MACRO ECONOMIC NEWS

Macro Economic News 23 Feb 2017

 

FINANCIAL TIMES

[I]  Largest ever group of habitable planets discovered

[I]  German bond yields fall on French election worries

[I]  Paris steps up efforts to lure banks from London

[I]  Brussels warns Italy to cut public debt by April

[I]  Sweden complains it is collecting too much tax

[I]  China launches fresh attack on shadow banking risk

[I]  China will navigate debt challenge and avoid financial shock

 

BLOOMBERG 

[I]  Fed Officials Not Losing Patience Fast Enough to Hike in March

[I]  Trump's China Trade Threat Looms Large Over Taiwan Economy

[I]  China's $9 Trillion Moral Hazard Is Now Too Big to Ignore

[I]  Many Fed Officials See Rate Hike ‘Fairly Soon,’ Minutes Show

[I]  London Real Estate Developer Just Dropped Its Land Values by 20%

[I]  Brexit to Hit Jobs, Wealth and Output for Years to Come, Economists Say

[I]  Bank of Korea Holds Interest Rate as Exports, Inflation Improve

[I]  Singapore Readies New Leveraged and Inverse ETFs to Catch Rivals

[I]  Is Modi on a Road to Nowhere in India's Most Populous State?

[I]  India Poised to Unlock $9 Billion for Investing in Roads, Power

[I]  Margin-Squeezed China Banks Poised to Pass on Higher Loan Costs

[I]  OPEC Waits for Proof Oil Cuts Are Doing Their Job

[I]  Oil Market Signal Turns Bullish for 1st Time Since Crash

 

BUSINESS LINE

[I]  Brace yourself for just a single-digit pay hike this year

[I]  Indian economy will rebound to 7.2% growth next fiscal: IMF

[I]  Scrappage scheme could spur commercial vehicle sales by 65% over three years: report

[I]  UK Supreme Court holds firm on income rule impacting Indian spouses

[I]  IMF sees India growth rebounding to 7.2%

[I]  Need to encourage leasing to boost SME growth, says World Bank official

[I]  Indian oil firms keen to bid for assets in Myanmar

[I]  Housing finance cos’ debt: MF cap raised to 15%

 

ECONOMIC TIMES

[I]  Cabinet gives nod to India-Poland agricultural accord

[I]  VC investments in India decline to $216 million in 2016: KPMG

[I]  Q3 '17 GDP estimate likely to be less than 6%: SBI report

[I]  India banking bailout cost "manageable" - IMF

[I]  GST adoption could raise India's GDP to over 8%: IMF

[I]  India's GDP projected to slow to 6.6% post-demonetisation, says IMF

[I]  India needs to create bad bank quickly: CEA Arvind Subramanian

[I]  I-T department to scrutinise loan deposits under Operation Clean Money

[I]  Monetary policy committee unanimously agrees to focus on 4% inflation target

[I]  Govt must review tax on cash deals over Rs 2 lakh: Assocham

[I]  Labour ministry notifies fixed–term employment for made up sector

[I]  Govt has no plan to reintroduce Rs 1000 notes: Economic Affairs Secy

 

BUSINESS STANDARD

[I]  India's $85-bn orders still not enough: SpiceJet

[I]  Microsoft logs on to Aadhaar to tap into social networking

[I]  IMF sees growth cooling to 6% in second half of FY17

[I]  Atmosphere of fear in universities is a threat to democracy: Amartya Sen

[I]  Industries to be shut for want of effluent treatment plants: SC

[I]  Bankers don't want a new NPA resolution plan

[I]  Economy to pick up in Q4 due to faster remonetisation: Urjit Patel

[I]  2017 to see greying of salaries across India

[I]  PAC summons four banks to find out big loan defaulters

 

MARKETS (7.45 am)

[I]  SGX NIFTY Fut: 8923;  USDINR DGCX: 66.9525;  DJIA Mini Fut: 20750;  FTSE 100 Fut: 7269;  NIKKEI 225 Fut: 19285;  EUR-USD: 1.0553; Crude Oil (WTI): 54.03;  Gold (Spot): 1236

 

Best Regards, ARBIND

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