Daily Management Review
Economics

After Steel, Next to Face China Coal Pain After Steel Are Japan’s Power Producers

Japan’s power producers are set to pay for China’s coal policies after the nation’s steelmakers faced the same fate sometime back.   According to UBS Group AG and Morgan Stanley, after China’s efforts in 2016 to trim overcapacity led to a more than doubling of spot prices, Bottom...

Global Trade At The Risk Of Getting Hurt: ECB’s Visco

The economic policies of Trump worries policy makers at ECB who foresee the possibilities of a hike in the interest rates of the U.S. Ignazio Visco is the policy maker at the European Central Bank, who informed that the global trade could get hurt by the economic policies observed by President...

U.S. Tax Overhaul Baked By Boeing And Other Aerospace Manufacturers

Claiming that a set of changes Republicans proposed last year - including a big cut in the corporate tax rate - will make them more competitive globally and help create U.S. jobs, Boeing Co and about 90 other aerospace companies are urging U.S. Congress to overhaul the U.S. tax system.  ...

The EU: United Kingdom owes nearly € 2 billion customs duties

The European Union is accusing London of customs fraud. Because of unfair operations, the EU budget lose 2 billion euros, experts say. According to OLAF, the European Commission's Anti-Fraud Office, the UK owes the EU about 2 billion euros. This amount appeared as a result of unfair operations with...

China is the most active international investor

Results of 2016 showed that Chinese companies invested $ 225 billion in foreign business in total, which makes China the world leader in this indicator. This achievement looks even more surprising as the country's leadership is fighting with outflow of capital abroad. Chinese companies and...

For The ‘First Time’ Ever Bitcoin Overtakes Gold Trading

Bitcoin has similar features as gold, while its popularity within a short span of time suggests promising future that could end the present currency system. Even though the trading of gold dates back to “hundreds of years”, lately the less than a decade old bitcoin crypto-currency seem to challenge...

German Economy Supplies ‘International Financial Services’ By ‘Stable Banks’

The ministry of finance in Germany makes its reaction public in regards to Deutsche Bank’s decisions. The Finance Minister of Germany said that the government has been happy to side with its banks’ efforts of increasing capital. However, there was no specific comments on Deutsche Bank’s plan of...

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...
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