Daily Management Review
Economics

Experts: OPEC+ may maintain oil production quotas

Prior to the Monday, April 3 meeting of the ministerial monitoring committee, Bloomberg reported that OPEC+ thought maintaining production quotas would be the best reaction to the escalating unpredictability in the oil market. The agency reports that as a result of the banking problem, oil futures...

Japan Will Limit Export Of Chipmaking Machinery In Line With US And Chinese Restrictions

Japan announced on Friday that it will limit the export of 23 different types of semiconductor manufacturing equipment, aligning its technology trade controls with an effort by the United States to stop China from producing sophisticated chips.   Major worldwide chip equipment producers...

China Deems The Claim Of A US Debt Trap "Irresponsible"

China has criticized U.S. Treasury Secretary Janet Yellen's comments as "irresponsible" and "unreasonable" after she claimed Beijing's lending practices leave developing nations "stuck in debt."   On Wednesday, Yellen expressed her concern over some of China's international actions,...

German public debt rises to record €2.37 trillion

Federal Statistical Office shows that Germany's public debt has increased to a record-high level of €2.37 trillion. The agency attributes the rise to the COVID-19 epidemic support measures and the energy crisis. National debt increased by 1.8%, or €41.9 billion, from the third quarter of 2022 to...

Consumer Confidence In The US Is Increasing As People Ignore Banking Sector Disasters

Despite recent financial market upheaval that led to the failure of two regional banks, U.S. consumer confidence unexpectedly rose in March. Yet, people in the country still expect inflation to remain high over the coming year.   More people intended to purchase automobiles and home...

Yellen Opposes A World Bank Capital Increase; The U.S. Nomination For The International Lender Has No Challengers

With no rivals appearing as the nomination period came to an end, U.S. Treasury Secretary Janet Yellen on Wednesday dismissed the notion of a short-term capital boost for the World Bank and stated that she anticipated U.S. nominee Ajay Banga to be elected as the bank's next chairman.  ...

US White House will demand tougher rules for mid-size banks after SVB bankruptcy

The White House will call for stricter regulations for midsize banks with holdings between $100 billion and $250 billion this coming week. The U.S. Federal Reserve (Fed) and other authorities will receive recommendations, says The Wall Street Journal (WSJ). The Fed reportedly started reviewing its...

IMF Head: Problems of Western banks were inevitable because of the fight against inflation

According to Kristalina Georgieva, managing director of the International Monetary Fund (IMF), the issues facing the banking sector in developed countries were an inevitable result of the government's efforts to combat inflation. The IMF chief said in a speech at the Boao Asian Forum in China that...

Lack Of Supplies Endangers American War Efforts And Infrastructure

Microchip and cement shortages are still a problem for manufacturers of everything from pickup vehicles to houses, which could delay and increase the expense of federal efforts to arm Ukraine against Russian aggression and restore the country's deteriorating infrastructure and industries.  ...

Analysts: Asia's GDP growth rate will amount to 4.5 percent in 2023

According to a study from the Boao Asian Economic Forum (BAF), Asia's GDP growth will be 4.5 percent by the end of 2023. The analysts expected that Asia's real GDP growth rate would increase from 4.2 percent in 2022 to 4.5 percent in 2023. In his inaugural remarks on Tuesday, Li Baodong,...
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