Daily Management Review
Economics

Global Companies Lower Sales and Profit Forecasts Amid Economic Pressures

Companies around the world are revising their full-year sales and profit forecasts downward, impacted by rising interest rates and economic weakness in China. This adjustment has dampened the outlook for earnings growth this quarter.   Several prominent companies, including McDonald’s,...

Unexpected Shrinking Of German Economy. Hike In Inflation

The largest economy in the euro zone, Germany, continued to suffer as the economy unexpectedly shrank in the second quarter after avoiding a recession at the start of the year and July's inflation increased.   In comparison to the preceding three-month period, Germany's gross domestic...

Cocoa bean prices fall to lowest since March

Futures prices for cocoa dropped to levels not seen in over four months due to anticipation of lower demand and more supply. According to Bloomberg, the price of the most commonly traded cocoa bean futures contract in New York dropped by 4.4% to $6,650 per ton on Monday. Though demand for the raw...

Foreign direct investment in China fall by almost 30% in the H1 2024

Mainland China's economy received 29.1% less foreign direct investment (FDI) in January–June compared to the same period previous year. The value was 498.91 billion yuan ($68.7 billion), as reported by the Ministry of Commerce of the nation. High-tech manufacturing accounted for about 12.8% of...

BOJ's Triumphant Deflation Lap Opens The Door For A Round Of Rate Hikes

According to insiders and commentators, the Bank of Japan is paving the way for a period of consistent interest rate increases by declaring success in its protracted war against deflation. This comprehensive reassessment of previous policies acknowledges notable changes in consumer behaviour....

US Fed Is Expected To Keep Rates Unchanged For The Last Time As The Inflation War Comes To A Close

At its two-day policy meeting this week, the Federal Reserve is anticipated to keep interest rates unchanged while noting that inflation has started to approach the 2% objective set by the American central bank. This might lead to a reduction in interest rates as early as September.   Prior...

Trump Promises To Build A Bitcoin "Stockpile," Citing Competition From China

In his most recent attempt to lure cryptocurrency supporters—which Beijing has banned and which he previously called a "scam"—Republican presidential candidate Donald Trump stated at a bitcoin conference on Saturday that the United States must lead the industry or China would.   Speaking at...

Declining Rate Of US Inflation Supports September Fed Rate Reduction Expectations

June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way for the Federal Reserve to start reducing interest rates in September.   Consumer spending somewhat decreased last month,...

Despite A Failing Economy, China's Industrial Earnings Posted Stronger Rises In June

Official statistics released on Saturday revealed that China's industrial earnings increased quicker in June despite firms facing a slowdown in consumer mood amidst an uncertain economic rebound.   According to National Bureau of Statistics (NBS) statistics, profits increased 3.6% year over...

Fed Expected To Hold Off Next Week And Lower Rates In September

Fresh evidence of success in the fight against inflation was provided to U.S. Federal Reserve officials on Friday, raising hopes that they will use their meeting next week to announce interest rate decreases beginning in September.   The Bureau of Economic Analysis of the Commerce Department...
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