Daily Management Review
Business & Finance

Bond Market turns bearish thanks to Computer Driven Hedge Funds

The European Central Bank recently had announced their quantitative easing program in January following the quick sell of bond holdings around late April. The European Bank having gobbled up Eurozone, there have been primary speculations of another group of investors having dumped the same and thus...

Christie's Weekly Sales Exceeded $ 1 Billion for the First Time

Auction houses Christie's, Sotheby's and Phillips have sold art objects for a record $ 2.7 billion in just one week and a half of spring auctions in New York, which began on May 5. As recalled by the agency Bloomberg, the previous record was set in November, when sales of Impressionist, modern art,...

Uber to Become the Most Expensive Startup

American Uber Technologies, which owns popular taxi service, is going to attract investment of $ 1.5 billion. This can bring the company to the title of most expensive startups in the IT-sphere. Now the place belongs to China's Xiaomi. Uber’s cost could rise to $ 50 billion, writes the news agency...

Honda to recall vehicles with faulty airbags by Takata

The largest vehicle recall in the history is underway, thanks to faulty Takata airbags Japanese automobile giant Honda Motor has recalled another 4.89 million vehicles world-wide with potentially faulty air bags made by its supplier Takata Corp.   Honda is only the third of Japanese...

Walmart China approves alibaba mobile payments

Walmart has partnered with its rival Alibaba to facilitate the growth of the latter's mobile payment service in China. Chinese online retailer Alibaba and US-based department store chain Walmart have announced a partnership to allow Walmart customers in China to make store purchases using...

FTC urges Michigan to revoke Tesla ban

Pressure mounts on Michigan to allow Tesla its presence in the state. Federal Trade Commission in the US has strongly demanded the state legislature of Michigan to consider revoking the ban on electric car maker Tesla Motors.   The letter sent to Michigan state senator by the FTC members has...

Bill Gates: Sell the Dollar, Buy the Yuan

As the founder of Microsoft, Bill Gates, put it, if you choose between the dollar and the yuan, the priority is given to the Chinese currency. In an interview with CNBC, he said that he is pursued by distrust of the Fed's monetary policy. "I love dollars, but would make my bet on the yuan," - said...

RepRisk – A Boon For Business Pioneers

"RepRisk stays focused on giving business knowledge that help business pioneers and financial specialists settle on more educated choices on ESG issues." SASB is a US-based 501(c)3 non-profit organisation that creates and issues industry-specific supportability bookkeeping measures. RepRisk...

Mitsubishi Electric Corporation donates Yen 5 Million to Nepal

So as to assist rehabilitation work in Nepal, Mitsubishi Electric Corporation has donated five million yen for this purpose wishing the State and its survivors a speedy recovery. So as to assist the rehabilitation work in Nepal as well as support the victims and aid recovery efforts following the...

iPhone Presses Android in China and Europe

Nearly 33 percent of new Apple smartphone users in five major European countries in terms of population (after Russia) - Great Britain, Germany, France, Italy and Spain - are former owners of Android-devices, according to the study Kantar Worldpanel ComTech for the first quarter of this year. The...
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