Macro Economic News 26 Nov 2016

 

FINANCIAL TIMES

[I]  Black Friday online sales set to hit $3bn record

[I]  Modi defends cash move amid India backlash

[I]  India’s supreme court bans firecrackers to combat pollution

[I]  Japan’s weak yen offers hope in war on deflation

[I]  China slams US military build-up in Asia

[I]  Mystery over seized Singapore army vehicles in HK

[I]  More than $5.1bn flows into US stock funds

 

BLOOMBERG 

[I]  Brexit May Take Decade So Give the Pound a Rest, Investors Say

[I]  Saudis Said to Quit Russia Talks as OPEC Deal No Closer

[I]  London Home Values Surpass 14 Times Earnings for First Time

[I]  China Cancels Mongolia Talks Indefinitely After Dalai Lama Visit

[I]  Singapore to Give Loans to Help Struggling Oil-Linked Companies

[I]  The Bank of Japan Can't Keep Stores From Cutting Prices

[I]  China About to Start $35 Billion of Silk Road Plan in Pakistan

[I]  India To Get Information On Swiss Bank Accounts From 2019

 

BUSINESS LINE

[I]  As businesses go cashless, digital players vie for market pie

[I]  Rabi sowing improves, but not uniformly

[I]  SEBI plans one resource person per district for investor education

[I]  Telecom sector speed-dials Delhi for hires: survey

[I]  Losing Rs. 100 cr a day, poultry sector cries ‘foul’

[I]  Flush with deposits, banks lend to RBI under reverse repo, invest in G-Secs

[I]  Overflowing currency chests, a huge burden for banks: trade union leader

[I]  For big steps in internet security, scientists turn to quantum physics

 

ECONOMIC TIMES

[I]  RBI allows oil bonds as collateral for liquidity operations

[I]  West Bengal CII urges corporates to work for inclusive growth of the state

[I]  Exports to see steady growth, exceed last year's figure: Nirmala Sitharaman

[I]  Roads ministry approves use of mobile wallets for toll collection

[I]  Liquidity issues to stay for three months: Arvind Panagariya

[I]  Ensure 100% cashless dealings within 15 days deadline: Ram Vilas Paswan

[I]  No proposal to restrict gold holding by individuals

[I]  Ultra low interest rate may spark overseas capital flight

[I]  Govt to launch campaign to open workers' bank a/cs tomorrow

[I]  Government has no plan to revise corporate governance norms: Arjun Ram Meghwal

[I]  NITI Aayog to identify all possible modes of digital payment across all sectors

 

BUSINESS STANDARD

[I]  Smartphone shipments may shrink 18% in Oct-Dec

[I]  Demonetisation: Unaccounted deposits to attract 50% tax

[I]  Rabi sowing: Acreage more than 2015, but sowing pace slows further

[I]  Central ministries, depts draw plans to go cashless after Modi's directive

[I]  RBI wades into currency pool, and swims rupee to safety

[I]  Pak stops permits for agri import from India

[I]  China gold premiums hit 3-year high on possible import ban

 

 

Best Regards, ARBIND

Macro Economic News 25 Nov 2016

 

FINANCIAL TIMES

[I]  China recalls all passports in Xinjiang province

[I]  Iceland’s dispute over UK grocer’s name heats up

[I]  Bond fund managers help limit post-election losses

[I]  Israel blames ‘arsonist terrorism’ for wildfires

[I]  UK workers face worst decade for pay in 70 years

[I]  Trump poses threat to Europe’s markets, ECB warns

[I]  Geopolitical role of trade deals is overdramatised

[I]  Turkey ups rates amid emerging market pressure

[I]  Brussels suspends EU membership talks with Turkey

[I]  South Korea scandal spreads with raids on ‘chaebol’

[I]  Berlin and Paris at odds over EU banking rules

[I]  Fannie and Freddie at risk of large writedowns

[I]  Emerging markets politics cloud investor outlook

 

BLOOMBERG 

[I]  Nigeria’s Money-Changers Are Going Underground

[I]  In Asia Currency-Reserve Checkup, Two Countries Come Out on Top

[I]  Philippine Market in a Funk as Peso Slides to 2008 Crisis Level

[I]  Japan’s CPI Falls Again, Extending Longest Streak Since 2011

[I]  Rupee Sinks to Record as Foreign Funds Dump Indian Assets on Fed

[I]  London Property Prices Falling Faster Than You Think, NAMA Warns

[I]  Singapore Braces for Globalization Backlash as Trade Fears Grow

[I]  The Bank of Japan Can't Keep Stores From Cutting Prices

[I]  Raising Wages in Japan Is Making Part-Timers Work Less

[I]  Singapore Third-Quarter GDP Shrinks Less Than Government Estimated

 

