Daily Management Review
Economics

Minutes Show That US Fed Officials Expect Smaller Rate Hikes 'Soon'

According to meeting minutes released recently, Federal Reserve officials agreed earlier this month that smaller interest rate increases should occur soon as they assess the impact of policy on the economy.   The meeting summary indicated that smaller rate hikes were on the way, echoing...

German Finance Ministry proposes to introduce a tax on excess profits of energy companies

Christian Lindner, Germany's finance minister, has suggested taxing oil and gas corporations' surplus earnings. The tax is anticipated to be 33%, reports Die Welt, citing a document. Companies involved in the oil and gas, coal, and oil refining industries will be impacted by the planned effort. At...

31% Drop In Argentina’s Fan NFT Following Messi’s Team’s Shocking Defeat Against Saudi Arabia In Qatar

The shocking defeat of the Argentine national football team against Saudi Arabia at eth football world cup in Qatar in its opening match has lowered the value of the Argentine Football Association Fan Token (ARG), in line with the nation's die-hard soccer fans' expectations.   According to...

EU proposes to introduce transitional period to oil prices cap

According to a memo seen by Bloomberg, the EU has suggested extending the date of the oil price ceiling by 45 days. The agency quoted the paper in a statement and stated that "the bloc advocated adding a 45-day transition time to the introduction of the cap." The time will be in effect for oil...

Bloomberg forecasts bankruptcy for Genesis crypto broker

According to Bloomberg, cryptocurrency broker Genesis has informed investors that if it can't find additional capital, it may have to declare bankruptcy. According to persons familiar with the situation, cryptocurrency broker Genesis is having trouble securing funds for its loan division, as...

With Slowing Global Economy, Central Banks Must Maintain Rate Hikes: OECD

The central banks of various countries need to continue to keep raising interest rates to combat soaring and widespread inflation, even as the global economy slows significantly, according to the OECD on Tuesday.   The unexpected price rise and its impact on real incomes are hurting people...

New Zealand Central Bank to hold record rate hike

The New Zealand Reserve Bank may implement the biggest rate increase in history. This week, the Reserve Bank of New Zealand is expected to raise interest rates by the largest amount ever in an effort to reduce inflation. Following this, the central bank is anticipated to take a three-month hold...

As Geopolitical Rifts Disrupt Regional Summits, APEC Promises To Increase Trade

The final of three summits in the region this week, which have been overshadowed by intense geopolitical rivalry, was concluded on Saturday with commitments from the leaders of the 21-member APEC bloc to increase trade and do more to address other economic challenges.   Global leaders have...

Asian Business Owners Anticipate The Hybrid Working To Continue In The Post-Pandemic Era

According to a recent survey of Asian businesses, the number of Asian companies expecting employees to spend their entire working life in an office has dropped dramatically since the pandemic.   This indicates a shift away from the old way of working and toward a hybrid system, which appears...

Foreign investment in China grows by 17.4% to $168B

The amount of FDI in China during the first 10 months of 2022 climbed by 17.4% compared to the same period in the previous year, reaching $168.3 billion, according to the Chinese Ministry of Commerce. From January to October, RMB investment growth was 14.4%. FDI increased most quickly in technology...
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