Daily Management Review
Economics

EU's Investigation Into EV Subsidies Is "Selective", Says Chinese Official

In an exclusive interview with CNBC, a Chinese official said that Europe's investigation of Chinese electric cars was extremely selective, to the point where the findings are not reliable.   Last week, the European Commission declared that, beginning of July 4, imports of Chinese electric...

Once More, London Emerges As Europe's Biggest Stock Market

For the first time in over two years, the primary stock market in the UK reclaimed its position as the most valued in Europe, according to statistics. According to Bloomberg statistics, the overall value of firms listed on the London Stock Exchange (LSE) surpassed the $3.13tn total value of...

The Desire By Chinese Investors Seeking Investments Abroad Is Driving Wealth Inflows Into Hong Kong

Wealthy Chinese are resuming their purchases of Hong Kong investment goods including insurance and high-yield time deposits as a way to protect their money from a potential decline in the country's economy and real estate market as well as a depreciating currency.   The trend started to show...

IEA Anticipates India To Drive Demand For Oil Globally

Currently the third-largest oil importer and consumer in the globe, India is expected to become the main driver of the world's oil demand in the second half of this decade, according to a statement released by the International Energy Agency (IEA) on Wednesday. India is expected to boost its oil...

Bank of Japan keeps the rate unchanged, plans to cut purchases of government securities

The Bank of Japan decided to maintain the current key interest rate. According to a statement from the Japanese Central Bank, commercial banks' short-term interest rates on deposits continued to vary between 0% and 0.1% annually. Experts anticipated that the rate would not change. The Central...

Stellantis to move electric car production from China as part of JV with Leapmotor

The automotive company Stellantis will shift some of its production of electric vehicles from China to Europe in the event that more taxes are levied on Chinese-made automobile imports into the European Union. Stellantis CEO Carlos Tavares told investors during a meeting that the company is...

US Business Associations Want A Hearing On Biden's Proposed Tariff Rise On China

Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the...

New Projections Suggest The US Fed Is Abandoning The Election Cycle

It appears that the U.S. Federal Reserve has removed itself from the limelight of the presidential campaign, as new projections indicate that interest rate reduction are unlikely to occur until after Election Day.   The benchmark interest rate was left at 5.25%–5.50% on Wednesday by central...

US Labour Market Is Similar To Pre-Pandemic Conditions, According To Yellen

On Thursday, U.S. Treasury Secretary Janet Yellen stated that slower pay growth is not a danger to drive up inflation and that the current state of employment in the country is beginning to resemble the labour market before the COVID-19 epidemic.   The job market has slightly cooled off and...

August Could See A Rate Decrease By The Bank Of England, With At Least One More This Year

All but two of the 65 economists surveyed by Reuters predict that the Bank of England will begin reducing interest rates in August, and most of them anticipate at least one more decrease this year despite stubbornly strong inflation in wages and services.   In order to combat rising pricing...
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