Daily Management Review
Economics

OPEC's revenue from oil exports fell to a six-year low

Yesterday, the Organization of Petroleum Exporting Countries (OPEC) has presented a report on situation in the oil production market at the end of 2015. The cartel said that revenues from oil exports reached $ 518 billion, which is 46% less than a year earlier, and is the lowest since 2005. The...

Bremain Hope Pushes Stock Futures At Its Pinnacle In Comparison To Its Recent Performance

The rise on stock futures shows a supporting trend towards Bremain camp. The futures of the United States’ Stock Index mounted to their “highest” on 23rd June 2016, for the investors were quite confident that Britain would continue its membership of EU after the fateful voting session, whereby...

Speculations Of Bremain Makes The Pound Soar Against Dollar

In the hope of Britain retaining the EU membership, pound jumps up to the top, while the opposite result may bring the same crashing downward. On Thursday, 23rd June 2016, pound reached the highest figure over last six months performance in comparison to “US dollar”. The said position of pound...

Progress on too-big-to-fail Rules Cited by Fed's Fischer, IMF Views US Economy in “Good Shape”

Defending the US Federal Reserve Bank’s approach to the too-big-to-fail issue, the Vice Chair of the bank - Stanley Fischer said that the central bank's proposals would limit the fallout from a major failure and take taxpayers off the hook while delivering a lecture at a conference in Sweden...

M&A deals reached an eigth-year record

Last year's growth of cross-border mergers and acquisitions has increased global flows of foreign direct investment to $ 1.76 trillion. The index peaked since the financial crisis of 2008-2009., according to United Nations’ study. Foreign direct investment in 2015 increased by 38% compared with...

WTO: Protectionism is stifling the global economy

The Group of Twenty (G20) have introduced a record number of trade restrictive measures, according to the latest monitoring of the World Trade Organization (WTO). During the last six months (from mid-October 2015 to mid-May 2016), the G20 states have adopted 145 new trade restrictions (an average...

New Chapter being eyed by Resilient US Shale Producers with Oil Price near $50

Confounding OPEC and Saudi Arabia with their resiliency, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel after about two years into the worst oil price rout in a generation.   While it would have been unthinkable just months ago,...

Consumption of gasoline in the United States will fall by 20% thanks to electric cars

Over the next 20 years, demand for gasoline in the US will decrease by 20% if electric cars account for 35% of the road transport market by 2035, reports consulting firm Wood Mackenzie in a study. Aggressive scenario of Prajit Ghosh, a research analyst of Wood Mackenzie, allows that demand for...

‘It Seems Inevitable Brexit Will Be Favorite By The Weekend’

British vote probability betting results show a shifting trend in favour of Brexit. In the last week probability maintained a seventy eight percent of British vote in favour of Remain campaign, while this week the “implied probability” came down sixty two percent on Tuesday, 14th June 2016,...

Kenya to launch the world's first tea futures

INTL FCStone Inc. company, headquartered in New York, held talks about launch of tea derivatives with representatives of the tea industry in Kenya, said senior vice president of INTL FCStone for developing countries Stewart Ponder. Nairobi Stock Exchange has supported such a proposal. "The ability...
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