Adam Mielnik

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Air Canada Centre

FCA to scrutinise competition in £6.8 trillion asset management industry

The City watchdog wants to make sure investors aren't being ripped off through high costs and conflicts of interest<p>The UK financial watchdog has said it "may intervene" in the asset management industry if a new report finds there is not enough competition in the sector.<p>The Financial Conduct …

Global Drug Spending Will Reach $1.4 Trillion by 2020

Global spending on medicines is expected to grow as much as 32% over the next five years to hit $1.4 trillion in 2020, according to research released …

Affordable Care Act

Global Drug Spending To Hit $1.4 Trillion In 2020

By Bill Berkrot<p>(Reuters) - Global spending on medicines will reach $1.4 trillion in 2020, driven by increased healthcare access in emerging markets and high-priced new drugs for cancer and other diseases, according to a forecast by IMS Health released on Wednesday.<p>That is up from about $1.07 …

Biotechnology

China's consumers to spend $6.4 trillion by 2025

Talk about some deep pockets! China's consumers are projected to spend more than up to $6.4 trillion a year by 2025, according to a new report.<p>That's about a 70% increase from the $3.7 trillion that consumers in China spent last year, according to a study by think tank Demand Institute.<p>Overall, …

China

The US consumer has borrowed over $1 trillion for cars

Balances on auto loans grew 11 percent year-over-year, or $101 billion, in the third quarter, according to report this week from TransUnion, a credit reporting company. The total for auto loans is now $1.008 trillion. Nearly 75 million consumers have an open car loan account, 5 million more than …

Credit Cards