Wealth

The children of Asia’s elite are leaving home earlier than ever

by BLOOMBERG
Philip Tsuei was just 12 years old when his parents sent him 7,000 miles from home to attend middle school in the hills of western ...

Billionaire Schwartz finally lands an airline with WestJet

Onex agreed to pay cash for Canada’s 2nd-biggest carrier, and plans to take the company private in one of the buyout firm’s biggest deals
NEW YORK • ...

Wall Street loses RM104.3b as advisors flee

NEW YORK • Another day, another team of wealth advisors leaving a Wall Street bank.
Four UBS Group AG private bankers overseeing US$530 million ...

This Chinese developer reckons it can take on Tesla

Besides Tesla, Evergrande will come up against all the world’s major carmakers
By BLOOMBERG SHANGHAI • A Chinese developer known for its ...

Manhattan luxury meets Vietnam’s property market

While demand from overseas investors remains strong, the latest wave of buyers are Vietnam’s newly prosperous
HO CHI MINH CITY • The Grand Manhattan ...

Warren to propose universal childcare plan funded by US wealth tax

WASHINGTON • Democratic presidential candidate Elizabeth Warren (picture) is proposing a universal childcare plan that would limit American families’ ...

How a Belgian billionaire built a fortune with rich friends

NEW YORK • Albert Frere (picture) spent his life creating one of Europe’s largest fortunes. It’s also one of the continent’s most complex.
The ...

‘Nothing safer than cash’ — tech rout puts Silicon Valley on edge

However, the IPO market hasn’t shown any signs of cooling, raising RM67b against 2017’s total of RM54.5b
NEW YORK • Steve Hoffman grabs the mic and, ...

Amid Hong Kong’s riches, poverty isn’t receding

HONG KONG • The number of people living in poverty in Hong Kong hasn’t declined even with an increase in government assistance, the latest reminder of ...

Indonesian skills crunch cripples Jokowi’s path to wider wealth

Only 17% of the 127m Indonesians with jobs have finished high school, while less than 10% have a university degree
Jakarta • As Indonesia’s Joko Widodo ...

It will take Britain until 2099 to double wages

London • UK workers will have to wait until the end of the century to see real wages doubling if the current pace of pay growth continues, according to the ...

‘Work less’ is billionaire Maezawa’s secret behind SpaceX moon trip

Tokyo • Japanese billionaire Yusaku Maezawa said working less, not more, is the reason why he’s been able to build an US$8.4 billion (RM34.94 billion) ...