Daily Management Review
Economics

China-US Agrees To Phase Out Tariffs Imposed By Both: Beijing

The Chinese commerce ministry said on Thursday that the tariffs imposed by both the countries during their months-long trade war would be lifted in a phased manner and an agreement to this effect has been arrived at by China and the United States. No specific timetable was however provided by the...

Fourth US bank goes bankrupt in 2019

The US authorities stopped the City National Bank of New Jersey, which became the fourth bank to be closed in the country since the beginning of this year, according to a press release from the American Deposit Insurance Corporation (FDIC). Deposits of this bank will be transferred to Washington...

Bolivia refuses to mine lithium jointly with Germany

The German ACI Systems and the Bolivian YLB were going to mine lithium together on Lake Uyuni in Bolivia. According to unofficial information, President of the country decided to abandon the project. Bolivia abandoned a joint lithium mining project with Germany, the Bolivian news agency ABI...

Central Bank of China lowers key rate for the first time since 2015

On Tuesday, the People’s Bank of China lowered its key interest rate, which should help reduce the cost of financing amid a slowdown in economic growth. The bank said in a statement that the rate via the medium-term lending facility (MLF) will be lowered to 3.25% from 3.3%. The central bank uses...

U.S.-China Trade Agreement Could Emerge Soon, Progress Made In High Level Talks

Negotiations on a trade deal between the United States and China are progressing well, said the two countries signaling light at the end of tunnel of a 16 month old acrimonious trade war between the two countries. According to US officials, trade deal that will end the trade war which has roiled...

US may reconsider tariffs on imported cars

The US presidential administration may completely abandon the increase in tariffs on imported cars, said the country's Minister of Commerce Wilbur Ross. According to him, there is a possibility that the tariffs will not be needed after “good negotiations” with Japanese, European and South Korean...

Better Than Expected Growth In China’s Manufacturing Activity For October, Shows A Private Survey

Despite the general slowdown in China’s economy, the country’s October factory activity had grown at the fastest rate since February of 2017, showed a private survey in the country.    According to a joint press release by Caixin and IHS Markit released on Friday, for the month of...

Fall In Global Output Of Wine Following Bumper Production In 2018

A leading international body in the wine industry has said that there has been about a 10 per cent drop in wine production across the globe in the current year as the most unfavorable weather conditions hit the major wine producing countries of France, Italy and Spain.   The global output...

US & China Will Declare New Place For Trade Deal Signing, Says Trump

A new venue where the United States President Donald Trump and Chinese President Xi Jinping will sing the so called ‘phase one’ of the trade deal between the two countries would soon be announced by China, Trump said on Thursday.   The Asia-Pacific Economic Cooperation summit that was...

Offshore Wind Energy Market Could Value ‘$1-Trillion’ In The Near Future

IEA reports that offshore wind turbines have the capacity to help the world in reaching sustainable energy targets by reducing cost and CO2 emissions. As per the International Energy Agency, offshore wind could be the foundation the world was looking as renewable energy source.   It is...
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