Macro Economic News 24 Sep 2016
 

FINANCIAL TIMES

[I]  US anger over inaction on drug price rises

[I]  Saudis back oil cut tied to Iran freeze

[I]  India and France in €8bn fighter jet deal

[I]  2m at risk of starvation in Nigeria

[I]  Wounds from 2008 crisis are still bleeding

[I]  Low coffee profits threat to supplies

[I]  No bank will escape fallout from Wells Fargo scandal

 

BLOOMBERG 

[I]  Lowe Stamps Asset-Bubble Policy on RBA After 25 Years in Waiting

[I]  OPEC Could Build Some Sandcastles in Algiers

[I]  The Diverging Policies of Central Banks in Asia

[I]  Undecided Voters Are Proving a Tough Sell for Clinton and Trump

[I]  The Collectible Car Market Is Getting the Air Kicked Out of its Tires

[I]  Canadians Are Being Offered Cash to Abandon Their Homes

[I]  The New Space Race Signals Price Crash for Satellite Data

[I]  Biggest Indian Central Bank Overhaul to Ease Ties With State

 

BUSINESS LINE

[I]  TN govt to offer free Wi-Fi at schools, public spaces

[I]  PE investments in retail at new high

[I]  Corporate veterans turn agri-preneurs in quest to contribute

[I]  Defaults on corporate FDs leave investors in lurch

[I]  California eyes 4.4 lakh Indian visitors by 2020

[I]  Deadlock on GST broken; threshold set at ₹20 lakh, rates to be discussed in October

[I]  Kharif sowing acreage surpasses average of last five years

 

ECONOMIC TIMES

[I]  Railways to spend Rs 1.21L cr this year: Manoj Sinha

[I]  Forex reserves down by $1.67 billion to $369.6 billion

[I]  'August sees big surge in M&A deals; Jan-Aug tally at $22 billion'

[I]  Indian services sector to be affected if US changes policies post elections

[I]  NITI Aayog seeks to shift focus of India-China economic dialogue

[I]  Baseline data on socio-economic indices in a month: Niti Aayog

[I]  Commerce Ministry for closure of interstate check points post GST

 

BUSINESS STANDARD

[I]  GST Council settles exemption, control issues

[I]  Sebi relaxes InvITs, REITs rules; sops to foreign investors

[I]  Pay 45-90% more for last-minute flights

[I]  India wants BRICS to grow pulses; scrap agri export subsidies

[I]  Govt starts biggest ever overhaul of Budget

[I]  New Delhi keen to ink pact with South Africa to import pulses; urges China to push up imports

[I]  India initiates probe against China, 5 others

[I]  Five-Year Plans officially declared dead from FY18

[I]  Sebi toughens stand on algo norms

[I]  Aadhaar can't be mandatory, reiterates Supreme Court

 

 

Best Regards, ARBIND

Macro Economic News 23 Sep 2016
 

FINANCIAL TIMES

[I]  India and France in €8bn fighter jet deal

[I]  Draghi turns blame on bankers for their weak profits

[I]  Portugal faces renewed slowdown, warns IMF

[I]  Tax policies turn from austerity — OECD

[I]  ECB fears legal action will constrain QE

[I]  Fed caution helps bolster risk appetite

[I]  Argentina plans euro-denominated issue

 

BLOOMBERG 

[I]  Greenspan Warns Bond Rally Untenable as Bill Gross Says Go Long

[I]  Lowe Stamps Asset-Bubble Policy on RBA After 25 Years in Waiting

[I]  OPEC Under Pressure to Act in Algiers as Oil Surplus Triples

[I]  Japan Warns of Currency Intervention

[I]  Beware the Chinese Property Companies That Look Like Shadow Banks

[I]  China Said to Allow Default Swap Trade in 1st as Bad Debts Rise

[I]  Buy, Hold & Lose: How a Commodities Roll Undercuts Investors

[I]  Chinese Shipper Seeking Revamp Said to Ask Banks to Join Loan

 

