Daily Management Review
Economics

U.S. Tax Reforms Expected To Result In A Onetime $1.3 Billion Write Down For Barclays

The tax overhaul by the Trump administration in the U.S. would result in a write down of about 1 billion pounds ($1.34 billion) on the annual profits after tax for Barclays bank, the company said in a recently published statement.    The value of the deferred tax assets of the bank...

China suspended oil supplies to North Korea in November

China did not export petroleum products to North Korea in November, according to Chinese customs officials, probably by trying their best to adhere to the sanctions imposed by the UN against the DPRK, Reuters reports. The tension broke out in connection with the continuing nuclear and missile...

The Digital Supply Chain Challenges And Ways To Address Them

Companies that are engaged in the business of retail trading need to make sue the ever-increasing number of online transactions are made faster, are more accurate and secure. And in order to achieve those, it is imperative that the chains that connect the dots of inventory and the selling websites,...

Bad Stocks This Year Could Turn Into Diamond Next Year

Those stocks that have railed in 2017 as investors rushed to get hold of technology and other stocks that are believed to be high-growth ones, could be the ones that could attract bargain-hunting investors heading into 2018even as highest levels since 2002 were reached for price/earnings multiples...

The Governor of BoE Points Out ‘Fundamental Problem’ With Central Banks Issuing Cryptocurrencies For General Public

Carney thinks that pushing crypto-currency for the public use by central banks could risk “financial stability”. According to the governor of BoE, Mark Carney “fundamental problems lie with the “idea of a digital currency issued by a central bank” for public use.   Some economists have...

Bitcoin Heading For Worst Week Since 2013 As It Falls Below $13,000

After its phenomenal rise to cross the $20,000 mark, cryptocurrency bitcoin lost about a third of its value in just five days as it dived below $13,000 on Friday. This week appears to be the worst for the virtual coin since 2013.   Bitcoin touched $19,666 at the Luxembourg-based Bitstamp...

Will OPEC leave the oil freeze agreement?

OPEC has started working on a strategy to exit the deal to reduce production from producers outside the cartel, Reuters reports citing two sources in OPEC. OPEC and a group of non-cartel producers agreed on November 30 to extend the agreement to reduce production by the end of 2018 to reduce...

IMF Says Economic Indications In UK Show Its Gloomy Brexit Forecast For The Economy Turning True

The International Monetary Fund has said that the warnings of slow growth for UK that it had made before the Brexit referendum are turning out to be true and has thus sternly defended the dismal forecasts for the economy after Brexit.   Britain’s slower growth that is being witnessed...

Bank of Japan retained economic stimulus

The Bank of Japan did not change the parameters of monetary policy at the final meeting in 2017. The regulator has retained unprecedented incentives, expecting the growth of steadily low inflation, Bloomberg reports. As analysts had expected, the interest rate on deposits of commercial banks in the...

The EU Strikes An Investigation Chord Heightening The Trade Tension Between Beijing & Brussels

Excessive subsidiaries received by the Chinese e-bike manufacturers push the EBMA to lodge complaint, whereby adding yet another investigation in the list of investigations carried out by the EU towards Chinese exports. Trade between Beijing and Brussels hit an increased tension note, as on...
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