Daily Management Review
Economics

Revenues from Arab oil exports fell by $ 24 billion

Exports of crude oil from Arab countries amounted to $ 50.4 billion in the I quarter of this year, local media reported. This is $ 24 billion less than volume of crude oil exported by the Organization of Arab Petroleum Exporting Countries (OAPEC) in the first quarter of 2015. This reduction is a...

Low-Rates & ‘Flatter Yield-Curve’ Challenge Financial Institutions

The long-term low rates worry the U.S. Banks. Amid the preparation of mortgage bankers for “a historic boom” to have reached its end thanks to the “low interest rates”, the borrowers too have started to knock at bankers’ door once again.   According to last week’s earnings reports:...

JPMorgan proposed a plan to rescue the Italian banks

Three months ago, when the banking problems in Italy resumed, it was decided to use Atlas financial assistance fund. However, this did not rectify the situation. Indeed, Atlas fund, volume of which amounted to 5 billion euros, could not save the Italian banks. They, besides the point, have...

China Second Quarter Growth Strength Surprises Many but Also Reveals Growing Risks

With suggestions emerging that future weakness which could pressure the government to roll out more support measures, in the second quarter private investment growth shrank to a record low in China even though the country’s economy expanded slightly faster than expected in the same period.  ...

Globalization: the world looks better without walls

Globalization is an unstoppable force, which inevitably makes the world more united. Now, however, it seems to be receding. Trade growth has not yet reached the pace that had been marked before the financial crisis of 2008. Donald Trump is building his campaign on fears about free trade and...

U.S. Pushes China to Comply to Trade Enforcement Agreement in case of Raw Material Export Duties

Arguing they violate Beijing's commitments to the World Trade Organization (WTO) and give an unfair advantage to Chinese manufacturers, the United States challenged China's export duties on nine key metals and minerals.   China said that the duties had been imposed as part of efforts at...

Chinese Second Quarter Economic Growth Potentially to be Weakest in Seven Years at 6.6 Percent,

As the industrial sector loses steam and a boost from financial services fades, China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter according to a Reuters poll of 61 economists.   Prompting the government and central bank to roll out more...

Deutsche Bank asks for €150 billion-worth bailout

Problems of Italian banks, escalated after Brexit, are getting worse day by day. Bad debts of t360 billion can trigger a complete collapse of the banking sector. Now, however, Deutsche Bank has become the main risk. Italian Prime Minister Matteo Renzi said that he is unilaterally willing to spend...

Newspaper says SNB says Ready to Adapt in Post-Brexit Market

SNB Chairman Thomas Jordan said in a newspaper interview published recently that the Swiss National Bank must be ready to react flexibly to any short term threats or opportunities arising from Brexit.   "The question for Switzerland is to know how best to adapt. Right now it is still a bit...

Central Banks Seeking Clarity on Outlook Clouded by Brexit Fog

For most part of the year, the U.S. Federal Reserve and policymakers were able to plot further interest rate increases due to the dollar, oil prices and economic conditions.   However questions like how much does it reflect domestic economic developments and how much the short and long-term...
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