Saudi Wants Family Offices to Help Build Americas Investment

Ties with Brazil are growing with two-way investments Abdulrahman Bakir helped lead tour of 100 delegates to region Before 2020, Saudi Arabian investment in Brazil was so small that it didn’t even appear in the central bank’s database for relevant foreign inflows....

Funds in Commercial Real Estate Warn of Stranded-Asset Shock

The increase is tied to recent passage of new green standards Half of fund managers surveyed say over 30% of assets stranded Fund managers overseeing commercial real estate say significant chunks of their portfolios hold assets that can now be considered stranded due...

China’s Copper Exports Hit a Record as Deflation Bites at Home

Chinese copper exports hit a record last month, as poor demand at home forced traders to seek markets overseas for their surplus. Exports of unwrought copper and products in May doubled from the previous year to nearly 150,000 tons, just topping the previous high...

US Retail Sales Barely Increase In Sign of Consumer Strain

Value of purchases rose 0.1% in May after downward revisions Households have costlier debt, delinquencies continue to rise US retail sales barely rose in May and prior months were revised lower, pointing to greater financial strain among consumers. The value of retail...

China and Britain Face an Exodus of Millionaires, Study Shows

UK could have 9,500 millionaires exit this year, report finds Wealthy are ‘voting with their feet,’ Henley & Partners says The UK is on track to lose 9,500 millionaires this year, more than any country in the world except China, according to a new report on the...

China Home-Price Slump Accelerates Despite More Stimulus

New-home values in May dropped the most in almost a decade Forceful efforts to support home sector haven’t revived demand China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive...