Macro Economic News 10 Dec 2014

 

FINANCIAL TIMES (INTERNATIONAL EDITION)

[I]  Greek election reignites eurozone fears 

[I]  IMF warns Ukraine bailout faces collapse 

[I]  Senate accuses CIA of lies and brutality 

[I]  Cotton farmers feel pain of price drop 

[I]  Germany rallies against immigration 

[I]  Chinese banks raise rates on deposits 

[I]  Uruguay seeks kudos from Guantánamo deal 

[I]  Australia to crack down on risky lending 

[I]  Update to rates guidance vexes Fed 

[I]  Japan’s voters see no alternative to Abe

 

BLOOMBERG (Online)

[I]  Cheap Oil Also Means Cheaper Commodities Amid Surpluses .

[I]  Putin Plan B to Ship Gas Through Turkey Seen as Unrealistic

[I]  Asia Stocks Drop With Oil as Dollar Gains After China CPI

[I]  Typhoon-Battered Islands Heed Lessons of Haiyan: Southeast Asia

[I]  Uber Blocked From Brazil to California as Hurdles Mount

[I]  Cheap Oil Puts These Deep-Water Projects in Peril

[I]  Japan’s Stocks Fall as Yen Gains on Global Risk Aversion

[I]  U.S. 10-Year Notes Set to Draw Lowest Auction Yield in 18 Months

[I]  Dollar Gauge Gains After China Inflation Report as Aussie Drops

[I]  China Nuclear Generator CGN Power Surges on Hong Kong Debut

[I]  Biggest Yuan Discount Since June Shows Traders Outweigh PBOC

[I]  Australia Urges Lenders to Curtail Investor Mortgage Growth

[I]  Spending Accord Reached as Democrats Accept Policy Changes

[I]  AAA-or-Nothing Ruling Adds to China Bond Default Concern

[I]  ECB’s Praet Says Falling Oil Price May Push Inflation Below Zero

 

BUSINESS LINE

[I]  SBI launches first homegrown economic index

[I]  Hard-nosed Ms Watanabe has a yen for Indian bonds

[I]  Car sales accelerate in November, but motorcycles in lower gear

[I]  WTO appeals body verdict on steel duties has India looking to challenge other levies

[I]  Coal block auction: no cap on number of bids in round one

[I]  India, Israel to cooperate in renewable energy sector

 

ECONOMIC TIMES

[I]  After euphoria, India Inc worried about Modi govt's approach

[I]  Russia and India have bilateral trade potential: Putin

[I]  J&K: High turnout may neutralize BJP's pandit votes

[I]  States agree on issues related to GST: Jayant Sinha

[I]  Nearly Rs 50,000 crore payable as arrears to FCI: Government

[I]  Sugar industry seeks government help after surplus produce

[I]  Overseas corporate debt poses currency risk

[I]  India Inc’s borrowing cost falls on RBI’s rate cut hint

[I]  Analysts see FY15 CAD at 1.4% on further likely fall in crude oil

[I]  Enhance exposure in housing finance firms: PMO to Employees' Provident Fund Organisation

[I]  Revenue forgone on tax sops to corporates at Rs 1.03 lakh crore in FY14

[I]  Duty hike on petrol, diesel to fetch Rs 10,500 crore this fiscal

[I]  Putin for reversing decline in bilateral trade with India

[I]  India should allow banks to hold gold as reserves: World Gold Council

 

BUSINESS STANDARD

[I]  Global volatility, slump in oil prices drag Indian markets

[I]  Winds of change at Suzlon, focus on solar energy

[I]  Nov car sales rise 5.4% on excise sop

[I]  North Block Policy Charcha on land reforms throws up innovative ideas

[I]  Indian steel companies get relief from WTO for exports to US

[I]  Rise in CAD not worrisome, says Jaitley

 

Best Regard, ARBIND

Macro Economic News 09 Dec 2014

 

FINANCIAL TIMES (INTERNATIONAL EDITION)

[I]  Oil and dollar hammer emerging markets 

[I]  France warns Germany to watch its words 

[I]  BP fails in Supreme Court gulf appeal 

[I]  Uber banned in New Delhi 

[I]  Wobbling equities fail to sway economists 

[I]  Japan recession worse than feared 

[I]  Chinese imports fall as demand slides 

[I]  Modi struggles in first big reform battle 

[I]  Spain’s lauded transition under fire

 

BLOOMBERG (Online)

[I]  Oil’s Slump Puts Canada Aquistions Streak on Ice .

