China set a 7.5 percent target for economic growth in 2014, a pace that may make it more difficult to achieve the leadership’s goals of curbing credit risks and stemming the pollution choking the nation’s biggest cities.
The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.
Two things explain why the biggest gains in the U.S. stock market this year are coming from companies without profits, according to Jeff Mortimer of BNY Mellon Wealth Management: Greed, and fear of missing out.
Venezuelan dollar bonds rallied the most in emerging markets after the country moved to allow for more dollar sales and amid optimism there will be a political fix to end protests that have left at least nine people dead.
Kazakhstan’s currency devaluation has made Halyk Savings Bank attractive after its slide to a three-month low, according to Coeli Asset Management, which is starting a frontier equities fund next month.
The U.S. wants a robust discussion of global economic imbalances during Group of 20 talks in Australia next week, according to a Treasury Department official who said some countries are reverting to a pre-crisis strategy of using exports to boost growth.