Swiss bank Banque Pictet has acknowledged its involvement in a conspiracy with US taxpayers to conceal over $5.6 billion from the Internal Revenue Service (IRS).
High-net worth individuals
Justin Bieber Performs at Indian Billionaire’s Pre-Wedding Event for Whopping $10 Million
Justin Bieber earned $10 million for a private performance at an Ambani-Merchant's pre-wedding party in India.
David Yong: Who Is This Singaporean Multi-Millionaire Featured in Netflix’s ‘Super Rich in Korea'?
The million-dollar question remains: who is David Yong, and why is he super rich? (Photo : Screenshot from YouTube | David Yong) Singaporean businessman David Yong appeared in the Netflix series Super Rich In Korea, and his entrance was rather bold.
Tim Cook Gets $16 Million After Selling Roughly 200,000 Apple Shares
Tim Cook sold 196,410 Apple shares this week, according to an SEC filing. Apple CEO Tim Cook sold 196,410 shares of the company's stock this week, a United States Securities and Exchange Commission (SEC) filing revealed, as reported by MacRumors.
Joe Lewis: British Billionaire Who Admitted to US Insider Trading Argues He Shouldn’t Go to Jail
British billionaire Joe Lewis pled guilty to insider trading and sought supervised release for three years and a $5 million punishment instead of jail time.
Latest News
The Austin base of Kendra Scott had grown into a powerhouse brand. A new investment was made but they did not disclosed how much was the investment.
The latest Motilal Oswal study stated that focused investing will fetch higher returns than spreading investments over a larger number of stocks. The study also reported on the key factors in getting higher returns, as well as the mistakes investors must avoid.
Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ringtones.
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading for manipulating castor seed futures. National Commodity & Derivatives Exchange (NCDEX) is also enhancing and strengthening surveillance system for commodity exchanges in the country.
Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose.
Usher and Robert Downey Jr. join a list of investors to help fund online learning platform MasterClass in its Series B round. In total, the round raised $15 million as the company plan to further expand its area of subjects as well as adding new instructors.
Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.
It was confirmed on Monday that Israeli company Ravello was acquired by Oracle for $500 million. Ravello joins Oracle's cloud business with high hopes to take on giant tech companies like IBM, Google, Microsoft, and Amazon.
Asian stocks rebounded on Monday ahead of G20 Finance Ministers meeting, which is scheduled on this weekend. Investors are positively looking to reassurances about global economy growth.
