MACRO ECONOMIC NEWS

Macro Economic News 24 May 2017

 

FINANCIAL TIMES

[I]  UK’s high-alert brings troops on to the streets

[I]  UK raises terror threat after Manchester bombing

[I]  State department funding to be hit in Trump cuts

[I]  Trump pledges Arab-Israeli peace

[I]  India more populous than China, research suggests

[I]  Trump plays on fears of Iran to push for Mideast peace

[I]  IMF and eurozone explore cash lifeline for Greece

[I]  Eurozone economic recovery gathers pace

[I]  Pence looms large in dream of life after Trump

[I]  Trump budget under attack over growth claims

[I]  Rise of Chinese airlines hits Singapore and Cathay

[I]  Drivers take a back seat for China carmakers

[I]  Social networks face more EU oversight over videos

[I]  US investors warm up to Europe but are not yet convinced

 

BLOOMBERG 

[I]  Aussie Dollar Rally May Be Sunk by China Ratings Cut

[I]  China Handed First Moody's Downgrade Since 1989 on Debt Menace

[I]  Aussie Falls After China's Debt Rating Downgrade Jolts Investors

[I]  U.K. Terror Threat Level Raised to 'Critical'; Manchester Suicide Bomber Identified

[I]  China, EU and Canada Form Climate Pact as Trump Stands Alone

[I]  U.K.'s May Warns Further Terrorist Attacks Could Be Imminent

[I]  Investors Just Pulled the Most Cash From Small Caps in a Decade

[I]  Hedge Fund Plummets 62% After Betting Against the Chinese Economy

[I]  HSBC Discovers Consumers Trust Robots for Surgery Over Savings

[I]  China Turns to Tech to Feed 1.4 Billion

[I]  Bringing Artificial Intelligence to the Auto Sector

[I]  Warning Signs Flash in South Korea as Investors Dump Stock ETFs

[I]  China's Roaring Old Economy Spurs Sales Boom For Diggers, Steel

 

BUSINESS LINE

[I]  Promoters’ ‘share pledges’ down only a bit despite market rally

[I]  Right time to buy a house as prices dip in real terms

[I]  Hardselling software service with ‘moneyback’ offer

[I]  IT workers set to get their first union

[I]  AfDB meet: Modi showcases development model to Africa

[I]  Hospitality industry seeks single GST rate of 18%

[I]  Tax incentives on tea auction sales may go

[I]  Ministry to hold talks on trimming skill councils

[I]  Tax incidence on entertainment services will be lower: FinMin

[I]  Shipping stocks in rough seas as freight rates continue to fall

 

ECONOMIC TIMES

[I]  Crude oil in danger of falling to $40 if Opec fails to extend output cuts

[I]  India gold demand to remain at 650-750 tonnes in 2017

[I]  Rupee closes at 7-week low on tensions along LoC

[I]  India Inc seals 252 M&A deals worth 15.8 bn in Jan-Mar: EY

[I]  Fisheries sector expected to touch Rs 1.5 lakh crore by 2020: Assocham

[I]  Government unveils 3-year roadmap for 'evergreen revolution'

[I]  India and EU should firm up FTA to offset concerns over OBOR

[I]  Q4 GVA growth in India to drop to 6.6%: Dun & Bradstreet

[I]  3 years into Modi government, unemployment rate slightly up

[I]  Bill to address bankruptcy in financial sector in next Parliament session: Finance Ministry

[I]  Government notifies regulations for voluntary liquidation

[I]  GST will lower tax burden on medical devices, smartphones: Finance Ministry

[I]  New tax reform to draw Indian businesses into digital economy

 

BUSINESS STANDARD

[I]  Carmakers hit as RTO red flags cabs without speed governor

[I]  Dealers to halve stocks as GST roll-out nears

[I]  Indian M&A deals up 23% to $16 bn in Jan-March even as volumes remain flat

[I]  India faces headwinds from China's cement success

[I]  Govt reinforcing cyber security to deal with emerging threats

[I]  GST unveiled: Warehousing industry to see reorganisation

[I]  Andhra bars firms with debt problem from bidding for capital project

[I]  Africa a top priority for me since I became PM: Narendra Modi at AfDB meet

[I]  India's petroleum self-sufficiency at its lowest since 2011

[I]  India aims to touch double-digit exports in 2-3 years: Steel minister

[I]  Job losses in IT sector are exaggerated: Prasad

[I]  Rating agencies to assess viability, recommend haircuts in NPA cases

[I]  War on black money is only half-won

[I]  Pricing pressure the new worry for Indian pharma

 

MARKETS (8:10 am)

[I]  SGX NIFTY Fut: 9412;  USDINR DGCX: 64.9025;  DJIA Mini Fut: 20903;  FTSE 100 Fut: 7476;  NIKKEI 225 Fut: 19697;  EUR-USD: 1.1188; Crude Oil (WTI): 51.64;  Gold (Spot): 1252

 

Best Regards, ARBIND

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