Macro Economic News 22 Oct 2016
 

FINANCIAL TIMES

[I]  Canada-EU trade accord teeters on verge of collapse

[I]  EU summit ends with May warned of rough road ahead

[I]  Beijing-Manila thaw heralds economic embrace

[I]  German print threat to Zimbabwe surrogate currency

[I]  Brazil faces budget disaster, says speaker

[I]  German parents win compensation over childcare

[I]  Prepare for the US post-election natural-gas war

[I]  Euro hits 7-month low against the dollar

 

BLOOMBERG 

[I]  Brazil Real Joins Emerging-Market Slide as Traders Look to Fed

[I]  Australia Discovers the Cost of Blocking China

[I]  New Zimbabwe Notes Stir Memory of 500,000,000,000% Inflation

[I]  Trump Plans to Lay Out a Vision for First 100 Days as President

[I]  The Possible Vendetta Behind the U.S. East Coast Web Slowdown

[I]  Hong Kong Cleans Up After Typhoon Haima Shuts Trading, Schools

 

BUSINESS LINE

[I]  Coming soon to your wallet: Rs. 2,000 notes

[I]  Stage set for banks to settle NPA cases: Jaitley

[I]  Airlines, IATA oppose levy of tax on fliers from major cities to fund scheme

[I]  Internet giants turning one-stop platforms to beat app economy

[I]  World Bank may invest $1 b on Eastern Corridor

[I]  India’s steel output up 6% in Jan-Sept; global production declines

[I]  Manufacturing growth to remain flat in coming months: SBI Index

 

ECONOMIC TIMES

[I]  Rise in dollar index makes investors in EM equities jittery

[I]  Yuan weakens beyond year-end estimates as PBOC lowers fixing

[I]  RBI may infuse Rs 55,000 cr via OMO in H2 FY17: Ind Ra

[I]  Forex reserves dip by $1.5 billion to $366.13 billion

[I]  Mumbai among 15 global cities in terms of total wealth held: Report

[I]  All ration shops to turn into business correspondents

[I]  Government to revive strategic stake sale in PSUs

[I]  Debit card breach puts a big question mark on PM Modi's quest to go cashless

[I]  Survey companies hit the streets to fill India's data gaps

[I]  Govt to soon come out with comprehensive capital goods policy

 

BUSINESS STANDARD

[I]  NPA recovery hit by flaws in anti-corruption Act: Jaitley

[I]  Need to revive arbitral centres to win investor confidence: FM

[I]  Centre to bring new model APMC Act to exclude contract farming by 2017

[I]  After post offices, Centre now plans to sell pulses through khadi bhandar outlets

[I]  UDAN ready for take-off amid turbulence fears

[I]  PMO lens on debit card security breach probe

 

Best Regards, ARBIND

Macro Economic News 21 Oct 2016
 

FINANCIAL TIMES

[I]  SEC preparing large-scale ETF review

[I]  Hollande warns May to expect tough Brexit talks

[I]  Draghi signals ECB has six weeks to revamp QE

[I]  Foreigners shunned in ‘all Australian’ grid sale

[I]  EU trio presses for more sanctions against Russia

[I]  Oil producers optimistic that the slump is over

[I]  US earnings boost hopes of profit recession ending

 

BLOOMBERG 

[I]  Treasury Yield Curve Flattens as Draghi Downplays Altering QE

[I]  The World’s Biggest Oil Kingdom Reverses Course

[I]  Germany Said to Shut Door on Brexit Back Channels in Blow to May

[I]  Inflation Outlook Rises Everywhere But Japan

[I]  Luxury Market Stagnates as Wealthy Chinese Shoppers Stay at Home

[I]  China Capital Flow Crackdown Results in $148 Billion Bust

[I]  China Steel Mills Defy Global Calls for Cuts as Output Rises

[I]  China’s Biggest Coal Miner Digs On as National Output Slips

 

BUSINESS LINE

[I]  Foreign VCs can now invest in unlisted firms sans RBI nod

[I]  Coking coal price on fire as supply fizzles out

[I]  India opposes negotiations on global value-chain at WTO

[I]  India to US: Will not tighten IPR rules beyond TRIPS mandate

[I]  Centre to review steps taken by States, Union Territories to reform mandis

[I]  Banks claim their systems are robust, can deter cyber attack

 

ECONOMIC TIMES

[I]  Jobless Indians in Saudi to start returning: MEA

[I]  Cashew exports fall 25 per cent in six months

[I]  Jewellers see festive demand rising 10-20% this year

[I]  Reserve Bank to infuse Rs 10,000 crore via OMO

[I]  More than 50% of onion procured by centre and state govt rots in warehouses

[I]  Sugar mills likely to default on debt worth Rs 11,000 crore

[I]  Open up e-commerce, food industries for FDI: US to India

[I]  India, US explore ways to promote trade, investment

[I]  RBI allows 100% FDI in regulated financial services

[I]  RBI liberalises rules to boost foreign investment

[I]  India central bank allows banks to approve extension of offshore company's debt

[I]  Subdued industrial production may restrain overall growth: D&B

 

BUSINESS STANDARD

[I]  Single-brand retail trade: US asks India to relax local sourcing norms

[I]  6th gold bond tranche at discount, less interest

[I]  Pulses, metals, fuel may play spoilsport in cooling CPI inflation

[I]  Govt weighs in cut in sugar import duty

 

