Saturday 20 May 2017

Macro Economic News 20 May 2017


 


[I]  Dollar suffers worst week in year on Trump nerves

[I]  Iran votes in election seen as referendum on Rouhani

[I]  Brazil shares tumble on Temer bribery claims

[I]  Hardliners illustrate high stakes in Iran poll

[I]  The Big Green Bang: how renewable energy became unstoppable

[I]  Week of chaos leaves Trump’s party hoping for a break

[I]  Trump set to conclude $10bn Saudi arms sale

[I]  Call for transparency on ECB corporate bond buying

[I]  Short sellers brave Hong Kong market once again

[I]  Europe nears decision on base for euro clearing

 


[I]  Toronto Housing Market Slows After New Tax, Home Capital Woes

[I]  Why Rate Increase Is No Answer to 30 Percent Inflation in Egypt

[I]  Comey Agrees to Testify to Senate as Trump's Crisis Week Endures

[I]  Asia Watching Fate of Nafta Amid Trump Review, Malaysia Says

[I]  Americans Are Paying $38 to Collect $1 of Student Debt

[I]  Americans Die When They Have to Work at Being Healthy

[I]  Saudi-U.S. Ties Shift as Kingdom Turns to Trump for Investments

[I]  Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising?

[I]  RBI Says Infusing Funds Into India Lenders Won't Solve Debt Mess

[I]  From Tea to Tobacco, India Releases New Tax Rates for Goods

[I]  In Corruption-Hardened Brazil, New Revelations Still Shock

[I]  Trump's Budget Aims for Balance Through Steep Cuts, Growth

[I]  Modi's Oil Champions on Track to Match $16 Billion Spending

[I]  Rupee Plunges Most in 11 Months as Risk Off Hits Indian Markets

[I]  Abe's Womenomics an 'Embarrassment': Japan Opposition Chief

 


[I]  Under GST, a 4-tier tax slab for services

[I]  FinMin warns firms against ‘profiteering’

[I]  In FY17, FDI inflows hit a new peak of $ 60 b

[I]  Steel prices to go up marginally

[I]  Telecom services set to cost more

[I]  Lower service tax on economy class to boost air traffic

[I]  Marine fish catch up 6.6% in volume, 20% in value

[I]  Rajasthan seeks Centre’s nod to help distressed onion farmers in State

 


[I]  Banks’ cost of funds falls sharply since Demonetisation

[I]  OPEC panel looking at deepening, extending oil cuts - sources

[I]  Five banks look to raise $3 billion through foreign bond sales

[I]  Economy growing at over 7%, while jobs increase by only 1.1%

[I]  Double trouble for telecom sector: Both phones and phone bills to get costlier under GST

[I]  Treat first 9 months under new tax regime as trial period: CAIT

[I]  States asked to complete NREGA FY17 audit by September

[I]  Financial services transaction fees set to increase under GST

[I]  GST: Most mobile phones to get costlier unless govt restores local manufacturing sops by July 1

 


[I]  GST Council fits close to 500 services under four slabs

[I]  FPI holdings from Singapore, Mauritius surge 25% before DTAA implementation

[I]  Inflation to see a dip under GST regime: Arvind Subramanian

[I]  GST: Concept of luxury expands; paints, chocolates under 28%

[I]  E-commerce players loses GST rate battle after levy of 1% TCS on sellers

[I]  PM Modi's Digital India intiative: Work in progress

[I]  Telephone user base grows 0.51% to 1.19 billion in March

[I]  June 30 deadline for Aadhaar not to be extended: Govt to Supreme Court

[I]  Electoral bonds a retrograde step, says EC to parliamentary panel

[I]  Fix corporates first to lift credit flow, says Viral Acharya

[I]  Forex reserves down $443.6 mn to $375.27 bn due to fall in currency assets

[I]  How three years of Modi have taken us back to the 1940s

[I]  As deadline looms, experts find way to unlock ransomware files

 

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Friday 19 May 2017

Macro Economic News 19 May 2017

 


[I]  Trump crisis grows as Congress seeks Russia evidence

[I]  ‘Centipede​’ of Trump scandals frays Republican nerves

[I]  Could Donald Trump really be impeached?

[I]  Timeline: how the Comey furore unfolded

[I]  Norway’s oil fund needs governance upgrade

[I]  Oil market rebalancing needs ‘much work’, says IEA

[I]  Germans are right to be nervous over soaring Dax

 


[I]  China Snub Sees Singapore Miss Out on Belt-Road Billions

[I]  Investors Think Twice About Deals With Trumps and Kushners

[I]  Brazil's Assets Dive as Political Crisis Engulfs President Temer

[I]  The Volatility Buyer Known as '50 Cent' Just Had a Huge Payday

[I]  A $60 Billion E-Commerce Loophole in China May Be Narrowing

[I]  Risky and Complex U.S. Loan Wagers Are Red Hot in Low-Yield Asia

[I]  China's Using the Yuan to Combat Risk of a Wider Market Meltdown

[I]  India Clears Major Hurdle to Introduce GST on July 1 Deadline

[I]  U.S. Seeks to Shift Trade Tides With Nafta Overhaul

 


[I]  End of the road in India for GM

[I]  Cheaper foodgrains make for GST bonanza

[I]  Exports help company beat the domestic skid

[I]  Workers angry and disappointed as ‘secure future’ turns a mirage

[I]  Domestic airlines carried 15% more passengers in April

[I]  We are exploring rupee trade with partners: Sitharaman

[I]  Monsoon enters Bay, may wait a bit before resuming journey

[I]  America’s cars are suddenly getting faster and more efficient

[I]  RBI okays part-time bank branches

 


[I]  GST: Small-car buyers will have to shell out more, SUV's to cost less

[I]  India may take fight to UN Security Council if Pakistan defies ICJ verdict on Jadhav

[I]  No socioeconomic benefits in India after electrification

[I]  Extend Jan Dhan model to mutual fund industry: BSE chief

[I]  Dollar at 6-month low as Washington rocked by probe into Trump campaign

[I]  Top bond dealer says big profit days in Indian debt market over

[I]  Customers to gain as Airtel, Reliance Jio slug it out in broadband space

[I]  Rates on services will determine impact on inflation

[I]  Highway projects worth Rs 5 lakh crore planned in 2 years

[I]  Common man items to get cheaper under GST; cars, consumer durables to attract 28% tax

[I]  CPSEs may have to shell out extra dividends, go for buybacks

[I]  Fugitive economic offenders bill out in public domain, feedback sought

[I]  81% items to be taxed below 18% rate under GST: Government

 


[I]  12-18% GST rate for most products; foodgrain exempted, 5% tax on coal

[I]  Uncertainty over retail, IT biz valuations stump Street

[I]  New GST rules provide clarity on 3 issues

[I]  China is building its way to an empire

[I]  Gold smuggling back on track as cash availability improves

[I]  Equity MFs' cash component hits 6.5% as shares hover at all time high

[I]  Onion acreage may shrink owing to weak prices

 

MARKETS (6:50 am)

[I]  SGX NIFTY Fut: 9448;  USDINR DGCX: 64.9950;  DJIA Mini Fut: 20640;  FTSE 100 Fut: 7442;  NIKKEI 225 Fut: 19510;  EUR-USD: 1.1110; Crude Oil (WTI): 49.47;  Gold (Spot): 1250

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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