Concerns that we are in a “lost decade” for global wealth growth have been given further credence by the latest “Global Wealth Report”. In 2000, the top 1 percent owned 49.6 percent of all household wealth, dropping to 45.4 percent in 2009. This figure has since clambered back up to reach 50.8 percent in 2016. Source: CNBC
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Italy’s plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. Source Reuters
Five companies default in Jan-Feb brings total bankrupt E&Ps to 119. Five oil and gas companies have gone bankrupt in the first two months of this year, according to the most recent edition of Haynes and Boone’s Oil Patch Bankruptcy Monitor. Currently 119 E&P companies have entered bankruptcy since the beginning of 2015. Source Oil & Gas 360
The anti-immigrant Sweden Democrats have overtaken the center-right Moderates and are the second most popular party in the Nordic country, polls showed this week. The party got 19.2 percent support in a poll published on Thursday by Novus for Swedish Television. Source: Reuters