 

Best Regards, ARBIND

Macro Economic News 20 Oct 2016
 

FINANCIAL TIMES

[I]  UN warns of refugee ‘wave’ fleeing Mosul

[I]  First Saudi bond sale raises $17.5bn in EM record

[I]  VC funding drops for European technology start-ups

[I]  EU steps up efforts to settle Canada trade deal

[I]  Germany unveils plan to pay for nuclear clean-up

[I]  Russia central bank chief takes on ‘banditry’

[I]  Property risks loom over China’s economy

[I]  China GDP on target with 6.7% growth

 

BLOOMBERG 

[I]  China Growing at 6.7% Opens Window to Deliver Debt-Curb Vow

[I]  Saudi Arabia Raises $17.5 Billion in Record Sovereign Bond Sale

[I]  Move Over Sydney, There's a Hotter Property Market in the Southern Hemisphere

[I]  Foreigners Piling Into Hong Kong Homes Help Drive Price Rebound

[I]  Why a Crisis in Asian Waters Could Explode Into Armed Conflict

[I]  China Busts Underground Banks Involving More Than $148 Billion

[I]  China's Cooling Property Measures May Cause Buyer Stampede

[I]  25 Trillion Reasons to Worry About China Debt

 

BUSINESS LINE

[I]  GST talks stumble on cess, administrative control issue

[I]  IIM-Calcutta to incubate 100 start-ups by 2020

[I]  Coming soon, web @ddresses, e-mail ids in Indian languages!

[I]  Low tangle in Bay may lead rains to Myanmar, cause depression

[I]  Domestic air passenger traffic soars 23.4% in September

[I]  CBEC asks field offices to clear all pending cases before GST roll out

[I]  India still has impediments to FDI in some retail, finance areas, rues USTR

 

ECONOMIC TIMES

[I]  CBDT issues final rules for taxing share buyback by cos

[I]  Niti aayog drawing up blueprint for reforms in the farming sector

[I]  GST: Centre, states put off decision on rate to next month

[I]  3G, 4G, now 5G: India takes early call

[I]  Automakers hope GST will maintain status quo on prices

[I]  500 central schemes to go DBT way next fiscal year

 

BUSINESS STANDARD

[I]  GST Council meet ends without decision on rates

[I]  Realty investors opt for hard assets

[I]  India Inc to lobby against imposition of cess

[I]  Centre to set-up Krishi Vigyan Kendra in all districts

[I]  Now, Centre to pick consultant to develop river freight service

[I]  MF body suggests tax sops for debt schemes

 

 

 

Best Regards, ARBIND

Macro Economic News 19 Oct 2016

 

FINANCIAL TIMES

[I]  Regulator to clamp down on bank league tables

[I]  Egyptians feel pain in push for IMF loan

[I]  Australia defends moves to block Chinese bids

[I]  Crunch looms on QE as European Central Bank meets

[I]  Hard Brexit means hard work for liberal Leavers

[I]  Oil groups ‘threatened’ by electric cars

[I]  Banks use blockchain for mortgage service

[I]  Investor cash holdings rise to near 15-year highs

[I]  Saudi Arabia takes orders for bond sale

[I]  US credit cycle risks nasty end

 

BLOOMBERG 

[I]  A $56 Billion Pile of Cash Seeks Home as Distressed Debt Shrinks

[I]  Global Money Is Fleeing Japan Stocks at Fastest Pace Since 1987

[I]  Abe’s Nuclear Japan Goals Face More Ballot-Box Battles in 2017

[I]  Americans Work 25% More Than Europeans, Study Finds

[I]  Consumer Prices in U.S. Rise at Fastest Pace in Five Months

[I]  China Credit Surge Fuels Economic Stabilization, Debt Concerns

[I]  China Holdings of U.S. Treasuries Drop to Almost Four-Year Low

[I]  Top Fund Is Cautious on China Property Stocks Amid Cooling Steps

 

BUSINESS LINE

[I]  Centre proposes four-tier structure under GST with two standard rates

[I]  Swachh Bharat Kosh gets tepid response from corporates

[I]  India, Pakistan, Philippines must speed up rural transformation to reduce poverty: report

[I]  CBDT issues final rules for taxing share-buyback

[I]  Buzz building in Bay of Bengal, but North-East monsoon is still away

[I]  World apparel trade: India is in a sweet spot, says CARE

 

ECONOMIC TIMES

[I]  Exports hit by domestic issues, not global slump: HSBC report

[I]  Draft bill on resolution of financial firms credit positive: Moody's

[I]  India Inc's Janyary-September M&A tally at $28 billion: Grant Thornton

[I]  Niti aayog to host global arbitration meet from October 21

[I]  Intelligence agencies warn government of Bitcoin misuse

[I]  Niti Aayog moots independent regulators for steel,mines sector

[I]  Cabinet may clear stake sale in 20 PSUs on Wednesday

 

BUSINESS STANDARD

[I]  As EU tightens norms, marine exporters hunt for new markets

[I]  Government to push tie-ups for small energy fields

[I]  Mid-year economic review may soon be history

[I]  Inflation to soften on good rains, economic revival visible: MPC

[I]  Sebi blow for MF distribution biz

 

 

Best Regards, ARBIND