Macro Economic News 08 Oct 2016

 

FINANCIAL TIMES

[I]  Risky banks in latest Basel firing line

[I]  PM warned on ‘hard Brexit’ as pound slides

[I]  US seeks to avoid clash with Duterte

[I]  US jobless rise shows more seeking work

[I]  Chiefs give mixed response to May’s talk

[I]  Markets wary after sterling flash crash

[I]  UK assets tread Brexit tightwire in pivotal week

[I]  UK government bars foreign academics from Brexit work, LSE claims

 

BLOOMBERG 

[I]  Australia’s Morrison Sees Little RBA Enthusiasm to Ease Further

[I]  Flash Crash of the Pound Baffles Traders With Algorithms Being Blamed

[I]  Rude Awakening in the U.K. Over Brexit Cost Sends Pound Down

[I]  Payrolls in U.S. Rise 156,000 as More Americans Seek Work

[I]  Two-Minute Mystery Pound Rout Puts Spotlight on Robot Trades

[I]  Russia Becomes a Grain Superpower as Wheat Exports Explode

[I]  Shifting QE Debate Offers Comfort for New Zealand, English Says

[I]  Why China's Territorial Disputes Could Mean War

[I]  Sydney's Home-Buying Frenzy Is Ramping Up Risk Again

 

BUSINESS LINE

[I]  Chinese small enterprises see manufacturing potential in India

[I]  Spectrum auction blows holes in telcos, govt maths

[I]  Auto sector gearing up for better sales this festival season

[I]  Consumer durable firms hoping for a bumper Diwali

[I]  Lots of elbow room for Jaitley’s next Budget

[I]  SEBI paper moots demarcation of MF distributor and advisory roles

[I]  ‘Govt scrutiny needed on norms framed by regulators’

[I]  Govt may reduce reserve price for 700MHz; history will repeat itself: experts

[I]  ‘Bad bank’ not the answer to NPA mess, says Assocham chief

 

ECONOMIC TIMES

[I]  Finance Ministry backs scrapping of curbs on FDI in ecommerce

[I]  Cautious view of OPEC deal dampens oil price revival hopes: Reuters poll

[I]  Oil curves move above $50 as financial confidence in crude rises

[I]  Low revenue growth may put pressure on government capex plan

[I]  Spectrum auction flop not to impact fiscal math: Nomura

[I]  India's highway length slated to double: Nitin Gadkari

[I]  Finance Ministry backs easing curbs on FDI in ecommerce

[I]  Government sites sit defenceless as Pakistan steps up cyber attacks

[I]  Govt discontinues seven interest free advances for employees

[I]  India can benefit from Chinese experience; to grow to $10 trillion by 2030: Arvind Panagariya

 

BUSINESS STANDARD

[I]  Pricing led to missed opportunity: Telcos

[I]  India Economic Summit: Technology is driving away jobs, warn experts

[I]  States to get soft loans for rural electrification

[I]  LIC turns white knight for PSB capital infusion

[I]  Forex reserves touch record high of $372 bn

[I]  Sebi for tighter investment advisor oversight

 

 Best Regards, ARBIND

Macro Economic News 07 Oct 2016
 

FINANCIAL TIMES

[I]  Pound at 31-year low in 4-day sell-off

[I]  Vietnam scandal tests investment push

[I]  Japan fires blanks in campaign to sell arms

[I]  Aviation global warming pact wins go-ahead

[I]  World Bank chief pleads for more capital

[I]  No ‘comfortable’ UK trade deals — Merkel

[I]  World leaders dismayed at UK foreign worker plans

[I]  Next US leader urged to curb Chinese investment

[I]  Tech groups in race to spread AI

[I]  Japan’s big banks boost US deposits

 

BLOOMBERG 

[I]  Fed Hike Odds Jump to 64% From Coin Toss as Payrolls Test Looms

[I]  Flash Crash of the Pound Baffles Traders With Algorithms Being Blamed

[I]  Singapore Is Crushing Hong Kong in the Race to Cut Home Prices

[I]  Backlash to World Economic Order Clouds Outlook at IMF Talks

[I]  Alaska Oil Reserves May Have Grown 80% on Giant Discovery

[I]  As China Property Flashes Red, Australia Sees Iron Below $50

[I]  China Property Bubble Could Cause $600 Billion in Bad Debts

[I]  Sydney's Home-Buying Frenzy Is Ramping Up Risk Again

[I]  Singapore’s Hedge Fund Assets Rise at Slowest in Three Years

 

