MACRO ECONOMIC NEWS

Macro Economic News 28 Nov 2017

 

FINANCIAL TIMES

[I]  Bitcoin stirs volatility fears as it heads for $10,000

[I]  New York trial threatens to aggravate Turkey-US relations

[I]  Power struggle erupts at US consumer body

[I]  South Korea’s penniless pensioners face final years in crisis

[I]  Germany’s Schulz puts stronger EU on coalition wishlist

[I]  Mexico finance minister quits to run for president

[I]  EU warned it is ill-prepared for African migration rush

[I]  Regulator apologises for ‘Basel IV’ bank rules delay

 

REUTERS

[I]  Indian steel firms can meet railways' needs: government panel

[I]  As Brexit nears, new London office construction slows: survey

[I]  Fed's Kashkari says no reason to 'tap brakes' on U.S. economy

[I]  Trump's tax bill balloons deficit, hurts poor: analysts

[I]  U.S. oil falls on Keystone restart, doubts about Russia's resolve

[I]  Indonesia raises Bali volcano alert to highest level

[I]  S. Korea warns North over armistice 'violations'

[I]  China, wary of market risks, likely to keep GDP target in 2018 - policy sources

[I]  Analysis: Bubble or breakthrough? Bitcoin keeps central bankers on edge

[I]  Bank of Japan's Kuroda calls for steps to develop Asia bond market

 

BLOOMBERG 

[I]  Singapore Is Losing Home Advantage in IPO Battle With Hong Kong

[I]  Oil Sleeps Through Saudi-Iran Spat and Imminent OPEC Meeting minutes ago

[I]  London Homes Are Now Less Affordable Than Ever Before

[I]  Bill Gates Calls Detained Saudi Prince Alwaleed an ‘Important Partner’

[I]  Here Are Some Worrying Charts About Sweden's Housing Market

[I]  Bond Traders Start to See Crack in Fed's Resolve About Inflation

[I]  Canada's Debt Problem Gets Helping Hand From Economic Boom

[I]  Hedge-Fund Platforms Fear Bitcoin Is a Fad Like Tamagotchi

[I]  A ‘Completely Flat’ Yield Curve and Record-Low Yields Lie Ahead in 2018

[I]  Businesses Are Still Investing Billions in Refugee Crisis-Hit Myanmar

[I]  Struggling Companies Signal a Slow Recovery For Indian Growth

[I]  Asia Investors Get a Warning on Perpetual Bonds

[I]  China and Tech Join Forces to Make Up 2017's Top-Performing Equity ETF

[I]  The Big Banks Still Like Asian Equities

 

BUSINESS LINE

[I]  Only ‘errant promoters’ need fear Insolvency Code: Centre

[I]  Relief to tax payers: CBDT allowed to withdraw cases with retrospective effect

[I]  With revenues up 26% in 2016, music industry on a song, says IFPI study

[I]  Govt looks to lower tax burden on mid-size, large companies

[I]  ADB expects Indian economy to recover, grow at 7% this fiscal

[I]  It’s women first at Entrepreneurship Summit

[I]  For exporters, GST whips up more storm in a tea cup

 

ECONOMIC TIMES

[I]  Tax advisers may come under I-T department scanner

[I]  Banks' credit provisions to rise to Rs 2.6 lakh crore in FY18: Icra

[I]  Fund raising via debt placement dips 37% to Rs 44,000 crore in Oct

[I]  Crude vulnerable to profit-taking; Opec output cuts to guide oil market

[I]  India's export competitiveness at a decade low: Crisil

[I]  Traders say delay of billions in tax refunds slows India exports

[I]  GDP growth likely to improve to 6.2 pc in Q2: Ficci survey

[I]  Why China produces more entrepreneurs than India

[I]  View: Serve-in-India not Make-in-India is need of the hour

[I]  Another twist in Insolvency as NCLT passes a new order

[I]  India, Greece to deepen cooperation in energy, aviation

[I]  Suresh Prabhu asks industry to set a timeline for $ 1 trillion mfg revenue

[I]  Govt begins review of tax, other norms for startups

 

BUSINESS STANDARD

[I]  I-T dept moves against hoarders: Unsold realty inventory may be taxed

[I]  Srikrishna panel moots data privacy authority

[I]  GST collection lowest for October at Rs 83,346 crore

[I]  Best year for IPOs leaves investors high and dry

[I]  Big 3 headed towards controlling 95% of telecom revenues

[I]  Textile exports may fall 10-15% in FY18 following paring of tax exemptions

[I]  Govt eases transfer pricing dispute settlement

[I]  Crisil's urges focus on labour-intensive sector's issues as exports fall

[I]  South India tea exporters hit as Rs 100-cr GST refund still stuck with govt

[I]  Willing to extend all Aadhaar linking deadlines to March 31: Centre to SC

[I]  Capex of Centre, states may have slowed in Sept quarter

[I]  PSBs may face Rs 40,000-cr loss due to bad loans

[I]  Govt to prematurely redeem Rs 30k cr of papers

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10382;  USDINR DGCX: 64.5000;  DJIA Mini: 23541;  FTSE 100 Fut: 7388;  NIKKEI 225 Fut: 22431;  EUR-USD: 1.1903; Crude Oil (WTI): 57.87;  Gold (Spot): 1295

 

Best Regards, ARBIND

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