MACRO ECONOMIC NEWS

Macro Economic News 08 Dec 2016

 

FINANCIAL TIMES

[I]  China FX reserves drop $70bn as outflow accelerates

[I]  Turkish military purge has ‘degraded’ Nato, says general

[I]  UK and Germany face EU action on ‘dieselgate’

[I]  India defends banknote ban

[I]  Business wary of Twitter blasts from Trump

[I]  Trio of banks hit back at Euribor-rigging fine

[I]  House prices: lay of the land

[I]  Pause in dollar strength is merely a consolidation

 

BLOOMBERG 

[I]  Japan Slashes 3Q Growth Estimate as Business Spending Drops

[I]  U.S. Indexes Rise to Records as Bond Rout Eases Ahead of the ECB

[I]  China Set to Rescue Australia Economy at Just the Right Time

[I]  Saudis Are Trying to Figure Out How the Post-Oil Era Works

[I]  Flood of Cash Leaving China Inspires Little More than a Yawn

[I]  The 'Lucky Country' Gets an Economic Wake-Up Call

[I]  Keeping the Faith (Even After a 99% Wipeout) for Shareholders

[I]  BOJ Deputy Iwata Says No Shift Away From Asset Purchases

[I]  Top-Tier Hong Kong Developers Cut Loan Costs by as Much as 40%

[I]  Vietnam's Startup Scene Lures Back One-Time Refugees

[I]  China's Big Savers Are Racking Up More Debt

 

BUSINESS LINE

[I]  RBI cites inflation risk, holds rate; markets stunned

[I]  Discretionary products bear the brunt of demonetisation, witness steep fall in sales

[I]  Cabinet approves sops to boost ‘made-ups’ sector

[I]  PM crop insurance scheme has covered 26% of farmers

[I]  Going cashless has its own set of complexities: Nilekani

[I]  With rates on hold, borrowers will get relief only with a lag

 

ECONOMIC TIMES

[I]  Mutual Fund asset base hits new high of Rs 16.5 lakh crore in Nov

[I]  26.5% farmers sought coverage under PM's crop insurance scheme

[I]  Demonetisation: No special dividend for government, says Urjit Patel

[I]  Inflows into Jan Dhan A/Cs decline post govt warning: CBDT

[I]  Labour Ministry opens over 13.76 lakh bank a/cs since November 26: Government

[I]  Demonetisation effect: Money supply growth may decline by 3%

[I]  Almost 12 lakh crore old notes deposited so far: RBI

[I]  Engineering exporters would look up to RBI to restore normalcy: EEPC

[I]  Pulses import at 27.48 lakh tonnes in April-October

[I]  RBI lowers growth forecast to 7.1%

[I]  Cabinet Committee approves half yearly review of nutrient-based subsidy rates

 

BUSINESS STANDARD

[I]  RBI surprises with pause on rates

[I]  Govt to spend Rs 60,000 cr more on rural jobs

[I]  Centre mulls scrapping wheat import duty to boost supplies

[I]  Market outlook downgraded as note ban hits economy

[I]  IIT placements see 10% drop this year

 

 

Best Regards, ARBIND