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Daily Wealth Letter from The Wealth Forums – 22 April 2016

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Ian Brodie

Ian Brodie


A daily synopsis of wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)


NUMBER 196  FRIDAY,  APRIL 22, 2016

Arrest in Malaysian fund case

Singapore has arrested and filed criminal charges against a former employee of a Swiss private bank that is under scrutiny by Singaporean authorities for its relationship with Malaysian state investment fund 1MDB.  READ MORE: https://thewealthforums.com/2016/04/22/arrest-in-malaysian-fund-case/#more-3361

World calling time on Swiss watches

Swiss watch exports posted the biggest quarterly drop since 2009 as the industry faces declining demand across all its main markets.  READ MORE: https://thewealthforums.com/2016/04/22/world-calling-time-on-swiss-watches/#more-3358

Jet2 owner’s fortune soars

An increase of more than £200m in the estimated fortune of the founder of Leeds-based holiday airline Jet2.com is one of the most eye-catching features of the latest Yorkshire Rich List, which also features a new name at the top.  READ MORE: https://thewealthforums.com/2016/04/22/jet2-owners-fortune-soars/#more-3352

Australian fund holds more cash

Australia’s sovereign wealth fund increased the amount of cash it holds to almost one quarter of its A$117.4 billion ($91 billion) portfolio as it says global central banks have less firepower to respond to economic weakness.  READ MORE: https://thewealthforums.com/2016/04/22/australian-fund-holds-more-cash/#more-3348

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

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