MACRO ECONOMIC NEWS

Macro Economic News 11 Oct 2017

 

FINANCIAL TIMES

[I]  Theresa May silent on how she would vote in second Brexit poll

[I]  Global childhood obesity rises 10-fold in 40 years

[I]  Catalan leader steps back from immediate independence declaration

[I]  Paris and Berlin at odds over key plank of eurozone reform plans

[I]  IMF upbeat as global economy enjoys a growth spurt

[I]  North Korea hacked war blueprint, says Seoul lawmaker

[I]  Modi’s pursuit of black money proves drag on India’s economy

[I]  Non-bank lending is crucial for Indian growth

 

REUTERS

[I]  Indian banks' bad loans hit record $146 billion

[I]  India wants foreign investors for $300 billion worth of energy projects  

[I]  Japan August core machinery orders rise in signs of pick-up in capex

[I]  Some U.S. businesses urge caution in China intellectual property trade push

[I]  Diamonds - the new gold for rich investors?

[I]  U.S. signals tougher stance on encryption

[I]  Thailand prepares to bid farewell to "the people's king"

[I]  India's September gold imports jump 31 percent on festive demand - GFMS

[I]  UK stuck in slow growth gear, BoE on course to raise rates

[I]  Emerging market debt to GDP declines for first time since 2011: JPMorgan

 

BLOOMBERG 

[I]  China Is Said to Meet Bankers for First Dollar Bond Since 2004

[I]  Carney Rate Hike Signals Something Ailing in the U.K. Economy

[I]  IMF Risks Raining on Its Own Pretty Good Parade

[I]  China Central Bank Boss Calls for Reform Amid Congress Countdown

[I]  Catalans Call Time Out on Independence Bid And Ask Spain to Talk

[I]  Steel Firm Faked Data for Metal Used in Planes and Cars

[I]  Funding Battle Heats Up for World’s Strongest Material

[I]  Singapore's Oil-Dependent Industries Are Still Under Pressure

[I]  10,000 Electric Cars Highlight Steep Path to India's Ambitions

 

BUSINESS LINE

[I]  Petrol, diesel get cheaper in Gujarat, Maharashtra as States lead VAT-cut

[I]  Govt shouldn’t micro-manage businesses: Anil Agarwal

[I]  India to set up gas trading platform soon, says Pradhan

[I]  ‘India, UK working on taking forward defence ties’

[I]  Corporates will see capex recovery only beyond 2019-20: IndRa

[I]  IMF lowers India’s growth forecast to 6.7% in 2017

[I]  India Ports’ proposal among 4 FDI plans approved

[I]  New Delhi looking at granting indemnity to US nuclear power suppliers

[I]  OPEC sees India’s oil demand rising over 150% by 2040

[I]  Oilmeal exports up 85% in April-Sept

[I]  Depression weakens, but prompts renewed Bay watch

[I]  As NPAs jump, Exim Bank turns cautious on loan book growth

 

ECONOMIC TIMES

[I]  India’s conglomerates need to slim down to reasonable sizes and focus on a few core businesses

[I]  Onion prices to soar further this Diwali

[I]  IMF pares India’s FY18 growth forecast but sees it regaining ‘fastest-growing’ title in FY19

[I]  Watch: IMF lowers India's FY18 growth forecast over DeMo, GST

[I]  Digital payments: India lags China in e-transactions

[I]  India tries hard to keep multilateralism intact at WTO despite pressure

[I]  Economy may grow at 6.5% for 2017-18, says C Rangarajan

 

BUSINESS STANDARD

[I]  Private banks, NBFCs gain at govt banks' expense

[I]  Online sales in festive month to cross Rs 20,000 crore: RedSeer

[I]  Electronic payments rise marginally in August: RBI

[I]  Pvt capex to grow Rs1 lakh cr in 2 yrs, little focus on long-term projects

[I]  PE investments at record high of $8.7 billion in Jul-Sep

[I]  Opec asks US to curb shale supply

[I]  India fast tracks gas exchange proposal

[I]  Mobile wallet industry likely to grow 150% in 5 years: Capgemini

[I]  Demand for homes may not revive in 12-18 months: CRISIL

[I]  Youngest India also one of the oldest

[I]  No respite for Indian banks as bad loans hit record $146 billion

[I]  IPOs, weak FII flows to weigh on markets: CLSA

[I]  Japan-wide scandal erupts over steel company's falsified data

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10071;  USDINR DGCX: 65.3675;  DJIA Mini: 22801;  FTSE 100 Fut: 7510;  NIKKEI 225 Fut: 20870;  EUR-USD: 1.1803; Crude Oil (WTI): 51.03;  Gold (Spot): 1288

 

Best Regards, ARBIND

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