MACRO ECONOMIC NEWS

Macro Economic News 07 Dec 2016

 

FINANCIAL TIMES

[I]  EU companies in China hit by new exchange controls

[I]  Venezuela struggles to tame triple-digit inflation

[I]  Brussels to fine three banks over Euribor rate rigging

[I]  MPS and markets need certainty, say Italy officials

[I]  Merkel calls for ban on full veil in election pitch

[I]  S Korean corporate titans grilled on Park scandal

[I]  Cazeneuve appointed as France’s prime minister

[I]  China clamps down on insurers’ buying spree

[I]  Credit binge leaves Asian companies exposed

[I]  Japan passes bill to lift ban on casinos

[I]  Negative-yielding bond universe shrinks by $2.5tn

 

BLOOMBERG 

[I]  Dollar Gains as 10-Year Yield Reverses Drop; Pound Leads the Way

[I]  Australia’s Economy Shrinks Most in Eight Years; Currency Slumps

[I]  Aussie Dollar Slides After Economy Contracts More Than Forecast

[I]  Trump Takes On China in Tweets on Currency, South China Sea

[I]  American Shale Companies' Rush to Hedge Is Turning the Oil Market Upside Down

[I]  Oil Falls From 16-Month High as OPEC Production Keeps on Rising

[I]  There's a New Normal in China's Debt Market

[I]  Use Of Electric Vehicles Is Exploding: Investor

[I]  99% Shareholder Wipeout Shows Risk in Hong Kong Rights Offerings

[I]  The Yen's Swift Decline Could Go Too Far

[I]  RBA Holds Key Rate as Commodity Upswing Outweighs Slowdown

 

BUSINESS LINE

[I]  Bankers want RBI to use MSS route to mop up excess liquidity

[I]  India, EU free trade pact talks stumble as bilateral investment treaties are set to lapse

[I]  Corporate tax may be cut by 1-1.5 percentage point

[I]  More development bang for the buck

[I]  Old-economy companies lay the foundation for diversification with realty foray

[I]  Netting $196 million in Q2, India-focussed offshore funds, ETFs break 12-month trend

[I]  IMD sets up renewed watch for another cyclone in Bay of Bengal

 

ECONOMIC TIMES

[I]  India will overtake Germany in car production in 5 years: Mark Fulthorpe, IHS Markit Automotive

[I]  FIIs invest $50 bn in bond market but remain cautious

[I]  Bengal's cash-less agrarian revolution: To pay support price for rice directly into bank a/c

[I]  Wheat output may be hit if temperature rises: ICAR

[I]  India's oilmeal exports dip 9.75 per cent in November

[I]  India, China will help maintain Asia's growth rate in 2017: Asian Development Bank

[I]  Germany offers support to India for high speed rail, smart cities

[I]  Scope for further monetary easing on softer inflation: Fitch

[I]  BRICS nations vow to automatic sharing of tax information

[I]  India must boost manufacturing, says ADB executive

 

BUSINESS STANDARD

[I]  Indian IT firms face uphill task for new contracts up for rebid

[I]  Scope for further monetary easing on softer inflation: Fitch

[I]  Govt asks banks to install one million points of sale

[I]  Guidelines issued for cross-border electricity transactions

[I]  Russians feel note ban pinch, Germans see biz opportunity

[I]  RBI relaxes norms for online card transactions up to Rs 2,000

[I]  Steel firms hike prices by Rs 3,000 per tonne

[I]  Jewellery purchase by NRIs declines 50%

 

Best Regards, ARBIND