Daily Management Review
Economics

Economic Fallout Of Coronaviurs Forces American Firms To Increase Cash By Debt Funding

With rising concerns of an economic downturn because of the global spread of the deadly coronavirus and the huge drop in the global price of oil, corporate America – including a range of companies from Exxon Mobil Corp to Royal Caribbean Cruises Ltd, were seen pushing for taking on more funds in...

2020 Growth Will Be Lower Than 2019 Due To Coronavirus, Warns IMF

The International Monetary Fund has warned that the global economic growth for 2020 will fall below the growth rate that was reached last year because of the fast and wide spread of the deadly coronavirus. The IMF also announced an aid of $50bn in emergency funding for those middle and low income...

Gold prices show maximum weekly growth since 2016

Gold prices are about to end the week with maximum growth since February 2016 due to investors' concerns about the economic consequences of the outbreak of coronavirus, Reuters writes. Gold, traditionally regarded as a defensive asset, rose more than 5% this week. "We are witnessing a gradual...

OPEC to discuss response to falling oil prices

A series of meetings on the fate of the OPEC + deal amid a slowdown in world oil demand due to the outbreak of coronavirus and a rapid drop in prices will begin on Wednesday in Vienna. The alliance will have to determine whether to respond to this challenge by strengthening production cuts and, if...

Australian Central Bank cuts base rate to record low

The Reserve Bank of Australia (RBA) lowered its key interest rate by 25 basis points to a record low 0.5% per annum to support the country's economy in the context of the spread of coronavirus. RBA chief Philip Lowe said the regulator could continue easing the policy. "The global spread of...

Coronavirus will bring Chinese airlines losses up to $ 14.3 billion

The outbreak of coronavirus has already affected all sectors of the Chinese economy. A sharp reduction in travel around the country and abroad has caused significant losses for airlines. If the epidemic is not tamed before April-May, the lost revenue of Chinese national air carriers can reach 100...

It Could Walk Away From Brexit Trade Talks If Demand Not Made: UK

The negotiating mandate for talks with the European Union that has been recently unveiled by the United Kingdom for the Brexit talks is reportedly not what Brussels wants in a deal. The UK has said that it could even walk away form the deal if "good progress" was not made in the negotiations of the...

No Action On Titanium Sponge Imports In The U.S.

U.S. govt to open talks with Japan on access to titanium sponge for emergencies. U.S. President Donald Trump has decided that no action will be taken on imports of titanium sponge, a key component in military aircraft, following a Commerce Department investigation which found that such imports...

Global Tourism Sector To Be Hit By At Least $22 Billion Because Of Coronavirus Hit

According to the World Travel and Tourism Council, a significant drop in spending by Chinese tourists because of the travel restrictions imposed on travelling to and from China as well as within China in order to prevent the spread of the deadly coronavuirus – now officially called COVID-19, will...

Saudi Arabia will seek to reduce production

The collapse in the oil market continues. The coronavirus spreading around the world is crushing the market: the epidemic will lead to the shutdown of enterprises, lower fuel consumption and, naturally, a drop in demand for black gold. Experts believe that OPEC will intervene in the situation in...
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