March 27th, 2014
Dubai banker bonuses boost art investment
The art investment sector is expected to become increasingly fuelled by money from the Middle East. The direct correlation has been proven this month, as Dubai’s recovering banks have issued a new wave of bonuses to employees, which in turn has boosted sales of art. The
The industry’s big earners are traditionally “prolific buyers” of the asset, notes The National, reporting on the launch of the new Art Dubai show.
“There is a direct correlation. If people are feeling the pinch, art is one of …
March 13th, 2014
Precious metals enjoy “solid gains” in 2014
Gold and silver have enjoyed “solid gains” in 2014, as concerns over the Ukraine crisis boost values. Together with an unexpected drop in exports from China, the uncertainty fuelled demand from investors for safe haven assets, which in turn drove up prices.
Gold futures settled Tuesday at $1,346.50 a troy ounce, 12 per cent higher than one year ago and leading some to speculate a potential rise to $1,390. The last time gold closed above $1,350 before March was in October 2013.
March 6th, 2014
FCA wins case against Capital Alternatives
The UK High Court ruled in favour of the Financial Conduct Authority in a case against investment schemes operated by Capital Alternatives.
The court decided that the opportunities, which ranged from rice farm harvests to carbon credits, were collective investment schemes, which were unlawfully operated by the defendants without authorisation from the FCA.
“Collective investment schemes can be a risky investment so only authorised firms and individuals can operate or promote them. This is to …