According to the latest earnings of Japan Post Holdings released last month, the banking and insurance units are forecast to post a drop of 23% and 13% in revenue for the fiscal year to March respectively.
“No one can argue that you should spend all your money today, but equally, no-one can argue that you shouldn’t spend any.
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"In late 2019, TAL announced a new structure to better reflect the evolving shape and size of the Australian life insurance market and the recent integration of the Asteron Life business," the spokesperson said.
As Mark Twain said, “history doesn’t repeat itself but it often rhymes”, and the extreme shock the market is currently exposed to is more akin to what happened after 9/11.
This very reaction, while there to protect us, can cause all sorts of havoc when there is a sense of uncertainty and conflicting information around us.
Despite the trade war, China added 182 new faces to hit 799 billionaires in Hurun’s latest rich list, three times the number of new faces in the US – but how much of that wealth will stay in the country?