Daily Management Review
Economics

Why Aramco's IPO is a juicy contract for investment banks

When there was news that Saudi Arabia announced possible IPO of its state-owned oil company in January, the first reaction on Wall Street was a shock. Later, however, Dubai - the financial center of the Middle East - received a lot of calls from bankers in London and New York. Investment banks...

Nissan sued South Korea

The Japanese company Nissan filed a lawsuit against the Ministry of Environment of South Korea. According to the company’s representatives, the authorities has wrongly accused Nissan of cheating and understating the actual emissions of harmful substances. Earlier, the Ministry demanded from Nissan...

Chance to Take Away London Finance Crown by Scotland Presented by Brexit

According to U.K. lawmaker Mark Garnier, there can be a silver lining for Scotland despite all the uncertainty that Scotland faces with the cloud of Britain’s exit from the European Union.   Scottish First Minister Nicola Sturgeon described a second independence referendum north of the...

JV for Gas Generation, Underground Gas Storage in China Signed Between Gazprom And CNPC

Even while China’s worst economic slowdown in a quarter century batters demand, Gazprom PJSC, the world’s top natural gas exporter, will join hands for a new contract with the Asian nation as President Vladimir Putin travels to Beijing. TASS reported that a a memorandum of understanding on...

Google says ‘Surge’ in Searches on Irish Passports post Brexit

A majority of the UK electorate has chosen to turn its back on EU - the biggest political project in the world and according to Google a lot of the voters aren’t really sure. At around midnight British time, two hours after the referendum polls closed, Google's Trends Twitter account...

What Brexit has already done

Irish low-budget airline Ryanair has arranged sale of tickets to Europe, linked to the outcome of the referendum in the UK. The sale will be held during the day. Ryanair has released 1 million extremely cheap tickets, marketing them under "Need to escape?" slogan. The advertising depicts three...

Brexit Fallout – BlackRock’s top investment strategist says Sterling could weaken further

Confusions reigns in financial markets as a fallout of Brexit. Investors seen dumping assets even those that are not related to Brexit – such as U.S. stocks and bonds from emerging markets. As per Ewen Cameron Watt, a top investment strategist at BlackRock Inc -the world’s largest asset manager...

OPEC's revenue from oil exports fell to a six-year low

Yesterday, the Organization of Petroleum Exporting Countries (OPEC) has presented a report on situation in the oil production market at the end of 2015. The cartel said that revenues from oil exports reached $ 518 billion, which is 46% less than a year earlier, and is the lowest since 2005. The...

Bremain Hope Pushes Stock Futures At Its Pinnacle In Comparison To Its Recent Performance

The rise on stock futures shows a supporting trend towards Bremain camp. The futures of the United States’ Stock Index mounted to their “highest” on 23rd June 2016, for the investors were quite confident that Britain would continue its membership of EU after the fateful voting session, whereby...

Speculations Of Bremain Makes The Pound Soar Against Dollar

In the hope of Britain retaining the EU membership, pound jumps up to the top, while the opposite result may bring the same crashing downward. On Thursday, 23rd June 2016, pound reached the highest figure over last six months performance in comparison to “US dollar”. The said position of pound...
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