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Beijing towers over China’s next $9bn IPO

China Tower Corp’s Hong Kong IPO looks like a pretty straightforward affair. The business is about as vanilla as it gets: The company builds and runs towers on which telecom operators hang their transmission equipment. It collects rent in return. No need to wrestle with GMV, MAU or ARPU. There’s a reason why fund managers and index compilers treat global ...

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2014 had great GDP quarter, too. It did not last

The recent strong second-quarter gross domestic product report brings up the question of whether it can be sustained in a way it wasn’t the last time GDP growth was this robust four years ago. The economy in 2014 had some things going for it that the current economy lacks — a federal funds rate firmly anchored at zero and an ...

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RBI all set to raise interest rates to stem capital flows

Bloomberg India’s central bank is on course to raise interest rates for a second consecutive policy meeting as it takes more decisive steps to rein in inflation and stem capital outflows. With inflation running well above the central bank’s medium-term target of 4 percent — and the outlook set to worsen as oil prices stay elevated and the currency slides ...

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