Author: Aaron
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Woman takes helm of China’s forex office
China has appointed a woman as the new director of the State Administration of Foreign Exchange (SAFE), a government source said Monday. Hu Xiaolian, a central banker and formerly the assistant governor of the People’s Bank of China, will take over from Guo Shuqing, who became chairman of the China Construction Bank last week. Guo…
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A New Way to Mine Gold
Investors have always been able to buy gold-mining stocks or the metal itself. Now exchange trade funds are reducing the risks and hassles Gold has regained some of its luster over the past few years. Since hitting a low of about $256 per ounce in early April, 2001, the price of the yellow metal climbed…
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Worldwide ETF assets $313.6B in Feb.
Global assets trading volume up nearly 20% YTD – report BOSTON – There were 348 exchange-traded funds at the end February with assets of $313.6 billion trading on 31 global exchanges, according to new research released Tuesday by Morgan Stanley. Year to date, worldwide ETF assets under management increased 1.7 percent, while average daily trading…
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The untold positive story about Malaysia
The following is the text of the speech by Prime Minister and Minister of Finance. IT is always an honour and a privilege to speak before such an important audience as is gathered here today. As investors, fund managers and market analysts, you are all thought to be leaders and opinion-shapers who greatly influence investment…
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UDC launches its new harbour-side homes
United Development Company (UDC), the promoter of the freehold West Porto Drive towers around Porto Arabia, the main marina of The Pearl-Qatar, has released the second wave of harbour-side homes in ten, 20-storey towers. The towers overlook Porto Arabia, which will be an international yachting hub with berthing for 400 vessels, and the 2.5 kilometre…
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Offshore accounts: No longer an easy option
I’ve spent a lot of time in Switzerland over the years, including two semesters of college. But not much in recent times, when most of my travel and living has been in less developed countries. I did, however, log a few days in Zurich before Christmas to renew some old acquaintances. Some readers may remember…
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Add up the advantages of not wasting on tax
PAYING taxes, like death, is one of life’s more unpleasant certainties. No one likes to see their hard-earned cash lining the Treasury’s coffers. But while death is unavoidable, paying too much tax is something we can laugh in the face of. Nationally, £5.66bn in wasted tax is set to wing its way into the Chancellor’s…