Daily Management Review
Economics

Trump calls on Fed to introduce negative rates

Once again, US President Donald Trump called on the Federal Reserve to lower interest rates below zero, Bloomberg reports. "We must always pay less interest than others!" - Trump wrote on Twitter, referring to the negative rates introduced in Europe and Asia. On September 18, the US Federal...

US-China Trade Talks Start To Pave Way For High Level Talks Next Month

After a hiatus of almost two months, deputy trade representatives of the United States and China kicked off a fresh round of face to face negotiations on trade in Washington in their effort to bring an end to the ongoing trade war between the two largest economies of the world and try and agree on...

OECD sharply lowers growth rate evaluations for large economies

The U.S.-China trade war slowed the global economy to a minimum of ten years, the Organization for Economic Co-operation and Development (OECD) said, cutting record forecasts for 2019 and 2020. The review touched on almost all the G20 countries, from the US to Saudi Arabia and Russia. This is the...

Argentina Economic Crisis Hits Condom Sales Due To Price Hike

The increased cost is forcing Argentine lovers to cut back on the use of contraceptives.    According to a report published by the news agency Reuters, pharmacists and manufacturers have said that the sales of sales of condoms and birth control pills have dropped because of a biting...

US Fed cuts key rate for the second time in a row

Following the September meeting, the US Federal Reserve System (the Fed) lowered the key rate by 0.25 percentage points, to 1.75–2% per annum. This rate cut became the second this year after three years of going up. In its statement, the Fed pointed to continuing external risks and insufficiently...

Mecatherm: the French industrial bakery to conquer the world through efficient, tailor-made installations

In today’s business world, you need to be willing to innovate and adapt if you want to get ahead. No matter the industry, flexibility in production and variety in products offered can be excellent routes to success. Mecatherm is a company embracing this idea and providing its clients with the means...

Stocks Of Oil Companies Surge Following Attack On Saudi Oil Facility

Following the attack on two oil refining facilities in Saudi Arabia which reduced the production capacity of the largest oil producer by almost 50 per cent, there was a surge in the share prices of all of the major oil companies on Monday.    The incident has also increased tensions in...

EU Will Push For Digital Tax Even In Absence Of A Global Accord

Even if there is no global accord on the so-called ‘web tax’, levies on digital companies and services would be imposed by the European Union, said the Commissioner-designate for Economic Affairs Paolo Gentiloni.   “My first task will be to see whether it is possible to introduce a web tax...

Trump greenlights accessing US strategic oil reserve

Donald Trump has allowed use of oil from the US strategic reserve to support the market. "I allowed use of oil from the reserve in volumes that should be enough to maintain a normal level of supply to the markets," his tweet reads. In addition, US President said that he had instructed relevant...

Additional Tariffs On US Pork And Soybean To Be Exempted By China: Xinhua

Additional import tariffs on some agricultural products from the United States will be exempted by China as a part of the grueling trade war between the two countries, claimed a report by China's official Xinhua News Agency on Friday. Earlier in the week, China had announced exemption of additional...
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