Daily Management Review
Economics

Sweet Taste For Carrefour, Biotoscana Left By Big Week For Brazil IPOs

As a nascent economic recovery and the passage of key economic reforms helped to lure global investors, the busiest week for initial public offerings in Brazil in four years ended last week end on an upbeat note for issuers.   In a Friday IPO, 1.34 billion reais ($426.7 million) was raised...

To Stem Steadiest Fund Outflow Since 2009, S&P 500 Failing To Record Low

There are telltale signs of fading enthusiasm in U.S. stocks which have become increasingly difficult to ignore even as the S&P 500 Index clawed its way to a fresh record and squeezed out a third consecutive weekly gain.   The SPDR S&P 500 Trust, the biggest exchange-traded fund...

As Athens Considers Return To Bond Market, A Third Of Greeks At Risk Of Poverty

Analysts say that there are many structural problems that have yet to be resolved to make the Greek economy more sustainable even as the government might be preparing to return to the bond market.   A third financial program since 2010 is being run Greece at the moment which should end next...

In Blow To China's Buying Spree, U.S. Toughens Stance On Foreign Deals: Reuters

In what is a historically high number that bodes poorly for China's overseas buying spree, a secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, reported Reuters quoting sources familiar with the matter.   Becoming...

The US is holding back a wave of Chinese acquisitions

A secret government group in the US has objected to at least nine acquisitions of US companies' shares by foreign investors this year, Reuters reports citing its own sources. According to the publication’s sources, this is a historically large number of acquisitions, which foreshadows problems for...

Central Banks Will Lead The World Into Recession, Writes A Worried Bill Gross

The damage that can be done to a debt-laden global economy by the looming interest rate increases was reiterated and is warning about by bond guru Bill Gross.   The course of global central banks toward tightening policy could be perilous for the economic recovery, the Janus Henderson...

Islamic banking is trying to conquer Africa

In 2008, the central bank of Ethiopia, known for its conservative views, decided to experiment: it allowed banking activities with no interest. Sharia law prohibits usury, so this step was seen as a desire to introduce financial services in the large and usually ower-income Muslim minority....

LSEG And IBM To Introduce ‘Blockchain Platform’ For Issuing ‘Private Shares’

Experts claim that with the growing phrase, the technology will only get better in shareholder interaction. In a collaborative venture, “London Stock Exchange Group Plc” and the IBM will be building “a blockchain-based platform” for “digitally” issuing enterprises’ “private shares” of medium and...

Forest fires in Canada raised prices for wood

World prices for wood are growing because of forest fires in the Canadian province of British Columbia, which is the world's largest supplier of softwood, The Vancouver Sun newspaper writes. There were more than 375 forest fires in British Columbia this year. Over 37 thousand inhabitants of the...

IFO: refusal from ICE will deprive Germany of 600 thousand jobs

Experts of the Institute for Economic Research of the Federal Republic of Germany spoke out against initiatives to completely ban sales of cars with internal combustion engines by 2030. According to the research, such a measure will deal a serious blow to the German economy. One of the leading...
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