MACRO ECONOMIC NEWS

Macro Economic News 07 Dec 2017

 

FINANCIAL TIMES

[I]  Big banks push back on launch of bitcoin futures

[I]  Brussels calls for creation of European Monetary Fund

[I]  Republicans move to calm business fears on tax reform

[I]  Japan rethinks care as it confronts ‘pandemic of dementia’

[I]  S Korea industry’s deadly conditions built on culture of cover-up

[I]  Brexit and outmoded education put UK’s tech ambitions at risk

 

REUTERS

[I]  RBI keeps repo rate on hold

[I]  European financial markets' revamp to cost its banks $4.4 billion a year: report

[I]  Insight: Cambodia goes all-in on China in casino port city

[I]  Exclusive: EU parliament details UK concessions on rights

[I]  North Korea says U.S. threats make war unavoidable on Korean peninsula: KCNA

[I]  Japan manufacturers' mood steady in positive sign for BOJ tankan: Reuters Tankan

[I]  Britain has not formally assessed impact of Brexit on economy: Brexit minister

[I]  EU urges internet companies to do more to remove extremist content

[I]  China pledges "significant" market opening for foreign investors

[I]  In ruins of Greek economy, factories turn to exports to grow

 

BLOOMBERG 

[I]  Bond Traders Home In on Inflation Mystery as the Key to Winning 2018

[I]  Banks May Lose Up to 15% of Europe Stock Trading Revenue Under MiFID

[I]  Most British Businesses Expect Higher 2018 Costs Because of a Weak Pound

[I]  Bitcoin Breaches $13,000 as Futures Move Closer to Reality

[I]  Trump Recognizes Jerusalem as Israeli Capital in U.S. Shift

[I]  China's Central Bank Not Likely to Budge This Time on Fed Hike

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

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

[I]  In the World's Strangest Bull Market, Most Stocks Are Falling

[I]  Jakarta Promises Pain for Drivers as Vehicle Entry Fees Planned

[I]  China's Push to Trade Oil in Yuan Faces a Key Hurdle

[I]  Mobius Expects 20% Growth in Emerging Markets

[I]  Bank Indonesia Sees No Need for Policy Move If CPI in Target

[I]  Easy Cash Ends as Indonesian State Firms Asked to Tap Market

[I]  Asia's Booming Bond Market Leaves Distressed-Debt Investors With Few Options

 

BUSINESS LINE

[I]  RBI holds repo rate on inflation concerns

[I]  India Inc pitches for tax rate cut

[I]  India, Japan to form working group on civil nuke deal

[I]  In an uncertain global economy, there is optimism in India: YV Reddy

[I]  Relief for exporters: Higher duty drawback rates to offset taxes

[I]  CA institute to take a crack at defining ‘shell company’

[I]  Russia to support India’s entry into Nuclear Suppliers’ Group

[I]  Brexit deepens UK’s political crisis

[I]  Why hiking duty on agri-commodities is of little import

 

ECONOMIC TIMES

[I]  P-notes investment rises to Rs 1.31 lakh crore in October

[I]  RBI keeps status quo: Full text of 5th bimonthly Monetary Policy Statement of FY18

[I]  Banks seek relief measures for stressed telcos under debt restructuring plan

[I]  RBI warns of fiscal slippage, inflation

[I]  RBI retains economic growth projection at 6.7% for FY'18

[I]  Income tax department to target senior executives who have US bank accounts

[I]  Cash available in system likely to come down next year: RBI

[I]  'Governance reform' must to receive government capital, says RBI Governor Urjit Patel

 

BUSINESS STANDARD

[I]  'December delight': From Alto to Audi, get car discounts of up to Rs 9 lakh

[I]  Insolvency resolution: Top 5 steel firms need to pay Rs 29,000 cr to bid

[I]  Stressed asset buyers may get relief from competition law, MAT

[I]  Let telcos undergoing debt restructuring surrender spectrum: IBA to DoT

[I]  China Construction bets on road projects in India

[I]  India Inc seeks lower corporate tax in pre-Budget meet with FM

[I]  FinMin weighs fiscal cost of corporation tax cut

[I]  Banks get level-playing field in ECB refinance

[I]  We are already on the uptick in terms of credit growth: RBI

[I]  Regulator rationalises card transaction fee

[I]  Liquidity is and will remain comfortable: RBI

 

MARKETS (07:15 am)

[I]  SGX NIFTY Fut: 10086;  USDINR DGCX: 64.7250;  DJIA Mini: 24218;  FTSE 100 Fut: 7356;  NIKKEI 225 Fut: 22442;  EUR-USD: 1.1800; Crude Oil (WTI): 56.17;  Gold (Spot): 1264

 

Best Regards, ARBIND

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