Daily Management Review
Economics

Goldman Sachs: Backwardation will save the oil market

The OPEC’s key to success in balancing the oil market. It lies in an ability to turn "curves" of movements of the futures quotes. Goldman Sachs warned that while oil futures are in a state of backwardness, the OPEC can struggle to significantly reduce reserves. To date, contango in the market...

‘Speed Bump’ Levels NYSE Exchange With ‘Regulatory Approval’

The securities as well as the “Exchange Commission” of the U.S. approves the ‘speed bump’ delay for NYSE. The New York Stock Exchange operators were permitted to use “a so-called speed bump” for “one of its exchanges” on Tuesday, the 16th of May 2017. This allowed NYSE to move “head-to-head with...

Scandals around Trump are ravaging billionaires

Scandals around the ties between US President Donald Trump and Russia cost $ 35 billion to the world's richest people, according to Bloomberg. At the same time, businessmen lost such a sum in just one day due to the US stock indices’ crush. Apparently, there is a frustration, associated with...

Political Scandal Set To Crash Brazil Stocks, Hot Emerging Markets Trade Also To Be Dragged Down

As a result of an emerging scandal involving the country's recently installed president, there has been a steep crash in the Brazilian stocks.   There was a more than 17 percent in the premarket Thursday closure in the value of the iShares MSCI Brazil Capped ETF (EWZ), a heavily-traded U.S....

Will the world economy endure a new Korean war?

Rise in the price of consumer electronics, broken world trade and increase in US federal debt are some of the most important consequences of a possible war on the Korean peninsula, according to a new report from Capital Economics consulting agency. The US and South Korean troops entering into an...

Debt problems of regions are dragging India down

The Indian authorities have long ignored the way various regions of India received funding. As it turned out, the authorities of the Indian states have been practically sabotaging the central government’s efforts to reduce the debt burden. Which state of India is likely to return the loan: Bihar,...

Looking for survival, Venezuela proposes cutting OPEC production even more

Trying to stabilize its own catastrophic situation, Venezuela suggested reducing OPEC production to 5 million barrels per day, which is more than 4 times higher than current decline in production. According to experts, the proposal is completely unrealistic. The situation with oil prices could be...

Hard Push For Lowering Of Tax Rate On Offshore Profits Being Given By U.S. Companies

The tax break that the Trump administration has already tentatively proposed on $2.6 trillion in corporate profits being held offshore, a key piece in Washington's intricate tax reform puzzle, is being pushed to be extended by major U.S. multinationals.   Lobbyists for technology, drug and...

Japan wants US back in TPP

Japan hopes that the US will return to the Trans-Pacific Partnership (TPP), and is only "pretending" to negotiate a bilateral deal, Kotaro Tamura of the Milken Institute told to CNBC. "The Prime Minister and the government of Japan paid huge political capital to create the TPP, they do not want to...

Ahead Of The Approval Meet On The New Bail-Out Fund Deal With Euro-Zone Partners, Greece Slashes Growth Forecast Figures

Tensely negotiated reforms’ deal pushes Greece to pass “new measures” in reduced growth forecast figures before the final meet takes place. Greece has revealed a “mid-term budget plan”, wherein it has cut the growth forecast of 2017 from “2.7 percent”, whereby reducing the same to “1.8 percent”....
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