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3 mins read

India and China to drive new wealth creation globally, Asia to contribute 30% of new wealth, says BCG report

India is well positioned to be a driver of greater wealth, according to a global wealth report by B…

ANI   


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4 mins read

Could India host 200+ unicorns in next five years? Hurun index identifies 46 gazella and 106 cheetah startups

India's startup ecosystem is thriving with 67 unicorns as of 2024, with 152 startups poised to achi…

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2 mins read

At $110 billion, Indian diaspora diverted more wealth than any other to its home country in 2022

While this is undoubtedly an impressive figure, it probably comes as no surprise, considering that …

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2 mins read

The UAE is set to be the world's 'wealth magnet' this year, with 6,700 millionaires expected to move there

Millionaires are flocking to one place above all the rest this year: the UAE, a new report by wealt…

Kiera Fields   


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2 mins read

China's consumers aren't buying stuff, but it's not because they're broke

China's household deposits reached a record high of around 147 trillion yuan, or $20.2 trillion, at…

Huileng Tan   


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6 mins read

Top 25 richest people in India in 2024

India has the third highest number of billionaires in the world, behind the US and China. The count…

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1 min read

China's big market drop shouldn't lure investors, with the country facing a decade of slowing growth, Goldman Sachs wealth CIO says

"All our clients are asking us that question, given how cheap China appears," Sharmin Mossavar-Rahm…

Yuheng Zhan   


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2 mins read

China wants its nepo-baby and get-rich-quick influencers gone

China's biggest platforms announced a synchronized crackdown on "bad behavior" involving flaunting …

Matthew Loh   


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1 min read

One of China's biggest banks has banned analysts from writing bearish research and showing off their wealth

China International Capital Corp. also told employees to avoid wearing luxury brands or disclosing …

Jennifer Sor   


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1 min read

The global spike in luxury handbags, shoes, and clothing sales could be coming to an end due in part to China's 'luxury shaming,' study finds

Global sales growth for luxury goods is expected to slow this year, per a Bain & Compnay report. "L…

Jacob Zinkula   


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3 mins read

Putin is putting his bromance with Xi on full display — but China has reason to be wary

China's leader is facing growing pressure over his support for Russia's isolated president.

Tom Porter   


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2 mins read

How much wealth you need to be in the top 1% in countries around the world

Americans need a minimum of $5.8 million net worth to be in the top 1% of US wealth — less than hal…

Noah Sheidlower   


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1 min read

Elon Musk's wealth is down by almost $40 billion this year — and it's only March

Tesla's sagging share price has put a big dent in Elon Musk's net wealth, but he's still worth $189…

Polly Thompson   


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2 mins read

The rising de-dollarization trend is a risk to US stocks, Morgan Stanley wealth CIO says

Morgan Stanley's wealth CIO Lisa Shalett said investors should prepare for a "US dollar regime shif…

Yuheng Zhan   


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2 mins read

China's bubble tea explosion has minted half-a-dozen billionaires

Bubble tea is a sweet tea-based drink that typically comes with soft, chewy tapioca "bubbles" that …

Matthew Fox   


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2 mins read

Investors' wealth erodes by ₹8.50 lakh crore as markets tumble

Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack…

PTI   


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2 mins read

Elon Musk is $36 billion richer since returning from his triumphant China trip

The Tesla CEO has gained around $36 billion in net worth over the last week, according to Bloomberg…

Tom Carter   


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1 min read

China is the only major economy dealing with deflation

Beijing is staring down negative consumer prices as well as a real estate meltdown, uber-bearish in…

Phil Rosen   


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2 mins read

Fitch's negative outlook for China is more bad news for its stalling economy

Beijing is battling deflation and an ongoing property-market crisis that the ratings agency says is…

George Glover   


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6 mins read

Hurun India Rich List: Birla and Bajaj back in the top ten with Ambani on top in 2023

A lot has changed in the last one year, but there are few surprises in the 360 ONE Wealth Hurun Ind…