MACRO ECONOMIC NEWS

Macro Economic News 16 May 2017

 

FINANCIAL TIMES

[I]  Hackers prime second classified US cyber weapon

[I]  Macron names centre-right MP as prime minister

[I]  Kenya leader urges rebalance of China-Africa trade

[I]  Russia and Saudi Arabia back extending oil output cuts

[I]  Trump likely to keep Iran sanctions relief

[I]  Trouble in store for Trump as shop closures rise

[I]  Australia’s big lenders urge banking levy delay

[I]  North Korea claims long-range missile success

[I]  China growth headed lower as commodity rout hits

[I]  Merkel threatens to pull German troops out of Turkey

[I]  Election exposes Iran’s deep divisions

[I]  Appetite for Greek debt faces test

 

BLOOMBERG 

[I]  Oil Holds Advance as Saudis, Russia Favor Output Cut Extension

[I]  The Australian Dollar's Outlook Darkens

[I]  New Wave of Ransom Threats Seen in Unprecedented Attack

[I]  Brace for Chaos If U.S. Expands Airline Laptop Ban

[I]  Trump Doctrine Confounds G-7 as Ministers Kick Can to Sicily

[I]  Cyberattack Is Blunted as Governments, Companies Gain Upper Hand

[I]  Hedge Funds Are Dumping Gold Bets at Fastest Rate Since 2008

[I]  New Zealand Housing Market Most at Risk of Bust, Goldman Says

[I]  Red Hot Emerging-Market Stocks Are Showing Signs of Overheating

[I]  Singapore's Property Comeback Fueled by Land-Hungry Developers

[I]  Australia Backs China's Belt and Road Initiative

[I]  The Economic Time Bombs Facing President Macron

[I]  Where Cows Outnumber People, Asian Buyers Seen Hunting Beef M&A

[I]  Dollar Starts Week Defensive as Euro, Canadian Dollar Advance

 

BUSINESS LINE

[I]  WannaCry has hit lakhs of systems in India: Kaspersky

[I]  CBEC gets a makeover ahead of GST rollout

[I]  Arms production tie-up policy gets shape

[I]  Pharma companies face spurt in regulatory issues from US health regulator

[I]  Anti-dumping duty on float glass from Iran

[I]  Exports rise 20% in April, but trade deficit zooms

[I]  Government may set up an export council for renewable energy gear

[I]  Mutual funds’ assets under management cross Rs. 19-lakh crore

[I]  Cyber experts scramble to counter the virus impact

[I]  China, Russia accumulated gold post 2008 crisis

 

ECONOMIC TIMES

[I]  Double whammy of automation, lack of skills portray bleak future for sacked IT staff

[I]  Jobs, institutional reforms top Modi govt's priority

[I]  By 2050, every 5th person in India will be 60+

[I]  Firms must disclose securities deals above Rs 10 lakh by May 31: Govt

[I]  Demonetisation led to decline in silver bar demand: survey

[I]  Opec is staring down a double-barrel output cut

[I]  Oil rises above $52 as Saudis and Russia back longer supply cut

[I]  Saudi Arabia, Russia agree oil output cuts until March 2018

[I]  Telcos coming up with FMCG like targeted group based plans

[I]  Trade deficit at 29-month high as gold imports rise

[I]  Ficci urges government to clamp down on rising contraband trade

[I]  India's services export up 3.4% to over $160 bn in FY17

[I]  Gold imports surge 3-fold to $3.85 billion in April

[I]  Per capita income of Delhi expected to be 3 times national average

[I]  India's April trade deficit widens to $13.25 billion: Government

[I]  Government calls meet to explore ways to use PSUs' surplus cash

[I]  RBI on hold for now, 50 bps rate hike likely in 2018: Nomura

 

BUSINESS STANDARD

[I]  Govt to pay bankers to manage PSU IPOs

[I]  Sebi unearths Rs 34,000-crore tax evasion

[I]  RBI has to ensure NPAs are not swept under the carpet: Deepak Parekh

[I]  Rera impact: Stressed realtors seek buyouts or JVs with big players

[I]  Govt said to oppose RBI's new cash tool proposal

[I]  Will never do anything against national interest: Arvind Panagariya

[I]  Poor response to govt's gold schemes due to bad marketing, says IIM-A

[I]  RBI advises taxpayers to pay dues on time

[I]  April exports rise 20% for eighth straight month at $24.6 bn

[I]  Firms raise record Rs 6.41 lakh crore via corporate bonds in FY17

 

MARKETS (7:50 am)

[I]  SGX NIFTY Fut: 9465;  USDINR DGCX: 64.1400;  DJIA Mini Fut: 20924;  FTSE 100 Fut: 7418;  NIKKEI 225 Fut: 19921;  EUR-USD: 1.0986; Crude Oil (WTI): 49.10;  Gold (Spot): 1235

 

Best Regards, ARBIND

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