MACRO ECONOMIC NEWS

Macro Economic News 24 Feb 2017

 

FINANCIAL TIMES

[I]  US retreats from Trump pledge on China currency

[I]  Electric carmakers on alert as funds hoard cobalt

[I]  Chinese province’s GDP hints at past exaggeration

[I]  Germany’s budget surplus hits record high

[I]  Japan’s Abe hit by scandal over cut-price land deal

[I]  Brussels and ECB split on Monte dei Paschi plans

[I]  Community banks plead to be freed from web of rules

[I]  M&A raises concerns over market peak

[I]  China regulatory crackdown turns to private placements

 

BLOOMBERG 

[I]  North Korea Says China 'Dancing to U.S. Tune' in Rare Spat

[I]  Australia Is the World's Second-Best Equity Market Since 1900

[I]  Caution Prevails for Asia Stocks Amid Metals Slump: Markets Wrap

[I]  Saudi Arabia's Oil Wealth Is About to Get a Reality Check

[I]  Social Media Are Driving Americans Insane

[I]  Landlords Are Taking Over the U.S. Housing Market

[I]  Worst Not Over for Singapore Property, Billionaire Kwek Says

[I]  ECB Warns of a Europe of `Small Countries' If Populism Triumphs

[I]  Faster Than Expected Fed Rate Hikes Could Cost Australian Banks

[I]  Drugmakers Soar As China Boosts Medicine Insurance Coverage

 

BUSINESS LINE

[I]  Why mutual funds rarely vote against the management

[I]  PM seeks weekly monitoring on ease of doing business

[I]  Govt cuts down 56 labour registers to 5 common ones

[I]  SEBI’s articulated dividend policy sets the tone for more payouts: IiAS

[I]  Buyback: After TCS, other IT companies could follow suit

[I]  Pepper output projected to stay below domestic demand

[I]  SEA sees India edible oil output rising to 7 m tonnes in 2016-17

[I]  Rubber production may touch 6.5 lakh tonnes in current fiscal

 

ECONOMIC TIMES

[I]  Nifty CEOs earn 237 times more than their staff's median salary

[I]  India's rubber imports drop 39% YoY in Jan as prices rally

[I]  High demand may curb fall in chilli prices

[I]  Asian currencies firmer as dollar drifts after Fed minutes

[I]  7th tranche of Sovereign Gold Bonds opens on Feb 27

[I]  Brexit could help India-EU FTA: Report

[I]  India to be fastest growing economy among G-20 nations: Moody's

[I]  India submits proposal on trade pact in services to WTO: Nirmala Sitharaman

[I]  CJI asks Finance Ministry to give details on major tax cases

[I]  Energy efficiency need of hour, says Niti Aayog

[I]  Tax department to scan companies with sudden rise in cash sales during note ban period

[I]  Rs 10,290 crore health budget boost hides key funding cuts

[I]  Tackling pollution, investing in renewables will help India's economy: UNEP chief Erik Solheim

 

BUSINESS STANDARD

[I]  Govt takes a big leap in tax administration

[I]  M&A deals worth $56.2 bn in 2016, says EY report

[I]  Demonetisation may pull down Q3 GDP growth below 6%

[I]  Lack of pricing freedom leaves industry jittery on commercial coal mining

[I]  Solvency position of PSBs worsens

[I]  Coffee exports up on global price recovery

[I]  RBI now concerned about state finances

[I]  Wind association asks players not to bid too low

[I]  Fundraising via preferential route down 21%

[I]  PC sales decline 15% in 2016, says IDC

[I]  Rising global trade protectionism may dent success of landmark WTO deal

 

MARKETS (9.00 am)

[I]  SGX NIFTY Fut: 8956;  USDINR DGCX: 66.9175;  DJIA Mini Fut: 20780;  FTSE 100 Fut: 7252;  NIKKEI 225 Fut: 19340;  EUR-USD: 1.0580; Crude Oil (WTI): 54.36;  Gold (Spot): 1250

 

Best Regards, ARBIND

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