Daily Management Review
Economics

Apprehensions over Deeper Negative Rates by ECB brings down Euro

After New Zealand set the bar high with a surprise rate cut that sent its currency tumbling, expectations for a fresh shot of stimulus from the European Central Bank on Thursday pushed down the euro and government bond yields.   With London's FTSE, the DAX in Frankfurt and the CAC40 in...

Americans Are Leading in the Investment Banking Race

Five of the largest American investment banks in 2015 surpassed their competitors from Europe by almost all financial indicators. Revenue of US investment banks last year amounted to $ 138.5 billion, meanwhile revenues of European – to $ 60.1 billion. The total pre-tax profit of US investment banks...

MarketWatch: Donald Trump Will Bring the US to Crisis

MarketWatch’s financial columnist Brett Arends believes that the economic program of presidential candidate of the United States Donald Trump is a path that might lead to debt crisis. Basing on Congressional Budget Office calculations, US Tax Policy Centre and the US Internal Revenue Fund, he in...

China Plans 6.5-7% GDP Growth in 2016

China plans to ensure the growth of its economy to 6.5-7% this year against 6.9% in 2015, said Prime Minister of the State Council of China Li Keqiang, speaking on Saturday in a speech at the session of National People's Congress (NPC), the country’s legislature. The Chinese government's policy...

As Markets Lose Faith, Global Economy in for a ‘Gathering Strom’: BIS Chief

Warning of a “gathering storm” which has long been brewing, the Bank of International Settlements has said that a fragile calm in global financial markets has given way to all-out turbulence.   Investors were concerned governments around the world were running out of policy options, warned...

Next Fiscal Year's Growth & Price Estimates for Japan Likely To Be Cut By Central Bank: Reuters

As a weak global demand hits growth and yen rises weigh on imported fuel costs, sources close to Japan’s central bank and people familiar with its thinking say that the bank is expected to cut its economic and price forecasts for next fiscal year at a quarterly review in April.    Less...

Chinese Economy will 'absolutely not' experience hard landing, say its Experts

Even as uncertainty and instability in the global economy continue to pose a risk to the country's growth, China's top economic planner said on Sunday that China's economy isn't headed for a hard landing and isn't dragging on the global economy.   While pushing hard to create more jobs and...

Bank for International Settlements says Faith in the Healing Power of Central Banks Faltering

While voicing concerns over sub-zero interest rates and emerging economies, the Bank for International Settlements (BIS) said on Sunday that the financial markets' shaky start to the year shows they are losing faith in the "healing powers" of central banks.   The recent worries over China's...

UBS Claims a Major Bubble Just Burst and it is Good for Stocks

Wall Street strategists claim that a major bubble in the market just burst for the bears.   Better-than-expected U.S. data and a stable Chinese yuan has led to a popping of the global "negativity bubble," and that could drive equities significantly higher in March, said UBS' Julian Emanuel...

Fight Against Corruption in China Brought Macau's Economy Down

Macau's economy has fallen to 20.3% last year. The main reason for that was massive anti-corruption campaign in China and the country’s economic downturn. The world's largest center of gambling casinos is facing falling revenues and a reduction in the number of visitors. In the IV quarter, as a...
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