US
Middle East | 13 Oct 16
New UAE bankruptcy law ‘does not cover’ bounced cheques
Bouncing cheques will remain a criminal offence in the UAE despite indications that the region’s new bankruptcy law would remove the threat of jail, a senior Emirati lawyer has said.
Half of new billionaires in Asia but Europeans fare best
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn (£4.2trn, €4.6trn), according to a joint UBS Group and PwC report.
Investment | 5 Oct 16
BlackRock cuts ETF prices ahead of US RDR-style rules
BlackRock, the world’s biggest asset manager, is cutting prices across its core ETFs ahead of a new US rule that will require financial advisers to put clients’ best interests ahead of their own profits.
Tax & Regulation | 4 Oct 16
Former US broker charged with fraud over £3.2m mutual fund scam
The US Securities and Exchange Commission (SEC) has charged a former broker with running a fraudulent mutual fund scheme.
Investment | 29 Sep 16
ANALYSIS: Is a Trump presidency the best outcome for investors?
If Donald Trump gets elected to the US Presidency, this could turn out to be a blessing for the US economy, according to a US equity fund manager.