Daily Management Review
Economics

China Deepens Economic Rebalancing as Push for Consumption Takes Center Stage

China is signaling a decisive shift in its economic direction as policymakers prepare to anchor the next phase of growth around domestic consumption rather than investment and exports. After decades of relying on capital spending and foreign demand to fuel expansion, Beijing now faces the limits of...

US Fed’s Reluctant Rate Cut Marks Turning Point as Powell Signals End of 2025 Easing Cycle

The Federal Reserve lowered its benchmark interest rate by a quarter-point for the second consecutive meeting, but Chair Jerome Powell emphatically signalled that further reductions this year are far from assured. The move reflects a deepening tension between the central bank’s twin mandates of...

Japan’s Energy Calculus: PM Takaichi Rebukes U.S. Request to Shun Russian LNG Imports

Japan’s new Prime Minister Sanae Takaichi firmly resisted U.S. pressure to halt imports of Russian liquefied natural gas (LNG) during her first high-level meeting with President Donald Trump in Tokyo. The exchange highlighted Japan’s delicate balancing act between maintaining alliance solidarity...

U.S. Cuts China Tariffs Following Landmark Xi-Trump Summit: Unpacking the Motives and Mechanics

In a significant turn of events in the fraught U.S.–China economic relationship, President Donald Trump announced a reduction in tariffs on Chinese imports after a face-to-face meeting with Chinese President Xi Jinping in Busan, South Korea. The encounter marked their first in person since 2019 and...

U.S. Senate Moves to Repeal Brazil Tariffs, Signaling Shift in Trade Power Dynamics

The U.S. Senate on Tuesday passed a resolution by a 52-48 vote aimed at terminating the 50 percent tariffs imposed on Brazilian imports under a national-emergency declaration issued by President Trump. Five Republican senators crossed party lines to join all Senate Democrats in backing the...

How the Trump Family Turned Political Power into a Global Crypto Empire

A Reuters investigation reveals how the Trump family has built a vast, globe-spanning network of cryptocurrency ventures, transforming their business empire into one of the most lucrative and politically sensitive financial machines in modern U.S. history. The centerpiece of this transformation is...

Investors Look to Market History for Clues as Trump-Xi Trade Talks Approach

Global markets are once again bracing for a familiar spectacle — high-stakes negotiations between Washington and Beijing that could alter the course of world trade. As President Donald Trump and China’s Xi Jinping prepare to meet, investors are showing a mix of optimism and restraint. The past has...

New Zealand Insurer Became the Invisible Engine Keeping Sanctioned Oil Moving

In the shadowed logistics of global oil trade, paperwork and policies often matter more than pipelines and pumping stations. When sanctions sought to choke off Iranian and Russian energy revenues, an under-the-radar layer of maritime services — most crucially, insurance — provided a way for cargoes...

India Gears Up for Crude Disruption as Reliance Cuts Back on Russian Oil

India’s largest private refiner, Reliance Industries Ltd. (RIL), is reportedly preparing to cut purchases of Russian crude oil in light of new U.S. sanctions on Russia’s major oil producers. RIL has been one of the biggest buyers of crude from Rosneft and Lukoil, but the tightening of sanctions by...

EU Pushes Back Against National Barriers Stalling Banking Consolidation Across Europe

Europe’s top financial official has delivered a sharp warning about the growing barriers that prevent the continent’s banks from merging and achieving global scale. EU Commissioner for Financial Services Maria Luís Albuquerque said that political and legal hurdles in member states such as Germany...
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