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Surveys indicating a historic shift away from drinking, steep declines in alcohol sales, and falling drinking rates among young people have all fed a debate in recent years about whether drinking might be in long-term decline, especially in the key U.S. market. Possible drivers include a trend towards healthier lifestyles.
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News and Media
Markets anticipate a US Federal Reserve rate cut next week, with equities and bonds showing enthusiasm. Gold and oil are seen as attractive investments due to supportive fundamentals and global economic momentum. Currency movements, particularly the yen and rupee, will significantly influence equity market performance, with stability crucial for new highs.
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News and Media
Market expert Sunil Subramaniam anticipates a quiet December for equities. He believes a significant recovery is unlikely this month, with a positive bias expected. Foreign institutional investors are booking profits and taking vacations. Domestic institutional investors are building cash. A potential RBI rate cut could offer a brief trigger.
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News and Media
PIA Privatisation: Pakistan plans to sell its national airline, PIA, through a live bidding process on December 23. This privatization is a key part of the country's IMF bailout program. The government aims to improve PIA's financial health and global standing. This sale represents a significant privatization effort for Pakistan after nearly two decades. The process is moving forward with transparency.
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News and Media
Macron has sought to pressure Xi to help secure a ceasefire in Ukraine, as the war with Russia drags into a fourth winter. China regularly calls for peace talks and respect for the territorial integrity of all countries, but has never condemned Russia for its 2022 invasion.
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News and Media