Daily Management Review
Economics

UBS Study Says In Asia, One Billionaire Created Every Two Days

According to the data available from a UBS study that was reported and published on Thursday, with one billionaire created every two days in Asia, the total billionaire wealth has soared to $6 trillion in 2016 globally.   In addition to an uptick in growth in the...

Its Massive Bond-Buying Program Extended By ECB Even As It Unveils Plan To Cut Them

While extending the length of time that its stimulus program runs, the level of bonds it purchases every month was cut by the European central Bank (ECB), it decided on Thursday.   Starting in January, from 60 billion euros, its purchases will fall to 30 billion euros ($35 billion). until at...

Five countries that can push oil prices up

Oil prices seem to be stuck in the region of $ 50 per barrel, but this does not mean that there are no risks on the market related to supply disruptions. Unexpected interruptions can occur at any time, as has already happened in the past. The geopolitical processes taking place in the world did not...

British parliament will have to decide on Brexit deal by January 2019: Davis

David Davis is Britain’s Brexit Minister. Here is his timeline for Britain’s final call on its historic decision to leave the European Union. On Thursday, Britain’s Brexit Minister informed the British parliament that it will have to decide whether to accept the government’s deal on the terms for...

Bitcoin Gold, A New Cryptocurrency Created By A Split In Bitcoin Has Plunged 66% Since Creation

With the newly-created bitcoin gold seeing its value plunge over 60 percent, the price of bitcoin took a hit after the cryptocurrency underwent another split.   Before recovering nearly $300, bitcoin hit a low of $5,374.60 on Wednesday. The "hard fork" that occurred Tuesday preceded the...

How soon will a default occur in Venezuela?

Last week, the government of a country, which possesses the world's largest oil reserves, failed to make payments on coupon income on bonds totaling $ 586 million. However, these payments have preferential periods of 30 days, which Venezuela used. The country is trying to find means to pay off...

The EU’s banking regulators should prepare for a cliff-edge Brexit scenario: BaFin

In the post-Brexit scenario regulators will need to have a tool set to correct temporary market distortions. On Tuesday, Germany’s top financial regulator stated, the EU’s banking regulators will need temporary fixes in the event of UK-based banks facing a cliff-edge after the Brexit regulations in...

Saudi Arabia to open doors to foreign investors

Saudi Arabia is pondering a plan that will allow non-residents to become strategic investors in companies whose shares are quoted on the exchange, reports Bloomberg. The capital market department (CMA) and the Saudi Arabia General Investment Authority (SAGIA) signed a memorandum on the creation of...

Abe wins; the yen is falling, stocks are rising

The yen weakened, and Japanese stocks rose amid a stunning victory in the lower house of parliament of Prime Minister Shinzo Abe. Early elections were won by the ruling coalition - the union of the Liberal Democratic Party and the center-right party Komeito. Abe’s coalition won 281 of the 465 seats...

Bitcoin Hits A New Record High, Smashes Through $6,100 Barrier

Breaking through the $6,100 barrier, bitcoin set a new record high on Saturday.   According to data from industry website CoinDesk, just a day after pushing through the $6,000 mark, the cryptocurrency hit an all-time high of $6,147.07.   another upcoming split in bitcoin known as a...
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