Daily Management Review
Economics

Despite Optimism By Chiefs Of Largest US Banks, Investors Sceptic Of Banking Sector Growth

Investors on Wall Street remained skeptical of the prospect of growth of the banking sector even though the chiefs of the largest United States banks remained optimistic on the economic outlook on Friday as they noted a surge in some lending businesses as well as an increase in consumer spending....

Incentives By Indian Government’s $2.4 Bln Battery Scheme Draws Reliance, Hyundai, And Mahindra

Proposals to participate in India’s $2.4 billion battery project have been formulated and submitted to the Indian government by Indian conglomerate Reliance Industries, South Korean automaker Hyundai Motor Co, and manufacturer Mahindra & Mahindra, among others firms, according to reports citing...

A Drop In Annual Crude Oil Imports In China In 2021, A First Time In 20 Years

There was a 5.4 per cent drop in China's annual crude oil imports in 2021 which was the lowest for the country since 2001. This was potential because of Beijing tightening controls on the refining sector to reduce excess local fuel production and refiner stockpiles.   Beijing started...

US December Consumer Price Inflation Mark Biggest Rise In Almost 40 Years

The largest annual rise in inflation in almost four decades occurred in December, in the United States as rental housing and used cars held onto their strong gains, resulting in inflation. This has bolstered expectations that the US Federal Reserve will begin...

US Federal Reserve chief: Fed ponders raising rates

US Federal Reserve Chairman Jerome Powell said that he was ready to start raising interest rates to avoid overheating the economy. However, he expressed optimism that supply-chain disruptions will be tapered off this year, slowing the rate of inflation. The central bank will use its tools "to...

Rystad: global investment in oil and gas to rise in 2022

Oil and gas investments globally will grow by 4% this year from 2021 to $628 billion, according to analysts at Rystad Energy. "Rystad Energy's analysis suggests that total gas and oil investment will grow by 4% this year, to $628 billion from $602 billion in 2021," Rystad writes. A significant...

IMF warns developing countries of currency devaluations risk

Developing countries such as Russia, Brazil and South Africa should prepare for a rise in US interest rates that would lead to economic turbulence, capital outflows and depreciation of their national currencies, the IMF said. Rising wages, supply disruptions and inflation make a tightening of Fed...

New Survey Shows Positive Sentiments Of UK Manufacturers For 2022 Even In The Face Of Brexit And Inflation

British manufacturers are optimistic that business conditions and productivity will improve this year despite most saying they have been hurt by Brexit and rising costs, according to an industry survey published on Monday.   About 73 per cent of the manufacturers who were surveyed in the...

Faced With Economic Crisis, Sri Lanka Requests China To Restructure Its Debt

The Asian island country Sri Lanka is currently facing an acute economic crisis. The President of the country has requested China to restructure its debt repayments so that this South Asian country is able to combat its financial crisis which is worsening.   The proposal was made by Gotabaya...

PayPal is considering issuing its own cryptocurrency

PayPal is thinking of launching its own cryptocurrency with a stable price. A reference to "PayPal Coin" and the logo of the future digital currency, pegged to the U.S. dollar, was found in the code of the online wallet application. Online payment service PayPal is thinking about issuing its own...
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