Daily Management Review
Economics

Nasdaq jumps to a record high

US stock indices rose on Thursday. Nasdaq Composite jumped to a record high on the basis of trading results due to the rise in the share price of information technology companies. Indicators of 10 of the 11 major S&P 500 industry groups increased at the market closure; the subindex of the...

OPEC can't control oil prices anymore

On the morning of July 10, a barrel of the Mediterranean brand Brent traded in London at $ 78.5. In the afternoon, the September futures were already worth $ 79.06 per barrel on the London Stock Exchange ICE. This growth would not look so alarming if the major oil-producing countries had not taken...

US-China trade war: China is forced to resort to uncommon measures

The exchange of blows in the trade war between the United States and China is getting tougher. The US has introduced duties on goods, the total value of which is estimated at almost $ 40 billion. In turn, China imposed import duties on goods from the US. "The US unleashed the biggest trade war in...

Bank of England warns of LIBOR risks

British banks and financial firms risk getting a time bomb if they do not refuse to use the London Interbank Offering Rate (LIBOR) by 2021, warn regulators. This is reported by The Telegraph. The minutes of the June meeting of the Bank of England's Financial Policy Committee (FPC) underscore fears...

Deutsche Bank’s U.S. Arm Fails The U.S. Federal Reserve ‘Stress Test’

Following the test Fed expressed concerns on Deutsche Bank’s “data capabilities”, control on “capital planning”, besides other weaknesses. Last week, the U.S. subsidiary of Deutsche Bank failed to pass the second phase of the annual “stress tests” conducted by the U.S. Federal Reserve. The reason...

Did China start a currency war?

During the election campaign and in the first months of the presidency, Donald Trump has repeatedly called China "a currency manipulator", and threatened to punish the country. To begin with, he decided to officially accuse Beijing of manipulating the yuan, which, incidentally, is still not freely...

Middle East economies are recovering in 2018

According to forecasts this year, the economies of the Middle East will grow by an average of 2.4%, as they are trying to recover from the difficult 2017, helped by rising oil prices and easing financial consolidation measures. Improving security conditions and the progress of economic reforms are...

FT: Trump tariffs will hit millennials

New rules for the import of goods into the United States from China are coming into effect on Friday. From July 6, they will be subject to an additional 25 percent tax. Thus, Donald Trump tries to punish the PRC for "stealing commercial secrets, unfair trade and the damage to the US economy."...

Experts Fear Further Loss To International Trade Due To U.S. Sanctions On Iran Oil

The United States is pushing various countries to reduce the quantity of oil imported from Iran to zero by November which has the potential to make international trade suffer which is a part of US’s poly to increase pressure on Tehran since it pulled out of the nuclear deal say experts.  ...

Major Hit To Be Faced By US If Car Tariffs Is Imposed, Warns EU

Imposing import tariffs on cars and car parts imported from the European Union by the United States would likely result in counter tariffs of American goods worth about $294 billion and would negatively impact its automotive industry, the EU has warned.     Imposing tariffs on cars and...
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