Daily Management Review
Economics

Saudi Arabia Could Lower Oil Prices In August For Asia For The Second Month

Leading oil exporter Saudi Arabia may lower the pricing of the crude grades it supplies to Asia for a second month in August, following Dubai's decline as a benchmark for the Middle East, according to trade sources.   Around 80% of Saudi Arabia's oil exports go to Asia, thus the prospective...

China's Services Industry Growth Slow Down And Manufacturing Activity Declines Once More In June

According to an official survey released on Sunday, China's industrial output declined for a second consecutive month in June while services activity dropped to a five-month low. These findings support the need for more stimulus as the country's economy continues to struggle to recover.  ...

Leading US Banks Increase Dividends Following A Flawless Fed Stress Test

In the Federal Reserve's annual health check, American banking titans demonstrated that they had sufficient capital to survive significant market and economic volatility by announcing intentions to increase their third-quarter payouts on Friday.   The biggest lender in the United States,...

With US Inflation Declining In May, Expectations Rise For A US Fed Rate Decrease

Because of the biggest decline in goods prices in six months and a little increase in the cost of services, U.S. monthly inflation remained steady in May, indicating that the Federal Reserve would likely begin reducing interest rates later this year.   The Commerce Department's data,...

Possibility Of Sharp Fall Of Japan's GDP Might Impact Monetary Policy: Economists

According to some experts, a rare unexpected adjustment to Japan's GDP for the first quarter might result in a severe reduction, which could have an impact on the central bank's growth projections and the timing of its next interest rate rise.   The government said on Tuesday that it will...

Trump Outperforms Biden In The Meme Market

In the realm of political meme coins, at least, Donald Trump has established a clear lead against Joe Biden.   Recently, as the November U.S. presidential election approaches and the bitter rivals get ready for their first public debate, the volume and value of cryptocurrency tokens...

An Unsettling Example For EU Industries Is The Australian Wine Industry

China tariffs hit Australia's wine sector, which scrambled to find new markets, import grapes, and approach the government for assistance, but was unable to counteract the impact of declining exports, according to industry leaders.   That suggests what might be in store for the food and...

As Discussions Begin, China Wants The EU To Abandon Its Plans For EV Tariffs

After agreeing to discuss a potential settlement, Beijing wants the EU to abandon its intentions to slap provisional duties on Chinese electric car imports by July 4, according to China's state-run Global Times.   By July 4, imports of electric vehicles (EVs) manufactured in China will be...

BoJ Rate Rise Path Is Obscured As Demand-Driven Inflation In Japan Slows Down

Data released on Friday revealed that while energy taxes caused Japan's core inflation to increase in May, an indicator that eliminates the impact of fuel decreased for the ninth consecutive month, making the central bank's choice over whether to hike interest rates more difficult.   The...

Swiss central bank cuts rate to 1.25% from 1.5%

The Swiss National Bank (SNB), lowered the benchmark interest rate by 25 basis points, to 1.25% annually. This was in line with most analysts' predictions. The central bank lowered its rate in response to declining core inflation for the second week in a row,. "SNB will continue to closely...
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