Daily Management Review
Economics

New head of PDVSA: We will get rid of corruption

The new head of the oil industry of Venezuela, Manuel Quevedo, promised to eradicate corruption in the state oil company PDVSA in his two-minute military speech during his inauguration, without offering clues as to how he plans to cope with the onerous debt burden of the company. President Nicholas...

WSJ: Emerging economies lost to developed markets

Over 10 years, the stock markets of developed countries skyrocketed, although their economies were growing extremely slowly because of the consequences of the financial crisis. On the contrary, many developing countries quickly increased their GDP, but their stock markets fell far behind. "It's...

New Record High Touched By Bitcoin As $10,000 Seems In Sight

In the last three days, bitcoin has gained over a fifth in value and has again touched a new high while seemingly all set to touch the $10,000 (£7,493.59) mark, ending a few percentages away on Monday.   For the year 2017 there has been a tenfold increase in the value of the cryptocurrency...

Report Warns Of Slow Growth And Loss Of Competitiveness For United States And Canada By Scrapping NAFTA

In a sort of the warning to the countries associated with the North American Free Trade Agreement (NAFTA), the Bank of Montreal said on Monday that scrapping of the deal would prove costly to both the U.S. and Canadian economies as it would effectively decrease their competitiveness in comparison...

Coinome: The First ‘Crypto-Currency’ Exchange In India Dealing In 20 ‘Mainstream Crypto-Currencies’

BillDesk has launched the first exchange for crypto-currencies in Indian market. Last week, Mumbai, India based Billdesk, a “payment gateway”, has launched the “first crypto-currency exchange” of India, called “Coinome”.   Users will be able to board Coinome transaction vide “Instant e-KYC”...

Donald Trump: America’s economy is booming

The US economy is booming, despite the ongoing investigation of the "Russian trace", US President Donald Trump wrote on his Twitter page. "From the first day that I took office, everything you hear is a false explanation of the democrats for losing the election: Russia, Russia, Russia. Despite of...

EU Given U.K.’S May Ten Days Ultimatum To Offer A Better Brexit Deal

Britain would end up failing to persuade EU leaders in opening up talks again with the U.K. in December if British Prime Minister Theresa May is not bale to enhance her Brexit offer to the Eu the within a 10-day “absolute deadline”.   Businesses in the U.K would come under pressure to escape...

Even As The Inflation Debate Continues, A Likely Rate Hike Is To Be Announced By The U.S. Fed In December

According to the minutes of the U.S. Federal Reserve’s latest monetary policy meeting, despite the fact that there was a division between the Fed officials at eh meeting, the Fed is all set to increase the bank rates in December.   "Many participants thought that another increase in the...

IMF Warns That Big Economic Reforms Are Needed Right Away For Zimbabwe Economy

The International Monetary Fund is of the view that if the Zimbabwe economy wants to obtain international aid and get out of the bad situation, it needs to do something quickly.   Zimbabwe mission chief of IMF, Gene Leon, said that structural reform is needed in Zimbabwe because the...

The EU and Britain are preparing to conclude a deal in December

During the visit of Teresa May to Brussels on November 24, the EU negotiators will closely monitor whether she will signal that she is willing to risk the domestic situation in the country and increase the offer with the aim of concluding the deal in December, Reuters reports. Representatives of...
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