BUSINESS LINE

[I]  As credit flow slows, farmers fear losses this rabi season

[I]  I-T law may be amended to formalise penalty

[I]  Window shut on currency swap; old Rs. 500 notes can be used till Dec 15

[I]  CA institute recommends joint audits for large companies

[I]  Jaitley to bank chiefs: push digital banking on mission mode

[I]  Safeguard duty imposed on select steel products

 

ECONOMIC TIMES

[I]  NHAI requires Rs 71,911 crore for highway projects

[I]  Note ban to stop black money, benefit all: Govt to SC

[I]  No, EM bonds are still not cheap enough

[I]  Yield on 10-year bonds continue to ease amid rate cut hopes

[I]  ​Most firms spend 70% CSR fund on education: Nasscom Foundation

[I]  Private equity investments down 23% to $10 billion in January-October: Grant Thornton

[I]  Finance Ministry, Railways working on ways to cut logistics cost for exports

[I]  India second unequal country in the world: Wealth Report

[I]  Chief Financial Officers optimism running high on business environment: Report

[I]  Demonetisation to significantly disrupt economic activity: Moody's

[I]  Govt issues 18 lakh Labour Identification Numbers

 

BUSINESS STANDARD

[I]  Unaccounted bank deposits to attract 60% income tax

[I]  Rupee touches record low as dollar flow dries up

[I]  End of season sales may start early this year

[I]  Pass new law or amend RBI Act to enjoy fruits of currency swap

[I]  Note ban creates ripples in global bullion market

[I]  Modi's demonetisation stunner to cost Rs 1.28 lakh cr: CMIE

[I]  Economists say external and internal factors to blame for rupee fall

 

 

Best Regards, ARBIND

Macro Economic News 24 Nov 2016

 

FINANCIAL TIMES

[I]  US Treasuries sell-off continues on inflation fear

[I]  Merkel starts re-election bid as Trump counterpoint

[I]  US Fed moves closer to raising interest rates

[I]  Chinese cash inflating HK land prices, tycoon warns

[I]  US lifts biofuel mandate in blow to oil companies

[I]  Ireland keeps most mortgage restrictions in place

[I]  Egypt imposes travel bans on human rights activists

[I]  Rupee clean-up will hardly purify Indian politics

[I]  Eurozone economic activity hits highest level this year

[I]  S Korea and Japan in pact to counter N Korea threat

[I]  China policy on agricultural reserves a ‘wild card’

[I]  Social enterprise - the fledgling fourth sector

[I]  Changing mental models in an uncontrollable world

 

BLOOMBERG 

[I]  Brazil Real Falls After Central Bank Cuts Support, Stocks Gain

[I]  Rand Forecasts Haven’t Been This Scattered Since at Least 2006

[I]  Dollar Rises to Decade High on Fed Bets as Bonds Slip With Gold

[I]  Lira Plunge Triggers Bets Turkey to Reverse Course on Rates

[I]  Chinese Billionaire Says Trump Unlikely to Start Trade War With China

[I]  China Moves to Fill World Leadership Void as Trump Era Dawns

[I]  Singapore Third-Quarter GDP Shrinks Less Than Government Estimated

[I]  OPEC’s Latest Headache: Russian Reluctance to Cut Oil Production

[I]  Consumer Sentiment in U.S. Jumps After Trump Election Victory

[I]  Trump’s Crackdown: The Future of U.S. Immigration

[I]  OPEC Failed to Agree on Iraq, Iran Cuts

[I]  China City With Economic Woes Pitches Revival to Bond Buyers

[I]  Malaysia Holds Rates as Currency Tumbles

 

BUSINESS LINE

[I]  Growth may take a hit in the current quarter: Nirmala Sitharaman

[I]  SEBI eases norms for investing in angel funds

[I]  Cabinet nod for protocol amending double tax pact with New Zealand

[I]  3 insolvency regulations issued

[I]  Govt mulls allowing private cars to share rides

[I]  Free Software Movement of India calls for withdrawal of social media gag order

[I]  SEBI’s start-up boost: allows 200 investors in a scheme

[I]  Demonetisation : Farm sector hit hard

 

