Macro Economic News 27 May 2017

 

FINANCIAL TIMES

[I]  Trump in G7 clashes over trade and climate

[I]  Opec agrees to extend oil supply cuts into 2018

[I]  Republican healthcare plans leave patients anxious

[I]  Trump fails to endorse Nato mutual defence

[I]  A risky time to drive down productivity

[I]  London office tenants hold power over landlords

[I]  India’s tech workers scramble for jobs

[I]  Regulator urges China banks to save ailing companies

[I]  Pound’s losses deepen as UK election polls narrow

[I]  Faith in shared ‘facts’ can be deceptively durable

 

BLOOMBERG 

[I]  California Warns Senate Taking Step to Gut Auto Efficiency Rules

[I]  Brazil Outlook Lowered to Negative by Moody's on Temer Probe

[I]  Trump to Keep Russia Sanctions, Economic Adviser Cohn Says

[I]  Fight Back Against ‘Robophobia’ On Automation, Modi Adviser Says

[I]  Forget Supersonic. Hypersonic Is the U.S. Military’s New Speed

[I]  Pretty Soon Electric Cars Will Cost Less Than Gasoline

[I]  OPEC Insiders Reel After Key Minister Is Fired During Their Meeting

[I]  China Money Funneled to Far-Flung Homes Flags Bubble Trouble

[I]  China Considers Changing Yuan Fixing Formula to Curb Swings

[I]  Pakistan Hikes Spending as Sharif Eyes Next Year’s Elections

[I]  Luxury Homes in Manhattan Are Finally Getting Cheaper

 

BUSINESS LINE

[I]  Trade in cattle for slaughter axed

[I]  Monsoon onset likely by May 31

[I]  Pharma industry braces for the pain of GST transition

[I]  DIPP gets back power to grant industrial licences for defence manufacturing

[I]  Monsoon to dictate cane area coverage

 

ECONOMIC TIMES

[I]  FPIs, banks are hiring private eyes to keep tab on fraudster staff

[I]  Government buys 29.26 million tonnes of wheat

[I]  Japan's investments in India getting diverse

[I]  Investments of Rs 4 lakh crore for urban development cleared in 3 years: Venkaiah Naidu

[I]  Government to allay India Inc's GST fears via interactive sessions

[I]  Want to assist RBI Governor Urjit Patel? This could be your chance

 

BUSINESS STANDARD

[I]  Govt wants to reduce PF contribution to increase take-home salary

[I]  No review of GST rates, says CBEC chief Vanaja Sarna

[I]  US suspicions worry Indian seafood exporters

[I]  Job losses in IT industry to impact residential real estate

[I]  Forex reserves at life-time high of $379 billion

[I]  FM Arun Jaitley to take stock of NPAs at review meet on June 12

[I]  RBI begins talks with stakeholders on debt recast plan

 

 

Best Regards, ARBIND

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

Macro Economic News 26 May 2017

 

FINANCIAL TIMES

[I]  Trump vows to punish source of Manchester probe leak

[I]  Nigeria moves closer to overhaul of oil sector

[I]  EU adds English teachers’ pay to Brexit bill

[I]  How the Fed plans to unwind massive market stimulus

[I]  US warship tests Beijing claims in South China Sea

[I]  Net migration falls as EU citizens leave UK

[I]  Wall St scales fresh peaks while oil prices slide

[I]  Machine learning set to shake up equity hedge funds

[I]  Dollar bears have more to fear from US data trap

[I]  US energy junk bonds shine as equity investors suffer in 2017

[I]  Sellers of green bond face test of credentials

 

BLOOMBERG 

[I]  Bitcoin Twice as Expensive as Gold as Buying Frenzy Bites

[I]  Higher Energy Costs Nudge Japanese Inflation Up to 0.3% in April

[I]  U.K. Now Sees ‘Special Relationship’ With U.S. as Not So Special

[I]  Hedge Funds Squeezed by World's Highest Rents Are Moving Out

[I]  Brazil’s Car Wash Scandal Reveals a Country Soaked in Corruption

[I]  Most Fed Officials Saw Tightening ‘Soon,’ Favored Unwind Plan

[I]  China's State Media Hits Out at Debt Downgrade With a Buffett Quote

[I]  Teenagers Everywhere Don’t Understand Money

[I]  'Plant Factories' Churn Out Clean Food in China’s Dirty Cities

[I]  Farming the World: China’s Epic Race to Avoid a Food Crisis

[I]  G-7 Divided on Trade in Time of Trump

[I]  May Talks to Trump on Intelligence Leaks as U.S. Vows Probe

[I]  South Korean Consumer Confidence Soars on Moon Election Victory

 

BUSINESS LINE

[I]  Coastal law being watered down at risk to ecology

[I]  Monsoon, corp earnings send markets on a high

[I]  Multinational toy-makers go slow on manufacturing in India

[I]  Railways to seek Cabinet nod for Rs. 35,000-crore development fund

[I]  China still ahead of India in population count: experts

[I]  Net migration to Britain falls in 2016

[I]  January-March quarter sees robust M&A deals: EY study

 

ECONOMIC TIMES

[I]  A Saudi blunder will haunt Opec for years to come

[I]  China's yuan slips to 7th place in global trade finance

[I]  Higher yields could trigger new debt concerns: ECB

[I]  Sugar price rise 'inevitable' due to sugarcane FRP hike: NFCSF

[I]  Failure of debt-laden telecom operators can trigger defaults, bankers tell government

[I]  India retains world's highest FDI recipient crown: Report

[I]  Growth may slowdown in Q4 of FY17; new WPI, IIP numbers may improve numbers: Icra

[I]  India, Japan come up with AAGC to counter China’s OBOR

 

BUSINESS STANDARD

[I]  CEO poll: India Inc gives big thumbs up to three years of Modi govt

[I]  GST regime: Anti-profiteering body likely to be under CBEC framework

[I]  UDAN Indian aviation's biggest achievement in the past year: Jayant Sinha

[I]  Public procurement: Industry waits for $650-bn opportunity

[I]  Karnataka launches Elevate programme to help start-ups scale operations

[I]  Porter offers tips to create jobs in India

[I]  Need argumentative, not intolerant, Indian: Pranab Mukherjee

[I]  NRIs under I-T scanner for exchanging old notes

[I]  Govt tweaks start-up definition, benefits to now flow for 7 years

[I]  Bitcoin trading at over Rs 2 lakh in India as global prices cross $2,500

[I]  After decades of neglect, India builds along China's border

[I]  BMS slams NITI Aayog's 'anti-worker' disinvestment policy for Hotel Janpath

 

MARKETS (7:50 am)

[I]  SGX NIFTY Fut: 9479;  USDINR DGCX: 64.5375;  DJIA Mini Fut: 21043;  FTSE 100 Fut: 7499;  NIKKEI 225 Fut: 19769;  EUR-USD: 1.1191; Crude Oil (WTI): 48.89;  Gold (Spot): 1257

 

Best Regards, ARBIND

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