Daily Management Review
Economics

Higher Forex Reserves Despite Ringgit Support Shown by Malaysia Central Bank

A $500 million question making the rounds of the global banking industry is how Malaysia's central bank managed to simultaneously increase its foreign exchange reserves and meddle in markets to support its currency.   The ringgit was particularly hard hit in the "Trump tantrum" of emerging...

On Eve of Trump Presidency, U.S. Economy Strengthening, Shows Data

In the latest indication of an acceleration in economic growth early in the fourth quarter, driven by rising demand for machinery and a range of other equipment, new orders for U.S. manufactured capital goods rebounded in October.   This month, following the election of Donald Trump as the...

Norwegian government wants Big Oil to stay in the country

For a long time, oil production on the Norwegian continental shelf has mainly been a privilege of large foreign companies and Statoil, a major player in the country’s market, which produces about 70% of the Norwegian oil. However, two years of low prices have changed the situation. Assets in the...

Currency reform in India leads to poverty

There are long queues of people who want to exchange obsolete money for new in India. The government decided to withdraw large bills from circulation, which led to panic among the population, Bloomberg reports. According to the publication, Indian government's decision to terminate circulation of...

How Does China Benefit From Trump’s Declaration Of TPP Withdrawal?

Some think, TPP would be “meaningless” without the U.S., while others does not consider it to be the end of TPP and China has its own agenda for “free trade” promotion. In the presidency of Donal Trump, the “Asia-Pacific trade deal” has no future, as the President-elect blocked the option, whereby...

APEC Leaders Look to China on Trade, Vow to Fight Protectionism

After Donald Trump's election victory raised fears the United States would scrap free trade deals, Chinese officials said more countries are looking to join a China-led trading bloc even as Pacific Rim leaders vowed on Sunday to fight protectionism.   Trump threatened to impose steep tariffs...

Chinese authorities are afraid of yuan-dollar slump after Donald Trump's inauguration

According to political consultants, China's leaders have remained unappalled even despite recent fall in the yuan. However, if the exchange rate overcomes psychological barrier of 7 yuan for dollar, it will lead to a rapid outflow of capital, of which the Chinese authorities are afraid. On Friday,...

As Funds Pull out of Emerging Markets, Dollar is the Currency to Own: Barclays

The stomping down of the currencies of emerging markets by the dollar is not going to end soon, say analysts.   Ever since Donald Trump clinched a surprise victory in the U.S. presidential election, the greenback has been on a tear. Demand for the dollar has been boosted by...

Strategist says Politics the Sole Driver of Currencies of Developed Economies

Economists and strategists are of the view that the G10 currency market is driven solely by political events.   This was the view of Dominic Bunning, FX Strategist at HSBC. Whereas on numerous previous occasions, a wide range of events had impacted the performance of G10 currency pairs, now...

As China Eyes APEC Trade Leadership, Pacific Rim Leaders Scramble for Trade Options in Trump Era

As a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP), leaders of Pacific rim nations scrambled to find new free-trade options.   The Asia-Pacific Economic Cooperation summit that brings together leaders whose...
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