Daily Management Review
Economics

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...

Is There Anyone to Move Dollar Out of Its 'Number One' Place?

For the past 70 years, the dollar has had superpower in the financial and monetary system of the world. Despite numerous talks about the rise of the yuan and the euro, the superiority of the American currency is indisputable. Still, no currency in the world cannot be compared with the dollar as...

Obama's Asia Pivot: What It's All About?

The US, Japan and the 10 countries of the Pacific coast reached a final agreement on a treaty on the Trans-Pacific Partnership (Trans-Pacific Partnership, TPP)on Monday in Atlanta, Georgia, writes The Wall Street Journal. Together, these countries control 40% of world trade. The agreement, that in...

Trans-Pacific Partnership Agreement Reached

After five years hectic and negotiations, the Trans-Pacific Partnership was finally finalized and an agreement reached between the countries.     In what is evidently the largest trade deal in two decades, the US, Japan, Canada, Australia, New Zealand and seven other Pacific-rim nations...

Italy Scores Up the Recent Crisis to the Rating Agencies

According to The Financial Times, Italy is pressing charges against the rating agencies S&P and Fitch on the fact that they have caused undue damage in the country in 2011 and 2012. Italian rating in those years, according to prosecutors, was established unfairly by the agencies, and this led to...

The ‘Curtain-Raising Speech’ of IMF Chief Addresses The Risk Of Economic Growth

Lagarde warns about the brooding risks that are likely to hamper economic growth. The managing director of “International Monetary Fund”, Christine Lagarde addresses the crowd gathered at the annual meeting of “IMF-World Bank” that took place in the U.S capital Washington D.C. on the 30th of...
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