Daily Management Review
Economics

Bitcoin Demand Rise Due To Announcement Of Facebook’s Libra; Pushes Past $13,000

The current tensions arising out of geopolitics, and the warm welcome and the apparent prospect that the cryptocurrebncy of Facebook called Libra could help bring the digital currency into the mainstream of world finance, prompted investors to seek out tools of safety and alternative investments...

H20 Witnesses Higher Inflows And Reduced Redemptions

Investors’ confidence trembles, while H20 reports of increased inflows as redemptions drop. On Wednesday, June 26, 2019, the H20 Asset Management has informed that it has observed “big inflows in recent days” while the Natixis owned firm sees redemptions being markedly subsided. The aim remains to...

Russia To Support Iran Oil Export On Condition: Ryabkov

The promise of help from Russia to Iran will only be fulfilled if payment system is not launched. On June 21, 2019, Reuters reported that Russia has shown consent to provide help to Iran in the latter’s oil export front besides the country also promised to extend its support to the gulf country’s...

China Says Both US, China Should Make Compromises In Trade Talk

China would not trade its sovereignty to achieve a trade agreement and that it would not agree to any trade deal with the United States that undermines its sovereignty, the country said on Monday days ahead of a scheduled meeting between the Chinese President Xi Jinping and his US counterpart...

Facebook cofounder: Libra cryptocurrency is risky

Chris Hughes, one of Facebook founders, believes that with the advent of Libra's cryptocurrency, control over monetary policy will shift from state central banks to private companies. According to Hughes, a liquid, stable currency will be attractive to many emerging market countries. However, they...

So Called 'Currency Manipulation' By ECB Targeted By Donald Trump

The central bank of the European Union – the European Central Bank (ECB), has been accused of engaging in unfair manipulation of the euro by the United States president Donald Trump. This accusation has further escalated the already existing tensions between the US and the EU over trade and...

Global gold prices rise above $ 1,400 per ounce for the first time since September 2013

World prices for gold with immediate delivery rose on exchanges in Asia by 1.7% to $ 1,411.63 per ounce. The cost of gold rose above $ 1,400 per ounce for the first time since September 2013. The August gold futures in New York rose to $ 1,409.1 an ounce, then fell slightly, to $ 1,395.9 an ounce....

Fed loses patience, says it's ready to support US economic activity

Following the June meeting, the Federal Reserve System (FRS) of the USA left the key rate at 2.25–2.5% per annum. At the same time, the watchdog declared its readiness "to act as necessary to support expansion of the economy" and refused to promise to "be patient" in the matter of adjusting rates....

US-China trade war, slowdown in global economies may drag oil prices down

The oil market may collapse in the event of an escalation of the trade war between China and the United States, analysts of Bank of America Merill Lynch wrote in a weekly global energy report. If trade tensions between countries increase, China will refuse to comply with sanctions against Iran and...

Italy's national debt rose to a historic high € 2.373 trln

The size of the public debt of Italy in April of this year set another record and reached a historic high of €2.373 trillion, the country's central bank Bankitalia, said. Compared with March, Italy's sovereign debt grew by €14.8 billion. This can primarily be explained by increased costs of the...
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