Daily Management Review
Economics

Germany supports updated Basel III

German regulators are supporting a compromise over the adoption of new global rules of banking aimed at avoiding the recurrence of the financial crisis of 2007, their representative said, quoted by Reuters. The rules known as Basel III are already 10 years old, and recent efforts to reach agreement...

Regulators are trying to damp down excitement around the ICO

In July, the famous American professional boxer Floyd Mayweather wrote in Instagram: "I'm going to earn a terrific amount of money on August 2 with Stox’s ICO." This was, in fact, the first advertising campaign for the "initial placement of coins," in which cryptographic coins, or tokens, with the...

NIESR Report Suggests UK Is Potentially Being Made Poorer By Its Property Obsession

A recent research suggests that there have been potentially damaging impacts on the pension savings and the larger UK economy by the crowding out of long term savings and investments due to craze for home ownership in the country.   a study by the National Institute of Economic and...

Conference Board Predicts 3 Percent Global GDP Growth In 2018 And Continued Momentum From 2017

In the latest Global Economic Outlook 2018, the Conference Board estimated that through 2018, a growth rate of 3 percent would be clocked by the global economy after the growth surpassed the expectations in 2017.   "Global growth has finally left the starting gate since the global economic...

China is stocking up for winter

China returned to the accumulation of oil reserves in November, which was a serious rebound compared to September and October, when stocks fell by more than 120 million barrels according to Orbital Insight Inc. During the first 9 days of the month, the country’s oil reserves grew by about 37...

Chinese economy is slowing: Does it mean a hard landing?

Economic growth in China slowed in October, while the credit risk management campaign is gaining momentum, and the Communist Party declared a less strict approach to achieving growth targets, Bloomberg reports. Industrial production in October rose by 6.2% in annual terms after an increase of 6.6%...

Who owns the US debt?

The debt of the United States is about $ 20 trillion. And when it comes to who owns American debt, everyone recalls China, Japan and other big countries-holders of Treasuries. However, many do not know that the Social Security Trust, known as pension money of Americans, owns most of the public...

ECB should continue its economic stimulus policy: ECB’s vice president

The reasons he has cited for his view is the prevalence of falling unemployment and loitering inflation at around 2% despite strong economic growth within the Eurozone. On Monday, the European Central Bank’s vice president, Vitor Constancio stated, the central bank’s monetary policy must remain...

Business Interests of U.S. In Cuba, Once Blooming Under Obama, Now Wilting Under Trump

In what can be read as a sign for the declining interest of U.S. firms to do business in Cuba since Donald Trump took over Presidency, there were only 13 U.S. companies that took up stands at this year’s Cub’s trade fair.   The top-ranking event on Cuba’s business calendar saw the...

Commerzbank Come Under The Radar of German Prosecution For A Case Related To ‘$47 million’ Tax Evasion

Ex-employees as well as some current managers of Commerzbank are being held as suspects for a case of tax evasion which is estimated of being as much as “$47 million”. As a result, the German officials have visited their offices as well as private homes. On Friday, prosecutors searched the offices...
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