On 22 June 2015, Xavier Justo, a 48-year-old retired Swiss banker, walked towards the front door of his brand new boutique hotel on Koh Samui, a tropical Thai island. He had spent the past three years building the luxurious white-stone complex of chalets and apartments overlooking the shimmering sea and was almost ready to open…
Recently I was asked what advice Id give to financial planners and their clients to navigate the current environment. Having thought more about it, I thought Id share my battle plan. First we must acknowledge that asset prices across virtually every market are either at fair value or significantly over-valued. As US investor Jayme Wiggins…
The common statement of policy principles was adopted Monday on the opening day of the Democratic National Convention in Philadelphia. Here are its key points: The one percent Echoing a central message of the Clinton campaign — “stronger together” — the document’s preamble also makes a forceful case against wealth inequality and adopts phrasing used…
Prime Minister Najib Abdul Razak’s claim that 1MDB had contributed immensely to social welfare is a “farce” as it is funded by debt that is borne by taxpayers, Petaling Jaya Utara MP Tony Pua says. Najib yesterday praised 1MDB Foundation for donating RM10.4 million to sponsor 1,100 pilgrims to perform the Haj this year. In…
Lord Lucan was killed by his aristocrat friends and buried in Switzerland, it is claimed. The debt-ridden peer murdered his childrens nanny and attempted to kill his wife before being flown to a safe-haven by his gambling circle. The 7th Earl of Lucans associates, known as the Clermont Set, had sympathy with him due to…
FAIRFAX NZ Robert Han stabbed his son and daughter to death, along with their mother. Nicholas Han, four, and his little sister Christina, two, died on August 8, 1999 in Manukau. Their grandparents remember a smart, playful boy, and a girl who love to cuddle up in bed with them. Josh Fagan reports for the Faces…
[embedded content] Love him or loathe him, the Donald is the man of the moment. He defines himself as the archetypal businessman: a rags to riches American dream made real. His bluff, swagger, and unrestrained self-belief have taken him to the top of the political greasy pole. Donald J. Trump is one election away from…
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, July 22, 2016. Reuters/Staff/Remote World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use “all policy tools” to lift global growth. The signals helped…
If you want to understand how China is changing the world economy with international acquisitions mushrooming wherever you look, you might choose to look at chemicals, or engineering, or smart phones and e-commerce, or wind and solar power, but to be different, lets look at football. After all, in the lull between Portugal spluttering to…
ROCKFORD The owner of a Rockford amusement gaming company is suing a firm he did business with and the Illinois Gaming Board following his arrest on felony charges of possessing illegal gambling machines. Richard E. Grap was charged in May after gaming agents discovered as many as 40 gambling machines in a…