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EUROPEAN WEALTH EXODUS
Squeeze the super rich? Flight of 'Lakshmi' is the riskBillionaire Lakshmi Mittal's move from the UK to Switzerland and Dubai signals a broader European challenge in taxing the super-rich. His d...- Billionaire Lakshmi Mittal quits UK for Switzerland, Dubai ahead of proposed taxes on super-richSteel magnate Lakshmi Mittal is leaving the UK for Switzerland and Dubai, citing concerns over the Labour government's tax reforms, particu...
- Elon Musk’s Tesla expected to report sales decline in Q1 report amid fall in vehicle deliveriesTesla is expected to report a drop in vehicle deliveries for Q1, with analysts predicting a decline of up to 12 per cent. The company faces...
- Battle for the global elite: Paris and London’s wealth loss is Dubai’s gainParis is facing a talent exodus as rising taxes push wealthy individuals and businesses to Dubai and Switzerland. While Paris benefited pos...
- MFs cut weight on technology stocks by 170 bps in just 3 months. What are cues for investors?In May, several MFs reduced tech stock weights by 0.1%-0.9%, with HSBC making the highest cut at 0.9%. HDFC MF, Mirae, and Franklin Templet...
- JPMorgan CEO Jamie Dimon says regulators are likely to overreact to banking turmoil“I think it's going to get worse for banks -- more regulations, more rules, and more requirements,’’ JPMorgan Chase & Co.’s chief executive...
- Banking stocks slide as global investors seek safer shoresBanking stocks, including those of Deutsche Bank, dropped amidst concerns that regulators and central banks have not tackled the worst shoc...
- Credit Suisse's ex-top backer fully cuts ties after 2 decadesCredit Suisse has been escalating efforts to win back clients and stem an exodus of senior staff that's dealt a blow to its wealth business...
- Emerging markets face risk of policy error amid conflicting prioritiesIn India, year-on-year growth more than halved to 6.3% in the latest quarter even as consumer-price growth remained above policymakers’ upp...
- Twilight of entrepreneurs in China as more leave the countryIt has been a rough year for their company. A deal to sell a controlling stake to the Blackstone Group in New York fell apart when regulato...
- More turmoil ahead! This may just be beginning of market upheavalWith a sharp and widespread economic slowdown looming over the horizon, here’s a guide on how to prepare based on conversations and notes b...
- ET Suits and Sayings: Wackiest whispers in corporate corridorsThe royal family of Abu Dhabi even hosted a gala for Ambani and his key aides in the region, including the managing director of the petroch...
- Follow the millionaires: Why exodus of the wealthiest should worry IndiaNo country in the world gains by losing its wealthiest residents.
- 23,000 dollar-millionaires have left India since 2014Nearly 23,000 dollar-millionaires have left the country since 2014, with 7,000 leaving in 2017 alone, taking India to the top of the exodus...
- Millionaires from across the world are migrating to Australia! Here's whyHere's a look at the most favoured countries for millionaires, based on a 2016 report on global wealth migration trends.
- 50% more HNIs left India in 2016 versus previous yearThe report pointed out that around 82,000 HNI’s, defined as those who have assets over $1 million, left their home countries last year, ver...
- Why global banks are opting out of India or streamlining their businessesBankers say this pullout from India is an indication of the demise of global banking as we knew it at the turn of the century.
- Indians' average wealth soars 400% in 2005-15: ReportThe average European citizen is currently worth around $86,000. During the past 10 years (2005 - 2015) this figure has declined by 5 per ce...
- Multinational foreign banks exiting India to protect profitabilityBankers say this pullout from India is an indication of the demise of global banking as we knew it at the turn of the century.
- Markets turn choppy again: Top 20 trading betsThe S&P BSE Sensex was down over 150 points after rallying as much as 111 points in intraday trade.
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