MACRO ECONOMIC NEWS

Macro Economic News 06 Mar 2017

 

FINANCIAL TIMES

[I]  Economists see Fed lifting rates 3 times in 2017

[I]  China overtakes eurozone as biggest bank system

[I]  Global output data undermine Trump rhetoric

[I]  China to boost defence spending by ‘about 7%’

[I]  China warns on hidden local government debt risks

[I]  New rules give Abe shot at being Japan PM until 2021

[I]  China targets around 6.5 per cent economic growth

[I]  Race to win Europe’s biggest steel plant heats up

 

BLOOMBERG 

[I]  North Korea Fires Multiple Missiles Which Fall in Waters Near Japan

[I]  Sydney Housing Worries May Mean RBA Will Hold Rates

[I]  Chinese Property Investors Could Exit U.S. as Asia Beckons

[I]  Libya's Biggest Oil Port Shut, Crude Output Cut on Clashes

[I]  Copper Set to Drop as China's Jiangxi Looks to Boost Output

[I]  Rich Asian Millennials Pool Family Fortunes to Build Venture Fund

[I]  China Considers Dialing Back Electric Car Quota After Opposition

[I]  China's Defense-Spending Confusion Highlights Strategic Worries

[I]  China Conveys Stability on Yuan Despite Hawkish Fed

[I]  Decade-Low Margins on Dollar Loans for Indian Firms Spurs Deals

[I]  China's $8 Trillion Bond Treasure Spurs Global Funds to Hire

 

BUSINESS LINE

[I]  Bumper crop does little to cheer pulses farmers

[I]  Absence of FIPPA curbing investments from Canada

[I]  Govt may save over Rs. 5,000 cr in LPG subsidy

[I]  Real estate sector on a consolidation mode

[I]  Focus on developing indigenous technologies, says Railway Minister

 

ECONOMIC TIMES

[I]  Don't have Aadhaar yet? Enrol by June 30 otherwise you may lose subsidy benefits

[I]  Government looking to sell 51 per cent stake in Dredging Corp

[I]  Relief for e-commerce companies, GST Council caps tax collected at source at 1%

[I]  Chit Fund industry calls for lower tax, treatment at par with NBFC

[I]  Govt examining expert panel report on audit firms

[I]  Quasi-judicial body likely to curb profiteering post GST

[I]  India may face weak monsoon under El Nino effect: Nomura

[I]  Aadhaar data base fully safe and secure, says UIDAI

[I]  NPAs at record high: PAC for naming and shaming defaulters

[I]  Telecom Commission worried over sector's health; cautions about loan defaults

[I]  PIL not a weapon to challenge financial decisions: RBI to Delhi High Court

[I]  Centre to hike dearness allowance by 2% from January 1

 

BUSINESS STANDARD

[I]  Banks want RBI to relax debt recast guidelines

[I]  Fiscal deficit worry for states

[I]  Govt gives nod to outright sale of 3 SAIL special steel plants

[I]  Can't reveal if Arun Jaitley was consulted before notes ban: FinMin

[I]  Crop insurance grows in value for state-owned insurers

[I]  GST demand can be paid in instalments

[I]  No data breach, Aadhaar transfer saved Rs 50,000 cr: UIDAI

 

MARKETS (7.15 am)

[I]  SGX NIFTY Fut: 8935;  USDINR DGCX: 66.8625;  DJIA Mini Fut: 20927;  FTSE 100 Fut: 7342;  NIKKEI 225 Fut: 19379;  EUR-USD: 1.0608; Crude Oil (WTI): 53.13;  Gold (Spot): 1233

 

Best Regards, ARBIND

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