MACRO ECONOMIC NEWS

Macro Economic News 04 Dec 2014

 

FINANCIAL TIMES (INTERNATIONAL EDITION)

[I]  UK ‘Google tax’ targets multinationals 

[I]  Flow of Opec petrodollars set to dry up 

[I]  Cheaper oil’s effect on asset prices 

[I]  Iranian jets attack Isis in eastern Iraq 

[I]  Sweden calls election as government falls 

[I]  This year set to be warmest on record 

[I]  Oil price slide a mixed blessing for China 

[I]  China slips in corruption index 

 

BLOOMBERG (Online)

[I]  Oil Price Plunge Lends Unexpected Hand to Southern Europe .

[I]  Brazil Doubles Pace of Rate Increase, Signals Smaller Move Ahead

[I]  U.S. Plans Civil-Rights Probe of NYC Police Chokehold Death

[I]  Simon Fuller to Brand It Like Beckham in H.K. Venture

[I]  WTI Extends Gain as U.S. Stockpiles Drop Amid Steady OPEC Output

[I]  Alibaba Eclipsing Hyundai Threatens Korea Dollar Bonds

[I]  Puerto Rico’s $2.9 Billion Borrowing Measure Moves to Committee

 

BUSINESS LINE

[I]  Centre to kick off disinvestment by selling 5% in SAIL tomorrow

[I]  Services sector PMI hits 5-month high in Nov: HSBC

[I]  ICICI Bank, HDFC Bank cut deposit rates

[I]  BPCL to invest Rs. 4,588 crore in petrochem project

[I]  NMDC to scale up iron ore output

[I]  India Inc may get a breather on related party deals

[I]  Centre to open up legal sector in phases

[I]  Bill replacing coal block ordinance to have ‘small changes’

[I]  PSU refiners want specialised trading desks for crude oil

[I]  DRI, RBI to jointly tackle issue of fake ‘bills of entry’

[I]  Sri Lanka is the new route for gold smuggling

[I]  ‘Future Group is ready to enter payment banking’

[I]  G-Sec yield below RBI’s benchmark repo rate

[I]  DHFL Pramerica eyes stake in small banks, NBFCs

[I]  Axis Bank set to ride the mobile banking wave

[I]  IRDA orders audit of Future Generali Life Insurance

[I]  RBI to raise cap on foreign investments in sovereign bonds

 

ECONOMIC TIMES

[I]  Over half of top 500 companies in debt trouble; need Rs 7 trillion to pare it

[I]  Addressing disability: India Inc takes baby steps in absorbing differently-abled employees

[I]  82 sugar mills start cane crushing in Uttar Pradesh

[I]  India's 2014/15 rapeseed oil output to fall, edible oil imports seen up

[I]  Hindustan Zinc valuation process begins, stake sale likely by March end

[I]  Adani Group, State Bank of India defend $1 billion funding plan

[I]  Exim Bank extends $1 bn of LoC to Nepal

[I]  'Reasonably comfortable' with current account deficit: Reserve Bank

[I]  Government stares at 65,000 crore shortfall in indirect tax collection

 

BUSINESS STANDARD

[I]  Fed's survey finds improvement across US economy

[I]  RBI issues norms for trading platform for MSME receivables

[I]  DLF plans to sell 50% in Cyber City to raise over Rs 3500 crore

[I]  Germany bars antibiotic drug from Ranbaxy's plant

[I]  Central Bank to raise Rs 626.23 cr from pref issue to LIC

[I]  India welcomes Saudi investment in infrastructure sectors

[I]  Govt relaxes FDI policy for real estate sector

[I]  Fert Min for continuation of subsidy to closed urea plants

[I]  State govt should act within 60 days for mining licence renewal

[I]  BSE seeks clarification from FTIL on MCX-SX stake to 13 entities

[I]  Debt-ridden SpiceJet may see beginning of a turnaround

[I]  BPCL to diversify into petrochemicals

 

MINT

[I]  Clearing body of NSE sets aside Rs 624 cr to meet default risk obligation

[I]  SEC charges India-origin person for share sale fraud

[I]  Sadbhav Infra Projects plans to raise Rs 600 cr via IPO

[I]  ICICI Bank hikes stake in Gokaldas Exports to over 10%

[I]  Nestle India declares third interim dividend

[I]  Monte Carlo IPO subscribed 0.61 times on first day of issue

[I]  Ban on sale of loose cigarettes likely to be put on hold

[I]  Indian firms require Rs7 trillion equity infusion to deleverage: India Ratings

[I]  Govt may revise ONGC’s subsidy-sharing structure

[I]  Private sector business activity at 5-month high, but expectations fall sharply

[I]  Hike in excise duty aimed to meet budget deficit, says oil minister

 

FINANCIAL EXPRESS

[I]  Mega auction in February with DoT-defence pact

[I]  Germany bans Ranbaxy drug

[I]  Arun Jaitley sets up 3-member panel to bring in further clarity in tax laws

[I]  Maruti targets niche segment with 3-row, diesel WagonR

 

FINANCIAL CHRONICLE

[I]  India services PMI jumps to 5 month-high in Nov: HSBC

[I]  Meda Pharmaceuticals Inc and Cipla Ltd sue Apotex to enforce Dymista patents

[I]  Religare Global Asset Management buys 26 pct stake in YourNest

[I]  Indian rupee rallies further 14 paise Vs dlr to end at 61.88

[I]  DIPP prescribes a dose of caution on compulsory licences

[I]  RBI doubles pre-paid card limit to Rs 1 lakh

[I]  Gold steadies near $1,200 as oil firms; sentiment remains bearish

[I]  67 firms choose to split their stocks this year

[I]  Suven Life Sciences raises Rs 200 crore through QIP

 

Best Regard, ARBIND