MACRO ECONOMIC NEWS

Macro Economic News 10 May 2017

 

FINANCIAL TIMES

[I]  Trump’s tax plan tries to take away the drinks tray

[I]  Moon Jae-in offers Koreans stability after turmoil

[I]  Flawed Macron hack provides lessons for both sides

[I]  Sub-Saharan Africa grows at modest 2.5%

[I]  Unions move quickly to resist Macron labour reforms

[I]  Australian banks face A$6bn balance sheet tax

[I]  British passport applications from EU up by a third

[I]  US says it warned France of Russian cyber attacks

[I]  Greek bonds power through post-bailout records

[I]  China investment brightens Pakistan’s future

[I]  When bonds track more than their economies

 

BLOOMBERG 

[I]  Egyptians Can Splurge Overseas Again as Banks Ease Card Curbs

[I]  Mexican Fuel Importers Weigh Risk After Thefts Trigger Bloodbath  

[I]  Markets Are Doing Nothing, and Investors Have Nowhere to Hide

[I]  Brexit Britain Leaves Firms Struggling to Find the Right Workers

[I]  China's Silk Road Forum Sets Tone for Globalization 2.0

[I]  South Korea Needs a United Front With the U.S.

[I]  Think China Home Prices Can't Topple? Think Again

[I]  China's Factory to World Catches a Break

[I]  Moody's Calls Australia's Fiscal Strength 'Very High'

[I]  Australia Presses Ahead With Nation-Building Program

[I]  Australia Boosts Housing Regulations Amid Property Bubble Fears

[I]  RBNZ Will Need More Convincing as Case for Higher Rates Mounts

 

BUSINESS LINE

[I]  Good monsoon to yield record foodgrains harvest in 2016-17

[I]  ‘New Australian visa regime will not hit Indian IT sector’

[I]  Updated IIP series seen giving factory growth a boost

[I]  In jobs push, PM prioritises solar gear manufacture, drives ethanol blending

[I]  BS-III norms: Construction gear industry breathes easy

[I]  Medical implants continue to burn a hole in patients’ pockets

[I]  New packaged food labelling norms for more transparency on salt, sugar & fat content

[I]  Weak show continues, but airline eyes regional routes

[I]  Next round of bidding under UDAN scheme likely in three months, says Jayant Sinha

[I]  Passenger vehicle sales on fast-track in April, but CV sales plunge on BS-III ban effect

 

ECONOMIC TIMES

[I]  Here's why many are afraid of RBI's involvement in bad loan mess

[I]  Wheat output to be all-time high at 97.44 mn tonne in 2016-17

[I]  US companies continue to bet big on India: USIBC

[I]  India's record jet fuel exports set to fall as air travel soars

[I]  NPA ordinance credit positive, but more steps needed: Moody's

[I]  India to grow at 7.7 per cent in 2018-19: IMF

[I]  RBI extends BBPS deadline by seven months

[I]  Housing for 4.5 crore labourers' families by 2022: Bandaru Dattatreya

[I]  Government sets up a high-level task force to compute timely data on employment

[I]  GST enrolment to restart in a few weeks: FinMin

[I]  India finding it hard to end love affair with cash

 

BUSINESS STANDARD

[I]  States will have to offer cheap power to attract investment: Piyush Goyal

[I]  Strong rupee shouldn't be seen only as a deterrent for exports: Sitharaman

[I]  More job cuts likely in IT sector; Wipro, Infosys tighten appraisal process

[I]  Cars, two wheelers drive automobile growth to 7%

[I]  Arun Jaitley hits at incentives for local manufacturing in defence

[I]  No plan to tax agri income; rich farmer very rare, says Arun Jaitley

[I]  Govt sets up task force to look into jobs data discrepancies

[I]  PM Modi to take call on Universal Basic Income in J&K

[I]  PE investors seek exemptions for start-ups' overseas holding companies

 

MARKETS (7:20 am)

[I]  SGX NIFTY Fut: 9368;  USDINR DGCX: 64.7950;  DJIA Mini Fut: 20870;  FTSE 100 Fut: 7290;  NIKKEI 225 Fut: 19930;  EUR-USD: 1.0894; Crude Oil (WTI): 46.19;  Gold (Spot): 1222

 

Best Regards, ARBIND

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