North America reclaimed the top spot with the most millionaires last year, beating Asia as the world’s ultra-rich pushed global wealth to a record high, according to a report by Cap Gemini SA and Royal Bank of Canada.
Cap Gemini SA, a French competitor to International Business Machines Corp., forecast that demand for computer services will pick up in the second quarter after bookings improved in February and March.
Cap Gemini SA , Europe’s largest computer-services company, said full-year profit rose 57 percent on stronger technology demand, beating analysts’ estimates. The company’s shares had their biggest gain in almost seven months.
Cap Gemini SA and Intel Corp . will offer a home energy-management system to consumers and utilities as the French and U.S. partners seek to beat rivals onto the market for power-saving upgrades to electric grids.
Metals and energy sank, sending a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in materials. The Standard & Poor’s 500 Index fell from a record as retail sales and consumer confidence slid.