Daily Management Review
Economics

The Biden Government Would Impose Inflation Penalties On Dozens Of Pharmaceutical Companies

The White House said on Thursday that the Biden administration would impose inflation penalties on hundreds of pharmaceutical companies, thereby lowering Medicare beneficiaries' out-of-pocket expenses.   A section of President Joe Biden's Inflation Reduction Act (IRA) penalises...

Fitch raises iron ore and coal price forecast for 2023-2024

The international rating agency Fitch Ratings updated its short- and medium-term pricing estimates for coal, iron ore, and base metals. These estimates are used in the agency's projections of operating activities and the financial performance of industry participants. The agency said in a statement...

In 2023, Bitcoin Proves Its Sceptics Wrong

Was 2022 the year that "broke bitcoin"? If so, 2023 has been the year of healing from trauma.   Fortunately, despite low trading volumes, weak cryptocurrency prices, and challenging economic conditions, Bitcoin has rebounded. After a summer lull, it even got a boost in October.  ...

Survey Finds UK Businesses Delay Investing In China As Growth Decelerates

According to the British Chamber of Commerce in China, 60% of British businesses believe that a slowing Chinese economy will pose a greater obstacle to their operations in the massive Asian nation than the severe COVID restrictions that were in place until late last year.   The chamber's...

Indian exchange NSE may overtake Hong Kong in total capitalization of issuers

According to the Financial Times, the National Stock Exchange of India (NSE) could soon overtake the Hong Kong Stock Exchange in terms of issuers' total capitalization and rank seventh globally. The World Federation of Exchanges (WFE) reports that as of the end of October, issuers whose shares were...

Goldman Sachs Predicts The First Of Two Fed Rate Cuts For 2024 In Q3

The U.S. Federal Reserve is now expected to drop interest rates twice in 2019, with Goldman Sachs pushing back its prediction for the first reduction to the third quarter due to declining inflation.   As previously forecasted by the brokerage, the Fed will start lowering rates in December of...

As UK Consumers Pass On Pricey Gifts, Confectioners Anticipate A Boost From The Holidays

This Christmas season, Mondelez, the owner of Cadbury and creator of Quality Street, is witnessing increasing candy sales in Britain due to budget-conscious consumers looking for less expensive presents.   Analysts and consumer companies report that this year's shoppers are purchasing gifts...

UN requests $46.4B for its humanitarian operations

The UN Office for the Coordination of Humanitarian Affairs stated on its website that the UN has asked for $46.4 billion for its humanitarian operations in 2024 to serve an estimated 181 million people in 72 countries. "On behalf of more than 1,900 humanitarian partners around the world, the UN...

Factory-Gate Deflation In China Is Intensifying, With Consumer Prices Falling At The Fastest Rate In Three Years

In November, factory-gate deflation intensified and consumer prices in China dropped for the first time in three years. This suggests that deflationary forces are intensifying as the economic recovery is questioned due to weak domestic demand.   According to data released on Saturday by the...

November Saw Strong Growth In US Job Market After The Strikes Ended, But At Slower Pace

November saw a significant pick-up in U.S. employment growth as thousands of actors and autoworkers returned to the workforce following strikes; nevertheless, the underlying trend is likely to indicate a cooling labour market.   Views that the Federal Reserve is done hiking interest rates...
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