Daily Management Review
Economics
US Fed's Powell Sets The Stage For Higher And Perhaps Quicker Rate Increases

US Fed's Powell Sets The Stage For Higher And Perhaps Quicker Rate Increases

The Federal Reserve will most likely have to increase interest rates more than anticipated in the face of current strong data, and it is prepared to take larger steps if the "totality" of incoming information indicates that tougher measures are required to control inflation, Fed Chair Jerome Powell...
JP Morgan: There is 15% chance of recession in USA in the first half of 2023

JP Morgan: There is 15% chance of recession in USA in the first half of 2023

According to JP Morgan analysts, there is a 15% chance that the United States will experience a recession in the first half of 2023. In the first half of this year, the US recession risk dropped from 20% to 15%, according to JP Morgan. Out of four potential scenarios, it is currently the least...
OPEC+ estimates reduction in oil investments at $500bn a year

OPEC+ estimates reduction in oil investments at $500bn a year

The amount invested in the extraction of oil worldwide is decreasing on average by $500 billion a year, and this may result in affordability and security issues, said Haitham Al Ghais, the general secretary of OPEC+. "The amount of investment going into the oil industry has significantly decreased,...
Australian Central Bank raises key rate to the highest in more than a decade

Australian Central Bank raises key rate to the highest in more than a decade

Australia's central bank increases the key rate to 3.6 percent, the highest level in more than a decade. The Reserve Bank of Australia increased its benchmark interest rate by 25 basis points on Tuesday to 3.60 percent, the highest level in more than a decade, and stated that additional monetary...
Chip Industry Of China Requires More Than Monetary Support From The Government To Address Impact Of US Sanctions Chip Industry Of China Requires More Than Monetary Support From The Government To Address Impact Of US Sanctions

Chip Industry Of China Requires More Than Monetary Support From The Government To Address Impact Of US Sanctions Chip Industry Of China Requires More Than Monetary Support From The Government To Address Impact Of US Sanctions

China intends to spend heavily to help its chip sector overcome US export restrictions, but money can only go so far unless Chinese firms can break free from a cycle that stifles innovation and traps them at the bottom of the value chain, according to industry participants.   According to...
China to increase military funding by 7% in 2023

China to increase military funding by 7% in 2023

According to the country's draft 2023 budget, Chinese officials will raise the military budget by 7.2 percent to 1,553.7 billion yuan (roughly $224.8 billion) in 2023. Additionally, spending on public security will increase by 6.4% to 208.972 billion yuan ($30.2 billion) and diplomatic action will...
ECB Head: We will raise the rate by 50 basis points in March

ECB Head: We will raise the rate by 50 basis points in March

In an interview with Spanish television station Antena 3, the ECB’s head Christine Lagarde stated that the European Central Bank (ECB) will once more increase its key rate by 50 basis points in March to slow down the inflation. "The next meeting will see another increase; because inflation is too...
WSJ: Venture capital funds raise lowest amount in 9 years

WSJ: Venture capital funds raise lowest amount in 9 years

The fourth quarter of last year saw venture capital funds raise $20.6 billion, which was 65% less than a year earlier and the lowest amount since 2013. The number has more than decreased by half as compared to the third quarter of 2022. The Wall Street Journal stated this with reference to the...
Mexico creates national lithium mining zone

Mexico creates national lithium mining zone

According to a news release posted on the official website of Mexico, President Manuel Lopez Obrador designated 235 thousand hectares of land in the northern state of Sonora as a national lithium mining zone. The press release states: "Andrés Manuel López Obrador, President of the republic, has...
China Improves Commercial Banks' Capital And Risk Management

China Improves Commercial Banks' Capital And Risk Management

To better prevent risks in the nation's financial system, China's banking regulator and central bank intend to implement a more differentiated regulatory system for evaluating commercial banks' capital adequacy and risk management.   On Saturday, the People's Bank of China and the China...
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