Daily Management Review
Economics

How China Hides Capital Exodus

The outflow of capital in China remains a big problem. Many economists point out that there is no confidence in official data, and all other calculations and can not be absolutely reliable. In September, the fall in foreign exchange reserves of the Central Bank of China amounted to only $ 43.3...

Flitch Introduces Updated ‘U.S. Auto Loan ABS’ Criteria Specific To Asset Related Issues

Flitch Ratings updates its report on specific asset related criteria for the “U.S. Auto Loan ABS”. On the 15th of October 2015 Fitch Ratings published an updated report on its “Asset-Backed sector specific criteria”. As per BusinessWire the updated version of the report does not contain any...

The Agricultural Sector Will Be Introduced to Machinery Market In India Between 2015-2019, Said Research and Markets Report

Research and Markets report informed that ‘agricultural machinery market’ of India is likely to increase in proportion to the growing demand. An announcement made by Research and Markets stated that the report of "Agricultural Machinery Market in India 2015-2019" has been added, whereby the...

US vs Europe: Which Banks Are Stronger?

Seven years passed after the peak of the financial crisis, yet the major European banks continue to behave as though they are still in the midst of the financial storm. Plans for a radical restructuring are shelved even before they begin to be implemented; at the time it does not stop personnel...

Ireland Refuses Coins

The Central Bank of Ireland will start at the end of the month the process of withdrawal coins of 1 and 2 eurocents from circulation. Starting from October 28, all the bills to pay in cash will be rounded to the nearest 5 cents. Coins in nominations of 1 and 2 eurocents will remain in the past for...

Greek Banks Offered to Exchange the Bonds for Shares

Greek banks Eurobank Ergasias SA and Alpha Bank AE have discussed with creditors the opportunity to exchange their bonds for shares, Bloomberg said citing sources familiar with the situation. The total amount of unsecured debt securities amounts to € 1,94 Bln. The same decision can take National...

The Third Wave of Crisis

Emerging markets are facing not just a market "defeat"; this is the third wave of the global financial crisis, believes Goldman Sachs. - Increasing uncertainty coming from the emerging market economies, lower commodity prices and potentially higher interest rates in the United States raised new...

A Poll Suggests China Third-Quarter Growth Dipping to 6.8 percent, Weakest Since 2009

For the first time since the global financial crisis, China's economic growth is expected to fall below 7 percent as reported in the third quarter performance of the country’s economy   This has put more pressure on policymakers to roll out more support measures as fears of a sharper...

The Oldest Dealer of Rare Stamps Stanley Gibbons Reduces Profits

British firm Stanley Gibbons, the world's oldest dealer of stamps and the only such company listed on the London Stock Exchange, this week warned of an expected reduction of the annual profit, having lost more than a quarter of capitalization because of this. According to The Guardian, Stanley...

Saudi Arabia Is Turning Into a Penny Pincher

Cutting government spending because of the low oil prices, Saudi Arabia has refused procurement of new furniture and cars for officials. In addition, the Kingdom froze new projects in the fourth quarter of 2015, Bloomberg reported, citing sources in the government of the kingdom. Saudi...
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