Macro Economic News 08 Jul 2017

 

FINANCIAL TIMES

[I]  ECB minutes stir debate over retreat from QE

[I]  Dealmaker linked to Trump assists laundering probe

[I]  Trump criticises Russia ahead of G20 Putin meeting

[I]  Violence casts shadow over G20 meeting

[I]  Trump refuses to give up on China help over N Korea

[I]  Merkel says G20 summit must ‘make clear differences’

[I]  Decade shows case for UK rates is normally wrong

[I]  M&S climbs as retailing data boost optimism

 

BLOOMBERG 

[I]  Theresa May to Renew Push for Her Vision of Brexit Britain, Official Says

[I]  U.K. Wants to Insure Poorer Nations Against Natural Disasters

[I]  Carmaker Fines for Fuel Economy Shortfalls Under Review by U.S.

[I]  Tax Rule Aimed at Corporate ‘Earnings Stripping’ Under Review

[I]  U.S. Wages May Be Tepid, But Hours and Payrolls Are Firm

[I]  Yellen's Bet on Pulling Workers Back to the Labor Force Is Paying Off

[I]  U.S. Hiring Accelerates While Wage Growth Stays Flat

[I]  Australia to Speed Missile Defense Development, Turnbull Says

[I]  Burns Sees World Leaders ‘Jockeying for Power’ at G-20

[I]  Russia Is the Biggest Loser in G-20 Stock Markets

 

BUSINESS LINE

[I]  Even your phone, credit card bills for June may attract GST!

[I]  Cyber attacks leave firms scrambling for cover

[I]  Half the firms listed on regional stock exchanges are untraceable

[I]  Indian IT sector to reach $350 b by 2025; products to drive growth

[I]  Good monsoon boosts sowing

[I]  Rubber output surged 23% in 2016-17

 

ECONOMIC TIMES

[I]  Sebi norms for P-Notes having derivatives as underlying asset

[I]  Sugar prices at one-year high on robust demand, thin supply

[I]  India's May tea output rises 18.4% YoY - Board

[I]  Acreage under kharif crops up 11% in 1 week

[I]  Foreign exchange reserves go up $4 billion, reach a record high

[I]  Collection not satisfactory, pull your socks up: CBDT to taxmen

[I]  Rise in protectionism threatens gains from globalisation: Narendra Modi

[I]  Anti-profiteering sleuths visit retailers, wholesalers, malls

[I]  Gujarat HC frowns over directive asking banks to initiate bankruptcy proceedings, RBI on back foot

[I]  Have zero tolerance on NPAs; fight cases: Finmin to banks

[I]  CBDT moots special plan to dispose of 3 lakh pending cases

 

BUSINESS STANDARD

[I]  India Inc's investment growth hits 25-year low

[I]  Good news for flyers, airlines: Reduced fees to make Delhi airport cheaper

[I]  Luxury car market gets back on track

[I]  Loan waiver, GST rates to push tractor sales to all-time high in FY18

[I]  Steel output in June quarter grows 4.3% to 24.73 mt

[I]  GST impact: Airlines, cab aggregators grapple with higher lease payouts

[I]  Pulses sowing area rises 23% in Kharif season due to favourable monsoon

 

Best Regards, ARBIND

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

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Macro Economic News 07 Jul 2017

 

FINANCIAL TIMES

[I]  Macron puts MPs in line of fire for reform

[I]  Frankfurt offers ‘risk takers’ Brexit exemptions

[I]  Britain yet to face facts on Brexit, Barnier warns

[I]  China loses ‘soft power’ edge ahead of G20 summit

[I]  Why the EU’s agreement with Japan is a big deal

[I]  Zambian president invokes emergency powers

[I]  Singapore’s Lee family calls truce over feud

[I]  Stocks unsettled as government bond yields climb

[I]  Commodity investors embrace algorithmic trading

[I]  Swiss Re shifts $130bn portfolio to ethical indices

 

BLOOMBERG 

[I]  BOJ Conducts First Fixed-Rate Bond Purchases in Five Months

[I]  Qatar Rejection of Demands Shows Terror Support, Saudi Bloc Says

[I]  Alcohol Bans, Internet Blackouts Greet Election Day in Mongolia

[I]  U.S., Japan, South Korea to Press China Over North Korea Threat

[I]  It's Boom Times for Recruiters After U.S. Job Market Tightens

[I]  These U.S. States Still Haven’t Fully Recovered From Recession

[I]  Hong Kong Braces for Higher Rates as Currency Losses Quicken

[I]  Reasons You Shouldn’t Worry About Money Flowing Out of China

[I]  IMF Struggles to Shake Off Stigma 20 Years After Asia Crisis

[I]  Singapore to Delay Market Risk Rules for Banks, Reuters Says

[I]  China Trapping U.S. at Trade Table With 100-Day Sweetener Talks

[I]  China Bond Defaults Work Wonders to Spur Pricing for Risk

[I]  Singapore Luxury Home Prices Show Recovery Signs, Developer Says

[I]  Never Mind the Sanctions, You Can't Ignore the Ruble Carry

 

BUSINESS LINE

[I]  Check-posts are gone, but truckers face barriers

[I]  Businesses may face liquidity crunch under GST

[I]  Finance Ministry aims to set up anti-profiteering body by August

[I]  OECD’s role in curbing ‘profit shifting’ by MNCs

[I]  Direct tax mop-up rises 14.8% in April-June

[I]  Kerala venture combines farming, fishing and livestock rearing

[I]  Monsoon poised over N-W before completing initial run

 

ECONOMIC TIMES

[I]  Net income tax collection rises 14.8 per cent to Rs 1.42 lakh crore in Q1

[I]  Pacts worth $4.3 bn inked at India-Israel CEO forum: Ficci

[I]  India to be base to economic pole of global growth: Study

[I]  View: India can tout a big reform, but not yet reformers

[I]  RBI makes card, online payments safer; customer liability cut

[I]  Mauritius keeps tax treaty with India outside purview of MLI

[I]  Government seeks to clear way as exports trip on rules

[I]  Economists disagree over claims of jobless growth

[I]  Government bans practice of dual MRP at airports, malls

[I]  GST: Rs 20 lakh registration exemption not for inter-state traders

[I]  SC gives government six months to show results of PM's crop insurance scheme

[I]  Government exempts SEZs from integrated GST

[I]  India considers private cars for ridesharing to cut traffic

 

BUSINESS STANDARD

[I]  Car makers see dip in demand from biggest buyers

[I]  Private equity firms cash in on equity boom

[I]  G20 summit: China says atmosphere not right for a Xi-Modi meeting

[I]  GST refund: Govt to make provisions for reimbursement in excise-free zones

[I]  Mauritius gives stability to tax deal with India

[I]  India likely to clock GDP growth of 6.9% this FY, says report

[I]  Compensate customers for online frauds: RBI tells banks

[I]  Demonetisation effect: Direct tax mop-up grows 15% to Rs 1.42 lakh cr in Q1

[I]  Govt to push e-education with 4 digital initiatives

[I]  Monsoon session: Bank, bankruptcy reforms, Nabard Bill amendment on agenda

 

MARKETS (08:50 am)

[I]  SGX NIFTY Fut: 9647;  USDINR DGCX: 64.9150;  DJIA Mini: 21291;  FTSE 100 Fut: 7252;  NIKKEI 225 Fut: 19966;  EUR-USD: 1.1413; Crude Oil (WTI): 44.95;  Gold (Spot): 1221

 

Best Regards, ARBIND

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

RSS Feed - http://feeds.feedburner.com/MacroEconomicNews