AMBS Architects If the plan for a brand-new tower known as “The Bride” is completed as proposed by AMBS Architects, it will be the new tallest building in the world.  Set to rise in Iraq’s oil-rich Basra Province, the complex is actually made up of four conjoined towers, totaling 604 stories and 16.6 million square feet. They combine to […]

Bloomberg TV screenshot Compared to running a startup, being chief financial officer of Citigroup or president of the Bank of America’s wealth management division is a “breeze.” That’s according to Sallie Krawcheck, one of the most recognizable women on Wall Street, who held both of those positions. Krawcheck, who now runs Ellevate, a network for professional women spoke […]

BluePearl Photo by James Judge Ty the tiger before surgery at BluePearl Veterinary Partners specialty and emergency hospital in Clearwater, Fla., Wednesday. Tiger Veda Management, a so-called “Tiger Cub” hedge fund, is shutting down after 11 years, according to a memo sent to clients from the fund’s CEO. The fund will return 80% of the capital on […]

Prime Finance is Business Insider’s midday summary of the top stories of the past 24 hours.  Wall Street is back in action today after a quiet week due to Thanksgiving. The big news of the day is the International Monetary Fund officially designating the Chinese yuan a global reserve currency. In Brazil meanwhile, investment bank BTG Pactual has […]

AP Photo/Ng Han Guan Dancers perform during a Dalian Wanda Group event at a hotel in Beijing, China, Wednesday, June 19, 2013. The Chinese economy is either reaping the whirlwind and falling into a deep slump, or continuing a 35-year megaboom — depending on who you ask. The collapse of the country’s stock market this […]

Getty Britain’s government has raised the stamp duty tax rate on the country’s most expensive properties as well as slapping a foreign capital gains tax on home ownership over the last year — and now it looks like billionaires and millionaires have had enough.  They’re heading to New York City. According to a new Transatlantic […]