Daily Management Review
Economics

Indonesia's Rupiah Touched The Lowest Level In Over Two Decades

The Indonesian rupiah touched its lowest point over 20 years which prompted the country’s central bank to say that it will need to intervene to control the situation.   According to media reports, foreign exchange and bond markets would be the areas where it would intervene, said the...

Canada Not Needed In Nafta Deal; Congress Should Not Interfere: Trump

There is no need to keep Canada in the North American Free Trade Agreement, said U.S. President Donald Trump and asked the US Congress not to interfere into the trade negotiations for the Nafta rejig deal, else he would be forced to completely cancel the trilateral trade agreement.   ...

Experts forecast months of volatility for the Pound sterling due to Brexit

The pound sterling dropped below $ 1.29 on Monday after the Brexit strategy of the British Prime Minister Theresa May was criticized by both the European Union and her own party. As each side warns about the risk of hard Brexit, investors are becoming increasingly sensitive to news of the...

U.S. Wants To Sing Trade Deal With Mexico Without Canada

No trade deal emerged from the US and Canada negotiations on the rejig of the North American Free Trade Agreement (Nafta) following which United States President Donald Trump told the Congress that his administration wanted to move ahead with a bilateral trade agreement with Mexico.  ...

16 Countries Push For Asia Pacific Mega Trade Deal As US Mulls More China Tariffs

A mega trade deal that would turn out to be the largest in the world ever and creating the largest trading block in the world is being hastened between 16 economies in Asia Pacific region even as the United States president Donald Trump is getting ready to impose another round of tariffs on import...

U.S., Canada Strive To Achieve NAFTA Deal

Following the trade agreement between Mexico and the United States relating to North American Free Trade Agreement (Nafta) trade deal, the negotiations between the US and the third partner Canada have been reported to be going well.  While the negotiations are still ongoing, reports suggest...

Is the IMF pushing Argentina to a new crisis?

The central bank of Argentina raised the key seven-day Leliq rate from 45%, to 60% to stop the peso collapse, which depreciated by more than 50% since the beginning of the year. At the same time, the regulator promised that the rate will remain at this level at least until December 2018. According...

Argentina Asks IMF For Early Release Of $50bn Bailout Fund

The Argentine government wants to ease concerns surrounding the possibility among investors and markets that the country might not be bale to serve its debt obligations for 2019 and hence the International Monetary Fund (IMF) has bene requested to ensure an early release of funds from a $50bn...

Top Europe Bank CEO Says Clients Getting Hurt By US-China Trade War

The clients of a top bank in Europe have already started to feel the pinch of the global trade tariffs and have begun to change production lines and issuing profit warnings, said the CEO of the bank.   "We see clients looking to reorganize their value chains. We are making sure that either...

Why is the safest asset getting cheaper?

Gold has an image of a very reliable reserve asset, capable of withstanding any crisis or a surge of inflation with profit or at least without losses. So in turbulent times, the demand for gold and the prices for it usually grow. Why, then, is gold falling in price now? After all, there are so many...
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