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China’s richest win with Trump effect

  Bloomberg Not even Donald Trump can put the brakes on China’s wealth-creation machine. The 36 Chinese billionaires on the Bloomberg Billionaires Index have increased their wealth by 13.2 percent since the real estate mogul was elected US president on Nov. 8, a $39.2 billion increase that’s pushed their combined net worth to $336 billion. The gains top those seen ...

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China to order steel, aluminum curbs to fight pollution

  Bloomberg China has ordered curbs on steel and aluminum output in as many as 28 northern cities during the winter heating season as it steps up its fight against pollution, according to people with knowledge of the matter. The cuts include halving steel capacity in four major cities, including top producer Tangshan in Hebei province, according to the people, ...

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London attracts super-rich even as Brexit concerns bite

  Bloomberg The super-rich will continue to flock to London, despite the political and economic concerns around the UK’s intention to leave the European Union, according to a report published on Wednesday by property broker Knight Frank LLP. The number of ultra-wealthy people living in the UK capital is expected to climb by 30 percent to 6,058 over the next ...

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