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 […]

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Gold seen holding its highly relevant asset class status in 2017


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 […]

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