[I]  BOJ Buys Japanese Stock ETFs in Rising Market for First Time

[I]  Iron Ore Cut by JPMorgan on Glut as Producers’ Shares Tumble

[I]  Indian Current-Account Gap Widens to Largest in a Year: Economy

[I]  Oil Drops as Deeper OPEC Discounts Signal Fight for Market Share

[I]  Asia Stocks Slip With Aussie on Oil; China Rates Advance

[I]  Australian Business Confidence at 16-Month Low as Rate Cuts Seen

[I]  Oil Rout a Distant Dream for European Drivers: Chart of the Day

[I]  Polish Rift Over Easing Widens as Bratkowski Scolds Rate Setters

[I]  Samaras Risks Snap Elections With December President Vote

 

BUSINESS LINE

[I]  Infosys founders sell stake worth $1.1 billion; shares fall 4.88%

[I]  Coming soon, seamless Net connection for mobile users

[I]  No provision for CST compensation to States in additional expenses proposals

[I]  In Q2, current account deficit rises to 2.1% of GDP

[I]  From April 1, Central PSUs to make 20% of purchases from small units

[I]  Coal Ministry proposes minimum floor price of Rs. 150/tonne for blocks to be auctioned

[I]  Refining capacity to touch 307 mt by 2016-17

[I]  Composite foreign investment cap of 49%?

[I]  Brick-and-mortar stores to have online presence but with fair pricing

 

ECONOMIC TIMES

[I]  Sugarcane crops in Uttar Pradesh burnt by Haryana farmers

[I]  Finance ministry asks PSU banks to monitor companies’ fortunes; aims to prevent bad loans

[I]  Balance of payments narrows but remains in surplus for fourth year in a row

[I]  Q2 CAD widens to $10.1 billion; stands at 2.1% of GDP versus 1.2% YoY

[I]  Govt seeks Par nod for additional Rs 12,529 cr spending

[I]  Societe Generale pulls out of GVK’s Australian project

[I]  WTO issues mixed ruling in Indian challenge to US steel duties

[I]  Balance of trade not in India's favour: Commerce & Industry Minister Nirmala Sitharaman

[I]  Trade portal launched to better utilise free trade pacts

[I]  Switzerland expects to sign Free Trade Agreement with India soon

 

BUSINESS STANDARD

[I]  CCI gives nod to Sun-Ranbaxy Merger, asks to divest 7 drug assets

[I]  Infosys founders sell stake worth Rs 6,484 cr

[I]  DGCA might issue showcause notice for violating directions

[I]  Demolish DLF apartment complex, Kerala High Court tells govt

[I]  Cricketing merchandise orders may see a dip during World Cup

[I]  M&M to launch air-conditioned variants of its Arjun Novo tractor by March

 

MINT

[I]  Satyam case: Ramalinga Raju, two others get six months in jail

[I]  WTO issues mixed ruling in Indian challenge to US steel duties

[I]  Our business model in India will be advertising supported: Arianna Huffington

[I]  Procurement from MSEs made mandatory for central PSUs

[I]  Cost of insuring Indian bonds in foreign markets sees sharp drop

 

Best Regard, ARBIND

Macro Economic News 08 Dec 2014

 

FINANCIAL TIMES (INTERNATIONAL EDITION)

[I]  BIS sounds alarm over resurgent dollar 

[I]  Climate talks cast cloud over energy majors 

[I]  UK financial watchdog to review soaring fines 

[I]  Nato seeks weapons to counter Russia’s information war 

[I]  Oil rout stresses urgency of climate deal 

[I]  Pentagon joins fight against malaria 

[I]  Israeli parties bid to oust Netanyahu 

[I]  Ageing Europe needs new blood

 

BLOOMBERG (Online)

