Citigroup Inc. raised its growth forecast for China to 5% this year, as promising data helps build consensus around the nation’s ability to achieve its official government target. Retail sales and industrial production may improve, the economists wrote Wednesday, adding that the nation’s export contraction could also narrow after official...
Still from the set of "The Exorcist: Believer."Courtesy: Universal StudiosTake it on faith. The new "Exorcist" movie will draw big Hispanic audiences.Universal is seeing stronger-than-average Hispanic interest for "The Exorcist: Believer" as the movie heads into its opening weekend, according to people familiar with the matter. This fits a...
Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar)...
Milan has become a mecca for the wealthy, but the downside of that shift is starting to show. While rich new residents bring tax revenue and create jobs in the city, they’re also contributing to higher costs of living, widening the city’s gap with the rest of Italy. Housing prices...
An international investor recognises fintech as a transformative force in the global financial industry. After all, it is reshaping sectors from banking to insurance with digital innovations. An international investor also emphasises the importance of regulatory compliance in fintech. Differing financial regulations across countries can pose challenges to fintech...