Daily Management Review
Economics

Oil prices hit 13 months low

Oil quotes continue to decline on Thursday morning after they reached lows in the last 13 months on Wednesday. They continue to be pressured by fears that the epidemic of the new coronavirus will adversely affect the global economy, and hence the demand for oil, explains Dow Jones. Vulnerability to...

White House Says Trump, Modi Talks Could Lead To A Limited U.S.-India Trade Deal

After the United States president Donald Trump completed his two day visit to India, the White House has said that Trump and the Indian Prime Minister Narendra Modi have decidedly agreed to “promptly” end the current stage of ongoing negotiations on trade between the two countries which is hoped to...

Work In Manufacturing Hubs In China Restarts As Migrant Workers Come Back To Work

Hundreds of thousands of migrant workers returning to work in the main manufacturing hubs in the east and south of China as coronavirus related travel curbs are being eased in many parts of the country. Roads in these manufacturing hubs are also seen to be more full during rush hours.  ...

The U.S. Doesn’t Agree With G20 Over Climate Change Being A Risk To Economy

The G20 diplomats have informed that the U.S. is not on board with their decision to mark climate change as a risk to economy in the former’s recent draft communique. The G20 diplomats informed that the U.S. is not in favour of bringing up the issues of climate change in the “communique of the...

RBC To Open Consumer Bank In U.S. Focusing On Wealthy Clients

RBC looks to expand its services and products in the U.S. Royal Bank of Canada has plans of opening a “consumer bank” in the U.S. which is scheduled for “early next year” while it will be “targeting wealthy clients”. The aim of this venture is to expand deposits, informed the C.F.O to Reuters...

EC defines timing of work on EU seven-year budget

European Commission President Ursula von der Leyen said that work on the EU’s seven-year budget is expected to continue until the end of this year. "We must continue to work, and work continuously, because there is still a long way to go to reach an agreement," she said at a press conference on...

World’s First Central Bank Digital Currency Is Being Tested In Sweden

A step closer to the creation of the central bank digital currency (CBDC) of the world was taken after Sweden's Riksbank started test runs for an e-krona. This was announced by the central bank on Wednesday.   The Riksbank said that everyday banking activities such as payments, deposits and...

Japan's exports keep falling for 14th consecutive month

Orders for manufacturing equipment in Japan have been falling at the fastest pace since 2018. Japan's exports showed a decline for the 14th consecutive month. Exports in January fell by 2.6% year on year, according to data from the Ministry of Finance of Japan. Economists surveyed by Reuters on...

Japan Could Go Into Recession, Economy Contracts In Q4, Amid Coronavirus Threat

Japan’s economy could be headed for a recession as it reported a shrinking of the economy in the quarter ended December 31 at the fastest pace in almost six years and the impact of the deadly coronavirus outbreak in China still impending up on it in the current quarter.   The virus outbreak...

Norway’s 44% January Market Share Comes From EV Sales

The largest electric vehicle market records a rise on “year on year” sale category. Data from the “Norwegian Road Federation” revealed that in January 2020, the electric cars sales in Norway accounted for the country’s “44.3%” new car sales. The said figure has risen on “year on year” category but...
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