Daily Management Review
Economics

Bloomberg: Chinese companies are refusing to purchase Russian oil

Chinese oil refineries are declining to buy oil from Russia after the US and other nations imposed sanctions on Russian oil firms, according to Bloomberg, referencing traders. State-owned behemoths like Sinopec and PetroChina Co. have opted for this course of action, according to the agency....

Lagarde: The ECB is in a good position regarding monetary policy

The European Central Bank (ECB) is still in a strong position to maintain its current approach to monetary policy, said ECB President Christine Lagarde after the October meeting. She made this point during various press conferences, highlighting the ECB's capability to manage both potential...

Trump’s Nuclear Testing Push Rekindles Cold War Anxiety and Political Turmoil in Washington

President Donald Trump’s surprise directive for the U.S. military to “start testing our Nuclear Weapons” has unleashed a storm of fear, confusion, and geopolitical concern across Washington and allied capitals. The late-night social media post, which instructed the Pentagon to begin testing “on an...

Global Central Banks Embrace Cautious Pause on Rate Cuts as Risks Loom

Major central banks around the world are increasingly signalling a cautious stance towards further interest‐rate cuts, even as economic growth softens and inflation edges lower. The pivot by the Federal Reserve in the United States toward caution has been mirrored by a broader convergence of...

China Deepens Economic Rebalancing as Push for Consumption Takes Center Stage

China is signaling a decisive shift in its economic direction as policymakers prepare to anchor the next phase of growth around domestic consumption rather than investment and exports. After decades of relying on capital spending and foreign demand to fuel expansion, Beijing now faces the limits of...

US Fed’s Reluctant Rate Cut Marks Turning Point as Powell Signals End of 2025 Easing Cycle

The Federal Reserve lowered its benchmark interest rate by a quarter-point for the second consecutive meeting, but Chair Jerome Powell emphatically signalled that further reductions this year are far from assured. The move reflects a deepening tension between the central bank’s twin mandates of...

Japan’s Energy Calculus: PM Takaichi Rebukes U.S. Request to Shun Russian LNG Imports

Japan’s new Prime Minister Sanae Takaichi firmly resisted U.S. pressure to halt imports of Russian liquefied natural gas (LNG) during her first high-level meeting with President Donald Trump in Tokyo. The exchange highlighted Japan’s delicate balancing act between maintaining alliance solidarity...

U.S. Cuts China Tariffs Following Landmark Xi-Trump Summit: Unpacking the Motives and Mechanics

In a significant turn of events in the fraught U.S.–China economic relationship, President Donald Trump announced a reduction in tariffs on Chinese imports after a face-to-face meeting with Chinese President Xi Jinping in Busan, South Korea. The encounter marked their first in person since 2019 and...

U.S. Senate Moves to Repeal Brazil Tariffs, Signaling Shift in Trade Power Dynamics

The U.S. Senate on Tuesday passed a resolution by a 52-48 vote aimed at terminating the 50 percent tariffs imposed on Brazilian imports under a national-emergency declaration issued by President Trump. Five Republican senators crossed party lines to join all Senate Democrats in backing the...

How the Trump Family Turned Political Power into a Global Crypto Empire

A Reuters investigation reveals how the Trump family has built a vast, globe-spanning network of cryptocurrency ventures, transforming their business empire into one of the most lucrative and politically sensitive financial machines in modern U.S. history. The centerpiece of this transformation is...
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