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If you want to live in a city with a superb quality of life, you might be wise to steer clear of Asia altogether. While Singapore has overtaken Tokyo to become top Asian contender on the list, it doesn't say a huge amount that the city-state managed to bag just 25th place, with Tokyo trailing at 47 and Hong Kong languishing at 71 in Mercer's global ranking of 231 cities. Topping the list of is Vienna, while Sydney, Auckland and Vancouver are the only non-European countries in the top 10. Time to pack your bags? —Kristine Servando and Alex Millson
A firm owned by the family of Jared Kushner, Donald Trump's son-in-law and senior adviser, stands to receive $400 million from Beijing-based Anbang Insurance Group, which is investing in the family's marquee tower in Manhattan. The planned $4 billion transaction includes terms that some real estate experts consider unusually favorable for the Kushners, while Anbang's murky links to the Chinese power structure have raised national security concerns over its U.S. investments.
You can kiss your lavish credit card perks goodbye. Australians used to racking up enough reward points to finance their holidays abroad could soon have to open up their wallets. A new cap on credit card transaction fees coming in July means lower profits for card companies, some of whom are already axing their higher-points earning cards.
This millennial stock guru raised by Chinese bankers wouldn't risk a penny of her clients' money buying shares in China's banks. Baijing Yu says growing up in her household only reinforced her view that the sector is un-investible. The snub is a bold move, but it's paid off. The fund she co-manages has returned an annualized 22 percent over the past three years.
Brexit is on. Britain's Parliament passed a bill on Monday allowing Prime Minister Theresa May to trigger Article 50, which will lead to two years of exit talks with the European Union. The prime minister now faces the twin challenge of pulling Britain out of the EU on good terms while navigating Scotland’s renewed bid for independence.
Unloved shares are the hottest thing in Hong Kong this year. Underdog stocks, with the lowest ratings from analysts, have driven Hong Kong's Asia-beating surge this year. While it's frustrating for stock strategists and the investors who follow their advice, it reflects a pivot in the market’s focus as China’s economic recovery solidifies.
Investors are betting against Trump's trade war. The unpredictable novice in the White House is making emerging markets seem less dangerous by comparison, say strategists like Goldman Sachs’s Kamakshya Trivedi. With economies in the strongest position they’ve been in years to withstand higher U.S. interest rates, investors are counting on developing countries to keep offering big returns, and they’re skeptical Trump will deliver enough of his protectionist agenda to stand in their way.
There's one watch James Bond won't wear. Daniel Craig values the watch he wore in the opening sequence of Casino Royale so much that he won't even slip it onto his wrist. “It never leaves the safe in my closet. Which is maybe a bit sad, but I’m so desperately scared of losing it,” Craig says of his Omega Seamaster Planet Ocean 600m Co-Axial chronometer, worn on his first stint as 007.
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