MACRO ECONOMIC NEWS

Macro Economic News 08 Dec 2017

 

FINANCIAL TIMES

[I]  Chaotic trading marks new surge in bitcoin price

[I]  Jerusalem move exacerbates Middle East tensions 

[I]  New Basel rules on capital hit European banks

[I]  European coal staring into abyss, says climate study

[I]  IMF calls on China banks to boost capital after credit boom

[I]  Republicans wrangle over scale of corporate tax cuts

[I]  Europe must create its own ‘big bazooka’ monetary fund

 

REUTERS

[I]  India to crack down on power theft, fine firms for blackouts

[I]  Japan's third-quarter growth twice as fast as first estimated, outlook brightens

[I]  Trump dangles Middle East peace plan to limit Jerusalem outcry

[I]  Millions would lose mortgage, gift write-offs under U.S. tax bill: study

[I]  Insight - E-sports to chocolates: Chinese cities rush into risky specialisation

[I]  Fed proposes changes to make U.S. bank stress tests more transparent

 

BLOOMBERG 

[I]  South Korea Makes Renewable Energy Push

[I]  Recruiters Call for Brexit Certainty as Jobs Market Tightens

[I]  Europe's Coal Plants Will Bleed More Cash Through Next Decade

[I]  Bitcoin Exchanges Are Buckling While the Price Surges Past $16,000

[I]  Japan’s 3Q GDP Growth Revised Up to 2.5% on Capital Spending

[I]  Pound Tops Buy List for Year That May Bare ‘Sleeping Volcanoes’

[I]  The Great Credit Party Is Almost Over, Societe Generale Says

[I]  What Debt Problem? Chinese Firms in Their Best Shape in Years

[I]  The World's Next Great Cocktail Capital Is in Southeast Asia

[I]  U.S. House Passes Two-Week Spending Bill to Avoid Shutdown This Week

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

[I]  Coffee Growers Are Holding Back Sales Until Prices Climb Back Up

[I]  China's Reserves Extend Rising Streak Amid Yuan Stability

 

BUSINESS LINE

[I]  FinMin allays depositors’ fears on bank ‘bail-in’ provision

[I]  Deadline for Aadhaar linking to be extended to March 31

[I]  Centre coaxes States to cut power tariff slabs

[I]  A worried CBDT directs officials to ramp up tax-collection efforts

[I]  WTO Ministerial: Prabhu has a battle on his hands

[I]  IRDAI to study scope of wearable devices in health insurance sector

[I]  Rupee trading sees 63% jump in Singapore bourse

[I]  Call to raise insured amount on bank deposits to Rs. 10 lakh

[I]  No specific fiat to banks on minimum balance in savings accounts: RBI

 

ECONOMIC TIMES

[I]  Taxman may invoke Benami Act for unexplained credits, investments

[I]  Thanks to RBI, swiping your card at the local kirana store might soon become expensive

[I]  Planning to buy a car next year? You may want to reconsider. Here's why

[I]  Four-fold increase in paddy procurement in UP

[I]  November credit offtake at a three year high

[I]  Pressure on India as 15 countries seek e-commerce talks at WTO

[I]  India's new envoy invites Chinese investments

[I]  Resistance within government to universal social security payments

[I]  Phone bills won’t haunt on foreign jaunts

[I]  Government eases norms for private jets flying abroad

[I]  Finance ministry says new FRDI Bill won't take away your money in the bank

[I]  Government to extend Aadhaar linking deadline to March 31; Apex Court to hear plea next week

 

BUSINESS STANDARD

[I]  Govt may hold plan to ease hire-and-fire

[I]  Most suspected shell firms get a clean chit

[I]  Complications in GST anti-profiteering rules

[I]  Credit offtake outstrips deposit growth

[I]  Prime business hubs see office rental growth

[I]  Centre tries to allay FRDI Bill concerns

[I]  Sebi proposes to allow MFs and portfolio managers in commodity derivatives

[I]  Investor flow into equity mutual funds at Rs 20,308 cr in November

[I]  Sebi to ask listed firms to record minute financial details

[I]  Promoters cash in on market rally, offload shares to pare debt

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10212;  USDINR DGCX: 64.6500;  DJIA Mini: 24249;  FTSE 100 Fut: 7312;  NIKKEI 225 Fut: 224747;  EUR-USD: 1.1765; Crude Oil (WTI): 56.62;  Gold (Spot): 1249

 

Best Regards, ARBIND

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