Daily Management Review
Economics

US Sanctions Talking Toll On Iranian Economy

Sanctions on Iran by the United States are currently in full swing and have been targeted at the oil, energy, banking, metals and shipping sectors of the country. Ever since the sanctions were first implemented last year after the US president Donald Trump withdrew from the landmark 2015 nuclear...

European banks are short of dollars

Dollar liquidity is shrinking, which leads to strengthening of the US currency. Besides, it is causing problems in some banks that are short of dollars. One of the reasons for this can be called a large-scale US borrowing program. For the III quarter, the US Treasury plans to borrow $ 434 billion....

US Consumer Confidence Index collapses to lowest since 2016

The consumer confidence index in the United States in August 2019 decreased to 89.8 points from the July level of 98.4 points, according to the final data of the University of Michigan. The index value has become minimal since October 2016. Preliminary data indicated a decrease in the indicator...

Trump Says Trade Officials Of US And China Will Meet In September

While there would not be any delay in the implementation of the tariff increases on Chinese goods – set to take effect from September 1, there would be talks on a trade agreement between the United States and China in a face-to-face meeting in September, said the US president Donald Trump.  ...

Japan Could Suffer Due To Its Curbs On High-Tech Materials Exports To South Korea

In the long run, there can be a backfire of the decision of Japan to curb exports of high-tech materials to South Korea and the country could see it dominating position in being the crucial link in the global chip supply chain could be eroded, according to suppliers and experts.   Last...

World Gold Markets Flooded With Dirty Gold Carrying Fake Brand Logos

The global gold industry is being quietly roiled by a forgery crisis.   According to recent reports, laundering of smuggled or illegal gold is taking place wherein logos of major refineries are being fraudulently embossed on gold bars and being inserted into the global gold market.  ...

British Prime Minister Suspends Parliament Just Before Brexit

The United Kingdom parliament would be suspended for a month according to a move by the country’s prime minister Boris Johnson. The country is set to exit the European Union on October 31 and this move by Johnson strips the lawmakers of most of the options to stop a no-deal Brexit.   UK...

US-China Trade War Catches A Number Of American Companies In Its Crossfire

United States president Donald Trump had said, while he announced a new round of import tariffs on Chinese goods last week, that he was willing to sever all ties with China if needed to make Beijing agree to a trade deal.    "We don't need China," the president tweeted, "and, frankly,...

US budget deficit will exceed $ 1 trillion in 2020

The August agreement between Democrats and Republicans to add up to the US budget borrowing limit will lead to an increase in its deficit to $ 1 trillion as early as fiscal year 2020. In general, a gradual increase in the deficit will lead to growing volume of US public debt over the next ten years...

French-US Tensions Over Tax On Large Tech Companies By Paris Diffused By Macron

A deal was reached between the United States and France to put an end to their dispute over the 3 per cent technology tax imposed by Paris on large tech companies. However no confirmation was provided by US President Donald Trump about whether this deal meant that his threat of retaliatory tariff...
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