Daily Management Review
Economics

BNP Paribas Uses Blockchain Technology For The First Time To Make Real-Time Payments

Blockchain technology continuous to gain popularity over cross country payments for the banks. As per the information provided by BNP Paribas of France, it made its “first live” blockchain payments to two “corporate clients” which dealt with “various currencies”, whereby highlighting the growing...

Analysts Warn European Banking System could be Shaken by Deutsche Bank’s Failure

Deutsche Bank has still got mountains to climb, a senior director at Blackrock Investment Institute was quoted in the media saying, even while Germany's biggest bank has made great strides to rebuild its credibility.   "If Deutsche Bank doesn't make it, forget European banks as a...

As BOJ Keeps Policy Steady, Yen Eases, Asia Stocks Mixed

While regional stocks were mixed after Federal Reserve Chair Janet Yellen's upbeat comments, shedding some gains made following killings in Germany and Turkey the yen edged down on Tuesday after the Bank of Japan held policy steady.   While offering a more upbeat view of the economy than in...

$270 Million Debt Could be Paid by Cuba in Rum

Rum would be used by Cuba to pay off its Soviet-era debt.   Using rum and pharmaceuticals instead of money, a debt of $270 million is planned to be paid to the Czech Republic by the cash-strapped island nation.   The Czech finance ministry stressed that it would like at least part of...

This Week Single Market Brexit Plan to be Unveiled by Scotland

With the aim of avoiding the "national disaster" of a "hard Brexit", Scotland will publish proposals very soon for how it can remain in the European single market after Britain leaves the European Union, the Scottish government said very recently.   In order to kick off two years of exit...

As Launches Fall to Financial Crisis Levels, Number of Hedge Funds Continues to Shrink

While launches during the third quarter slumped to lows not seen since the first quarter of 2009, according to data from Hedge Fund Research (HFR), hedge fund liquidations in 2016 are on track to hit the highest number since the financial crisis.   The total amount of funds under management...

China's Metals Demand in 2017 could be Decided by These 5 Factors

Investment bank Goldman Sachs wrote in a note on Friday that an extension of this year's price rally in base metals and bulk commodities in China into next year will depend on these five important factors. The bank also listed the five factors.   Property demand...

S&P warned about vulnerability of Asian and Latin American companies

Analysts are observing significant increase in bond yields around the world, similar to that happened during the global financial crisis. This trend is making companies in Asia and Latin America the most vulnerable, since their debt burden has significantly increased during the last decade. This is...

Oil Market won’t Re-Balance untill Second Half of Next Year Even with the Supply Cuts, OPEC says

It would not be until the second half of next year that it won’t result in demand exceeding supply, while speeding up the re-balancing of the global oil market, OPEC said its agreement to cut production.   OPEC said in its monthly report on Wednesday that the reduction of global inventories...
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