Daily Management Review
Economics

Bank of England recommends tightening liquidity requirements for money market funds

According to the Financial Times, which cites the regulator's study, the management of the Bank of England suggests increasing the requirements for the share of highly liquid assets in the structure of money market funds in order to lower sector risks. Funds might have to retain between 50 and 60...

Gold prices resume gains from seven-month low amid events in Israel

The price of gold started to grow following a seven-month low set last week due to the Israel's war with Hamas. According to Bloomberg, gold prices have started to rise again after falling to a seven-month low last week as tensions between Israel and the Palestinian Hamas movement grew. Gold is...

Chinese spending on travel in the Golden Week grows weaker than expected

According to data from the Chinese Ministry of Culture and Tourism, domestic tourism spending by Chinese citizens over the Golden Week holidays in 2023 increased but showed results worse than expected. The holiday week's tourism revenue came to 753.4 billion yuan ($103.28 billion), more than twice...

The US And Venezuela Are Negotiating Further Oil Sanctions Waivers - Reuters

Venezuela and the United States have made headway in talks that might provide sanctions relief to Caracas by permitting at least one extra foreign oil firm to take Venezuelan crude oil for debt settlement if President Nicolas Maduro resumes talks with the opposition in Mexico, according to a...

What Are Multinational Corporations With A Presence In Israel Doing In The Aftermath Of The Hamas Attack?

Following a catastrophic weekend attack by the Palestinian Islamist group Hamas, global corporations have temporarily closed some businesses in Israel and urged workers to work from home.   Companies ranging from airlines to banks have taken the following steps:   TRAVEL  ...

The Attack On Israel Increases The Appeal Of Gold And Other Safe-Haven Assets

The violence that erupted in Israel this weekend has prompted a flight to safe-haven assets, as investors constantly monitor events in the Middle East to assess the geopolitical risk to markets.   Gunmen from the Palestinian organisation Hamas launched an unprecedented attack against Israel...

In A Competition Against The United States, China Aims For A 50% Increase In Processing Power

According to a plan announced by authorities on Monday, China intends to increase the country's aggregate computing capacity by more than 50% by 2025, as Beijing increases its focus on supercomputing and artificial intelligence developments.   The idea comes amid increased competition...

US Treasury bonds yield hits 16-year high

After the release of data on the US labor market, yields on US Treasury bonds spiked dramatically in Friday's trading, reaching 16-year highs. Ten-year US Treasury bond interest rates increased by 17 basis points to 4.887 percent annually. The yield on 30-year securities exceeded 5.05% for the...

High US Job Growth Supports Prospects Of A Rate Increase

More US jobs were added than was anticipated in the previous month, which increased speculation about potential future interest rate increases. In September, employers added 336,000 positions, more than double the 170,000 predicted, according to Labour Department data.   Data for August was...

The Zombies' Demise? Why A Rise In Company Failures Is Possible In 2024

In the first half of 2024, debt-ridden enterprises in Europe, the Middle East, and Africa will have to compete for $500 billion in refinancing, a struggle that could lead to the demise of many "zombie" corporations even though an anticipated peak in interest rates may provide some relief.  ...
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