Daily Management Review
Economics

As May Reboots U.K. Brexit Plan, She Is Hit By Credit Rating Blow

Blaming Brexit, a sluggish economy and Theresa May’s weakened political position, Moody’s Investors Service cut the U.K.’s credit rating.   Dropping the rating to what is the third-highest investment grade, the ratings agency lowered the U.K. on Friday by one notch to Aa2.   According...

Transitional Brexit Deal Desired By UK., Says UK Leader Theresa May

U.K. Prime Minister Theresa May failed to provide solid details on what this period would ultimately look like even while she said that her government wants a transition phase before her country leaves the EU completely.   Adapting to a world where the United Kingdom no longer...

As India Looks To Attract Foreign Investors, It Lists Its First-Ever Bond Index

Opening up India’s debt markets to the rest of the world, the Indian government listed its first ever bond index on the London Stock Exchange on Friday.   The index will consist of Indian rupee-denominated government bonds – a first of its kind for India and was launched in collaboration...

Eurozone’s finance ministers will continue to monitor Greece’s economy post bailout programme

With eurozone’s economic bailout package ending in August 2018, finance ministers from the group opine that post bailout Greece will need to be fully prepared before it can enter the market financing. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align:...

Canada Is Unlikely To Walk Away From NAFTA Despite Tough Talk, Experts Say

Canada’s limited success in diversifying exports leaves the nation too reliant on U.S. markets to play hardball despite Canada’s threats to walk away from NAFTA talks if necessary.   There are many tough items that are expected to be debated in the soon to be commencing third round of talks...

Will the Catalan crisis bury the Spanish economy?

The conflict between Catalonia and Spain can lead to major political turmoil and serious economic aftermath for the both sides. Next month during the referendum, the inhabitants of Catalonia should resolve the issue of independence from Spain after the decree signed earlier in September....

American refineries cannot recover after Hurricane Harvey

It's been two weeks since Hurricane Harvey hit Texas, but the volatility of the stock statistics is still there. Traditionally on Tuesday, the American Petroleum Institute (API) publishes a fresh portion of statistics. According to the latest data, oil reserves grew less than expected, and gasoline...

An Oil War Could Start With OPEC's Second-Biggest Producer Possibly Splitting In Two

Fears of regional conflict have bene prompted as tensions escalate over who owns a portion of the country's crude as an oil-rich province in the north of Iraq plans to vote in a referendum on Kurdish independence later this month.   Since the summer of 2014, when so-called Islamic...

To Stem The ‘Bags Of Money’ Lost To Loopholes, EU Seeks A Digital Tax

With the aim of raising money from an industry that they say provides less than it should to public coffers, the European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc. and Facebook Inc.   The bloc should agree to a tax on revenue -- rather...

China starts a new round of trade war with the United States

The Chinese currency’s rally ended with a sharp weakening. Over the past eight trading sessions, the offshore exchange rate of the yuan has lost 16 figures. Why? The movement of the Chinese currency rarely happens without intervention of the country's monetary authorities. This time is no...
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