MACRO ECONOMIC NEWS

Macro Economic News 06 Dec 2017

 

FINANCIAL TIMES

[I]  US oil industry pledges to cut emissions

[I]  Irish dispute triggers Tory battle on Brexit destination

[I]  ECB set to rethink plan for curbing eurozone bad loans

[I]  Japan trade unions resist Abe’s call for bigger wage increases

[I]  Australia targets threat from foreign influence

[I]  Lebanon’s prime minister formally revokes his resignation

[I]  US tax reform will benefit shareholders more than workers

[I]  Theresa May’s Brexit strategy risks fracturing the United Kingdom

[I]  Blocking a Brexit divorce deal is a high-stakes game

 

REUTERS

[I]  Preview: RBI, wary on inflation, set to keep rates on hold

[I]  LIC to slow stock investments after bumper buy

[I]  Oil dips on rising U.S. fuel stocks, but OPEC's supply cuts offer support

[I]  PBOC expert cautions central banks against too low for too long interest rates

[I]  China's commercial banks need to focus more on small businesses: regulator

[I]  Hundreds of homes destroyed by out-of-control California wildfire

[I]  Japan to help finance China's Belt and Road projects: Nikkei

[I]  RBI reiterates warnings about trading in bitcoins

[I]  India services activity slumped in November on higher prices

 

BLOOMBERG 

[I]  Fatal Flood Leaves Saudis Asking When Their Prince Will Deliver

[I]  Singapore Property Bulls Ignore Central Bank's Warning

[I]  U.S. Trade Deficit Is Widest Since January

[I]  ‘Big Data’ Tells Thailand More About Jobs Than Low Unemployment

[I]  Toronto Housing Prices Fall Amid Growing Pool of Homes for Sale

[I]  Australia's Economy Grows Slower Than Forecast

[I]  India's Detroit Struggles as New States Become Growth Drivers

[I]  Japan Prepares for Bitcoin Futures

[I]  Indonesia Needs Aggressive Fiscal Policy, Former Minister Says

 

BUSINESS LINE

[I]  Higher export relief for labour-intensive sectors

[I]  Why foreign investors love corporate bonds

[I]  How the dynamics between GST and inflation will play out

[I]  Sharp rise in long-distance coal movement by Railways in October

[I]  India, Israel to open centre for floriculture in Tamil Nadu

[I]  Start-ups, win this challenge and go places

[I]  Call to empower RBI to name defaulters who owe more than Rs. 1 crore

 

ECONOMIC TIMES

[I]  LIC invests Rs 44,000 crore in equity markets in Apr-Nov

[I]  India says debt rollover risk in next 5 years low

[I]  Jaitley kicks off pre-budget talks with unions and farmer groups

[I]  Agri experts pitch for income security for farmers in Budget

[I]  Sugar off-take to increase soon; ISMA

[I]  Deregistered companies shifted Rs 21,000 crore during note ban

[I]  Government's public debt rises by 2.53% in July-September quarter

[I]  India's containerised foreign trade surges 10% in Q3 2017

[I]  China woos India with 'mega-scale regional market' offer

[I]  India, Japan holds maiden Act East Forum meet, eyes to stabilise Indo-Pacific region

[I]  Rs 7,500 crore Bandra-Versova sea link plan cleared

[I]  Exporters get Rs 8,450-crore boost in Foreign Trade Policy review

[I]  Direct selling can be regulated under new consumer bill: Government

[I]  Soon, imported items may be released without upfront payment of duty

 

BUSINESS STANDARD

[I]  Own a car? Say goodbye to LPG subsidy soon

[I]  Onus on rating agencies to reveal loan defaults

[I]  Foreign Trade Policy: More incentives for exports, focus on ease of trading

[I]  IT margins to remain under stress till 2020 as competition is high: Icra

[I]  Govt simplifies export procedures

[I]  Single authority to issue GST refund for exporters: Adhia

[I]  Incentive push for exports likely to boost employment

[I]  CFO optimism for Oct-Dec sees improvement: Report

[I]  Start 'Operation Veggie' to ensure stability in prices: Agri experts to FM

[I]  PMI services drops to 3-month low in November as GST cools demand

[I]  Lenders may go slow on referring SMEs to NCLT

[I]  14% rise in corporate debt under stress

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10113;  USDINR DGCX: 64.5525;  DJIA Mini: 24180;  FTSE 100 Fut: 7312;  NIKKEI 225 Fut: 22427;  EUR-USD: 1.1827; Crude Oil (WTI): 57.38;  Gold (Spot): 1266

 

Best Regards, ARBIND

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