Daily Management Review
Economics

WTO: Protectionism is stifling the global economy

The Group of Twenty (G20) have introduced a record number of trade restrictive measures, according to the latest monitoring of the World Trade Organization (WTO). During the last six months (from mid-October 2015 to mid-May 2016), the G20 states have adopted 145 new trade restrictions (an average...

New Chapter being eyed by Resilient US Shale Producers with Oil Price near $50

Confounding OPEC and Saudi Arabia with their resiliency, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel after about two years into the worst oil price rout in a generation.   While it would have been unthinkable just months ago,...

Consumption of gasoline in the United States will fall by 20% thanks to electric cars

Over the next 20 years, demand for gasoline in the US will decrease by 20% if electric cars account for 35% of the road transport market by 2035, reports consulting firm Wood Mackenzie in a study. Aggressive scenario of Prajit Ghosh, a research analyst of Wood Mackenzie, allows that demand for...

‘It Seems Inevitable Brexit Will Be Favorite By The Weekend’

British vote probability betting results show a shifting trend in favour of Brexit. In the last week probability maintained a seventy eight percent of British vote in favour of Remain campaign, while this week the “implied probability” came down sixty two percent on Tuesday, 14th June 2016,...

Kenya to launch the world's first tea futures

INTL FCStone Inc. company, headquartered in New York, held talks about launch of tea derivatives with representatives of the tea industry in Kenya, said senior vice president of INTL FCStone for developing countries Stewart Ponder. Nairobi Stock Exchange has supported such a proposal. "The ability...

Infrastructure Spending in China more than Combined Sp3dning of U.S. and Europe

A new and latest study by the McKinsey Global Institute finds that since the financial crisis of 2008-09, investments in the infrastructure sector globally, including the U.S., despite a crying need for better infrastructure form business and citizens alike.   Amidst this environment of...

Brexit Will Be An Harbinger Of An ‘Emergency Budget’, Warns Osborne

U.K voting in favour of Brexit will cause economic instability, which would appear in various ways, while an emergency budget of post Brexit has been proposed by Osborne. Chancellor George Osborne has categorically warned that if the Britain votes in favour of Brexit then an “emergency budget” will...

60 thousand people are laid off in Angola thanks to oil prices

The fall in oil prices has led to the fact that almost 60 thousand people have lost their jobs in Angola. This situation has been observed in the last 12 months. Positions in the field of civil engineering and the oil sector are the most vulnerable now. Head of the Angolan Industrial Association...

The Fear Of Brexit Shakes The Global Economy Markets

A fateful turn of Brexit can cause European recession, fears analysts. The financial markets across the globe demonstrated the fear of Britain quitting the European Nation, which pushed “Asian and European shares” further down, while pound hit “an eight-week low” ground.   The reduced job...

Central Banks and Brexit will Whipsaw Currencies, says Pimco

The Pacific Investment Management Co claims that currencies and other assets are set to be whipsawed by a Federal Reserve meeting and a referendum on the future of one of the world’s largest economies.    “We need to be respectful of the technical uncertainty associated with central-bank...
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