MACRO ECONOMIC NEWS

Macro Economic News 02 Dec 2014

 

RBI Credit Policy at 11 am today

 

FINANCIAL TIMES (INTERNATIONAL EDITION)

[I]  Rouble suffers worst fall since 1998 crisis 

[I]  US retailers take on Alibaba over tax 

[I]  Goldman offers clients Uber service 

[I]  City leaders: ‘Brexit’ would be disaster 

[I]  Moody’s downgrades Japan’s credit rating 

[I]  Oil slide hits struggling Venezuelans 

[I]  Russia to abandon South Stream 

[I]  Skilled migrants shun EU in favour of US 

[I]  Moldova pro-EU parties win narrow victory 

[I]  Egypt’s biggest problem is restoration of the security state

 

BLOOMBERG (Online)

[I]  The Reserve Bank of Australia kept its benchmark interest rate at a record low to spur hiring in an economy struggling for traction as commodity prices tumble.

[I]  Oil resumed declines after jumping from a five-year low and metals retreated amid the highest commodity-price volatility in two years.

[I]  Fed Leak Tipped Traders to Historic Stimulus Move, Prompted Secret Inquiry

[I]  Hong Kong Protesters Fight Police for Control of Streets .

[I]  Distressed Debt Losses Mount to Worst Since Global Crisis

[I]  Oil’s Drop Good for World Economy, Bad for Russia, Lagarde Says

[I]  BOJ’s Negative Yields Seen Reaching Five-Year Bond: Japan Credit

[I]  Kim Dotcom Plans U.S. Internet Party After New Zealand Failure

 

BUSINESS LINE

[I]  Mallya resigns from MCF, sends shares zooming

[I]  HSBC manufacturing index at 21-month high

[I]  RBI may not bow to rate-cut pressure

[I]  Maruti Suzuki recalls 3,800 Ciaz units over faulty clutch part

[I]  GST Bill will be tabled in current session: Jaitley

[I]  Heavy Industry Ministry seeks higher import duty on power equipment

[I]  Coal block sale: reverse auction method could be advantage private power producers

[I]  India offers Bangladesh energy in return for transshipment facility

[I]  Walmart India launches B2B store

[I]  NMDC to open new iron mines in Chhattisgarh, Karnataka next year

 

ECONOMIC TIMES

[I]  SAARC Membership: India blocks China's entry for the time being

[I]  Shiv Sena to finally join Devendra Fadnavis govt

[I]  India looking to co-produce weapons with US

[I]  Bharti Foundation appoints Sulabh for making 12,000 toilets

[I]  Spices exports up 9 per cent to Rs 6,963 crore in April-September

[I]  Revenue losses on LPG, kerosene shrink by 21 per cent

[I]  India, South Korea to operationalize three-year-old nuclear pact

 

BUSINESS STANDARD

[I]  Crude oil prices could drip below $40 a barrel

[I]  Fitch revises Reliance Industries' rating upward to 'stable'

[I]  Govt reduces import tariff value on gold and silver

[I]  Pfizer announces completion of merger with Wyeth

[I]  Oct infra output growth accelerates to 6.3% y/y: Govt

[I]  'US factory activity growth at 10-month low in Nov'

[I]  Sun Pharma and Ranbaxy deal gets green signal from FIPB

[I]  Moody's downgrades Japan's sovereign debt rating

[I]  Non-subsidized LPG prices cut by Rs 113 per cylinder, ATF slashed 4.1%

[I]  HDFC Bank's proposal on foreign investment cap goes to CCEA

[I]  Relay strike of bank unions from Dec 2-5 will affect transactions

[I]  Maruti November sales up 20% at 110,147 units

 

MINT

[I]  SEBI permits 123 alternative investment funds to operate in India

[I]  Legal recognition for gold jewellery hallmarks: Paswan

[I]  M&M sales down 12.64% in November

[I]  Fulford India promoter shelves delisting plans

[I]  Govt says no to Mallya’s reappointment as Kingfisher CMD

[I]  Met coke makers raise concern on cheaper imports

[I]  Gazette notification for uniform wage structure soon

[I]  Oil hits five-year low in longest losing streak since 2008

[I]  Tata Motors gears up to produce more trucks after a two-year lull

[I]  Doha Bank shareholders approve India assets buy

[I]  IBM signs multi-billion dollar 10-year IT deal with ABN Amro

[I]  India plans grouping of nations with high solar power potential

 

FINANCIAL EXPRESS

[I]  More sops for UP mills if sugar falls below Rs 3,100

[I]  Core sector growth jumps to 4-month high of 6.3% in Oct

[I]  Defence ministry looking to increase ‘Make India’ opportunities

[I]  Kris invests $160,000 in Lookup, which aspires to be WhatsApp of small business

[I]  Exfinity Tech Fund, backed by Pai and Bala, pumps $1.5 mn into video-streaming provider

 

FINANCIAL CHRONICLE

[I]  Turnaround in India gold rules unlikely to mean import surge: Trade

[I]  Credit Suisse trims India overweight but says not fully valued yet

[I]  Sensex, Nifty log first drop in 4 sessions ahead of RBI policy

[I]  SAIL offloads full stake in Bokaro cement JV; gets Rs 235-cr

[I]  Honda Cars sales up 64 per cent in November

[I]  Ashok Leyland Nov sales up 44% at 7,732 units

[I]  No shortage of iron ore; ensuring supply to steel industry: Govt

[I]  TVS Motor sales jump 36% in November

[I]  Need to encourage M&As for business size: Jaitley

 

Best Regard, ARBIND