MACRO ECONOMIC NEWS

Macro Economic News 26 Oct 2017

 

FINANCIAL TIMES

[I]  US expats given hope of lower tax bills

[I]  Saudi sovereign wealth fund aims to double its assets to $400bn

[I]  Republicans help banks by scrapping pro-consumer rule

[I]  South Africa slashes its growth forecasts

[I]  Corporate Sweden jittery over rise of anti-business rhetoric

[I]  Bonds sell off as participants eye central banks

[I]  UK GDP acceleration sends yields to Brexit high

 

REUTERS

[I]  Japan to propose strategic dialogue with U.S., India and Australia: Nikkei

[I]  China will not set target to double GDP from 2021: party official

[I]  South Korea growth fastest in seven years as exports boom

[I]  Japan Abe's aide: BOJ shouldn't be criticized for missing price goal

[I]  Beginning of the end for Europe's loose money? ECB to curb stimulus

[I]  India slaps anti-dumping duty on some stainless steel imports

[I]  EU works on post-Brexit trade ties with Britain, eye on talks' possible collapse

[I]  Cash ban, GST disruptions to cool India's GDP growth to a 4-year low: Reuters poll

[I]  Bad loans and stressed assets in Indian banks estimated at $153.5 billion

[I]  U.S. business spending on equipment robust, new home sales surge

[I]  UK economy gains pace, puts BoE rate hike firmly on track

 

BLOOMBERG 

[I]  China's U.S. Buying Spree Prompts Move to Toughen Deal Reviews

[I]  Australia’s Got a Lock on a Metal That Electric Vehicles Can't Run Without

[I]  Asia Now Has More Billionaires Than the U.S.

[I]  Millions of U.S. Expats May Get Tax Relief: FT

[I]  S. Korea's Fastest Growth Since 2010 Bolsters Rate Hike View

[I]  U.K. Growth Surprise Clears Path for Bank of England Rate Rise

[I]  China Begins Marketing First Sovereign Dollar Bond Since 2004

[I]  Hong Kong's Malls Are Turning Away From Luxury Brands

[I]  India's Banks Need More Than a Bailout

[I]  Investors Underpricing Global Risk, Singapore's Central Bank Warns

[I]  Monetary Authority of Singapore on Health of Economy

 

BUSINESS LINE

[I]  ‘Germany, UK will gain the most from an India-EU free trade deal’

[I]  Bank recap plan to address sector challenges: Urjit

[I]  Govt move credit positive for sector, says Moody’s

[I]  Govt exploring mechanism for those who do not want to link Aadhaar with mobile number

[I]  Tepid show by infra, engineering verticals

[I]  Recapitalisation will restore the health of banking system, says RBI chief

 

ECONOMIC TIMES

[I]  Govt may go easy on rules to link Aadhaar with bank accounts, mobile numbers

[I]  Food processing, retail will get $10 billion in FDI: Harsimrat Kaur Badal

[I]  India's pension system ranked near bottom among major economies

[I]  Bad loans and stressed assets in banks estimated at $153.5 billion

[I]  Indian companies increasing investment in US: Rex Tillerson

[I]  India's economic slowdown "temporary blip": Y K Sinha

[I]  Most of Rs 7-lakh crore road projects to be awarded by December 2018: Nitin Gadkari

[I]  Will not linking Aadhaar with bank accounts invite punishment?

[I]  Government looking at other options to re-verify mobile numbers

[I]  India should have 5-7 large banks ideally: CEA Arvind Subramanian

[I]  Capital infusion of PSBs to support credit growth,job creation

[I]  'Prudent hike in MSP to keep food price inflation contained'

 

BUSINESS STANDARD

[I]  RBI, Centre see leap in economy

[I]  Deadline to link Aadhaar with schemes extended till March 31: Centre to SC

[I]  New mechanism soon to verify mobile numbers minus Aadhaar

[I]  PSB consolidation off the table for now

[I]  Capital infusion isn't a solution, but is unavoidable: Usha Thorat

[I]  Valuation gap between public sector and private banks narrows

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10270;  USDINR DGCX: 64.8800;  DJIA Mini: 23304;  FTSE 100 Fut: 7432;  NIKKEI 225 Fut: 21743;  EUR-USD: 1.1829; Crude Oil (WTI): 52.10;  Gold (Spot): 1280

 

Best Regards, ARBIND

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