Comment & Analysis
Asia Wealth swings to first half loss due to exposure to weak yen
Asia Wealth Group Holdings Ltd on Thursday recorded a loss, blaming unrealised foreign exchange losses. The London-based wealth management business said its pretax loss for the six months ended August 31 was USD182,567 swinging from a profit of USD123,067 a year ago. According to chair Richard Cayne, "unrealised exchange losses…
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