Bing Li, Head of Asia Pacific at Bloomberg, says there are multiple factors why countries are actively courting wealthy families to set up family offices in their jurisdictions. He also expects these countries’ competitiveness to intensify.

TORONTO, Oct 3 Reuters The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada and increase investor appetite for risk, a Reuters poll found. Canada39;s loonie has rallied by 3.3 since hitting a near twoyear low of 1.3946 per […]

Fed39;s rate cuts and global central banks39; actions impact dollar39;s performance Economic data and U.S. presidential election add uncertainty to dollar39;s outlook Investors eye currencies like yen, krone, and real for potential gains Yen has rallied from 2024 lows as central bank policies diverge Stillstrong U.S. economy could limit how much the Fed cuts rates […]

STOXX 600 down 0.8 SAP falls after U.S. prosecutors broadening probe Euro Zone business activity down 49.6 in Sept Oct 3 Reuters European shares declined on Thursday, weighed down by German technology firm SAP, while investors parsed through key inflation data for the bloc and its major economies. The benchmark panEuropean STOXX 600 lost 0.8 at […]

FTSE 100 up 0.3, FTSE 250 adds 0.2 Oct 3 Reuters The UK39;s benchmark FTSE 100 opened higher on Thursday, supported by a rise in energy shares, while Britain39;s biggest supermarket group Tesco climbed on raising its annual profit forecast. The bluechip FTSE 100 index was up 0.3 by 0708 GMT, while the midcap index FTSE […]

BENGALURUJOHANNESBURG, Oct 3 Reuters Most emerging market currencies are set to trade in tight ranges or pare some of the yeartodate gains in the next three months after the U.S. Federal Reserve curbed expectations for aggressive rate cuts, according to a Reuters poll. After enduring significant losses last year and in the first half of […]

MUMBAI, Oct 3 Reuters The Indian rupee declined on Thursday, just shy of an alltime low, pressured by prospects that the Federal Reserve was not likely to be in a rush to cut interest rates and concerns over the impact of escalating Middle East tensions on oil prices. The rupee was quoted at 83.9375 to […]

Price pressures may not fade as fast as expected Fed39;s Barkin US private payrolls beat expectations in September Israel strikes heart of Beirut Silver, platinum down over 1 Oct 3 Reuters Gold prices declined on Thursday as recent economic data tempered expectations of an aggressive U.S. rate cut in November, while investors turned their attention […]

Oct 3 Reuters Sterling was on track on Thursday for its biggest daily fall in almost two years versus the euro and in six months against the dollar as investors shifted to safehaven assets and Bank of England Governor Andrew Bailey hinted at faster policy easing. The BoE could become a bit more activist on […]

Wei Li, Global Chief Investment Strategist at BlackRock, discusses the role demographics plays in investing and why it may be the most important megatrend.