MACRO ECONOMIC NEWS

Macro Economic News 28 Jun 2017

 

FINANCIAL TIMES

[I]  Cyber attack hits businesses, Ukraine government

[I]  BoE tells lenders to increase capital buffers by £11.4bn

[I]  EU fines Google €2.4bn over abuse of search dominance

[I]  IMF cuts US growth forecast as fiscal stimulus hopes fade

[I]  South Africa central bank moves to protect mandate

[I]  Draghi optimism on inflation sends euro higher

[I]  The internet of things: industry’s digital revolution

[I]  China puts a stop to electric-car gold rush

[I]  Trade chokepoints risk food price spikes

[I]  Russia taps strong demand for EM debt

[I]  Emerging market assets are trapped by an outdated cliché

 

BLOOMBERG 

[I]  Cheapest Fuel Since 2005 Brings U.S. Drivers `Christmas in July'

[I]  Trump's 15% Corporate Rate Debated During Tax Meetings: Official

[I]  Yellen Fed Ramps Up Attention Over `Somewhat Rich' Asset Prices

[I]  Hong Kong Small Cap Stock Plunge Wipes Out $6.1 Billion in Value

[I]  New Global Cyberattack; Volatility Index Jumps: Five Things You Need to Know

[I]  IMF Cuts U.S. Outlook, Calls Trump's Growth Target Unlikely

[I]  Welcome to the Booming Texas Port at Heart of U.S. Oil Sales

[I]  IMF Cuts U.S. Growth Forecast to 2.1 Percent

[I]  Trio of Fed Speakers Warn on Valuations With Eyes on Tightening

[I]  Ransomware Becomes Go-To Hack as Bitcoin Rallies, NSA Tools Leak

[I]  Singapore to Let Banks Invest in Digital Platforms, E-Commerce

 

BUSINESS LINE

[I]  US turns screws on India over patent laws

[I]  Gas imports unlikely to fall for now

[I]  28% GST on animal drawn cart tyres will ruin rural logistics, say tyre dealers

[I]  Strategic issues dominate Modi-Trump talks

[I]  India hopes to initiate talks on H-1B as part of proposed comprehensive review of trade

[I]  Monsoon enters South Rajasthan four days earlier

[I]  India’s forex reserves surge aided by RBI purchasing dollars

 

ECONOMIC TIMES

[I]  25 government departments to be fully computerised

[I]  EPFO to now buy lower-rated corporate bonds

[I]  Central banks moving toward a less accommodative policy: Mark Matthews, Julius Baer

[I]  India Inc's foreign borrowings at $1 billion in May

[I]  US President Donald Trump looks to increase energy exports to India

[I]  India must reduce obstacles to US exports: Donald Trump warns Narendra Modi

[I]  India, US vow to strengthen economic ties, resolve differences

[I]  'Inflation targeting' can't work in India: Former RBI governor Bimal Jalan

[I]  Rs 7 lakh crore to be spent on highways in 5 years

[I]  Ordinance empowering RBI in tackling bad loans only a one-off measure: Former RBI Governor YV Reddy

 

BUSINESS STANDARD

[I]  NPPA steps in to keep medicines affordable after GST roll-out on July 1

[I]  India Inc's foreign borrowings dip

[I]  Falling iron ore prices a boost for steel producers

[I]  Smaller players take bigger pie of highway projects

[I]  Top garment firms eye cost-friendly Ethiopia for expansion

[I]  Commerce Ministry for resumption of ACU payment mechanism with Iran

[I]  Corporatise 7 Coal India subsidiaries as independent firms: NITI Aayog

[I]  New steel policy: Govt panel addresses stakeholders' concerns

[I]  Air passengers give a thumbs up to biometrics: Study

[I]  India's apparel exports to set new record at $20 billion in FY17-18

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 9495;  USDINR DGCX: 64.5500;  DJIA Mini: 21300;  FTSE 100 Fut: 7355;  NIKKEI 225 Fut: 20203;  EUR-USD: 1.1342; Crude Oil (WTI): 43.91;  Gold (Spot): 1251

 

Best Regards, ARBIND

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