Macro Economic News 03 Sep 2016
 

FINANCIAL TIMES

[I]  Farm ‘hotspots’ carry air pollution risk

[I]  Pace of US jobs growth slows

[I]  Merkel no longer sought for campaign rallies

[I]  Brazilian business cheers Rousseff exit

[I]  Philippine drugs war sees death toll rise

[I]  Secularist to calm France’s Islamic tensions

[I]  Auditors must face up to their failures

[I]  Steel commodities boosted by Chinese data

[I]  Brexit gives us a chance to finish the Thatcher revolution

 

BLOOMBERG 

[I]  Gross Says September Rate Hike a Go as Pimco Warns Not So Fast

[I]  Hong Kong Home August Sales Hit 14-Month High as Mood Lifts

[I]  Payrolls in U.S. Cool in August as Jobless Rate Holds Steady

[I]  Putin Sees Opening With Japan on World War II Island Dispute

[I]  Another Sign Manhattan Real Estate Is Feeling the Pain

[I]  Singapore Eases Refinancing Rule for Homeowners

[I]  Asia Is a Growth Market for Military Aircraft

 

BUSINESS LINE

[I]  Strike by 18 crore workers results in Rs. 18,000-cr loss

[I]  Dismal jobs scene blights GDP growth

[I]  OECD meet: India to protect subsidies given to steel producers

[I]  Exports will see steady growth, says Commerce Minister

[I]  Kharif acreage up 4 per cent on rise in sowing of pulses

[I]  Core monsoon shifts to Himalayan foothills

[I]  ‘We are beginning to see aggregators coming into the commercial vehicle space’

[I]  Extending Sarfaesi Act to NBFCs credit positive, says ICRA

 

ECONOMIC TIMES

[I]  In the fast track: Rs 20-lakh-crore projects set to get green light from key PMO group

[I]  Fund raising via debt placement hits 16-month high of Rs 71,000 crore

[I]  Crop planting jumps nearly 4 per cent in last phase

[I]  Expect current a/c surplus of $4 bn in June quarter: Nomura

[I]  Government wants banks to act on big defaulters

[I]  Chorus grows for lower GST rate, some policymakers want it at 16%

[I]  Government approaches private firms for financing Swachh Bharat Mission

[I]  Dropped idea of White Paper on economy as it could have hurt national interest: PM Modi

[I]  What the trade union workers' fight is all about: Rs 350 vs Rs 692

[I]  Panel on merger of rail, general budgets to give report soon

 

BUSINESS STANDARD

[I]  Price war to expedite M&As and exits of smaller players

[I]  Export growth will be slow but steady: Sitharaman

[I]  Trai extends date for receiving comments on interconnect charges

[I]  Maharashtra announces new housing policy

[I]  Banks not excited on wider market for stressed assets

[I]  New 10-year govt bonds issued at 6.97 per cent

[I]  Forex reserves dip $392.6 million

[I]  Investors tend to see through noisy politics: Rajan

 

Best Regards, ARBIND

Macro Economic News 02 Sep 2016
 

FINANCIAL TIMES

[I]  China steps up Cambodia courtship

[I]  London hit as FX trading shrinks

[I]  ‘Ugly’ manufacturing data add to Fed dilemma

[I]  IMF urges ‘forceful’ G20 action on growth

[I]  EU clears Three/Wind merger in Italy

[I]  German banks’ flirtation stirs debate

[I]  UK manufacturing bounce sends pound higher

 

BLOOMBERG 

[I]  Emerging Currencies Head for Third Weekly Fall; Ringgit Slumps

[I]  Putin Sees Opening With Japan on World War II-Era Island Dispute

[I]  Another Sign Manhattan Real Estate Is Feeling the Pain

[I]  On Digital Currencies, Central Banks Should Lead

[I]  Hong Kong Government Hacked by Chinese Cyberspies: U.S. Security Firm

[I]  Billionaire Urges $15 Billion Haircut for Indian Bad Debt

[I]  China Encourages State Firms, Foreign Investors to Back Startups

 

BUSINESS LINE

[I]  RBI expands market for sale of banks’ stressed assets

[I]  Zero foreign investment till date in Modi’s smart cities mission

[I]  Consumer Protection Bill may be taken up in Winter session

[I]  Rubber Board urges growers not to scale down production

[I]  No moisture stress so far makes this monsoon special: IMD chief

[I]  RBI ushers in trading in inter-bank currency market

[I]  Norms for floating small finance, payments banks ‘may be eased’

[I]  Capacity of banks to support growth must never be diluted, says Jaitley

 

ECONOMIC TIMES

[I]  Credit information companies to issue 1 credit report a year per customer

[I]  Top local audit companies seek PM's help to fight foreign players

[I]  10% more rains needed in September for normal monsoon, says Met Dept

[I]  Wheat supplies tight, may boost low global prices

[I]  Silver Lining: India April-June GDP lowers to 7.1 per cent

[I]  Manufacturing PMI at 13-month high in August

[I]  Arun Jaitley banks on improved government support for stronger performance of banks

[I]  15 states ratify GST, just a step away from presidential nod

 

BUSINESS STANDARD

[I]  Reserve Bank widens market for sale of stressed assets

[I]  FRBM panel may advise govt against fiscal deficit range

[I]  Festival demand, good monsoon put car sales in full throttle

[I]  Consumers purchasing online more frequently: Report

[I]  India to seek airport slots for its airlines abroad

[I]  Small traders to be exempted from GST: Adhia

[I]  Urban unemployment climbs to 11.24% in August, rural 9.18%

 

 

