MACRO ECONOMIC NEWS

Macro Economic News 27 Jun 2017

 

FINANCIAL TIMES

[I]  Berlin leads backlash against Italian bank rescue

[I]  Supreme Court gives Trump partial travel ban win

[I]  Why Italy’s €17bn bank rescue is making waves

[I]  EU vows to retaliate over US steel tariffs threat

[I]  Labour shortages threaten growth in central Europe

[I]  India faces chaos over Modi’s tax revolution

[I]  Syria accuses US of waging ‘war of attrition’

[I]  Oil exporters face fall in forex reserves

[I]  Scandal hits Japan’s special economic zones

[I]  European banks deemed safest since height of debt crisis

[I]  Emerging market assets are trapped by an outdated cliché

[I]  Investor nervousness rises as yield curve flattens

 

BLOOMBERG 

[I]  London's Fire Symptomatic of Larger Safety Issues Globally

[I]  Digital Currencies Crushed; Fat Finger Gold Trade: Five Things to Know

[I]  Trump Warns Modi India Must Reduce Obstacles to U.S. Exports

[I]  Wage Woes May Leave Australians Struggling to Make Ends Meet

[I]  China's Growth Looks Like It's Already Peaked for 2017

[I]  India's New Tax May Unleash a Flood of Litigation

[I]  Here's What You'll Pay After India's Massive Tax Overhaul

[I]  Carmakers Say They May End Up With Most Takata Costs

[I]  China's Pension Gap is Growing as Aging Becomes Economic Risk

[I]  China Debt Squeeze Has Moody's Awaiting First-Ever Local Default

[I]  Insurer Giants in Americas Court Aussie Firms for Debt Deals

 

BUSINESS LINE

[I]  From July 1, oil companies to carve out their own exploration areas

[I]  Govt defers TDS, TCS under GST

[I]  Small businesses grapple with GST compliance

[I]  Big firms set GST ball rolling with workshops, helplines for suppliers

[I]  Banks may have to take 60% haircut on 50 top NPAs: Crisil

[I]  Provisioning requirement for assets referred for insolvency is harsh: bankers

[I]  NCAER report soon on jobs potential in Railways

[I]  Monsoon set for ‘explosive’ phase due to ‘twin flows’

 

ECONOMIC TIMES

[I]  With $10.1 billion, India tops emerging markets equity fundraising in 2017

[I]  Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17

[I]  Finmin for extending RBI deadline on Basel III norms

[I]  Global survey finds planned exports hitting 18-month high

[I]  Kerala government investing Rs 50,000 crore on infrastructure projects: Thomas Issac

[I]  Companies can avail input tax credit for most business expenses

[I]  Financial year likely to be changed from 2018; Budget in November?

[I]  CVC can now probe corruption cases in private sector banks

[I]  Expert view: GST's impact on inflation - 50% prices untouched, 30% lowered, 20% increased

[I]  Government to revisit plan for 3-tier banking system

[I]  GST rollout: Companies say retailers refusing to buy fresh stocks; retailers want consumer firms to protect margins

 

BUSINESS STANDARD

[I]  For the US and India, a convergence of interests and values

[I]  Owner asking regulator to do its job on NPAs: Former RBI governor Y V Reddy

[I]  Sebi cracks down on fake stock tips

[I]  CAs, bankers in a rush to pass insolvency exam

[I]  FinMin wants Basel III deadline extended to help banks clean up books

[I]  Monsoon may reach Delhi in next 3-4 days; cover most parts of North India

[I]  Govt to kick off new energy exploration round on July 1

[I]  Centre, states will pay GST Network costs

[I]  GST's anti-profiteering clause should be reviewed

[I]  Crisil SME tracker: For MSMEs in broiler farming, feast has only just begun

[I]  Indian women are better off, but it's not all good news

[I]  Indian diaspora optimistic about ties with US under Donald Trump

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 9626;  USDINR DGCX: --;  DJIA Mini: 21370;  FTSE 100 Fut: 7387;  NIKKEI 225 Fut: 20219;  EUR-USD: 1.1186; Crude Oil (WTI): 43.37;  Gold (Spot): 1243

 

Best Regards, ARBIND

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