Daily Management Review
Economics

IMF Says Italy’s Stimulus Agenda ‘Transform A Slowdown Into A Recession’

IMF recommends to cut down on spending and to consider a “modest” financial consolidation. The International Monetary Fund cautioned that the stimulus plan of Italy for fiscal year may open the vulnerable door for the country to usher in “higher interest rates” ultimately pushing the country into...

Bitcoin Still Far From Being Considered A Payment Currency

According to data from blockchain researcher Chainalysis, there has been a drastic fall in number of instances of the digital currency bitcoin being used as a means of commercial payments in 2018 even though the crypto currency has been able to attain stability which is one of the most important...

May's Draft Brexit Deal Is Better Than No Deal, Says Rolls-Royce Chief

The chief of engineering giant Rolls-Royce said that a "practical plan" for Brexit needs to be supported by politicians.   Any deal with the European Union was better than a no deal Brexit because time to strike a deal is running out, said Warren East, chief of Rolls-Royce.  ...

A Trade Deal With China Is Possible, Believes Trump

It has been just a day that the United States president Donald Trump had expressed his optimism about the US being able to strike a trade deal with China and again stressed that he expects to arrive at a deal that would be created on a fair and reciprocal basis.   US President Donald Trump...

Rio Tinto: Aluminum reserves will decline sharply in the next 2-3 years

Rio Tinto: Aluminum producers will need to create additional smelting capacity outside of China, as metal reserves will drop sharply in the next 2-3 years, predicts Alf Barrios, head of aluminum operations at Rio Tinto., aluminum reserves will decline sharply "We are seeing extremely strong growth...

Greece Proceeds With Two Plans To Deal With Bad Loans

Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”. Greece has minimum two working plans up its sleeves for providing asset protection in order to support the banks in reducing “sour loans”, the said information came from “bankers and sources close to...

US Trade Policies Are Not Protectionist, Says U.S. Envoy To Japan

The aim of the protectionist trade policies taken by the United States government under President Donald Trump is to remove trade barriers for American companies and create a more level playing field for US firms, said the United States ambassador to Japan, as he defended his country’s trade...

US going to increase Trump tariffs for China in 2019

The United States still plans to increase import duties on Chinese goods worth $ 200 billion in January 2019 from 10% to 25%, said US Commerce Secretary Wilbur Ross in an interview with Bloomberg. According to him, at the upcoming meeting, US President Donald Trump and Chinese President Xi Jinping...

The Booming Indian Economy Could Face Hard Times In The Near Future

Despite India being the fastest growing major economy in the world, there are some teething problems with the economy according to economists.     One of the problems is unequal distribution of prosperity that the country has been able to achieve. This can turn out to be a major...

Issuing Digital Currency Needs to Be Considered By Central Banks: IMF Chief

The possibilities of issuing digital currency should be looked into by central banks, believes the chief of the International Monetary Fund Christine Lagarde arguing that this would increasing the safety of digital currency transactions   “That currency could satisfy public policy goals,...
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