Daily Management Review
Economics

The Number of New Buildings in the United States Reached a Record for 8 Years

The number of houses, construction of which began in the US in July, rose up 0.2% from the previous month and amounted to 1.206 million in terms of annual growth, according to the Ministry of Commerce. This is the highest figure in nearly eight years - from October 2007. According to some data,...

Japan Economy Contracts, Delivers Blow to 'Abenomics" Growth Plan

After China now it is the turn of Japan. The economy of the ‘Country of the Rising Sun’, the third largest economy of the world,  posted an output contraction of 0.4% in the first quarter of the current fiscal sending jitters waves across global markets. This poor result is despite the...

Millennial Customers Most Lucrative for Financial Advisors in 2015: Hartford Funds Survey

There is good news for the financial advisers if the analysis of Hartford Funds is to be believed. The form has suggested that in the next couple of years, Youth clients can be the prospective targets for financial advisers, a target group that the advisers have been pro-actively following and...

China Warned about the Volatility of the Yuan and Renounced the Currency Wars

China's central bank issued a statement in which it warned investors that the yuan would soon be experiencing fluctuations in both sides. Allegedly, the government does not intend to participate in the currency wars, and will intervene in the market only in exceptional cases. The People's Bank of...

British Corporate Honchos Get Paid 183 Times Compared to the Average Worker

The wage gap between the highest paid and the average worker is widening in the UK, according to a recent survey. The survey conducted among CEOs from the UK's top 100 listed firms showed that the top executives earned 183 times more than their companies' average worker in 2014. A year ago this...

Hong Kong's Economic Growth Surpassed Forecasts

Hong Kong's economy in II quarter 2015 increased by 0.4% compared to the previous three months, the government said in a statement. GDP growth in the April-June slowed down in comparison with I quarter, when it amounted to 0.7%, but was better than the average forecast of analysts surveyed by...

U.S. Crude Oil Market Tumbles Taking Asian Crude Prices With It

Fears of a global oversupply of crude oil following huge stockpiles and refinery shutdowns forced the price of US crude to its lowest in almost six-and-a-half years on Friday. Friday’s fall was preceded by more than 3 percent on Thursday as reports of a rise in stocks of more than 1.3 million...

Eurozone GDP Misses Forecast in Second Quarter, France Germany Underperform

The Eurozone economy fared below expectations in the first quarter, data released on Friday showed. The combined gross domestic product (GDP) of the 19 countries in the Economic block grew 0.3% quarter-on-quarter in the three months to the end of June, which represents a 1.2% climb year-on-year,...

Greek Parliament Votes in Favor of 3rd Bailout Package, 42 Ruling Party Members Oppose

Greece moved one step closer to being able to repay the debt to European Cnetral bank and remain with the Eurozone after its parliament approved a draft third bailout of about €85bn (£61bn). Aided by votes from opposition parties, the parliament passed the package after a marathon all-night...

Chinese Central Bank Tries to Sooth Markets, Says Further Fall in Currency Unlikely

After devaluing the yuan for three consecutive days earlier this week and sending jitters through the global markets, the Chinese central bank on Thursday tried to install some confidence among the world market by that there was no reason for the yuan to fall further given the country's strong...
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