Daily Management Review
Economics

Eurostat names main oil exporter to EU

By the end of 2022, the United States will overtake Russia in terms of oil shipments to the European Union, with Russia's share falling from 31% to 4%, according to a study released on Tuesday by the European statistical agency Eurostat. Its data indicates that between the fourth quarter of 2021...

Trade Agreement Between US, And Japan Over Minerals Used In Electric Vehicle Batteries

U.S. and Japan have reached a trade agreement over minerals used in electric vehicle batteries   The United States and Japan unveiled a trade agreement on electric car battery minerals on Tuesday, which is critical to bolstering their battery supply chains and providing Japanese car...

China Expended $240 Billion To Bail Out Developing Countries On The 'Belt And Road' Project, Study Shows

According to a research published Tuesday, China expended $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount increasing in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure.   According to a report by...

U.S. Intends To Issue An Ultimatum In The Mexican Energy Dispute, Threatening To Impose Tariffs

According to those involved with the conversations, the Biden administration plans to deliver Mexico a "act now or else" message in the coming weeks in an attempt to break a stalemate in an energy trade dispute, as bipartisan calls for the US to get tougher with its southern neighbor intensify....

Chinese Industrial Profitability Is Declining Due To Weak Demand And Excessive Costs

While the world's second-largest economy struggled to fully recover from the long-term consequences of COVID, the decline in the earnings of Chinese industrial enterprises grew in the first two months of 2023. This decline was exacerbated by lackluster demand and persistently high expenses.  ...

Financial Crisis Could Start As A Result Of The Current Banking Upheaval

The CEO of Australia and New Zealand Banking Group stated on Monday that the most recent upheaval in the international banking system had the potential to lead to a financial catastrophe, while it was too soon to forecast that one akin to the 2008 crisis would result.   The recent...

Americans withdraw nearly $100B from bank deposits in a week

CNBC reports that between March 8 and March 15 Americans withdrew $98.4 billion from bank deposits, according to statistics from the Federal Reserve. The majority of the money taken out came from tiny institutions. March 24, the Financial Stability Oversight Council met in light of the most...

IMF Chief: Higher interest rates are risky

According to Kristalina Georgieva, head of the International Monetary Fund (IMF), central banks' increases in interest rates to combat inflation are resulting in greater risks to financial security. "It is obvious that there are now more dangers to financial stability. As the recent events in the...

The Largest Financial Catastrophes In The Previous 40 Years

Two of the three largest financial failures in U.S. history, as well as the acquisition of Swiss lender Credit Suisse by rival UBS Group AG in a merger facilitated by Swiss regulators, have contributed to the recent market turmoil.   Investors are concerned that if the consequences of rising...

IMF Warns Of Rising Financial Stability Concerns And Urges Attention

Even while advanced nations' initiatives have reduced market stress, IMF chief Kristalina Georgieva said on Sunday that threats to financial stability have grown and urged continuous vigilance.   The managing director of the IMF reaffirmed her belief that 2023 would be another difficult...
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