Daily Management Review
Economics

Fed: US dollar remains strong reserve currency

The dollar remains a "hard currency" and will remain a reserve currency in the long term, Fed Chairman Jerome Powell said at a hearing in the US House of Representatives. "The US dollar is a hard currency," Powell said in response to questions from congressmen. He said that while "inflation is...

Major American Brands, Including Apple, Ford, And Others Exit Russian Businesses Over Ukraine Invasion

Faced with constant pressure from their investors and customers protesting the Russian invasion of Ukraine, a number of America's most well-known brands - including Apple, Google, Ford, Harley-Davidson, and Exxon Mobil, rebuked and exited the Russian market.    Apple...

Oil Prices Surges To 7-Year High Over Supply Disruption Fears From Russia

Oil prices soared to seven-year highs on Wednesday, as traders attempted to find alternative sources of oil in a market that was already tight.    Concerns over supply disruption grew as a result of the massive sanctions imposed by Western countries on Russian banks...

Russia Will Temporarily Disallow Foreign Investors To Sell Assets And In The Country

As a response to growing Western sanctions, Russia would temporarily prohibit foreign investors from selling Russian assets in order to guarantee that they make informed decisions rather than ones influenced by political pressure, the prime minister said on Tuesday.   A government order...

With The Russian Rouble At An All-Time Low, Cryptocurrency Trading In The Russian Currency Is Surging

The Russian currency rouble has dropped by more than 30% as a result of crippling sanctions imposed by a number of Western countries in response to Russia's invasion of Ukraine, including restricting access to Russia's central bank's foreign assets and excluding major Russian banks from the...

Japan expects energy supply disruptions

The Japanese government intends to work closely with the U.S. and European countries. The interaction will be aimed at preventing possible negative effects on energy supplies to the country amid sanctions imposed against Russia, including disconnection of a number of Russian banks from SWIFT, said...

Oil Prices Surge With Growing Concerns Over Russian Oil Supply

Oil prices soared on Monday as the United States and its allies placed further sanctions on Russia and barred several Russian banks from participating in a global payment system, potentially disrupting the country's oil supplies.   After hitting a high of $105.07 a barrel in early trade,...

Markets Around The World Fall On Ukraine Issue, Rouble Plummets

On Monday, stocks fell all over the world, along with a rise in oil prices, while the rouble plummeted to record lows with the West stepping up sanctions against Russia in response to its invasion of Ukraine. The latest sanctions included banning banks from using...

Germany is preparing a law on keeping gas storage tanks full

A bill on the mandatory full filling of Germany's gas storage facilities will be ready soon, German Economy Minister Robert Habek said. "The government and I will do everything to protect Germany and the German people from the consequences. We will take similar measures for sectors of the economy...

Consumer Expenditure And Orders For Core Capital Goods Show That The US Economy Going Strong

Consumer spending in the United States climbed more than predicted in January, providing a big boost to the economy at the start of the first quarter, but price pressures remained high, with annual inflation climbing to levels not seen in over four decades.   Other statistics released on...
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