Macro Economic News 01 Oct 2016

 

FINANCIAL TIMES

[I]  China ban drives black market in maids

[I]  Carmakers embrace an electric future

[I]  Brexit divorce lawyers eye up EU’s wine list

[I]  EU to fast-track Paris climate change agreement

[I]  India ‘strikes’ Pakistan terror targets

[I]  German lender’s €37bn credibility gap

[I]  Britain counts cost of weakened sterling

[I]  Debt risks burning a hole in Silicon Valley

[I]  BoE’s descends into the monetary mire

 

BLOOMBERG 

[I]  OPEC Deal Will Further Squeeze Asia's Refiners, Goldman Says

[I]  Chocolate-Eating Cows Bring in the Cash for Australian Firm

[I]  Modi, Sharif Curb Tensions After Raid Across Pakistan Border

[I]  North Korea's Nukes Keep Getting Stronger

[I]  Here's the Smoking Gun That China Has a Huge Housing Bubble

 

BUSINESS LINE

[I]  Spectrum auctions kick off today amid telecom war

[I]  Area-based exemptions to industry will continue as refunds under GST

[I]  SEBI sees cautious growth in online commodity trading

[I]  Fiscal deficit in April-Aug reaches 76.4% of Budget estimate

[I]  BRICS to boost education ties

[I]  2020 vision: How India can recapture its glory in the tea market

[I]  No procurement relief for onion farmers

[I]  Monsoon ends at par, brightens rabi crop outlook

 

ECONOMIC TIMES

[I]  Euro hits two-month low against Swiss franc on Deutsche Bank jitters

[I]  India gets 3% lower rainfall in June-September monsoon

[I]  India's external debt lowers to $479 billion at June end

[I]  Govt approves Rs 1,660 crore highway projects across 8 states

[I]  Townships over 50 acres to enjoy moderation of land ceiling act

[I]  Long-term road map for strong infra in the North-East needed: Assam Minister

[I]  RBI proposes norms for investments in overseas startups

 

BUSINESS STANDARD

[I]  GST Council falters on service tax control

[I]  Income Declaration Scheme: Rs 65,000 cr and counting

[I]  RBI takes Fed route on monetary policy

[I]  Trade forums raise policy violation issue ahead of festive sale

[I]  Core sector growth up 3.2% in August

[I]  Maharashtra to sign agreement to join UDAY scheme

[I]  Bonds worth Rs 1.67 lakh crore sold under UDAY

[I]  Forex reserves rises $1.2 bn to $371 bn

[I]  Secret Alpine gold vaults are the new Swiss bank accounts

 

Best Regards, ARBIND

Macro Economic News 30 Sep 2016
 

FINANCIAL TIMES

[I]  Dealmaking falls to three-year low

[I]  Bankers fear Saudi pullout over 9/11 law

[I]  AI is ‘Next Big Thing’ to worry about

[I]  UK insurers eye Solvency II changes

[I]  Taste remains for big cross-border deals

[I]  EU ready to push back on bank capital rules

[I]  Global investors eye China debt

[I]  Opec agreement faces array of hurdles

[I]  EM investors lose fear of political risk

 

BLOOMBERG 

[I]  Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks

[I]  Data Deluge Shows Japan’s Economy Sputters on as Prices Fall

[I]  China Aims to Succeed Where Japan Failed in Yuan Global Push

[I]  How Much Longer Can the BOJ Overshoot Inflation?

[I]  PBOC Seen Switching to Monetary Tightening as Soon as 2017

[I]  Quant Hedge Funds Are China's Hot New Export

[I]  China Bond Defaults Tick Up After Lull as Dye Maker Delinquent

 

BUSINESS LINE

[I]  Centre retains borrowing target at Rs. 2.45-lakh cr for H2

[I]  MF risks: SEBI mulls stronger checks

[I]  EPFO doubles investment limit in equities to 10%; trade unions up in arms

[I]  India, Iran, Afghanistan meet to finalise protocols on Chabahar port within a month

