Daily Management Review
Economics

China to increase its market share in dollar bonds

The release of Chinese offshore dollar bonds will reach 80% of the Asian market outside of Japan within three to five years, as support for buyers from the region is growing and the country continues to reform, Bloomberg reports citing Goldman Sachs Asset Management LP. According to Bloomberg, this...

Abe’s new tax plan gives rise to mixed reactions

Decision of the Japanese Prime Minister to continue raising taxes to increase funding for the social sphere resulted in ceasing of criticism from the tax advisers of the Japanese government, writes Bloomberg. The increase in the sales tax rate is an "extremely important step," although the spending...

Trafigura: the period of low oil prices is nearing the end

The period of steadily low oil prices is nearing its end, as demand grows and shortages of supplies are coming soon, Bloomberg reports with reference to Trafigura Group company, which is the third largest independent oil trader. The global market may face a deficit by 2019, said a representative of...

Trump draws a bead on oil in the Arctic Refuge

The Trump administration is trying to lay the foundation for the opening of the Arctic National Wildlife Refuge (ANWR) for drilling oil and gas wells. This is a rather complicated project, and there is no guarantee that it will work, but the Ministry of Internal Affairs hopes to open a possibility...

Saudis are planning the 3rd issue of bonds on the world market

Saudi Arabia has hired banks to organize a potential issue of bonds on the international market, as the largest economy of the Persian Gulf and the world's largest oil exporter is trying to solve the budget deficit problem against the background of a fall in oil prices, Reuters reports. According...

Credit Agricole to relocate its European bond trading operations to Paris from London

Financial institutions, including banks, are moving out from London in the wake of Brexit. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family: "Calibri"; font-size:...

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:...
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