BUSINESS LINE

[I]  TRAI seeks views on infra sharing in broadcast distribution services

[I]  PCs, cellphones come under attack from ransomware

[I]  Investors eyeing stake in Rs. 24,500-cr highway projects, says Ind-Ra

[I]  Domestic crude oil, natural gas production declines in August

[I]  ‘Need to perfect funding model to bridge infra deficit’

[I]  Start-ups will continue to disrupt traditional businesses, say investors

[I]  April-Aug cashew exports down 39%

[I]  Manufacturing slowing in September, reveals SBI Composite Index

 

ECONOMIC TIMES

[I]  Sebi may allow FPIs to directly trade in capital markets

[I]  Worried about defaults, Sebi wants rating agencies to make full disclosure

[I]  Prices of pulses up 20% ahead of festive season

[I]  Government permits NHAI, PFC, others to raise Rs 31,300 crore via bonds

[I]  Yield targeting an innovative move but legal can of worms for ECB

[I]  Fifth tranche of Sovereign Gold Bond expected to cross Rs 820 crore

[I]  India, US Export-Import Bank in talks on $8-9 billion nuclear loan

[I]  With Rs 21,000 crore in its bag, government confident of hitting divestment target this year

[I]  Current account deficit likely to be at 0.4% in FY'17: Nomura

[I]  India Inc's external borrowing jumps 4-fold to $3.17 billion

 

BUSINESS STANDARD

[I]  Govt appoints 3 academics to monetary policy panel

[I]  Consensus eludes GST threshold

[I]  RE certificates may be junked

[I]  Paris environment pact closer to coming into force

[I]  Sitharaman: 12 states on track to improve ease of doing biz

[I]  Govt announces additional incentives to exporters, widens MEIS ambit

[I]  Govt tells banks to focus on cash recovery

[I]  India, China to jointly promote tea production & consumption

[I]  Monsoon to resume withdrawal from next week

 

 
Best Regards, ARBIND

Macro Economic News 22 Sep 2016

 

FINANCIAL TIMES

[I]  Fed sets stage for 2016 rate rise

[I]  Hungary claims London is a ‘no-go’ zone

[I]  Zebari vote puts Iraq economy at risk

[I]  Abe puts focus on Japan part-time workers

[I]  Kerry urges one final chance for Syria truce

[I]  Brussels backtracks on mobile roaming

[I]  BoJ launches new form of policy easing

[I]  EMs urged to embrace digital finance

[I]  BoJ move risks worst of all worlds

[I]  China revives off-budget fiscal stimulus

 

BLOOMBERG 

[I]  Treasuries Yield Curve Flattens as Fed Pares Long-Term Rate Path

[I]  Yellen Rebuffs Pressure to Hike as Fed Gives Economy Room to Run

[I]  RBNZ Says Further Easing Will Be Needed Even as Economy Booms

[I]  BOJ Shifts Policy Framework to Targeting Japan’s Yield Curve

[I]  Bank of Japan’s Inflation Overshoot Deepens Policy Innovation

[I]  Warren Buffett and Other Big Thinkers Look Back on the Financial Crisis

[I]  Blowout in China Bank Basel III Yield Shows Bad Debt Concern

[I]  Less China, More India Make Singapore Hedge Funds Asia’s Best

 

BUSINESS LINE

[I]  Steel demand may go up 5.3% this fiscal

[I]  Centre approves three FDI proposals, defers seven

[I]  Centre sanctions more funds for infra spending

[I]  Green signal for tax information exchange agreement with Samoa

[I]  Karnataka decides against release of water to TN

[I]  Global tobacco body to Govt: Don’t leave industry out of WHO meet

[I]  Brand value of banks takes a beating

 

ECONOMIC TIMES

[I]  India Inc top dogs took home meatier pay packets last fiscal

[I]  Overall value of top 50 brands dips 2 per cent this year: Report

[I]  India Inc's growth still looks evasive as core sectors continue to lag

[I]  Bengal Govt directs for cold storage of veggies to control prices

[I]  India, China may escape worst of global environment: UNCTAD

[I]  Government projects marine exports to rise 20% to $5.6 billion in FY17

[I]  CAD narrows to $300million in Q1 on massive import contraction

 

