Daily Management Review
Economics

US increased imports from Mexico amid falling shipments from China

US imports from China in August fell 12.5% year on year. At the same time, purchases from Mexico - the second largest supplier of goods to the United States - showed the largest growth, according to Bloomberg. China remains the main source of US imports, but its gap with Mexico is narrowing....

Analysts Slash Carbon Permit Price Forecast For Q4

Uncertain Brexit scenario cast a shadow on analysts forecast, while the needs for UK’s compliance “with 2019 ETS emissions” will remain unclear in case of further four months Brexit extension. With the no-deal Brexit fear hanging in the air, analysts have slashed down forecast for the carbon...

S&P fears new debt crisis

Rating agency Standard & Poor`s recorded a negative trend in the corporate sector: companies have reduced revenue. At the same time, the debt burden is growing. The agency analysts believe that if this trend continues, this could add to the probability of recession in the United States,...

IPO, M&A markets sink down in Q3

The global equity market in the first three quarters fell by 18% amid concerns over global economic growth prospects and ongoing geopolitical problems, including the US-China trade war. The Asian market experienced an even stronger decline (by 22%). M&A volumes during this period also declined...

Beijing And Washington Should Find 'Calm And Rational' Resolution To Trade War: China

Chinese Vice Commerce Minister Wang Shouwen said that his country is hopeful that both Beijing and Washington will find a solution to the trade dispute between the two countries “with a calm and rational attitude”. The trade representatives of the two countries are set to hold face to face talks...

Chinese manufacturing PMI unexpectedly reaches February 2018 peak

The Purchasing Managers Index (PMI) in China’s manufacturing sector rose from 50.4 points to 51.4 points in August. Analysts polled by Reuters, in contrast, predicted a decrease to 50.2 points. The indicator below 50 points reflects a decrease in activity, above - an increase in activity. The...

‘Considerable’ Quantities Of US Pork And Soy Has Been Bough, Says China

The Chinese Ministry of Commerce has confirmed that it has purchased “considerable” quantities of soybeans and pork from the United States before the trade representatives of the two countries are expected to meet face to face in Washington early next month to try and forge a deal on trade and...

Turkey orders banks to write off $ 8 bln of bad debts

The Turkish financial authority instructed banks to write off 46 billion liras ($ 8.1 billion) of bad debts by the end of the year, and create reserves to cover losses, Reuters reports. This, as the agency notes, is one of Ankara’s most aggressive steps to eliminate the worst consequences of last...

Bank of Japan board member announces readiness for further policy mitigation amid rising risks

Bank of Japan board member Takako Masai said the central bank would not hesitate to soften policy if the momentum to achieve a 2% inflation target is lost, Reuters reports. "Recently, I have been worried that prices will be negatively impacted amid significant downside risks associated with foreign...

'No-Deal' Brexit Would Be 'Catastrophic', Said 23 European Car Makers

There would be "catastrophic consequences" is there was no deal to protect trade while the United Kingdom left the European Union, warned the car making industry of Europe. It also warned of millions of jobs being pushed at risk and billions being forced on companies in additional costs.  ...
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