BUSINESS LINE

[I]  RBI issues guidelines for small and payments banks

[I]  US, EU must contribute more to Green Fund: Swedish Minister

[I]  Non-formal medicare in rural areas is rampant, says study

[I]  Co-working spaces take the floor as next realty asset

[I]  RBI suggests wider definition of banking outlet

[I]  RBI eases operating norms for payments banks

[I]  Small finance banks exempted from inter-bank borrowing ceiling

 

ECONOMIC TIMES

[I]  Adoption of GST poised to boost India's medium-term growth: IMF

[I]  India retains 3rd spot on Unctad list of investment destinations

[I]  Government asks industry to use trade pact with Japan to reduce deficit

[I]  World sees India as bright spot, experts expect more sunshine

[I]  Middle 60% India can help GDP growth to 10%: Study

[I]  Waste-to-wealth a Rs 10 lakh crore opportunity for India: Nitin Gadkari

[I]  India looking for increased capital support from World Bank: Arun Jaitley

[I]  Government looks at relaxing FDI rules further

[I]  GST moves a step closer to provide 'suvidha' to taxpayers

[I]  Finance Ministry to vet revised pay of govt staff, recover the excess

 

BUSINESS STANDARD

[I]  Spectrum sale ends, proceeds way off target

[I]  Breather for niche banks on capital, borrowings

[I]  New tech must be mindful of environment and jobs: Prabhu

[I]  Tap Japan pact to cut trade deficit, says Sitharaman

[I]  Power generation to meet 12th Plan target

[I]  Inter-state transmission charges for wind, solar projects waived

[I]  Tax deductions allowed for spectrum expenditure

[I]  Now avail train travel insurance at just one paisa

[I]  Hedge funds' ballooning bet on sugar sparks worries on bust

[I]  Govt plans to amend medical council Bill

[I]  Equity MF inflow slows in Sep

 

 

Best Regards, ARBIND

Macro Economic News 06 Oct 2016

 

FINANCIAL TIMES

[I]  World debt hits $152tn record, says IMF

[I]  Theresa May takes swipe at capitalist elite

[I]  May’s message: ‘A change is going to come’

[I]  EU eyes bankruptcy protection reform

[I]  IMF backs ECB in dispute with banks

[I]  Regulators clamp down on prepaid cards

[I]  Talk of ECB QE wind-down weighs on Bunds

[I]  Pound hits 5-year low against euro

 

BLOOMBERG 

[I]  Global Bonds Retreat as Stimulus Outlook Upended a Second Time

[I]  The IMF Is Worried About the World's $152 Trillion Debt Pile

[I]  Backlash to World Economic Order Clouds Outlook at IMF Talks

[I]  Global Banks Fight Back on Brexit, Warning $51 Billion at Stake

[I]  Southeast Asia Turns to the U.S. As China Exports Drop

[I]  Hong Kong's Hottest Short Trade Hangs on China's Property Market

[I]  U.S. Politics, Not RBA Policy, Set to Drive the Aussie Dollar

[I]  Hong Kong Financial Regulator Plans Specialist Probe Teams

[I]  500 Startups Doubles Down on Southeast Asia

 

BUSINESS LINE

[I]  RBI to be divested of debt management role in 2 years

[I]  IMF warns of global financial stability risks

[I]  India to formally submit to WTO its proposal for trade facilitation in services

[I]  Debt management office to gradually end RBI’s role

[I]  Services sector too slows down in September

[I]  India must open up, trade can’t be one-way: Singapore PM

[I]  Truck freight rates up 4-5%in September

 

