Daily Management Review

DMR

Don't Miss

Surge In Hybrid Car Sales Boosts Platinum Group Metals Demand Amidst Slowing EV Growth 09/10/2024

Panasonic And Tata Motors End Olympic Sponsorships: Implications For Future Business Strategies 09/11/2024

US House Targets Chinese Biotech Firms: Escalating Tensions Amid Ongoing Trade War And Security Concerns 09/11/2024

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Economics

Gold Surges To Record High As Dollar Weakens: Implications Of U.S. Fed's Potential Rate Cut

The U.S. dollar slid against the yen on Friday, while gold prices reached an all-time high as speculation intensified around a potential super-sized interest rate cut by the U.S. Federal Reserve. As investors brace for the Federal Reserve’s meeting next week, the relationship between the dollar and...

UK regulator postpones Basel 3.1 standards until 2026

The British Prudential Regulation Authority (PRA) has delayed the introduction of Basel 3.1 standards for banks, building societies, investment companies, and financial holding companies until January 1, 2026, for a period of six months. The PRA mentioned a four-year transition period ending on...

European Central Bank’s Rate Cuts Signal Wider Impact On European Banking Industry

The European Central Bank (ECB) reduced its interest rates once again on Thursday, signalling its ongoing efforts to combat slowing inflation and economic growth. While this move was widely anticipated, the ECB offered no clear indications regarding its next steps, leaving investors to speculate...

US House Targets Chinese Biotech Firms: Escalating Tensions Amid Ongoing Trade War And Security Concerns

The US House of Representatives passed the Biosecure Act on Monday, a bill aimed at restricting business with several Chinese biotech companies, including WuXi AppTec, BGI, and other firms, citing national security concerns. This move comes as US-China relations continue to deteriorate, strained by...

BMW worsens forecasts for 2024 due to recall and suspension of car deliveries

German car manufacturer BMW has revised its 2024 projections downward because of the halt in deliveries and recall of certain vehicles with faulty integrated braking systems (IBS) from a supplier. Based on the company's official statement, over 1.5 million vehicles are impacted by the IBS issues....

China lifts restrictions on foreign investment in industry and medicine

China's leaders have eased certain limitations on foreign investment in the economy to promote growth, according to The Wall Street Journal. The State Development and Reform Committee and the Ministry of Commerce of China announced in a joint statement that only 29 industries will remain closed to...

Surge In Hybrid Car Sales Boosts Platinum Group Metals Demand Amidst Slowing EV Growth

The rise of hybrid car sales is providing an unexpected boost to the demand for platinum group metals (PGMs), such as platinum and palladium, despite the slowing growth in electric vehicle (EV) sales. This shift is reminiscent of the extended lifespan now predicted for coal, as industries once...

World Bank Urges To Speed Up And Simplify Operations Amid Global Polarization

World Bank President Ajay Banga emphasized the need for faster, more efficient processes in the global lender's operations during a speech at the Lowy Institute think tank in Sydney on Tuesday. After visiting 27 countries, ranging from Peru to Tuvalu, Banga reflected on the increasing polarization...

Germany to start reducing its 16.49% stake in Commerzbank

Germany intends to begin decreasing its ownership in Commerzbank AG, which was obtained during the financial crisis of 2008-2009, reports The German Financial Agency (Deutsche Finanzagentur). The government has a 16.49% stake in Commerzbank. According to estimates by FactSet, this stake is valued...

Bloomberg: IMF will require Ukraine to accelerate currency devaluation and raise taxes

Ukrainian authorities anticipate the IMF will ask Kiev to accelerate the devaluation of the hryvnia, decrease interest rates, improve tax collection, and increase taxes this week, according to sources cited by Bloomberg. According to the IMF, these measures will assist Ukraine in addressing its...