Daily Management Review
Economics

Central Banks Agree To Create Rules For Regulating Stablecoins Like Facebook's Libra

Central banks of the world have agreed to set out rules and regulations for monitoring and regulating cross-border stablecoins such as the one planned by the social media company Facebook called Libra.   The central banks on Tuesday agreed to make new rules that will have a common approach...

G7 countries may oppose libra cryptocurrency launch

The finance ministers of the G7 countries (UK, Germany, Italy, Canada, USA, France and Japan) are likely to oppose the launch of Facebook's Libra cryptocurrency. Reuters reported this on Monday with reference to the draft G7 statement. According to the agency, the document says that payments in...

U.S Refiners Eye Under-Tapped Renewable Diesel Market Of Canada

Renewable diesel as well as biodiesel have nearly fifty to eighty percent less carbon footprint in comparison to conventional diesel. The refineries are making aggressive move to come out with “renewable diesel”. To some extent the reason behind the same could be to tap into the “greener fuel...

Oil production gets over recent constraints, prices expected to fall again

Oil prices may come under pressure in the coming weeks, as several factors supporting the quotes are not in force anymore. The Norwegian oil industry and Lederne's union reached an agreement on October 9 to end a strike lasting since September 30. The workers were unhappy with the cut in wages...

Central Banks Plan Digital Cash To Ward Of Threat Of Private Crypto Currencies

The prospect of issuing digital currencies of their own is being considered for some time now by some of the largest central banks of the world – as well as some of the smaller ones.   If such projects are actually launched by central banks, it will help  holders to make payments...

Less Than Expected Growth In UK In August Amid Slowing Down Of Pandemic

The economy of the United Kingdom continued to recover from the novel coronavirus pandemic crisis, albeit at a slightly slower pace with the economy growing at 2.1% in August on a monthly basis.   According to the Office for National Statistics, the GDP growth rate for month of August was...

BCG: Global economy could lose $10T due to protectionism

The Boston Consulting Group (BCG) and HSBC Bank have released a joint report titled “The $ 10 Trillion Case for Open Trade”, aimed at G20 leaders. The report predicts that the global economy could lose $ 10 trillion by 2025 if governments do not cut high tariffs and abandon trade restrictions. All...

US Fed chief asks Congress to approve new stimulus package

Head of the Federal Reserve System (Fed) Jerome Powell called on the US Congress and the White House to agree on the parameters of a new package of fiscal measures to support the economy. The proposal is aimed at stimulating its recovery, the pace of which weakened in August and September compared...

WTO improves forecast for global trade in 2020

The WTO improved expectations of a decline in global trade due to the COVID-19 pandemic this year to 9.2%, but now only 7.2% growth is expected in 2021, according to the WTO report released on Tuesday. In April, the organization expected world trade to decline by 13-32% in 2020, depending on the...

World's Governments Urged By IMF To Boost Infra Investment For Fast Post-Pandemic Recovery

Governments of member states of the International Monetary Fund (IMF) should note the low interest rate and take advantage of it to invest in infrastructure which will help in staging a recovery from the economic hit to the global economy by Covid-19 pandemic while also helping to move towards...
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