Daily Management Review
Economics

Application To List Bitcoin ETF Rejected By U.S SEC

A request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency, was rejected by the U.S. Securities and Exchange Commission on Friday.   For more than three years, efforts to convince the SEC to let it bring the Bitcoin ETF...

Strong February U.S. Job Growth Reported; Wages Likely To Rebound

It is expected that the Federal Reserve will be given the green light to raise interest rates next week despite slowing economic growth as U.S. employers are likely maintained a brisk pace of hiring in February and boosted wages for workers.   According to a Reuters survey of economists...

Ireland's GDP growth is fastest in the EU

Economy of Ireland has remained the fastest growing in the European Union for the third consecutive year in 2016, although with a smaller margin than before. According to data published by the country's statistical agency on Thursday, Ireland's GDP in 2016 grew by 5.2% compared with 2015. GDP also...

Strategist Sri-Kumar Says Even One US Rate Hike Can’t Be Handled By The World Economy

There could be sweeping impacts on the U.S. as well as the world economics if there is even one small interest rate increase by the Fed, analyst and economists Komal Sri-Kumar said during a TV interview.   "I think they are going to hike" on March 15, Sri-Kumar said during the...

With $8.5 Billion Cash Call, Deutsche Bank Tests Investor Patience

As the chief executive of Deutsche Bank sought to persuade weary shareholders to sign an 8 billion euro ($8.5 billion) cheque to back his plans, he pledged on Monday to see through a strategic turnaround.   As the bank's shares sank and some expressed concerns the one proud flagship of the...

Donald Trump's trillion-dollar infrastructure plan is not going to work out

A month before becoming president in 2009, Barack Obama promised to implement a fairly ambitious program for infrastructure renewal by reconstruction of roads and bridges of the USA, which also would create a large number of jobs. Then, Obama suggested that ready-to-start projects would help in...

Caixin PMI Shows Four Month Low Growth in February for Chinese Service Sector

A private survey in China showed that increasing competition has been making it harder for companies in China to raise prices and therefore, even with new business still growing at a solid rate, activity in the country’s services sector expanded at the slowest pace in four months in February....

India retains fastest-growing major economy tag despite cash crackdown

Despite the pain caused by Prime Minister Narendra Modi's shock cash crackdown, India's economy defied expectations on Tuesday to retain the title of the world's fastest-growing major economy.   From 7.4 percent the previous quarter, Gross domestic product (GDP) growth slowed to an annual...

In Shadow Of Trump Protectionist Threat, Asian Factories Pick Up Steam

Though the outlook for many of the region's export-reliant economies remained uncertain in the wake of U.S. President Donald Trump's protectionist stance, Asian factories extended a global manufacturing revival as activity picked up steam in February.   In a welcome sign for many of the...

Talks on Greece’s Financial Bailout Review Resumes Between Athens and Lenders

With the aim of keeping the bailout funds flowing into Greece and to ensure that the crisis-hit nation is kept afloat financially, Greece and its lenders resumed talks, that had been stalled for a long time, in Athens on Tuesday related to the reforms that the debt ridden country needs to adopt to...
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