[I]  PM to sign declaration for a clean India today

[I]  Centre completes telecom network rollout in Naxal-affected regions

[I]  Trade asks Tea Board to act on pan-India auction issues

[I]  Lenders cannot publish defaulters’ photographs randomly, says RBI

 

ECONOMIC TIMES

[I]  12 SME IPOs to hit markets tomorrow to mop up Rs 70 crore

[I]  Rupee bonds see biggest surge in foreign holdings in two years

[I]  India Inc captains bat for manufacturing boost

[I]  PSBs heading to driverless state, succession plan needed: RBI Deputy Governor SS Mundra

[I]  Banks willing to sell policies of multiple insurers

[I]  Government to further import 1.70 lakh tonnes of pulses

[I]  Anti-dumping duty likely on certain Chinese steel products

[I]  India to grow at more than 7 per cent: IMF

[I]  Bihar, MP, other 'Bimaru' states shine in urban reforms

 

BUSINESS STANDARD

[I]  Corporation tax mop-up below par

[I]  Midnight drills in war rooms ahead of big fat sale

[I]  Surgical strikes keep India Inc on edge

[I]  Demand for political risk cover up

[I]  Taxmen hope black money declarations will touch Rs 50k cr

[I]  BBB seeks bigger say in bank governance

[I]  Govt notifies Monetary Policy Committee

[I]  RBI asks banks to revisit documentation for agri loans

[I]  Interest rates on small savings schemes cut marginally

 

 

Best Regards, ARBIND

Macro Economic News 29 Sep 2016
 

FINANCIAL TIMES

[I]  Opec agrees to cut in oil output

[I]  Japan revamps GDP data over accuracy fears

[I]  Merkel chides Greece over handling of asylum

[I]  Trump focuses minds on climate deal

[I]  Draghi faces Bundestag wrath on ECB stance

[I]  South Sudan risks reigniting civil wart

[I]  US warns Russia on Syria after hospital attacks

[I]  Lagarde warns of ‘economic malpractice’

[I]  Abe must build on corporate sector reform

 

BLOOMBERG 

[I]  Germany’s Sub-Zero Bond Yields Hard to Resist Amid Banking Woes

[I]  China’s Big Ball of Money Isn’t Going Anywhere Near Stocks

[I]  China’s $5 Billion Health-Care Deal Spree Shows Global Ambitions

[I]  OPEC Agrees to First Oil Output Cut in Eight Years

[I]  Vietnam’s Economy Expands 6.4% in Third Quarter on Export Boom

[I]  Wave of Chinese Scrap Metal Growing Threat to Miners

[I]  China's Red-Hot Property Market Risks Missing Lessons From Japan's Crash

[I]  Japan's Wages Too Low and Corporate Cash Hoard Too High: IMF

[I]  Yuan Derivatives Trade Dries Up as Drop Swells Hedging Costs

[I]  China Adds Anti-Subsidy Duty to U.S. Distillers’ Grains Imports

[I]  Mid-Sized Chinese Bank Writes Off Almost $1 Billion of Assets

 

BUSINESS LINE

[I]  Govt begins cutting its PSU losses with strategic divestment, closure

[I]  Indian oil PSU bloc’s stake buy in Russian assets okayed

[I]  PSU shares buyback: Govt may get Rs. 17,000 cr by Oct

[I]  Approval for pact with Singapore on industrial property rights

[I]  BRICS nations plan to formalise labour, social security net

[I]  Indian IT industry likely to be worth $300 billion by 2022: Kris Gopalakrishnan

[I]  Centre looking at labour reforms in plantations

[I]  Sugar output seen lower at 234 lt in 2016-17 on dip in cane acreage

[I]  ‘Slowdown in inward remittances, a concern’

 

ECONOMIC TIMES

[I]  ISMA raises sugar output estimate for 2016-17 season to 233.7 lakh tonnes

[I]  Sexual harassment cases rise by 26% in Nifty 50 companies; Wipro, ICICI, Infosys top list

[I]  Black money declaration without PAN to be accepted

[I]  India-Nigeria pact to boost Infrastructre, Energy Sectors

[I]  FM Arun Jaitley upbeat on WEF rankings, says India will emerge big player

[I]  Bad loans, infrastructure, ICT hurdles hurt India's competitiveness: WEF

[I]  'India, Iran, Afghanistan keen on expediting pact on Chabahar'

