April 23, 2024
Finance

Meet Pakistan’s new Finance Minister Muhammad Aurangzeb, an ex-JPMorgan Banker

Pakistan’s newly elected Prime Minister Shehbaz Sharif picked a former banker from JPMorgan Chase & Co. as finance minister to help bolster the cash-strapped economy after a contentious election. Muhammad Aurangzeb, 59, was appointed to the position, the Finance Ministry confirmed in a post on X. He earlier stepped down as chief executive officer of

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Property

H&M billionaire Stefan Persson’s sprawling property in the English countryside: Ramsbury Estates rears cattle, has 100 cottages, and includes a pub, brewery and distillery – with tours on offer

Persson is currently the richest person in Sweden and the 116th richest in the world, with a net worth of US$16 billion, per the Bloomberg Billionaires Index. His father, Erling Persson, founded a women’s clothing store called Hennes in 1947, which later became Hennes & Mauritz (H&M). Stefan joined the company as head of UK

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Crypto

Cryptocurrency thrives in China against odds, report says » FINCHANNEL

Crypto enthusiasts in China are more willing to invest heavily in cryptocurrency than their counterparts in Vietnam, South Korea, Taiwan and Thailand. This is according to a December 2023 report by Vietnamese venture capital firm Kyros Ventures, with the assistance of 10 media agencies from China, Thailand, Korea, Taiwan and Vietnam. In the 5,268-participant survey,

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Funds

Japan ruling party lawmaker Ikeda arrested over slush fund scandal that has battered support for PM

The three have not commented on media reports about their involvement. Ikeda’s policy secretary, Kazuhiro Kakinuma, 45, was also arrested on Sunday. The two are accused of having failed to declare the money Ikeda received in political fundraising reports. In Japan, prosecutors question ruling LDP lawmakers over fundraising scandal Prosecutors decided to arrest the 57-year-old

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Finance

First Mover Advantage? Family Businesses and Sustainable Finance

[The content of this article has been produced by our advertising partner.] By Professor Veronique J.A. LAFON-VINAIS Associate Professor of Business Education, Department of FinanceHKUST Business School Family businesses include a wide range of businesses from small owner operations to large listed companies, which are significant contributors to the economies of Asia and the world. According

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Investment

Why silver and gold may still be the safest investment there is: high jewellery houses Van Cleef & Arpels and Tiffany & Co. embrace precious metals, as values surge in uncertain times

The prices of gold, silver and platinum may all be beginning to enjoy tailwinds due to weakening global economic growth, stabilising rate hikes, geopolitical tensions and growing industrial demand, according to the World Bank. In September, the bank’s precious metals index hit 146.6. “Wars remind us how connected all countries and markets are – the

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