MACRO ECONOMIC NEWS

Macro Economic News 21 Feb 2017

 

FINANCIAL TIMES

[I]  Japan scraps 24-hour culture to keep down wages

[I]  Eurogroup hails progress with IMF on Greek debt deal

[I]  Russian media fall out of love with Donald Trump

[I]  Famine declared in parts of South Sudan

[I]  Foreign buyers fire up S Korea commercial property

[I]  US rulings make it harder to uncover board wrongdoing

[I]  China to slash drug distribution groups

[I]  Emerging markets rally on overseas interest

[I]  Brazil poised for first ever coffee imports

 

BLOOMBERG 

[I]  Singapore Studying Tax Measures as Budget Pressures Increase

[I]  India Loosens Derivatives Limits, Widening Market for Foreigners

[I]  Singapore's Housing Curbs May Stay for Some Time, Minister Says

[I]  Russia Overtakes Saudi Arabia as World's Top Crude Oil Producer

[I]  Saudi Arabia Breaks Records on Oil Exports and Output for Year

[I]  Saudis Kick Off $50 Billion Renewable Energy Plan to Cut Oil Use

[I]  RBA Predicts Rising Resource Exports Will Spur Growth

[I]  Chinese Shadow Banking Wealth Products Exceed $3.8 Trillion

 

BUSINESS LINE

[I]  Commerce Minister, US lawmakers discuss H-1B restrictions

[I]  Domestic airlines carry 25% more passengers in Jan

[I]  Public sector bank chiefs raise concerns over GST at meeting with Jaitley

[I]  As FTA hangs fire, EU wants India to extend investment pacts

[I]  Renewables row: US blocks India at WTO on localisation issue

[I]  Banks will need to collaborate with fintech firms: SS Mundra

[I]  Freeing non-bank entities from licensing ‘may not be appropriate for payment industry’

 

ECONOMIC TIMES

[I]  ISRO chief says India can develop own space station

[I]  Lower production could push vegetables prices in coming months

[I]  India's wheat imports to slow after March on fumigation rule change

[I]  NITI Aayog finalising model law on contract farming

[I]  European Union asks India to extend by 6 months trade pact with EU nations

[I]  'Government may cross Rs 45.5K crore divestment target this fiscal'

[I]  GVA growth to decline by 70 bps to 6.2% in Q3: Icra

[I]  Might have to wait for Sunny days even as SBI Composite Index improves in February

[I]  Growth slowdown spilling over into January-March quarter: Nomura

[I]  Licensing for payment sector can't be tick-box exercise: RBI Deputy Governor R Gandhi

 

 

BUSINESS STANDARD

[I]  Steel firms lower prices as demand stagnates

[I]  Mind the impact of artificial intelligence on jobs, warns Satya Nadella

[I]  Wheat imports to lessen after March on fumigation rule change

[I]  India must take GST lessons from other nations: CFO survey

[I]  GDP growth to slow down to 6.5% in Q3: Icra

[I]  Trains to remote areas will soon gain steam

[I]  Further consolidation in PSU banks after improvement in NPA

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 8888;  USDINR DGCX: 66.9750;  DJIA Mini Fut: 20626;  FTSE 100 Fut: 7258;  NIKKEI 225 Fut: 19342;  EUR-USD: 1.0584; Crude Oil (WTI): 53.71;  Gold (Spot): 1235

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/