Mercer global assets under delegated management grows to more than $200bn

Mercer, a global consulting leader in advancing health, wealth and career and a wholly owned subsidiary of Marsh & McLennan Companies Tuesday announced its global assets under delegated management has reached approximately $213 billion. “Since its inception, our delegated solutions business has evolved to meet our clients’ needs, and the growth of this business reflects […]

Global demand for air travel up 7.2 percent in October after September weather disruptions

Global demand for air travel climbed 7.2 percent in October, rebounding after September was disrupted by hurricanes, the International Air Transport Association (IATA) said Monday. “As expected, the recent severe weather in the Americas region had only a temporary impact on the healthy travel demand we have seen this year,” Alexandre de Juniac, IATA’s CEO said. […]

Here are Goldman’s top trades for 2018

In 2018, Goldman Sachs Group Inc. is doubling down on the global economy. “Late-cycle optimism” is the chief theme underpinning the bank’s seven top trade theses, as outlined in a note Thursday by Francesco Garzarelli, co-head of global macro and markets. Goldman’s stance is far from “America First.” In risk assets, its strategists favour emerging markets; […]

The world’s richest oil moguls gain after Saudi crackdown

Saudi Arabian Crown Prince Mohammed bin Salman

Market reaction to Saudi Arabia’s stunning anti-corruption raid has been a boon to some billionaires and a curse to others. On the winning side are the world’s wealthiest oil tycoons. Crude prices rallied to a two-year high on Nov. 6 in the aftermath of the Saudi arrests, boosting the combined net worth of 21 oil […]

Central Banks can’t ignore the cryptocurrency boom

Crsyptocurrency Scams

When the cryptocurrency Exio Coin starts a round of fundraising on Sept. 7, its founders say the unit will come with a unique distinction: the first to be endorsed by a sovereign nation. The identity of the government backer won’t be revealed until October, and Bloomberg News has no way of verifying the claim of support. According […]

China warns against ‘trade war’ with US

Match photo illustrating China-US face-off

China warned Monday that nobody would win in a “trade war” with the United States as President Donald Trump prepared to launch an investigation into Chinese intellectual property practices. According to AFP’s report, Trump was due on Monday to sign a memorandum directing US Trade Representative Robert Lighthizer to determine whether any Chinese laws, policies […]