Daily Management Review
Economics
IMF Chief: Higher interest rates are risky

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

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

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...
Planned North American Chip Corridor By The US And Canada Will Begin With IBM Expansion

Planned North American Chip Corridor By The US And Canada Will Begin With IBM Expansion

International Business Machines announced its intention to grow in Canada, prompting the United States and Canada to announce on Friday that they will cooperate to establish a bilateral semiconductor manufacturing corridor.   The announcement was made as Canadian Prime Minister Justin...
European Markets Drop As Deutsche Bank Spearheads A Bank Crisis

European Markets Drop As Deutsche Bank Spearheads A Bank Crisis

On Friday, a sharp selloff in banking equities struck European markets as concerns about the health of the financial sector increased. The news that Credit Suisse and UBS were the subject of an American investigation only made matters worse.   The STOXX 600 index for all of Europe dropped...
Bank of England raises interest rate

Bank of England raises interest rate

According to a news release from the authority, the Bank of England increased its benchmark interest rate by 25 basis points from 4% to 4.25% at the conclusion of its March meeting, and is prepared to raise it further if inflationary pressures increase. The central bank's choice was in line with...
Wood Mackenzie Report Predicts China Will Account For Approximately 40% Of The Increase In Global Oil Demand In 2023

Wood Mackenzie Report Predicts China Will Account For Approximately 40% Of The Increase In Global Oil Demand In 2023

As the world economy prepares for a slowdown following interest rate hikes, China will account for a sizable portion of the recovery in global oil demand, according to Wood Mackenzie.   The research company claimed in a report released on Thursday that it sees China's reopening as the...
After US Bank Failures, Citigroup CEO Says, "This Is Not A Credit Crisis"

After US Bank Failures, Citigroup CEO Says, "This Is Not A Credit Crisis"

After a string of closures alarmed investors and exacerbated unrest in the world's financial markets, Citigroup Inc. CEO Jane Fraser expressed confidence in American banks on Wednesday.   "The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the...
Benchmark Rates Being Hiked By Central Banks As Banking Industry Remains In Turmoil

Benchmark Rates Being Hiked By Central Banks As Banking Industry Remains In Turmoil

In an effort to combat inflation in the face of the unrest that has reverberated through the global banking system this month, the Bank of England raised interest rates on Thursday, following the Federal Reserve and the Swiss National Bank in doing so.   Investors had questioned if the...
Collapse Of Credit Suisse Jeopardizes Switzerland's Throne In Wealth Management

Collapse Of Credit Suisse Jeopardizes Switzerland's Throne In Wealth Management

Experts caution that the collapse of Credit Suisse has seriously damaged Switzerland's standing as the top hub for wealth management, casting doubt on its reputation for stability, regulation, and corporate governance.   After months of fighting a crisis of confidence brought on by years of...
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