MACRO ECONOMIC NEWS

Macro Economic News 11 Aug 2017

 

FINANCIAL TIMES

[I]  France urges ‘new momentum’ in taxation of US tech groups

[I]  US sounds off over mystery Cuba hearing loss

[I]  North Korea steps closer to end-game in nuclear quest

[I]  Angela Merkel’s popularity slides but remains election favourite

[I]  China sends first ‘unhackable’ message to satellite

[I]  Brazil’s pension and tax reforms back on track, says Meirelles

[I]  SEC pushes back on Chinese-led takeover of Chicago Stock Exchange

[I]  Strengthening euro poses inflation headache for ECB

 

REUTERS

[I]  Trump warns North Korea, says 'fire and fury' not tough enough

[I]  White House plans to release tax reform framework in September: sources

[I]  Any new Korean war could quickly escalate to catastrophe

[I]  RBI dividend to government halves to $4.78 billion

[I]  UK exports disappoint as economy limps to end of weak first half

[I]  Japan July exports seen rising for 8th straight month

[I]  Singapore economy grows much stronger than expected in second-quarter

 

BLOOMBERG 

[I]  Thailand's Return to Democracy May Raise Tension

[I]  Trump Intensifies Warnings to North Korea on Missile Threat

[I]  America’s Drinking Problem Is Much Worse This Century

[I]  Macron's First Effort to Shake Up the Economy Is Catching On

[I]  China's Burying Its Cities Under Mountains of Cheap Bikes

[I]  Singapore GDP Growth Beats Forecasts on Strong Trade Rebound

[I]  RBA Has Been 'Patient' as Unemployment Holds Steady: Lowe

[I]  Thailand, Philippines Want No Part of Asia's Dollar Bond Boom

[I]  RBNZ Says Kiwi Tweak Is Step Toward Possible Intervention

[I]  China's Yuan Becomes an Improbable High-Yield Haven

 

BUSINESS LINE

[I]  By FY20, Centre sees big jump in capex, gains from wider tax pool

[I]  With bank Bill through in Rajya Sabha, RBI gets teeth to tackle NPAs

[I]  Major Bills to reform labour, financial sector laws introduced in Lok Sabha

[I]  New NSSO survey to give govt a fix on e-comm activities

[I]  Tea drinkers may soon have more options for their morning cuppa

[I]  Demonetisation effect: RBI’s payout to Centre falls by more than half

[I]  CA Institute sets up Digital Accounting & Assurance Board

 

ECONOMIC TIMES

[I]  Note ban hits Modi govt too! RBI dividend halves to Rs 30,659 cr

[I]  Firms raise Rs 2.2 lakh crore via debt in April-July FY18

[I]  Securities Appellate Tribunal allows two alleged shell companies to trade

[I]  Weak dollar acts as a boon for gold price rally

[I]  Mukesh Ambani may have just found the killer feature that would make JioPhone irresistible

[I]  Government capex to rise 25% to Rs 3.9 lakh crore in next 3 years

[I]  Tax-GDP ratio to increase 30 bps for next two fiscals

[I]  'Casual Taxpayer' registration goes live on GSTN portal

[I]  Telcos asked to block unsolicited financial SMSes

[I]  Tax-GDP ratio may rise to 11.9% due to GST, closer scrutiny: Government

[I]  This number is your lifeline: 10 vital things you cannot do without Aadhaar

[I]  RBI may need to drain up to $22 billion as inflows add to excess liquidity

 

BUSINESS STANDARD

[I]  RBI's dividend to govt halves to Rs 30,659 crore

[I]  Smartphone market jumps back to life after GST hiccup

[I]  Sugar mills on debt reduction spree

[I]  Dividend to govt: High liquidity shrinks RBI surplus

[I]  PM's New India Pledge: Laudable but unrealistic in time frame, expectations

[I]  Govt projects 26% rise in capex over next two years

[I]  Bank NPAs register a significant growth during Jan-Jun: Ficci-IBA Survey

[I]  Central bank relaxes rating requirement on CP issuance

[I]  Mobile banking shows rise, but not mobile wallets

[I]  RBI issues rules for tri-party repo contracts

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 9760;  USDINR DGCX: 64.2600;  DJIA Mini: 21819;  FTSE 100 Fut: 7334;  NIKKEI 225 Fut: 19350;  EUR-USD: 1.1771; Crude Oil (WTI): 48.39;  Gold (Spot): 1286

 

Best Regards, ARBIND

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