MACRO ECONOMIC NEWS

Macro Economic News 05 Jul 2017

 

FINANCIAL TIMES

[I]  ECB supervisor defends role in Italian banks crisis

[I]  Trump phones Xi as US-China friction grows

[I]  Frankfurt offers ‘risk takers’ Brexit exemptions

[I]  China delays credit-score licenses for tech groups

[I]  Brussels vows to help Italy control migrant surge

[I]  China and Russia strike $11bn funding deal

[I]  [I]  Gulf rivals play different sides of Team Trump

[I]  North Korea missiles prompt Japan defence rethink

[I]  Foreign movies give China’s box offices a 20% boost

[I]  China is the biggest threat to Asian emerging markets

 

BLOOMBERG 

[I]  Foreign Brands Capture Less of China’s Growing Consumer Market

[I]  What Corbyn's Fans Overlook: Labour Leader Is Still Pro-Brexit

[I]  Fed Minutes May Give Clues on When Balance-Sheet Runoff to Start

[I]  [I]  China's Electric Cars Are Actually Pretty Dirty

[I]  Foreigners Account for 4.7% of Home Sales in Toronto Region

[I]  North Korea 'Committed' to Test a Missile That Can Hit the U.S. Mainland

[I]  Kim Jong Un Seeks to Exploit U.S.-China Tensions With Missile Claims

[I]  These Three Asia Markets Are Still Down Two Decades After Crisis

[I]  Crisis That Crippled Indonesia Also Forged Reform

[I]  Europeans Are Drinking Themselves to Death

[I]  U.S. Says North Korea Rocket Was ICBM, Warns of UN Action

[I]  War or Recession Might Be Needed to Break Low-Vol, Goldman Says

[I]  Manufacturing Pickup Signals Boost to U.S. Economic Growth

[I]  China's $162 Billion of Dealmaker Debt Raises Alarm

[I]  Gender Inequality Is a Risk for South Korea's Workforce

[I]  Economic Chaos Fuels Gold Mining Rush in Africa's Newest Nation

[I]  New Zealand House Price Growth Slowing

[I]  China’s Restraint Two Decades Ago Heralded New Economic Order

[I]  Chinese Banks' Short-Term Debt to Fall for First Time This Quarter

 

BUSINESS LINE

[I]  Govt warns retailers against profiteering on GST transition

[I]  Comments sought by July 12 on draft BIS guidelines

[I]  Centre to hold webinar for US firms to clarify doubts on GST

[I]  CBDT softens cash transaction norms

[I]  Tax audit form revised, new disclosures mandated

[I]  Dynamic pricing of fuel: Dealers seek delayed payment mechanism to protect margins

[I]  Post GST, luxury watch brands willing to lower margins, offer discounts

[I]  Task force may pitch for making GSTN the universal enterprise number for job data

[I]  Home buyers should avoid projects nearing completion to escape higher EMI burden

 

ECONOMIC TIMES

[I]  India-ASEAN ties without any conquest: Swaraj

[I]  Sebi hikes FPI investment limit for govt debt

[I]  Asset quality remains slightly challenging, but things will start getting better in FY18: SBI's Arundhati Bhattacharya

[I]  Party’s over in Indian debt market; banks dump $15 billion bonds

[I]  Private equity firms invested record $11.3 billion in India from January to June

[I]  Haryana draft land pooling policy may boost infrastructure projects

[I]  Future support to depend on how India garners infra funds: ADB

[I]  Cash of over Rs 2 lakh can be used to pay credit card bills

[I]  Exporters can furnish bonds manually instead of IGST

[I]  NSSO survey faces an end, panel to opt for a more robust tool

[I]  Octroi abolition may save Rs 2,000 crore, cut freight time after GST rollout

[I]  NITI Aayog suggests tax sops, viability gap funding for eco-labelled products

[I]  Idea of govt restructuring PSBs before stake sale is wrong: YV Reddy

[I]  Businesses can opt for composition scheme on GSTN portal from Wednesday

[I]  Devices for disabled taxed at concessional 5% rate: Government

 

BUSINESS STANDARD

[I]  GST rollout: 3,500 helpdesks, 8,000 tax consultants emerge in 5 days

[I]  Keeping close watch on price, supply of goods after GST roll-out: Adhia

[I]  Govt plans to merge smaller trading firms with MMTC

[I]  VC investments fall 25% in Q2 2017 making it worst quarter in past 3 yrs

[I]  PE investments up 62% to $5.4 billion in Q1

[I]  'Dirty' tag drives buyers away: Diesel cars' share in total sales down 9%

[I]  Indian firms' drug approvals by US rise 50% in 2017

[I]  Centre eases M&A filing norms

[I]  GST regime: Truckers caught in twists and turns

[I]  54% more expenditure: Ministries rush to reflect Budget benefits on ground

[I]  Panagariya panel likely to suggest using GSTN for part of job surveys

[I]  Proprietary firms to come under bankruptcy code

[I]  RBI might issue Rs 200 notes by Dec 2017

 

MARKETS (08:10 am)

[I]  SGX NIFTY Fut: 9635;  USDINR DGCX: 64.9975;  DJIA Mini: 21425;  FTSE 100 Fut: 7288;  NIKKEI 225 Fut: 19923;  EUR-USD: 1.1365; Crude Oil (WTI): 47.02;  Gold (Spot): 1228

 

Best Regards, ARBIND

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