MACRO ECONOMIC NEWS

Macro Economic News 24 Aug 2017

 

FINANCIAL TIMES

[I]  Investors pour back into crisis-era credit product

[I]  Germany repatriates gold stashed abroad during cold war

[I]  Yellen’s Fed legacy hangs over Jackson Hole meeting

[I]  China restrained in response to Trump sanctions over North Korea

[I]  Donald Trump threatens US government shutdown

[I]  Angela Merkel defends cautious approach to Trump as election looms

[I]  Analysts halve UK profit growth forecasts for 2018

[I]  Euro hits 8-year high against pound on diverging forecasts

[I]  EM debt investors keep a wary eye on the Fed

[I]  China reform plans could be stifled as economy cools

 

REUTERS

[I]  India to speed up state bank mergers for broader economic revival

[I]  India's proposed pharma marketing rules hit legal roadblock

[I]  South Korea will announce comprehensive measures on household debt in Sept: finance minister

[I]  China's Xi pledges to properly address differences with South Korea - Xinhua

[I]  China state-owned firms' profits +23.1 percent year-on-year in Jan-July

[I]  Mexico to introduce new inflation methodology in 2018

[I]  U.S. increases pressure on Pakistan to help with war

[I]  India's rain deficit widens to 6 percent, raises crop yield concerns

The UK plans to end EU court jurisdiction

[I]  Britain seeks close EU relationship on data protection after Brexit

[I]  Pakistan rejects role of 'scapegoat for U.S. failures' in Afghanistan

 

BLOOMBERG 

[I]  China's Debt Machine Gets Another Sausage Factory

[I]  U.K. Economy May Be Even Weaker Than It Looks, Says UBS Model

[I]  Hong Kong Lowers Storm Signal as Typhoon Hato Makes Landfall

[I]  Germany Finishes Bringing Gold Reserves Back From France

[I]  Asia's Top Stock Market Is Suddenly Drawing a Crowd of Skeptics

[I]  Trump Shutdown Threat Complicates Congress's Debt Ceiling Plans

[I]  The Lowflation Demon That Vexes Central Banks

[I]  Big Banks Stand to Profit From Proposed Rules Changes

 

BUSINESS LINE

[I]  Centre notifies new Rs. 200 note

[I]  Cabinet clears alternative mechanism to oversee PSU bank mergers

[I]  Open to suggestions on easing TDS rates: CBDT chief

[I]  FinMin clarifies on GST rate on selling ad space in print media

[I]  It’s time the Indian pulse grower received his due

[I]  Let some banks die: Subbarao

[I]  Mishaps re-focus attention on Railways’ long-term issues

 

ECONOMIC TIMES

[I]  Insolvency professionals face threats, draw staff ire while evaluating plans for debt-laden companies

[I]  Agriculture exports may grow to $100 billion by 2022: Experts

[I]  Centre asks states to impose stock limits on onion traders

[I]  20 lakh businesses pay GST so far, more to follow: GSTN Chairman

[I]  Indian microfinance loans grew 26% in Q1

[I]  India Inc overseas direct investment plunges 47% to $1.77 billion

[I]  Consumption, agriculture may help in 6.5 per cent first quarter growth

[I]  Bank consolidation should achieve efficiency, says former Reserve Bank of India governor D Subbarao

[I]  Not considering ban on Rs 2,000 notes: FM Arun Jaitley

[I]  Hong Kong concerned about Indian labour laws: Economist

[I]  RBI gets directive from Finance Ministry to print Rs 200 notes

[I]  Income Tax department open to reducing withholding tax for companies

 

BUSINESS STANDARD

[I]  Cabinet fast tracks merger of PSU banks

[I]  6 out of 10 projects in Mumbai revise delivery targets after RERA: Report

[I]  Need to follow Apeda standards for organic produce: NITI Aayog

[I]  Oct WTO meet to see India push for trade agreement on services

[I]  Home sales recover as Mumbai touches 7-yr high

[I]  Aadhaar numbers: An equation that doesn't add up

[I]  RBI should not step into day-to-day activities of banks, says Subbarao

[I]  Steel promoters must bring in more capital: Arundhati Bhattacharya

[I]  PSB mergers will not be a cake walk; concerns over NPAs is key

 

MARKETS (08:15 am)

[I]  SGX NIFTY Fut: 9867;  USDINR DGCX: 64.0325;  DJIA Mini: 21790;  FTSE 100 Fut: 7387;  NIKKEI 225 Fut: 19408;  EUR-USD: 1.1803; Crude Oil (WTI): 48.36;  Gold (Spot): 1288

 

Best Regards, ARBIND

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