Daily Management Review
Economics

Nigeria to increase LNG capacities

Partners in the Nigeria LNG (Nigerian National Petroleum Corp) project - Shell, Total and Eni - made the final investment decision (FID) to increase the plant’s capacity from 22 million to 30 million tons of LNG per year. The first batch of LNG from new capacities will be received in 2024. The...

IIF: Capital inflows to emerging markets grows in 2019

The stock markets of developing countries in 2019 attracted $ 310 billion of portfolio investments of non-residents - against $ 194 billion a year earlier and $ 375 billion in 2017, experts at the Washington Institute of International Finance (IIF) calculated. Particularly, the inflow amounted to $...

Germany To Move Towards Sustainable Finance By "Green Bonds" Issuance In 2020

Germany to use "green twin bonds" to "roll over maturing debt". In the second half of 2020, Germany promises to come out with its first "green bond" while in the following half, the country will introduce "a multi-billion euro" issue. The said step, informs the finance agency of Germany, is in line...

8th Reserve Ratio Cut By China’s PBOC Since Early 2018 To Prop Up Slowing Economy

In order to boost its slowing economy, a cut on the amount of cash that all Chinese banks need to hold as reserves was announced by China's central bank which has released about 800 billion yuan or $114.91 billion in distributable funds.   Effective from January 6, the reserve requirement...

Are We ‘Spending Another Decade Doing Worthy Things But Not Enough’?

Financial market is not fast enough to reduce investments on fossils fuels, says Carney. During an interview, the Bank of England’s Governor, Mark Carney said that the pace of financial services have been “too slow” for cutting down on investment in fossil fuels. Carney is scheduled to step down...

2020 Could Be A Tough Year For US LNG Exports, Which Soared To Record Highs In 2019

The exports of liquefied natural gas (LNG) of the United States in 2019 saw a record 60 per cent hike with the trend likely in the next year. However analysts have warned that 2020 could also create issues for this sector because of heavy competition and weakened demand globally.   This year...

U.S. Holiday Online Sales Hit Record High

Consumers in the U.S. choose online shopping this holiday season. Mastercard Inc has come up with a report which shows that this holiday season more consumers spent on online shopping, which pushed the “e-commerce sales” figures to a “record high”.   Holiday season marks a crucial time for...

Trade Talk Deadline With UK May Need Extension, Says EU Commission President von der Leyen

In an interview to the French daily Les Echos which was published on Friday, European Commission President Ursula von der Leyen said that there could be a possibility of extending of the deadline by the European Union in relation to the negotiations of the new trade relationship with the United...

ECB Unlikely To Bring Interest Rates Into Positive Territory In 2020, Says ECB's Holzmann

It is unlikely that the prime benchmark lending rates will be raised back in to the positive territory next year by the European Central Bank, said policymaker Robert Holzmann. He said that investors should not hope for such a surprise form the ECB.   "I do not expect a turnaround in 2020 to...

November Industrial Profits Of Large Companies Of China Rebound

The National Bureau of Statistics (NBS) of China data showed that in the month of November, the profits of country’s major industrial companies increased by 5.4 per cent year on year. This was a surprise to many because the November growth reversed the 9.89 per cent decline in the same number for...
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