Macro Economic News 17 Sep 2016
 

FINANCIAL TIMES

[I]  Migration spat mars move to revive EU

[I]  ‘Withered’ forces not fit to defend UK

[I]  Stimulus fears turn $1tn bonds positive

[I]  More than 1m people flee South Sudan

[I]  Corruption raid raises concerns in Greece

[I]  India surrogacy crackdown raises concerns

[I]  Europe spurns UK plea for Brexit guidance

[I]  IPO markets come back to life after Brexit

[I]  Investors start to relax before the Fed

[I]  Muni borrowing costs jump as reforms loom

 

BLOOMBERG 

[I]  Goldman Chooses Cash As It Downgrades Bonds

[I]  Rising Global Imbalances Should Be Ringing Alarm Bells, Says HSBC

[I]  S&P Downgrades Nigeria Further Into Junk as Oil Woes Worsen

[I]  China’s Holdings of U.S. Treasuries Fall to Lowest Since ’13

[I]  Japan Looks to Bring in More Foreign Workers as Population Falls

[I]  Japanese Employees Rarely Switch Jobs, Ask for Pay Raises

[I]  Australia’s Jobless Rate Declines as Fewer People Seek Work

[I]  China's Yuan Faces a Rocky Road to Becoming a Truly Global Currency

 

BUSINESS LINE

[I]  India loses appeal in solar dispute against US

[I]  Global summit to facilitate exchange between India and Korean start-ups

[I]  In last burst, rains to scale up over central, south India over next fortnight

[I]  Need to trust RBI’s judgment on interest rates, says Jaitley

[I]  Banks optimistic about infra sector

[I]  Overcapacity, low industry demand putting pressure on power tariffs

[I]  ‘Central banks can’t sustain negative interest rates forever’

[I]  India slips 10 notches in World Economic Freedom Index 2016

 

ECONOMIC TIMES

[I]  India’s foreign exchange reserves touch record high at $370 billion

[I]  Seven telcos submit Rs 15,000 crore earnest money for auction

[I]  Kharif acreage 3.6% higher than year ago

[I]  Mauritius seeks India's help, post tax treaty revision

[I]  [I]  China sets up council to promote investments with India

[I]  Loan up to Rs 70,000 for homeless, mud houses dwellers

[I]  Announce higher MSP for pulses, speed up procurement: CEA panel

[I]  Maharashtra government hikes VAT on petrol by Rs 1.50 per litre

[I]  Commerce Ministry forms task force to improve innovation ecosystem

[I]  Government notifies Council for Goods and Service Tax

 

BUSINESS STANDARD

[I]  Telecom firms signal muted response to spectrum sale

[I]  Banks struggling to find promoters for ailing firms: FM

[I]  Launch frenzy awaits car buyers this festive season

[I]  Shortage of delivery agents could trip e-commerce sales this festive season

[I]  India-Nepal to set up oversight panel to expedite projects

[I]  Enforce NFSA or pay price for foodgrain, Centre warns Kerala, Tamil Nadu

[I]  Subramanian bats for higher MSP on all pulses

[I]  Booming India helps drive demand for Scotch whisky, says trade body

[I]  India grabs 112th spot on World Economic Freedom Index

 

Best Regards, ARBIND

Macro Economic News 16 Sep 2016

FINANCIAL TIMES

[I]  Stimulus fears turn $1tn bonds positive

[I]  Almost all US equity funds lag behind benchmark

[I]  Wall St urges Brexit ‘transition period’

[I]  May signals tougher line on infrastructure

[I]  Brazil’s corruption probe tightens noose

[I]  Five South African groups face downgrade

[I]  Australia warns over ‘Google tax’ avoidance

[I]  Politics threatens US growth, says study

[I]  Stimulus fears drag $1tn of bonds back to positive yields

BLOOMBERG

[I]  Japan’s Biggest Bank Urges BOJ to Weigh Policy Side Effects

[I]  Greenspan Worries That ‘Crazies’ Will Undermine the U.S. System

[I]  There’s a $300 Billion Exodus From Money Markets Ahead

[I]  Australia’s Jobless Rate Declines as Fewer People Seek Work

[I]  China's Yuan Faces a Rocky Road to Becoming a Truly Global Currency

BUSINESS LINE

[I]  Devaluation chatter sends the rupee on a wild ride

[I]  Record food output in sight despite rain deficit: Centre

[I]  Trade deficit shrinks; exports poised to rebound

[I]  India is now the second-largest internet market

[I]  Overcapacity, low industry demand putting pressure on power tariffs

[I]  Steel industry seeks extension of MIP, more products under its ambit

[I]  Smart cities could result in social inequality, say experts

[I]  Demand for home healthcare rises in metros, major cities

ECONOMIC TIMES

[I]  Vibrant Gujarat roadshow receives tremendous response in US

[I]  India, Russia to put in place a 'Green Corridor' to enhance bilateral trade

[I]  Mauritius hopes to remain major FDI source to India

[I]  Veg oil import down 8% at 12.61 lakh tonnes in August

[I]  Donald Trump's investment in India to impact US foreign policy: Report

[I]  India set for record harvest as monsoon retreat signals bumper crop

[I]  India’s exports marginally down in Aug, gold imports fall 77%

[I]  India Inc's mega project spends dip for third year

[I]  PM Narendra Modi wants all steps for GST rollout to be completed before April

