Daily Management Review
Economics

BRICS Bank Begins Journey from Shanghai with $100 Billion Capital

Being pitched as alternative to existing institutions such as the World Bank and the International Monetary Fund, five of the largest emerging economies of the world together gave shape to and opened a global bank on July 21. The bank has been christened the New Development Bank (NDB). The bank...

El Nino to Strike in Second Half of 2015: Credit Susie

El Niño, the hot water current in the Pacific Ocean that symbolizes a unique but disruptive meteorological phenomenon, is expected to strike once again in the second half of 2015. This current runs from the middle of the Atlantic Ocean and close to the cost of Brazil. However the disruptive...

Blackstone's Head Predicts Pension Crisis to the US

Limitations in the choice of instruments to invest people’s pension funds is one of the main causes of "hidden crisis" in the United States, as the head of the investment fund Blackstone Group LP Tony James puts it. - In my opinion, a hidden crisis, about which no one speaks, is arising in the...

Study Finds Parents Taking Increased Funding Responsibility for College Education in US

Parents take the biggest burden of funding children’s college educated in the United States. A recent survey shows that number of student who were funded by their parents’ pockets and savings to pay for the college education surpass the number of students who got scholarships and grants. This...

China Increased its Gold Reserves

China's gold reserves increased by 57%, according to the country's authorities official data, provided for the first time in six years. The country has increased the volume of gold to 53.31 million ounces (1,658 tons), the People's Bank of China’s statement said. This figure increased to 33.89...

Rise in UK Unemployment Rate Raises Eyebrows and Questions

A reduction in the number of people engaged in part time employment drive the unemployment rate of Britain to a two year high. Official data that showed the rate of unemployment up to May confirmed the fact on 15 July. However the Office for National Statistics of Britain however claimed that the...

The 23 Richest & Poorest Countries Of The World

  What is common between Qatar, Luxembourg and Singapore? The answer is they are amongst the smallest of countries and yet are amongst three the richest in the world.   This was revealed in an analysis by the Global Finance Magazine.    The magazine ranked 174 countries...

Nokia Looking To Re-enter Smart Phone Segment By Brand Licensing Late Next Year

After having sold off its slugging mobile business to Microsoft for around $7.5 billion, the Finnish mobile company is looking to re-enter the mobile market once again through the brand licensing route. The company is reported to be looking out for a suitable mobile device manufacturer to restart...

Fate Of $8 billion Samsung Merger Hangs On Advertisement Blitz Outcome

Barely days before a crucial share holders meeting, Samsung C&T Corp, the sister company of Samsung engaged in construction business, has resorted to advertisements in leading news papers in South Korea. The aim is coax as many of the shareholders as possible to garner support to back an $8...

U.S Appeals Court: Apple Conspired to fix e-book prices in Conspiracy with Certain Publishers

The U.S Justice Department has won against Apple Inc. in its appeal at a federal court. The DOJ had previously stated that Apple conspired with five publishers to increase e-book prices. In what would be considered a win for the U.S. Justice Department, a federal appeals court upheld a judge’s...
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