Daily Management Review
Economics

Draghi: Central banks should be open

Head of the European Central Bank (ECB) Mario Draghi said that although the actions of central banks over the past decade have strengthened the world economy, it is important to maintain openness and readiness for future events, reports Bloomberg. In his speech, in which there were no concrete...

Rise In Bitcoin Cash Price Gains Investors’ Confidence In ‘Speeding Up Transactions’

Faster “processing” capacity demonstrated by Bitcoin cash, on one way takes the crypto-currency towards its goal but on the other way its volatility cannot be ignored either. On Friday, the bitcoin prices took a soaring leap following the indications that the “alternate digital currency” was...

The Korean problem is threatening the world trade

Economies of the United States, Japan, and Korea may pay dearly for the tense situation on the Korean peninsula. The volume of bilateral trade between the United States and the countries of the Asian region reached $ 1.3 trillion in the first half of this year - 52.5% of the country's total foreign...

Cashin On The Image of Trump Administration Fuelling The Investors’ Fear

The false rumour of Cohn’s exit couldn’t alone shake the stock exchanges, thinks Cashin. The veteran of Wall Street, Art Cashin, talking to CNBC, said that the rumour of the Chief Economic Advisor of President Trump, Gary Cohn, leaving his post, is not solely responsible for the Thursday’s drop of...

Egypt Pre-Registers Around ‘300’ Users Before Its First ‘Bitcoin Exchange’ Launch

Even though, bitcoin is not considered as “legal money in Egypt”, the Bitcoin Egypt’s Founders hopefully wait for some governmental regulations. In the later part of this month, Egypt will see its “first bitcoin exchange” coming into function, reported the Bitcoin Egypt’s Founder. As a result, the...

A Year Of Faster, Firmer Growth Seems Set For Global Economy

After rising at its most rapid pace in 2 1/2 years in the second quarter, the world economy looks well on its way to a year of faster, firmer growth.   As long-time laggards Japan and the euro area perk up, the expansion is broad based. And economists say that because the gains are not...

Oil producers predict a boom in the market of electric vehicles

Total, one of the world's largest oil producers, believes that almost a third of new car sales will fall on electric cars by the end of the next decade. The groeing number of vehicles running on batteries will lead to a drop in demand for oil-based fuel in the 2030s, said Chief Economist for Energy...

The IMF Says The Debt Problem In China Needs To Be Fixed

The International Monetary Fund is issuing a strong warning over growing debt in the world's second-largest economy – China, even as the funds lauds the growth in the Chinese economy and says that the economy is looking good enough for the organization to raise its outlook.   From the...

Trump's 'America First' Agenda Looms Large As NAFTA Talks Begin

The biggest uncertainty in the forthcoming NAFTA talks is whether a deal can pass President Donald Trump's "America First" test as the United States, Canada and Mexico kick off negotiations to modernize the agreement.   Shuttering of U.S. factories and sending U.S. jobs to low-wage Mexico...

If U.S. Harms Trade Ties, It Will 'Take Action To Defend Interests', China Warns

At a time of heightened tension over North Korea’s nuclear ambitions, Trump's move, the first direct trade measure by his administration against China, is believed unlikely to prompt near-term change in commercial ties.   The White House and U.S. industry groups say that China's...
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