Daily Management Review
Economics

Is the IMF pushing Argentina to a new crisis?

The central bank of Argentina raised the key seven-day Leliq rate from 45%, to 60% to stop the peso collapse, which depreciated by more than 50% since the beginning of the year. At the same time, the regulator promised that the rate will remain at this level at least until December 2018. According...

Argentina Asks IMF For Early Release Of $50bn Bailout Fund

The Argentine government wants to ease concerns surrounding the possibility among investors and markets that the country might not be bale to serve its debt obligations for 2019 and hence the International Monetary Fund (IMF) has bene requested to ensure an early release of funds from a $50bn...

Top Europe Bank CEO Says Clients Getting Hurt By US-China Trade War

The clients of a top bank in Europe have already started to feel the pinch of the global trade tariffs and have begun to change production lines and issuing profit warnings, said the CEO of the bank.   "We see clients looking to reorganize their value chains. We are making sure that either...

Why is the safest asset getting cheaper?

Gold has an image of a very reliable reserve asset, capable of withstanding any crisis or a surge of inflation with profit or at least without losses. So in turbulent times, the demand for gold and the prices for it usually grow. Why, then, is gold falling in price now? After all, there are so many...

No Major Hit To Chinese Economy By Trade War In Coming Days: Morgan Stanley

According to a leading Chinese economist, with the aim of cushioning some of the impacts that could hit its economy because of its trade war with the United States, the Chinese government would continue to implement adequate counter measures.   "We are not expecting any major growth...

India Likely To Attain Record Food Grain Production This Year: Reports

There is estimation that the over all farm growth in India would reach a record high and be 3.4 per cent more than the current estimates after data suggested that the crop year that ended in June would be a record 284.83 million tonnes.     However, the increased production has not been...

Hungary Believes In ‘No Double Standards’, Moldovan Aid Pack Should Be Disbursed

The EU’s act of freezing 100 million euro aid package to Moldova is not supported by Hungary. The foreign minister of Hungary, Peter Szijjarto stated that the package of “suspended aid” needs to be disbursed by the European Union to Moldova, while he added that the criticism of the “east European...

US-Mexico Strike Trade Deal; Trump wants to terminate Nafta

United States Donald Trump wants to cancel the North American Free Trade Agreement in its current form and announced that a new trade agreement between the United States and Mexico has been formed which he described as "one of the largest trade deals ever made."   "I'll be terminating...

Rise in oil prices overshadows India's economic outlook

Rising oil prices will increase India's current account deficit, continue to exert pressure on its already weakened currency and affect the prospects for economic growth, CNBC reports. Restoring oil prices and India's high demand for it will push up oil imports and increase the country's current...

US and Mexico to conclude a new agreement instead of NAFTA. Will Canada join in?

After more than a year of negotiations, the United States and Mexico managed to remove major differences in mutual trade, Donald Trump announced yesterday. It is assumed that now two countries will conclude a bilateral agreement that will replace the existing North American Free Trade Agreement...
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