MACRO ECONOMIC NEWS

Macro Economic News 16 Jun 2017

 

FINANCIAL TIMES

[I]  Italy close to ‘solution’ for rescue of Veneto banks

[I]  Brussels insists on power over euro clearing

[I]  Finnish coalition fails populist inclusion test

[I]  Asia and Europe to bear burden of US protectionism

[I]  Beijing ire at EU over WTO status mars climate pact

[I]  China accuses 2 more provinces of faking data

[I]  May faces cabinet pressure to embrace soft Brexit

[I]  Start-ups move into India’s booming hostel market

[I]  ‘Cartel’ currency traders agree to US surrender

[I]  Australia has luck on its side as growth slows

 

BLOOMBERG 

[I]  Has Asia Learned From the 1997 Crisis?

[I]  Short-Seller Battleground Heats Up in Asia, Australia

[I]  Bitcoin Tumbles Most in More Than Two Years After Record Run

[I]  If Trump Unlocks $2 Trillion at Banks, Here’s Who May Get It

[I]  BOE Policy Split Deepens as Three Officials Seek Rate Hike

[I]  Why It's Much Harder for Expat Bankers to Land a Hong Kong Job

[I]  Here's Another Sign Singapore's Housing Market Is Recovering

[I]  What the Bond Market Is Telling Us About Fed Policy

[I]  China's Holdings of U.S. Treasuries Rise to Six-Month High

[I]  China Builds Its Global Role, One Infrastructure Loan at a Time

[I]  Sushi Robots Show Way to Surprise Japanese Recovery

[I]  Japan's Line Goes All-In On Video and AI to Return to Growth

 

BUSINESS LINE

[I]  Demand for warehouses set to soar: Colliers Research

[I]  Boost legal infra development for AI adoption in India: Study

[I]  Composite Water Management Index soon to rank States

[I]  India’s exports to take a hit as Qatar crisis deepens

[I]  GST Council’s Sunday meet to finalise e-way bill, anti-profiteering rules

[I]  CBDT issues draft norms for transition of foreign firms to resident status under POEM

[I]  Travel companies lure tourists with lucrative offers

[I]  FinMin cautions builders against overcharging

[I]  Phone-makers may take FTA route if customs duty is imposed

 

ECONOMIC TIMES

[I]  Government's basic customs levy will soon make imported smartphones costlier

[I]  Global innovations in India won’t make an impact

[I]  MF exposure to IT nearing an all-time low: Morningstar analyst

[I]  FPIs buy more limit to invest in sovereign bonds

[I]  A good monsoon is little comfort for despairing Indian farmers

[I]  India's gold imports surge 3-fold to $4.95 billion in May

[I]  Trade gap widens to 30-month high in May

[I]  CAD soars to $3.4 b or 0.6% as imports jump in Q4

[I]  India climbs global innovation charts for second year in a row

[I]  Rain clouds thinning out in west and central India

[I]  Now, ministries to clear foreign investment proposals

[I]  Indian companies under POEM to be taxed at 40%

[I]  Don't ignore signs of economic slowdown

 

BUSINESS STANDARD

[I]  GST to be death knell for Surat's Rs 50,000-cr textile industry

[I]  Telcos ask Trai to fix floor price for voice call, data

[I]  India said to plan gold policy overhaul for $19-bn sector

[I]  Challenges remain amid govt's push for digital economy

[I]  Phased manufacturing programme may be extended to other sectors

[I]  Seafood exports to grow above 20% in FY18

[I]  DIPP to steer new avatar of the abolished FIPB

[I]  April, May show pick-up in steel consumption

[I]  GST regime: Builders must pass on lower rates to buyers, says FinMin

[I]  Petrol price cut by Rs 1.12, diesel by Rs 1.24 per litre

[I]  RBI easing housing finance norms credit negative: Moody's

[I]  Current account deficit widens in Q4 to 0.6% y-o-y

[I]  India 60th most-innovative globally: GII rankings

 

MARKETS (7:30 am)

[I]  SGX NIFTY Fut: 9604;  USDINR DGCX: 64.7050;  DJIA Mini: 21346;  FTSE 100 Fut: 7435;  NIKKEI 225 Fut: 19920;  EUR-USD: 1.1152; Crude Oil (WTI): 44.44;  Gold (Spot): 1252

 

Best Regards, ARBIND

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