BUSINESS STANDARD

[I]  IPO fundraising hits six-year high

[I]  Trade deficit lowers first quarter CAD

[I]  States want GST Council and FMs' panel, too

[I]  Additional infra spending of Rs 31,300 cr gets nod

[I]  New norms for risk management at commodity markets

[I]  NITI Aayog makes a pitch to win 50 Olympic medals

[I]  Delhi has the worst working conditions for women: Study

 

Best Regards, ARBIND

Macro Economic News 21 Sep 2016
 

FINANCIAL TIMES

[I]  Markets place limited bet on Fed rate rise

[I]  EU passporting threat to 5,500 UK groups

[I]  Kenya cuts rate by 50 basis points to 10%

[I]  Illegal immigration from Mexico falls in US

[I]  Brussels keen to seal Canada trade deal

[I]  US struggles to stop lone-wolf terrorists

[I]  US building up to pension crisis

[I]  Investors flee multi-strategy hedge funds

[I]  Debt buybacks boom as borrowing costs cut

[I]  Cheap money points to more taper tantrums

[I]  US business schools hit by weaker demand for two-year MBA

 

BLOOMBERG 

[I]  Long Trade in Corporates Brings Pain as Central Banks Deliberate

[I]  Helicopters Circle Over Bank of Japan With Kuroda Running Out of Options

[I]  BOJ Already Started Long Bond Taper Seen as Policy Option

[I]  Japanese Banks Latest Big Short for Top Hedge Fund on BOJ

[I]  Japanese Exports Decline for 11th Straight Month in August

[I]  Unlike in 1986, the U.S. Might Not Dodge a Recession: Deutsche Bank

[I]  Preparing for North Korea's Inevitable Collapse

[I]  Half a Million Jobs Lost as Textile Crisis Hits Pakistan's Economy

[I]  China Seeks to Boost Venture Capital With New Guidelines

[I]  Women Launch Over Half of All New Internet Firms in China

[I]  Two of Fed’s Own Primary Dealers Warn a Shock Hike Awaits Markets

[I]  China Shadow Banking May Lead to $375 Billion of Losses: CLSA

 

BUSINESS LINE

[I]  India turns to other nations for expertise in ‘ease of doing business’

[I]  Germany pushes for investment protection pact under India-EU free trade agreement

[I]  ‘Budget needs a complete revamp; need not be a secret document’

[I]  Cauvery water row hits commodity movement

[I]  Branch banking waning on digitisation push

 

ECONOMIC TIMES

[I]  Market hits 18-month high in September, but risks to India's sovereign rating linger

[I]  What steel glut? India defies world losses with output expansion

[I]  BRICS nations-led New Development Bank to raise up to $3billion in next 3 years

[I]  80 companies apply to be virtual telcos

[I]  China admits it's feeling pressure from India in manufacturing sector?

[I]  Australia continues its 'ambitious bilateral agenda' with India

[I]  India’s external debt rises 2.2% to $485 billion at March-end

 

BUSINESS STANDARD

[I]  FinMin seeks early GDP estimates, MoSPI says no

[I]  Green concerns cloud govt's divestment drive

[I]  FinMin to look into tax issues of FPIs: Das

[I]  PM's crop insurance scheme makes slow start in first season

[I]  FSSAI proposes norms to hold e-tailers responsible for food quality

[I]  Jharkhand releases policies for 6 sectors

[I]  Rating upgrade in 2 yrs if reform pace sustains: Marie Diron

[I]  States seek Rs 50,000 cr to boost tourism

[I]  ADB to loan $631 mn to first coastal corridor

[I]  Car scrapping: Govt looks at financial sops for buyers

[I]  Economy has improved, but pace slow, says Moody's

 

 

Best Regards, ARBIND