Daily Management Review
Economics

Aluminium price jumps to highest in almost three years

The aluminum price jumped to the highest level in almost three years amid Chinese trade data, which eased concerns about demand prospects, trade data shows. The price of a tonne of aluminium with delivery in three months on the London Metal Exchange (LME) rose 1.37% to $2,293 on Tuesday, jumping to...

US Federal Reserve to start cutting back on bond purchases

The US Federal Reserve (Fed) will reduce asset purchases in the market as macro indicators improve, which is likely to happen well in advance of a decision to raise interest rates, Fed Chief Jerome Powell said during his speech. The Fed expectedly kept the benchmark interest rate at 0-0.25% per...

USA is speeding up work on the digital dollar

US President Joe Biden's administration has become more active in exploring the creation of a digital dollar amid China's plans for a digital yuan, sources familiar with the situation told Bloomberg. The People's Bank (Central Bank) of China said in early April that it was testing the possibility...

China’s Unofficial Australian Coal Ban Is Proving Costly For It

There has been a rise in the cost of domestic and alternative foreign supplies of coal for both thermal and coking grades of the fuel in China since the country had unofficially banned importing of coal from Australia.   The ongoing political clash between China and Australia is a reason...

Japan, US agree to secure semiconductor supplies amid shortages

Japan and the US have agreed to ensure the continued supply of semiconductors amid a global shortage that is affecting primarily automotive production. The agreement was reached on Thursday following a telephone conversation between Japanese Minister of Economy, Trade and Industry Hiroshi Kajiyama...

In 2021 The US Economy To Grow Fastest Since 1984

According to the International Monetary Fund (IMF), the economy of the United States as well as that of the world will be boosted by the US President Joe Biden's $1.9 trillion Covid-19 stimulus package.   The IMF however also warned that the Covid-19 pandemic is still lingering in many...

JPMorgan chief forecasts post-pandemic boom in US economy

The US may expect an economic boom after the end of the pandemic, says Jamie Dimon, head of JPMorgan Chase. He said this in his annual letter to shareholders published on the company's website. "I have little doubt that with excess savings, funds from the new stimulus, huge deficit spending,...

Investment In Cryptocurrency Touches All-Time High Of $4.5B In Q1

Available data from digital currency manager Coinshares showed this week that during the first quarter of the current year, there was a record inflow of money into funds dealing in crypto currencies and other related products at $4.5 billion.   According to analysts, this is clear indication...

S&P 500, Dow Jones rise to record highs on labour market and services news

On 5 April, the S&P 500 and Dow Jones US stock indices hit new all-time highs, with the S&P 500 up 1.4% to 4,077 points and the Dow Jones up 1.2% to 33,559 points. Another index, NASDAQ, also rose 1.4% to 13,664 points. The indices growth was caused by several economic reports with good results for...

Japan's Central Bank Starts First Phase Experiments On Developing Its Own Digital Currency

The plans of the Bank of Japan to launch its own digital currency was kick started on Monday with the central bank starting to hold experiments to examine and understand whether it would be feasible to issue such crypto currencies.   With this move the Bank of Japan joins the ranks of other...
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