Best Regards, ARBIND

Macro Economic News 01 Sep 2016
 

FINANCIAL TIMES

[I]  ‘Massive demand’ greets Saudi bond sale

[I]  EU outlaws network-wide ad blocking

[I]  US declares victory in G20 austerity debate

[I]  Nigeria falls into recession as economy shrinks

[I]  India to launch $1.5m investor visa

[I]  Investors beware, chill winds are coming

[I]  China foreign policy: Throwing out the rule book

 

BLOOMBERG 

[I]  China’s Factory Gauge Unexpectedly Rises to Highest Since 2014

[I]  Mystery of Oil Held on Chinese Islands Puzzles Crude Markets

[I]  Gross Calls for Two Fed Hikes at Double the Pace Seen by Market

[I]  Bank of Japan Has an 8.7 Trillion Yen Gap in Balance Sheet

[I]  China Wealth-Management Products Rise to Record $3.9 Trillion

[I]  Foreign Investors Turn Sellers in Vietnam After 10-Year Spree

[I]  Helicopter Money Predictions Are Still Flying High in Japan

 

BUSINESS LINE

[I]  At 7.1%, GDP growth hits 6-quarter low

[I]  Govt approves measures to get stalled realty projects going

[I]  Auto sector seeks ‘undisturbed’ policy roadmap, single ministry

[I]  With trade unions firm, 15 crore workers set to down tools on Sept 2

[I]  1% cess on 2,000cc diesel vehicles won’t help in reducing pollution: SIAM president

[I]  Beware of ‘innovative concepts’, SEBI cautions investors

[I]  Heavy rain inundates parts of North India and peninsular region

[I]  Relief for banks, as FinMin relaxes ‘FATCA’ compliance norm

 

ECONOMIC TIMES

[I]  At 3.2 per cent, eight core industries clock slower growth in July

[I]  April-July fiscal deficit at 73.7% of full year estimate

[I]  Public debt rises 3% in April-June quarter

[I]  Cabinet approves NITI Aayog proposal to boost construction sector, restart stalled infra projects

[I]  India growth threatened by business 'roadblocks': John Kerry

 

BUSINESS STANDARD

[I]  New RBI norms to make FY17 costlier for large firms

[I]  CCI slaps Rs 6,700-crore fine on 11 cement firms

[I]  Data tariffs too high in India, says Analysys Mason report

[I]  LPG market gets ready for pvt oil firms

[I]  Invest Rs 10 cr, be a permanent resident of India

[I]  Petrol price hiked by Rs 3.38/litre, diesel by Rs 2.67/litre

 

Best Regards, ARBIND

Macro Economic News 31 Aug 2016
 

FINANCIAL TIMES

[I]  Trump to unveil ‘disruptive’ economic plan

[I]  Britain and France strengthen Calais pact

[I]  Bad loan growth slows at China’s banks

[I]  Chinese future looms for HK real estate

[I]  Italy real estate funds are hot property

[I]  Iraq talks up oil production freeze

[I]  Copper flashing red signals on China

[I]  Fed will trump emerging fundamentals

[I]  Overseas investors cut back on UK gilts

[I]  Capitalism and democracy: the strain is showing

 

BLOOMBERG 

[I]  Hong Kong Housing Prices to Fall a Further 10%: Nomura

[I]  Iceland Raises Alarm After Largest Volcano Starts to Rumble

[I]  Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead

[I]  Fed’s Fischer Says Negative Rates Seem to Work in Today’s World

[I]  Burning Rain Forest a Hard Habit to Break for Palm Oil Industry

[I]  India Considers $1.5 Million Residence Visa to Woo Investment

[I]  China Just Made Its Biggest-Ever Metals Deal

[I]  Helicopter Money Predictions Are Still Flying High in Japan

[I]  National Australia Bank Says Low Jobless Rate Prevents Bad-Debt Spike

 

BUSINESS LINE

[I]  Monsoon may take longer to start withdrawing from Rajasthan

[I]  Muted sales of medium, heavy commercial vehicles worry auto sector

[I]  Indian Bank pares share of bulk deposits to 4.3%

[I]  Banks can do better on provisioning for loan losses: RBI Deputy Governor

[I]  Centre raises minimum wage, but unions stand by Sept 2 strike call

[I]  ‘Centre will now focus on raising banks’ ability to support growth’

[I]  Shared priorities make India-Africa health tie-up critical: ICMR chief

 

ECONOMIC TIMES

[I]  Stay away from lotteries and schemes on equity markets: Sebi

[I]  Consolidation like in telecom may be the way forward for life insurers

[I]  Road safety fund in the works, traffic offences to attract fines

[I]  MSE credit cover fund not self-sustaining: RBI

[I]  RBI cautions banks over retail lending

[I]  Corporate borrowing cost see greater fall than home loans: RBI

[I]  Economy seen losing steam in June quarter

[I]  India may underperform, says Credit Suisse

[I]  India retains its position as third largest investor in UK

[I]  RBI cautions state run lenders on over exposure to retail sector

 

BUSINESS STANDARD

[I]  Centre hikes minimum wages and bonus, trade unions not impressed

[I]  Industry pitches for GST rate of 18%

[I]  Diesel ban hits auto industry revenue by Rs 4k cr

[I]  State-run oil firms to form JV for jet fuel

[I]  Insurers call for 2020 fossil fuel subsidy phase-out plan

[I]  Govt panel clears 16 highway projects for bidding

[I]  Uncertain outlook for GDP growth

[I]  New 10-year bond issue may be about 7%

[I]  Steel companies plan to increase prices

 

 
Best Regards, ARBIND