MACRO ECONOMIC NEWS

Macro Economic News 10 Aug 2016

 

 

FINANCIAL TIMES

[I]  Putin and Erdogan vow to restore links

[I]  Bank of England bond-buying hits trouble

[I]  Olympics give Rio a chance to rebrand

[I]  Rajan urges persistence in bank clean-up

[I]  US foreclosures fall to record lows

[I]  China producer deflation lowest in two years

[I]  US lenders fall behind in dealmaking drive

[I]  China debt vultures hunt for bargains

[I]  Renminbi shock a distant memory for markets

[I]  UK and eurozone yields hit record lows

[I]  Corporate loans track Libor rise

 

BLOOMBERG 

[I]  Japan’s Plunging Jobless Rate Is About Aging, Not Abenomics

[I]  Iron Ore Giants Reject Proposed A$7.2 Billion Mining Tax Hike

[I]  China Power Giant’s Grid Bid Tests Australia Investment Nerve

[I]  Billionaire’s Fund Predicts Prolonged Slump in India Home Sales

[I]  Shock Therapy Needed for Kiwi If RBNZ Wants Inflation to Fly

[I]  China's Banks Help Finance $157B M&A Spree

[I]  The World’s Energy Engine Is Slowing

[I]  China Data Paints Picture of Stabilization

[I]  Top Chinese Fund Buys Automaker Shares in Bet Economy Recovering

 

BUSINESS LINE

[I]  More protection for steel industry with dumping levy on products from 6 nations

[I]  Tax collections buoyant, surge 20% in April-July

[I]  India’s reinvention is a work in progress

[I]  Swelling tax kitty reflects upturn in economic activity

[I]  MFs’ asset base crosses Rs. 15-lakh cr

[I]  Use FDI in e-commerce infra upgrade, not discounts: DIPP

[I]  ‘FCNR deposit redemptions next month will go smoothly’

[I]  RBI is comfortable with bad loans clean-up by banks: Rajan

[I]  RBI’s decision to hold rates on expected lines: bankers, experts

 

ECONOMIC TIMES

[I]  Govt refuses to divulge land ordinance details

[I]  Copper demand falls in Chinese market

[I]  Will corporate bonds usher future corporate credit?

[I]  Top 100 borrowers owe PSBs Rs 13.71 lakh crore

[I]  RBI to inject Rs 10,000 crore for liquidity crunch on FCNR payout

[I]  Rs 78,000 crore worth goods stocked in Indian homes: OLX survey

[I]  Online marketplace for all government buys

[I]  Parting gift from Raghuram Rajan: Corp bond reforms on August 25

[I]  India ready to abolish tariff structure if RCEP promises FDI

[I]  Delay in rate hike by developed economies concerns Raghuram Rajan

[I]  Government plans to provide electricity to 18000 villages in 1000 days: Narendra Modi

[I]  GST to raise returns across economy: Raghuram Rajan

[I]  RBI flags risk of higher inflation

[I]  Raghuram Rajan leaves key rates unchanged at his last policy meet, warns of inflation risks

 

BUSINESS STANDARD

[I]  In his last policy, Rajan puts onus on banks

[I]  India on the cusp of 30-year cycle of good monsoons

[I]  Good monsoon has positive spin-off on govt finances

[I]  Distress in power market visible in low spot prices

[I]  RCEP effect: Hope springs eternal in India's readiness to cut tariff

[I]  Bill to reform motor vehicle law introduced

[I]  It is not wise to assume GST implementation will necessarily increase inflation: Raghuram Rajan

 

Best Regards, ARBIND