[I]  ​Commerce Ministry for better exchange rate policy to boost exports

[I]  Aadhaar now must for government schemes, benefits

BUSINESS STANDARD

[I]  Indian BPM growing 8-9% yearly: Nasscom

[I]  Health care Start-Ups see low levels of funding: KPMG

[I]  Exports contract 0.3% to $21.51 billion in August

[I]  Rs 66,000-crore highway bonanza for poll-bound Punjab

[I]  Services exports fall 4.6% to $12.78 bn in July

[I]  PM calls for intensive meetings of GST Council

[I]  Banks issue costly bonds to shore up capital

[I]  Indian ad spends growth to beat global averages

Best Regards, ARBIND

Macro Economic News 15 Sep 2016

 

FINANCIAL TIMES

[I]  Obama vows to lift sanctions on Myanmar

[I]  Poor need access to generic drugs, UN says

[I]  Mexico builds wall against migrants

[I]  Japan opens door to temporary foreign workers

[I]  Investment banks urged to tap digital gains

[I]  Brexit makes EU capital markets union ‘more urgent’

[I]  Stress and volatility flood back to markets

 

BLOOMBERG 

[I]  The Bond Market Is Flashing a Signal That Traders Haven’t Seen Since 2012

[I]  New Zealand Economy Grows Fastest in 2 Years Amid Building Boom

[I]  Greenspan Worries That ‘Crazies’ Will Undermine the U.S. System

[I]  Singapore High-Rise Office Rents Fall 7%; Hong Kong's Rise 5.9%

[I]  Watching People Eat Is Big in Korea; Now It’s in the U.S.

[I]  Thailand Holds Key Rate as Economic Recovery Gains Momentum

[I]  Australia's 30-Year Bonds Are a Treat for Yield-Hungry Debt Investors

[I]  E-Commerce Puts Once-Troubled China Railway Bonds on Track

 

BUSINESS LINE

[I]  Banks in a bind over RBI norm

[I]  US Agri Dept cuts India’s soyabean crop estimate to 6.08 mt

[I]  RBI to review norms for overseas hedging of commodity price risk

[I]  Microfinance lending hits $10 b

[I]  EPF got 95% contribution via internet banking in August

 

ECONOMIC TIMES

[I]  All India tea production dropped by 7.22%

[I]  Lower prices of pulses yet to reach consumer as retail rates still high

[I]  India expected to post first current account surplus in nine years

[I]  African oil import funds may be put in vostro accounts to settle exporters’ dues

[I]  Wholesale price inflation hit 24 month in August

 

BUSINESS STANDARD

[I]  Automation to replace people for repetitive work, says report

[I]  Global investment on energy fell 8% last year

[I]  India said to have referred deal to forex probe agency

[I]  Labour Ministry to introduce bill on wage code in next session

[I]  Road ministry, NHAI to take up 82 highway projects for better port connectivity

[I]  RBI forms panel to review commodities hedging guidelines

 

Best Regards, ARBIND

Macro Economic News 14 Sep 2016

FINANCIAL TIMES

[I]  Rising US incomes defy election narrative

[I]  IEA warns oil glut to last into 2017

[I]  US takes China to WTO over farm subsidies

[I]  Leaders urge EU to do more to protect poor

[I]  Divided Fed scrambles message on rates

[I]  Strong China data ease stimulus pressure

[I]  Pension deficits threaten UK dividends

[I]  BoE’s £10bn bond-buying to focus on energy

[I]  Australia plans first 30-year bond

[I]  Globalisation ‘not to blame’ for income woes, study says

BLOOMBERG 

[I]  Bond-Market Selloff Deepens as Money Managers Pile Into Cash

[I]  Junk-Bond Buyers Persist in Yield Hunt Amid Global Market Spasms

[I]  Libor’s Reaching Point of Pain for Companies With High Debt

[I]  Asian Stocks Slump Deepens Amid Stimulus Angst as Ringgit Falls

[I]  Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says

[I]  IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017

[I]  Japan Banks on Wildest Ride Since Global Crisis Before BOJ

[I]  U.S. Files WTO Case Against Chinese Agriculture Subsidies

[I]  IEA's Parry: China, Europe, India Lead Oil Demand Decline

[I]  Australia's 30-Year Bonds Are a Treat for Yield-Hungry Debt Investors

[I]  E-Commerce Puts Once-Troubled China Railway Bonds on Track

[I]  China’s PBOC Injects 28-Day Funds for First Time Since February

BUSINESS LINE

[I]  FinMin to seek Cabinet nod for single Budget

[I]  Monsoon set to begin retreating from Rajasthan

[I]  Ease of business ranking: India eyes improvement in 5 parameters

[I]  Karnataka has lost 6 lakh ha of farm land in a decade: official

[I]  Production of kharif pulses seen surging 48% to 8.2 million tonnes

[I]  Why G-Sec yields have fallen below the 7% mark?

[I]  India Inc’s route to energy conservation

ECONOMIC TIMES

[I]  Commodity market to get options only in two products initially

[I]  Banks add leverage to spice up 'masala' bonds for expatriate Indians

[I]  'India's exports turning corner, pick up likely from Oct'

[I]  Government plans Rs 3L-cr corridor to build 35,000km highway network

[I]  Petroleum products to enter under GST regime to fuel big gains

[I]  Finance Ministry likely to issue CPSE Exchange Traded Fund by December

BUSINESS STANDARD

[I]  E-commerce vendors signal slow festive season with low credit appetite

[I]  Carmakers get pricing wrong as models crowd market

[I]  Regulators step up scrutiny of drug makers

[I]  Used luxury car sales grow as new vehicle sales fall

[I]  As Mauritius amends DTAC, India promises help for infra projects

[I]  Falling wheat output, lower global price trigger import surge

[I]  Monsoon to start withdrawing in 3-4 days: IMD

Best Regards, ARBIND