Adani loses $13 billion in four days in worst wealth devastation last week

Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raised questions about some offshore investors. The news triggered a stockmarket rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than anyone else in the world, with his personal fortune tumbling by about […]

Read more

Gold seen holding its highly relevant asset class status in 2017

Gold-bullion-vault.jpg

There might be some concerns that US dollar strength may limit gold’s appeal, but the World Gold Council (WGC) believes that, on the contrary, gold remain highly relevant as a strategic portfolio component. It said in its 2017 outlook report that six major trends will support demand for gold throughout 2017 after investors around the […]

Read more