than half of the total wealth in the world by 2020.

Australia to Auction Confiscated Bitcoins in Sydney

Australia to Auction Confiscated Bitcoins in Sydney

According to an official, in June, approximately $13 million worth digital currency, bitcoins will be auctioned in Sydney as proceeds of crime, which the Australian police confiscated.

Bill English indicates tax cut is possible for middle income earners

Bill English indicates tax cut is possible for middle income earners

Finance Minister Bill English has indicated that he might consider cutting taxes for middle income earners during the year 2017.

UAE changes methodology to calculate key interest rate

The authorities in the United Arab Emirates have changed methodology to calculate a key interest rate in order to better reflect funding costs for banks in the economy.

The Senate Blocks Stricter Regulations on Retirement Saving Advice from Financial Professionals

On Tuesday, a measure was passed by the Senate which was aimed at stopping a regulation by the Department of Labor which critics worry will work as a barrier for the low and middle income Americans from looking for retirement advice from financial professionals.

Corporate America’s Cash Pile Grows to $1.7 Trillion

Corporate America's cash pile is growing with the nonfinancial businesses in the United States holding $1.7 trillion in cash at present. Greater than one third of the amount is in the hands of only five companies say a report released by Moody's Investors Service on Friday.

Pages

Popular Stories