ECONOMIC TIMES

[I]  Government to rope in Indian embassies to shore up investments

[I]  Soybean meal exports decline 65% year on year

[I]  India's service activity slows in September as PMI falls to 52

[I]  NHAI looks to award highway projects of Rs 1 lakh crore in FY'17

[I]  India will not welcome dumping of goods: Piyush Goyal

[I]  RBI to continue with easing; next cut in February: Analysts

[I]  View: Dr Urjit Patel is no 'chamcha' and rate cuts may well trigger a growth boom

 

BUSINESS STANDARD

[I]  Rental arms of realtors big draw for global investors

[I]  Durable majors see big jump in sales amid festive cheer

[I]  India Economic Summit to begin today

[I]  Railways to import crude oil directly

[I]  Cash deals cost 1.7% of GDP: Visa

[I]  India needs to learn from the mistakes of advanced economies: Jennifer Blanke

 

Best Regards, ARBIND

Macro Economic News 05 Oct 2016
 

FINANCIAL TIMES

[I]  IMF lowers growth forecast for US and other advanced economies

[I]  Italy makes 50-year bond debut

[I]  India industry welcomes interest rate cut

[I]  Supreme Court tackles insider trading law

[I]  Property investment in first fall since 2009

[I]  Australia toughens up on errant bankers

[I]  Gold miners under pressure

[I]  Euro and Bund yields jump on ECB talk

[I]  Money market reform triggers $1tn exodus

[I]  European banks left out in the cold

[I]  UK slips below France in global economy table

 

BLOOMBERG 

[I]  Korean Won Drops With Ringgit as ECB Seen Winding Down Stimulus

[I]  Investors Piling Into Junk Bonds Could Be Overlooking Warning Signs

[I]  Chinese Buyers Returning to Hong Kong Housing, Wheelock Says

[I]  Hong Kong Home Sales Rise to 15-Month High as Demand Improves

[I]  Iran, OPEC’s Big Winner, Agrees on Landmark Oil Contract

[I]  Pound Drops to Lowest Since 1985 as Angst Builds Over Brexit

[I]  U.S. and China Discuss Choking Off North Korea Energy Trade

[I]  Australia’s Lowe Shows He’s No ‘Inflation Nutter’ in Debut Call

[I]  The Idea of BOJ Foreign-Debt Buying Just Won't Go Away

 

BUSINESS LINE

[I]  RBI delivers the cut that cheers

[I]  Petrol, diesel price hiked

[I]  IMF retains GDP forecast of 7.6% for India in FY17

[I]  India, Singapore to speed up CECA review to boost bilateral trade

[I]  Mutual fund assets hit another high at Rs. 16.11-lakh crore

[I]  Spectrum auction: no bids for 700 MHz; Govt rakes in Rs. 60,969 crore on Day 3

[I]  Operating norms for small finance banks this week

[I]  Bankers’ thumbs-up for easing stressed assets structuring norms

[I]  21% increase in flights during winter schedule

 

ECONOMIC TIMES

[I]  Banks not so quick to pass on rate cut gains: Urjit Patel

[I]  Looming threat! Automation risks 69 per cent jobs in India, says World Bank

[I]  PM's life policies for poor a flop, but prospects bright after revised rules

[I]  Sebi to reduce the listing timeline after an IPO to four days from six days

[I]  Will tackle NPAs in a way there's no lack of credit: Urjit Patel

[I]  Sebi asks govt to appoint woman director on its board

[I]  Centre softens on bad loans, asks PSBs to handhold top borrowers

[I]  30% of very poor children live in India: Unicef

[I]  Policy Review: RBI cuts rates to 6-Year low

[I]  Urjit Patel takes a u-turn as Guv; 4% inflation target on paper?

[I]  Weak global demand will drag down trade volumes: RBI's Urjit Patel

 

BUSINESS STANDARD

[I]  Over 60% spectrum remains unsold

[I]  PE investments down 63% in September quarter

[I]  IT biggies expect weaker Sept quarter

[I]  Centre, states to review progress of UDAY

[I]  IMF revises India's growth to 7.6% for FY17 and FY18

[I]  Supply-use table for GDP data

[I]  'Win-win outcomes' for Singapore and India

[I]  Rate cut could save India Inc Rs 6,300 crore in interest outgo

 

Best Regards, ARBIND