MACRO ECONOMIC NEWS

Macro Economic News 28 Sep 2017

 

FINANCIAL TIMES

[I]  Donald Trump seeks to slash US corporate tax rate

[I]  Saudi Arabia taps bond market for $12.5bn

[I]  South Africa trade union march demands Zuma step down

[I]  Pakistan targets import curbs to ward off currency crisis

[I]  Investors look on the bright side in Turkey

[I]  Mifid II is Europe’s chance to recoup ground lost to the US

 

REUTERS

[I]  Policy flip-flops risk harming 'Make in India' drive: execs

[I]  Despite Brexit, London skyscrapers draw highest rents in Europe

[I]  U.S. inflation to rebound, rate hikes needed to avoid risks: Fed's Rosengren

[I]  RBI to keep rates steady in October, cut growth forecast

[I]  NATO chief says Europe has interest in helping Afghanistan

 

BLOOMBERG 

[I]  Singapore Population Growth Stalls as Non-Residents Decrease

[I]  Count the Broken Promises in the GOP Tax Plan

[I]  China's Great Wealth Transfer Falls to Reluctant Heirs

[I]  Here’s How Tax Reform Could Squeeze the Middle Class

[I]  A Vacuum Billionaire’s Long Journey to Make a Car That Doesn’t Suck

[I]  Oil Pares Losses as Industry Data Showed Unexpected Crude Draw

[I]  In China, It’s Global Money Managers vs. Mom and Pop

[I]  RBNZ Holds Cash Rate at Record Low as Growth Outlook Weakens

[I]  Bond Market Headed for Sell-Off According to Fund Veteran

[I]  Japan Downgrade Risk Seen Rising as Default Swaps Climb

[I]  S&P Warns of Correction as Asia Bond Spreads Hit Decade Low

[I]  China Industrial Profits Jump 24% in Biggest Gain Since 2013

 

BUSINESS LINE

[I]  Sensex, rupee slump on wave of grim economic news

[I]  Farmers in distress: Most kharif crops ruling below minimum support price

[I]  FinMin, RBI officials will meet today to finalise H2 borrowing calendar

[I]  ADB to increase annual lending to India to $4 billion

[I]  No free power under Saubhagya, only free connection: Centre

[I]  Monsoon exits border areas in North-West, still active in South India

[I]  Reduced indents for clerical recruitment worrisome: unions

[I]  Bank deposits down Rs. 41,670 cr in fortnight ended Sept 15

 

ECONOMIC TIMES

[I]  Rupee tanks to 6.5-month low on panic dollar buying

[I]  Global Tea production to see a decline in 2017

[I]  Create agri-knowledge data for NextGen farmers: Gajendra Singh Shekhawat

[I]  India seeks funds from World Bank and ADB for e-buses

[I]  India launches programme to attract UK investments

[I]  Spices export rises 35% in first quarter

[I]  India is world's 40th most competitive economy: WEF

[I]  Why government should avoid shortcut to growth through stimulus

[I]  India will have 50,000 km highways network in 2 years: Government

[I]  Expert divided over fiscal stimulus to revive economy

[I]  Government to set up advisory board to fix national minimum wages

[I]  India's policy panel deputy chief says no harm in busting fiscal deficit target

[I]  Demonetisation and GST will boost economy in the long run, job growth is less assured

 

BUSINESS STANDARD

[I]  Markets, rupee in free fall

[I]  Southwest monsoon's retreat begins after three week's delay: IMD

[I]  It is too early to go down the path of fiscal stimulus: Piyush Goyal

[I]  Slow IT growth, high talent supply may keep salaries low

[I]  Indian pharma lags on digital adoption: EY

[I]  GST impact: Car exports growth at 6-year low

[I]  Govt plans partnership between pvt cos & villages to boost economic infra

[I]  Aadhaar deadline extended

[I]  Economic downturn has bottomed out, expect growth in 2 quarters: NITI Aayog

[I]  Govt may offer up to 60% stake in oilfields to private players

 

MARKETS (08:15 am)

[I]  SGX NIFTY Fut: 9723;  USDINR DGCX: 65.8625;  DJIA Mini: 22286;  FTSE 100 Fut: 7272;  NIKKEI 225 Fut: 20325;  EUR-USD: 1.1738; Crude Oil (WTI): 51.97;  Gold (Spot): 1283

 

Best Regards, ARBIND

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