Daily Management Review
Business & Finance

Large European banks are uptight about working with Iran

International sanctions on Iran began to take off, so many foreign companies are showing growing interest to work with Iran. Yet, some of Europe’s largest banks are still in no hurry to establish contacts with this country. Those are institutions, which in recent years have undergone heavy fines...

As Markets Eye Saudi Reshuffle, Oil Jumps on Canada Wildfire Outages

The raging huge wildfire in Cana has contributed to a significant tightening of markets over the past weeks as Canada's oil sand region knocked out over a million barrels in daily production capacity resulting in a jump of the oil prices on Monday.   With almost all of Canada's crude from...

Heyday of Tesla threatens the platinum market

Elon Musk’s plans for development of the automotive industry promise a swipe at another commodity market - the platinum market. Threat of oil is not very big, yet demand for platinum could fall significantly. And it's not only about increase in popularity of Teslas. Virtually, every automaker is...

Apple's Tim Cook will Meet Chinese Government Officials in his Soon to be Made Visit to the Country

At a time when it is facing some setbacks in its most important overseas market, Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, reports news agency Reuters quoting a source familiar with the matter.   Even though Cook has...

Goldman's new role of retailer

Just recently, Goldman Sachs has been accused of ignoring, and sometimes a frankly scornful attitude to ordinary citizens. One of the world's largest investment banks was not eager to attract retail deposits, since it would have to comply with burdensome regulation then. In recent years, the bank...

Shell Sends An Exit Notice To Petro Matad

The Company of Petro Matad will no longer be supported by its partners. During the production of “Block IV and V”, Petro Matad lost its contracts sharing partners, in the western and central part of Mongolia on Friday, the 29th April 2016.   The Company of Petro Matad trades into AIM,...

Lockheed Martin and Boeing are ready to get US military armed

Even before President Obama announced the US military expansion in Syria, Pentagon's campaign against ISIS militant group in Iraq and Syria forced analysts to believe that resupply of ammunition would require additional several billion dollars. "In a sense, we are now going through what has already...

Worst Week since 2013 for Apple’s Stocks

After influential shareholder Carl Icahn revealed that he had sold his entire stake in the company and as following extensive worries festered about a slowdown in iPhone sales, Apple Inc on Friday ended its worst week on the stock market since 2013.   There was a drop of 11 percent in the...

Exxon's profit fell by 63%, Chevron received a loss

The world's largest oil company Exxon Mobil Corp in I quarter of 2016 had the lowest profit since 1999. Chevron Corp., second in terms of capitalization and revenues US oil company, in January-March recorded a net loss the second quarter in a row. Exxon Mobil had the lowest profit since 1999 due to...

U.S. Steel Accusations Groundless, China's Baosteel Group Says

China's Baosteel Group rubbished as being groundless the allegations that included by allegations of having stolen commercial secrets that were leveled by U.S. Steel Corp against the company and the Chinese company vowed to protect its legal rights.   U.S. Steel launched a campaign this week...
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