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Mena wealth grows by over $2.2trn since 2000Total wealth in the Mena region grew by $2.221 trillion or 156 per cent since 2000, above the global average of 140 per cent, according to Credit Suisse Research Institute’s 2017 Global Wealth Report. In the next five years More… |
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Global economy likely to see sustained growth in 2018World economy is likely to see sustained solid growth with the global GDP growth accelerating slightly to a pace of 3.8 per cent, even as monetary policy becomes less accommodative, said Credit Suisse in its Investment Outlook 2018. More… |
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Credit Suisse reaches settlement with NY State DepartmentCredit Suisse has announced that it has reached a settlement with the New York Department of Financial Services (DFS) related to the conduct of its foreign exchange (FX) rates business. The agreement with the D More… |
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Global wealth 27pc higher than a decade agoTen years from the onset of the global financial crisis, global wealth has grown by 27 per cent, according to Credit Suisse Research Institute’s 2017 Global Wealth Report. In the 12 months to mid-2017, global wealth grew at More… |
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EM consumer confidence improves in 2017Consumer confidence across a core group of emerging markets has improved from a year ago as the global economic outlook has brightened, local stock markets have risen and pressure has eased on countries sensitive to commodity prices, a report sa More… |
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Middle East equity markets post solid growth in Q4Middle East markets have enjoyed an impressive rally since September 8, with the region gaining 17 per cent in the fourth quarter, stated a Swiss financial expert. The key driver for this was the strong recovery in both risk appet More… |
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Frontier markets ‘offer diversification benefits’While frontier markets are still the most under-represented asset-class in both global bonds and equities, they offer investors the potential to increase risk-adjusted returns through diversification benefits, said an industry expert. More… |
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Frontier markets ‘offer diversification benefits’While frontier markets are still the most under-represented asset-class in both global bonds and equities, they offer investors the potential to increase risk-adjusted returns through diversification benefits, said an industry expert. More… |
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Saudi consumer sentiment strong despite low oil pricesDespite the free fall in oil prices in 2015, Saudi Arabia’s consumer appetite for spending remains strong, with most Saudis envisaging an increase in their spending on general discretionary products, a report said. The consu More… |
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Credit Suisse to axe 2,000 more jobsA slump in investment banking revenues pushed Credit Suisse to accelerate its cost-cutting plan as chief executive Tidjane Thiam admitted he had been unaware of trading positions that triggered more big writedowns in the first quarter. More… |
