India’s central bank governor cheers ‘goldilocks’ economy

The FT News Briefing for December 18th covers several key business and economic stories. BP's CEO is stepping down, with Meg O'Neill set to take over in April. The Reserve Bank of India's governor claims India has achieved a "Goldilocks economy" due to falling inflation and strong economic growth, even after loosening monetary policy. Global companies like Starbucks and Burger King are turning to private equity to help navigate the competitive Chinese market. Additionally, the European Central Bank is expected to hold interest rates steady, while the Bank of England might cut rates following a drop in the UK's consumer price index. Finally, Warner Brothers' board is urging investors to reject Paramount's takeover bid, favoring a deal with Netflix.