Daily Management Review
Economics

Central Bank Of China To Impose Crackdown On Virtual Currencies

The Chinese central bank wants to develop its own digital currency. A Vice-Governor of Chinese Bank revealed on Thursday, 29 March 2018, that this year the bank will be launching a “crackdown on all types of virtual currencies”.   Moreover, the Central Bank is also going to push for taking...

Kremlin Keeps Close Watch On Britain’s Idea Of limiting Russian Debt Access

If Britain chooses to limit the investors’ access to Russian debts, it could be harmful for Britain-investors’ relationship. The ideas that were “floated” by the Prime Minister of Britain, Theresa May of limiting the role of London in “marketing Russian debt to investors”, is under close watch by...

Member Countries Sign In For An Integration Of European ‘Militaries’ & Industries Across The Bloc

Britain worries on the weapon collaboration following official Brexit and looks to enter in a treaty while the EU puts up conditions from the May. On Wednesday, March 28, 2018, 15 countries from the EU bloc, which included even Britain, came together to sign their “first project” which will be...

Parliament of Japan adopts a record budget for the next fiscal year

The Japanese Parliament approved a record state budget of $ 926 billion for the next fiscal year, beginning April 1, reports Reuters. The upper house of parliament finally approved the budget on Wednesday. The paper went through the lower house last month. Attention is now shifting to discussing...

BoE Reassures Finance Firms With A Post Brexit ‘Transition Deal’, While The Banks Look For Government Ratification On The Same

As the date of Brexit draws near, the finance firms operating under “passporting” rules in Britain looks for government backing on BoE reassurance. BoE assured the “finance companies” who are “operating in Britain” that they will get “more time” for meeting with “a Brexit deadline”. The said move...

Trade confrontation between the US and China raised the price of gold

On Tuesday, quotes of gold updated the monthly maximum, rising above $ 1356 per troy ounce. Investors are increasing their investments in precious metals amid a fall in the forecast of the Federal Reserve System (FRS) of the United States regarding the rate growth this year, as well as the...

A Possible US-China Trade War Could Benefit This International Market

There could be a likely winner in the potential trade war between the United States and China which got more pronounced last week, according to one strategist.   "One of the bigger beneficiaries of that would be Germany — Germany and Europe broadly," Gina Sanchez, CEO of Chantico...

Market Regulators of EU To Ban CDFs & ‘Binary Options’ Sale To Retail Clients

Spread-better firms shares fell as the E.U. regulators reveal their plans of restricting the sales of some financial products. The regulators of the E.U. revealed that it will introduce a ban for the options of “binary” sales to “retail clients”, whereby restricting the “Contract for Differences”...

Economists Give Thumps Up To GDP Growth In The U.S. Beyond The Gloominess Hovering On Q1’s Results

Economists consider that a temporary weakness may prevail on the quarter one’s GDP growth while the rest of the year will still be “fine”. Amid the growing expectations of 2018’s first quarter’s GDP performance missing the “earlier projections” majorly, one can still look forward to “good news” as...

France achieves EU budget deficit goal but Macron’s popularity sinks

Last year, France's state deficit was below the 3% limit of the European Union for the first time in ten years, Reuters reports. Decreasing to 2.6% of gross domestic product, France's budget deficit was below the government's target of 2.9%. This was the best indicator since the global financial...
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