[I]  China Trade Surplus Climbs to Record as Imports Drop on Oil

[I]  Manila Offices, Markets Shut as Storm Risks Heavy Rain

[I]  Baosteel Plans China’s First Public Exchangeable Bond

[I]  Oil Declines From 5-Year Low on Signs U.S. Taking Fight to OPEC

[I]  Dollar Gauge at Five-Year High as Kiwi, Aussie Weaken on China

[I]  Japan Stocks Swing as Yen Weakens, Recesssion Worsens

[I]  Copper in London Rebounds Before China Imports, Exports

[I]  China Bond Yield Falls Most in Two Weeks as Trade Disappoints

[I]  China’s Yuan Declines on Slowest Export Growth in Seven Months

[I]  Japan’s Recession Deepens as Election Looms for Abe: Economy

[I]  Australian Banks Need ‘Unquestionably Strong’ Capital

[I]  U.K. Households Can Weather Gradual Rate Increases, BOE Says

[I]  ECB Loans Seen as Underwhelming Banks to Stoke Draghi’s Resolve

 

BUSINESS LINE

[I]  We are here to stay, says SpiceJet COO Sanjiv Kapoor

[I]  Banks now borrow at floating rate

[I]  No plan to bring ‘general amnesty’ scheme for undeclared income: Jaitley

[I]  UK tech body to lobby SEBI for equity-based crowd-funding

[I]  Fertiliser industry demands decontrol

[I]  ‘No changes in Rail freight, fare structure till next Budget’

[I]  FICCI bats for GAAR deferment; fiscal relief for SEZ developers, units

[I]  Non-fundamental factors drag crude oil prices

 

ECONOMIC TIMES

[I]  Prime Minister Narendra Modi looks to Bihar for future of farming

[I]  Food Corporation of India invites bids to raise Rs 20,000 crore short-term loan

[I]  Government to consider 31 FDI proposals on December 16

[I]  Gold smuggle: Customs raise vigil as airport staff role emerge

[I]  CPI(M) demands stop to duty free import of jute sacks

 

BUSINESS STANDARD

[I]  SBI to take final call on $1 billion loan to Adani in 3 months

[I]  Infra consulting cos seek exemption from service tax

[I]  Sebi joins hands with RBI to check shady stock deals of NBFCs

[I]  Government to consider 31 FDI proposals on December 16

[I]  Currency ties key to dollar reserve hegemony: BIS study

[I]  Steel companies competitive enough to counter surge in imports: SAIL

[I]  Govt may revise power contracts to cut tariffs

[I]  Maruti bags its single largest Army deal for Gypsy SUV

[I]  States must have greater role in new Plan body: PM

[I]  Bhilai Steel Plant registers record output of plates, long rails in April-Nov period

[I]  Oil Min may dip into RIL incremental gas price hike revenue a/c

[I]  France, Germany suspend some GVK Biosciences' drug approvals over Indian data

 

MINT

[I]  Tata Steel is buying iron ore for first time in its history

[I]  EPF to consider equity investment proposal on Dec 19

[I]  Maharashtra Govt urged to set up ‘auto hub’ in Vidarbha

[I]  Ponzi schemes resurface as multi-state cooperative societies

[I]  Telecom Commission to take call on extended spectrum use by Airtel, Vodafone

[I]  Retail investors to get greater pie in next PSU divestment 

[I]  Power generation growth highest in five years

[I]  Funding, recapitalization have taken longer than expected: SpiceJet’s

[I]  Maruti defers seeking shareholders’ nod for Gujarat plant

[I]  RBI allows white label ATMs to accept international cards

[I]  Merck said in talks to buy Cubist for $7 billion: NYT report

[I]  India, Russia to hold talks on delayed FGFA project

 

FINANCIAL CHRONICLE

[I]  Sebi can withhold info on probe against RIL: CIC

[I]  Coal linkage not part of power plant sale: Coal ministry

[I]  ArcelorMittal chief Lakshmi Mittal drops down SA rich list

[I]  Sahara group to sell Mumbai, Jodhpur land parcels for Rs 1,251 cr

[I]  FIPB role shrinks amid easier FDI flows

[I]  India commits $2bn to partner power plants in Nepal, Bhutan

[I]  Continental ramps up capacity at India plant for new radial tyre

[I]  Ashapura plans to foray into retail business

[I]  Polaris plans to diversify beyond BFSI

 

Best Regard, ARBIND