Richard Moir, The Wealth Forums CEO
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)
NUMBER 360 TUESDAY, DECEMBER 20, 2016
India’s PM attacked on demonetisation
In a direct attack on the Prime Minister, Congress vice president Rahul Gandhi has alleged that Narendra Modi visits the US and China “using” the aircraft of his wealthy “friends” and has “made fun” of 99 percent honest people through demonetisation. READ MORE: http://thewealthforums.com/
Islamic finance sector struggles
Global Islamic finance development, as measured by the Islamic Finance Development Indicator (IFDI) global average value, declined to 8.8 in 2016 from 9.9 in 2015, reflecting the poor performance of many nations due to aspects that are based on actual market practice, such as financial performance and corporate social responsibility, the fourth edition of the Islamic Finance Development Report revealed. READ MORE: http://thewealthforums.com/
China’s debt yields climb
China’s government bonds extended declines, pushing the 10-year yield to a 16-month high, on speculation policy makers’ efforts to clamp down on wealth-management products will exacerbate a debt sell-off, Bloomberg reports. READ MORE: http://thewealthforums.com/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.
