Daily Management Review
Economics

‘Calmer Markets’ Boost Revenue Growth Of The Leading Global Banks

12 largest investment banks in the world recorded revenue increment in the first half of 2017. The first six months of 2017, brought a revenue increment in the twelve largest banks of the world owing to a “stronger performance in the underwriting of debt and equity issues” in comparison to its...

‘Wave Of Privatisation’ Takes Off In France & Moves Towards ‘Planned Innovation Fund’

The Ministry of Finance in France, under the President’s wish, sells Engie’s stake and begins to “redeploy state funds locked up in companies”. The government of France has up its sleeves a plan of “asset sales”, whereby the same process was kick started by selling off “a 4.5 percent stake in gas...

Core systems at energy companies may have been compromised by hackers: Symantec

Security researchers at Symantec have raised concerns regarding core systems at industrial firms, including those in the United States and Europe, being compromised by attackers, who could leverage them for destructive purposes in the event of a major geopolitical conflict. Researchers at cyber...

Why is the ECB concerned about the strong euro?

The euro’s value began to grow again and on Tuesday, August 29, reached the level of 1.20 against the dollar. In part, this reflects the restored health of the European economy. Also, this is a result of a return to pro-European politics. However, some in the European Central Bank are concerned...

Investors are preparing for a bumpy September

The S&P 500 index is declining as the situation in the Korean peninsula is worsening and flooding in Texas keeps bringing unpleasant consequences. Unfortunately, this is only the beginning. September 2017 promises a lot of large-scale events and events that will set the tone for financial markets...

Despite Plenty Of Conflicts, They'll Be No US-China Trade War, Prominent Chinese Economist Says

A member of the monetary policy committee at the People's Bank of China is of the opinion that there is unlikely to be any change in the relationship between China and the U.S which, according to that expert, has always been tense when it comes to trade.   "Look back 20 years ago, the...

There May Be Breakdown In Trump's Aggressive Drive Against One 'Horrible' Trade Deal

South Korea is one country may manage to stymie major changes in the aggressive drive by the Trump administration to renegotiate U.S. trade deals.   Threatening to terminate it, the U.S.-Korea Free Trade Agreement, known as Korus, was described as a "horrible deal" that has "destroyed" his...

President Macro Clarifies Ambiguity On Conflict With Barnier To Be Wrong

The President of France reiterates his “will” of directing Brexit trade discussions under Barnier’s negotiations. A re-affirmation has come from the President Emmanuel Macron of France to maintain his support towards Michel Barnier, the Chief Negotiator of E.U, whereby keeping the “only point of...

While Inflation Retreats, Consumer Spending Rises Modestly In The U.S.

Expectations of an interest rate increase in December could be diminished by the data of U.S. consumer spending which showed that annual inflation increased at its slowest pace since late 2015 with a rise on consumer spending that was less than expected in July.   Creating a conundrum for...

Why banks are terrified of the future

Head of JPMorgan Chase, James Dimon, whose bank ousted Citi from the top of the list of financial giants, recently said that he is primarily an American patriot and only then a bank manager. Yet, his strategy, in which international markets occupy an important place, hardly reflects this position....
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