[I]  India contemplates entering bilateral social security agreement with BRICS nations

[I]  India will not replace China as the motor of industrialization in near future: IEA

 

BUSINESS STANDARD

[I]  Modi govt's first strategic sale gets Cabinet nod

[I]  With inflation slowing, there is space for monetary easing: Arvind Subramanian

[I]  Sebi allows commodity exchanges to introduce options

[I]  I-T department collects Rs 15,000 cr

[I]  PSBs can't be run like driverless cars: RBI

[I]  RBI to rely more on liquidity than rates

[I]  Sharp price run in 2 months prompts 27 firms to split stocks

[I]  SAARC Summit set to be postponed

[I]  India ratifies Paris Agreement, but with caveats

[I]  Red lines drawn for global deal on emissions from aviation

 

Best Regards, ARBIND

Macro Economic News 28 Sep 2016
 

FINANCIAL TIMES

[I]  Iran snubs Saudi offer to cap oil output

[I]  Debt binge eludes riskiest US companies

[I]  Price and trade risks chill global economy

[I]  Saudi Arabia cuts public sector bonuses

[I]  Singapore warned on financial crime record

[I]  China cities move to halt housing frenzy

[I]  Air pollution a ‘health emergency’, says WHO

[I]  China mergers shake up steel sector

[I]  German financials face sustained pressure

[I]  Luxembourg launches ‘green bond’ platform 

 

BLOOMBERG 

[I]  Treasury 30-Year Rally Has Yields Set for September Round-Trip

[I]  Ringgit Falls Toward Weakest in Three Months After Oil Declines

[I]  China’s Ambitious Plan to Make the Yuan the World’s Go-To Currency

[I]  Shanghai Is World's Top Pick to Become Next Financial Hub

[I]  Julian Robertson: Bubble May Burst in Stocks, Real Estate

[I]  Australia Waters Down Tax on Backpackers After Farmer Rebellion

[I]  China Bank Bond Leveraged Bets Lure Investors With 15% Yield

[I]  China Industrial Profits Jump Most in Three Years in August

 

BUSINESS LINE

[I]  ADB retains GDP growth at 7.4%

[I]  Heavy rain hits kharif crops in the South

[I]  Final call on algo trading after stakeholder feedback, says Sinha

[I]  Auto-IT cluster in Tamil Nadu could soon be a reality

[I]  Another round of wet spell in the making for Central, West India

[I]  Managing risk, a challenge for bond market: RBI’s Gandhi

 

ECONOMIC TIMES

[I]  QIPs all set to make a Rs 12,000-crore comeback

[I]  Possible to meet April deadline for GST: Jaitley

[I]  Sebi chief UK Sinha calls for common BRICS bond market

[I]  Number of chronically stressed companies rise: Credit Suisse

[I]  Intra-SAARC group releases operation plans 2025

[I]  India becomes the second most competitive BRICS economy, to grow faster than China: WEF

[I]  Niti Aayog plans to turn nation into 'blue economy'

 

BUSINESS STANDARD

[I]  India jumps 16 spots on Competitiveness Index

[I]  India to boycott Islamabad SAARC Summit

[I]  IT sector gets US presidential debate relief

[I]  IIT-Bombay start-up incubator goes for expansion

[I]  Govt to implement Khan panel views in 6 months

[I]  17 sick PSUs set to be closed down

[I]  FinMin pitching for Jan 31 Budget

[I]  PCA amendments to aid banks in prompt NPA management

[I]  Paris Agreement to constrain India's energy policy

[I]  ADB maintains India's economic growth at 7.4% for FY17

[I]  WTO cuts global trade growth to 1.7% in 2016

[I]  Daily enrolments see big drop in Jan Suraksha insurance

[I]  Monthly returns to be mandatory under GST

[I]  Credit demand may be muted this festive season

[I]  Credit Suisse report: No turnaround in India Inc's indebtedness yet

[I]  India not ready to join world's first climate deal

 

Best Regards, ARBIND