MACRO ECONOMIC NEWS

Macro Economic News 05 Dec 2014

 

FINANCIAL TIMES (INTERNATIONAL EDITION)

[I]  US oil reserves at highest since 1975 

[I]  GSK drops plan to sell older drugs 

[I]  Extreme oil bears gamble on $40 crude 

[I]  Serbia caught between Russia and west 

[I]  Sweden calls election as government falls 

[I]  Orion carries hopes of human space flight 

[I]  Indian companies face shareholder activism

 

BLOOMBERG (Online)

[I]  WEF Offers Impact Investing Road Map for Wealthy Families: Don’t just buy on the buzz, do your homework.

[I]  Venezuela’s Oil Industry Exodus Slowing Crude Production: Energy

[I]  Blame Italian Olive Bugs for Year’s Dearth of Virgin Oil .

[I]  Like Chinese Stocks? In Hong Kong, They’re 12% Cheaper

[I]  Japan Pension Fund Head Calls for $389 Billion Stock Revamp (Loosening rules that restrict managers to domestic or international equities.)

[I]  Japanese Shares Fall From Seven-Year High After Draghi Comments

[I]  Dollar Gaining 7th Week Before Jobs; Yen Drop Spurs Bankruptcies

[I]  Protests Spread to U.S. Cities as Thousands Take to NYC Streets

[I]  Canada-U.S. LNG Rivalry Draws Focus After Petronas Delay

[I]  ECB Cools Off for Seven Weeks as Draghi Builds Support for QE

 

BUSINESS LINE

[I]  Fuel excise hike: Opposition puts Govt on the mat

[I]  EU bans imports from Ranbaxy unit

[I]  SpiceJet faces headwinds from travel agents

[I]  Coal Ministry to facilitate green nod for 18 blocks after March

[I]  Consumer sentiment at lowest ebb since Oct 2013: survey

[I]  ‘Advance ruling’ facility extended to domestic tax-payers, too

[I]  Private entity cannot hold more than 26% in coal venture

[I]  Sadhvi is sorry, so let’s forgive her: PM

[I]  SAIL divestment issue opens today; floor price set at Rs. 83/share

 

ECONOMIC TIMES

[I]  Top Large & mid-cap stocks that rise when oil prices fall

[I]  BJP gains in polls after every riot, says Yale study

[I]  Wipro's Premji gets Swiss Ambassador's Award for inspirational & socially responsible leadership

[I]  No scientific evidence to prove GM crops harmful: Government

[I]  Cut in gold import duty unlikely before Budget: Finance ministry official

[I]  Rating upgrade, 7% growth rate not far off for India: Citigroup

[I]  Macquaire highlights the five-Is that will drive India's growth higher

[I]  India can surprise in 2015 on factors of production focus: Citigroup

[I]  India to be fastest growing economy in 2-3 years: Mukesh Ambani

 

BUSINESS STANDARD

[I]  GSK drops plan to sell off older drugs business

[I]  'Realty mkt sees $4.5 bn investment during Jan-Sept'

[I]  295 infra projects delayed; cost overrun Rs 100,000 cr

[I]  Govt planning regulator for direct-selling sector

[I]  Govt considering proxy voting, e-postal ballot facilities for NRIs

[I]  MCX seeks buyers for its stake in MCX-SX

[I]  BHEL commissions sixth unit of 412 MW Rampur hydro plant

[I]  Govt forms panel to check trade-based money laundering

[I]  UP power sector to get Rs 110K-cr investment by 2016-17

[I]  ONGC Videsh might soon buy stake in 2 Siberian oilfields

[I]  DuPont gets favourable order from IPAB in trade mark dispute on Nomex

 

MINT

[I]  India struggles to protect industry, services in RCEP talks

[I]  SBI to conduct ‘early review’ of loans sanctioned to SMEs

[I]  JSW Steel to invest up to ₹8,000 cr annually on capacity addition

[I]  RBI releases operative guidelines for mobile banking services

[I]  M3M buys Sahara’s Gurgaon land for Rs1,211 crore

[I]  Inksedge raises $1.5mn from Pinnacle Ventures and others

[I]  India to press G-20 for deadline to cut remittance costs

[I]  Ryerson Futures and Chokhani Group to launch $15 million fund in India

 

FINANCIAL EXPRESS

[I]  Tanks from Tata Motors, torpedoes from Pipavav

[I]  LIC may have to play white knight again

[I]  Andhra Pradesh govt to waive farm loans up to Rs 1.5 lakh

[I]  Panel suggests creation of postal bank with independent role

[I]  Internet space has 5-7 more years of exponential growth: Niren Shah, Norwest Venture Partners

 

FINANCIAL CHRONICLE

[I]  Patel Engineering sells Mumbai land for Rs 300 crore

[I]  CBI defends court summon of Sunil Bharti Mittal, Ravi Ruia

[I]  HDFC Bank, ICICI Bank cut retail fixed deposit rates

[I]  India's domestic air traffic grew by over 16 pct in Oct: IATA

[I]  Sensex edges lower, Nifty inches up in lacklustre trade

[I]  Panel to monitor $ 42b US investment in India

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

[I]  Exit norms for foreign investors in construction

 

Best Regard, ARBIND