ECONOMIC TIMES

[I]  Sebi tightens promoter-investor profit sharing rules

[I]  P-Notes investments fall to 30-month low at Rs 2 lakh crore in Oct

[I]  RBI intervention brakes rupee near record low amid $2.7 billion in outflows

[I]  Road to a cashless India: The gap’s huge between digital and money

[I]  Marginal rise in professional tax collection in 2015-16

[I]  No new FTA signed in last three years: Nirmala Sitharaman

[I]  RFID chips must for all new vehicles

[I]  GST Council meet postponed to December 2-3

[I]  Introduce DBT in power distribution sector: Niti Aayog

[I]  Insolvency and Bankruptcy Board notifies regulations

 

BUSINESS STANDARD

[I]  Rupee nearing its weakest level

[I]  Banks' surplus cash drives up bond prices

[I]  Start-ups gear up to raise fresh funds under liberalised ECB regime

[I]  Maharashtra most preferred hiring destination: Survey

[I]  Central banker missing in action as India escalates war on cash

[I]  Currency in circulation dips 20% in week ended Nov 18

[I]  Jan Dhan accounts see spurt in money flow after demonetisation

[I]  Debit card charges dropped, farmers to get easier cash access

 

 

Best Regards, ARBIND

Macro Economic News 23 Nov 2016

 

FINANCIAL TIMES

[I]  Freewheeling Trump creates friction on both sides

[I]  AI academic warns on brain drain to tech groups

[I]  North Pole temperature rise increases climate fears

[I]  China takes UN peacekeeping lead as US role wanes

[I]  Trump’s transition is tangled up in business ties

[I]  Brexit Britain faces threat of higher EU barriers

[I]  Cyprus reunification talks hit a roadblock

[I]  Retailers look to artificial intelligence to bag sales

[I]  Trump vows to renounce Pacific trade deal on first day in office

 

BLOOMBERG 

[I]  Plunging Lira Triggers Bets Turkey Will Reverse Course on Rates

[I]  Asia’s Worst Currency Slump Takes Malaysian Rate Cut Off Table

[I]  Washington Won't Have Last Word on Climate Change

[I]  Thai Junta Flip-Flop on Populism Too Late for Suffering Farmers

[I]  Economics Will Keep Wind and Solar Energy Thriving Under Trump

[I]  Macau Snaps 2-Year Economic Contraction Amid Gaming Revenue Recovery

[I]  IMF’s Lipton Says China Should Make Exchange Rate More Flexible

 

BUSINESS LINE

[I]  Pluses from demonetisation not enough to shore up banks: Fitch

[I]  RBI directs banks to ensure cash to district coop banks, RRBs

[I]  Crop yields in India lower than in US, Europe, China: Minister

[I]  EEPC report calls for more trade pacts with Latin America

[I]  Pact with Switzerland on info exchange

[I]  A big blow for troubled realty sector

[I]  SEBI board meets today to discuss corporate governance

[I]  Local service providers, shopkeepers go for the ‘swipe’ to keep the business running

 

ECONOMIC TIMES

[I]  India sees biggest foreign fund outflow among emerging markets after Trump election

[I]  Domestic stocks see sharpest drop in inflow from UK investors since Brexit

[I]  Gold business down 75% despite fall in prices

[I]  Companies adopting initiatives to promote healthy workplace

[I]  CSR: 4,195 companies spend nothing; show cause notices to 496 firms

[I]  Banks' retail focus boosts share of personal loans to 19% in June: RBI

[I]  Indian wealth falls 0.8% to USD 3 trn in 2016: Credit Suisse

[I]  Demonetisation to pull down GDP growth: Montek Singh Ahluwalia

[I]  RBI doubles Prepaid Payment Instruments limit to Rs 20,000

[I]  Without new steps demonetisation unlikely to be beneficial, says a leading global economist

[I]  More relaxations for farmers on anvil: FM Jaitley

[I]  Japan on mission mode to expand its economic presence in India

 

BUSINESS STANDARD

[I]  About 80 items likely on GST exemption list

[I]  FMCG sales growth declines further in September quarter

[I]  India's PC shipments for Q3 see 22.5% YoY drop

[I]  Currency purge beginning of long battle against black money: PM

[I]  Maintain adequate cash to support rabi crops: RBI to banks

[I]  Agriculture minister says sowing not hit by note ban

[I]  Further demonetisation relaxation likely for farm sector, weddings

[I]  Banks park a record Rs 4.32 lakh crore with RBI

[I]  Climate Policy Initiative reveals green financing tools for India

 

 

Best Regards, ARBIND