Macro Economic News 29 Jul 2017

 

FINANCIAL TIMES

[I]  Trump lashes out over healthcare reform failure

[I]  US considers plan to cap nicotine levels in cigarettes

[I]  Saudi youth anxious to see progress on reform plan

[I]  Rudd promises to keep door open for EU workers

[I]  Greek bond sale wins rare praise from Germany

[I]  EU deals blow to holdout members over refugees

[I]  Sri Lanka to sell port to China on easing India fears

[I]  China agency targets high-tech weapons development

[I]  UK banks set aside further £1.5bn for PPI rush

 

BLOOMBERG 

[I]  Kim Jong Un Says Entire U.S. Within Striking Range

[I]  U.S. Adds Sanctions on Iran Over Ballistic Missile Program

[I]  Oil Prices May Stay Low ‘Forever’

[I]  FDA Targets Cigarettes in Broadening of Fight Against Addiction

[I]  Libor Funeral Set for 2021 as FCA Abandons Scandal-Tarred Rate

[I]  There’s a New Reason Indian Tourists Are Flocking to Singapore

[I]  Trump to Sign Russia Sanctions, Avoiding Face-Off With Congress

[I]  Foreign Credit Traders Just Can't Quit America

[I]  Thailand's Tourist Boom Puts a Strain on Its Airports

 

BUSINESS LINE

[I]  Govt to tighten structuring of companies as shell firms surge

[I]  CAG punches holes in recapitalisation of PSBs

[I]  Don’t treat freebies to docs as biz expense: CAG

[I]  New telecom policy will be ready by March next year: Telecom Secretary

[I]  CMFRI to set up brood banks of marine fish

 

ECONOMIC TIMES

[I]  India among top nations with potential for digital payments: Digital Evolution Index

[I]  Government collected Rs 2,35,308 crore as cesses in 2016-17

[I]  POLL-Low inflation to encourage India central bank to cut rates next week

[I]  Vietnam eats into India's cashew export plans

[I]  BRICS heads of revenue sign tax cooperation pact; hail India's GST

[I]  India against World Bank field checks on reforms

[I]  No news on Rs 2,000 note 'withdrawal', Rs 200 to be issued soon: MoS Finance Santosh Gangwar

[I]  Government mulls extending July 31 deadline for income tax returns

[I]  18 probes assigned to SFIO based on market research

 

BUSINESS STANDARD

[I]  Facing CAG heat, Indian Railways to go for a 'blanket ban' in AC coaches

[I]  Monsoon wreaks havoc; erratic rain may impact 2-mn hectare crop area

[I]  Govt to roll out direct benefit transfer for fertilisers by March

[I]  Lok Sabha passes bill that seeks to give more autonomy to IIMs

[I]  Farm distress to feature big in next week's Economic Survey

[I]  RTI comes in way of civil servants giving advice to govt: Arun Jailtey

 

 

Best Regards, ARBIND

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

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Macro Economic News 28 Jul 2017

 

FINANCIAL TIMES

[I]  Saudi youth anxious to see progress on reform plan

[I]  Regulator calls on banks to replace Libor by 2022

[I]  Brexit transition plan reflects cabinet power grab

[I]  Spain unemployment rate falls to 8-year low in Q2

[I]   Japanese faced with little alternative to flagging Abe

[I]  Fed nominee backs bank call for stress test changes

[I]  Swedish government struggles to overcome another crisis

[I]  Australia targets arms exports amid defence splurge

[I]  Australia in crosshairs over end of easy money

[I]  ECB stimulus spend set for seasonal August dip

 

BLOOMBERG 

[I]  Europe's Butter Mountain Has Melted Away

[I]  Congo Is About to Destroy the State Monopoly on Insurance

[I]  There's a New Reason Indian Tourists Are Flocking to Singapore

[I]  Nothing Short of Rate Cuts Can Slow the Aussie Dollar Down

[I]  London Just Broke a Property Price-Tag Record

[I]  Growth-Starved Utilities Have Found a New Way to Make Money

[I]  Japanese Inflation Stalls Even as Job Market Tightens

[I]  U.S. Missile Defense Looms Over Lotte Just as Debt Rises

[I]  India Trade Ministry Sees Scope for Lowering Gold Import Tax

[I]  China Bond Opening Fails to Spur Asian Funds Wary of Policy

 

BUSINESS LINE

[I]  Turf war rages between CCI and TRAI over telecom tariffs

[I]  WTO deadline: Centre to tweak textile export sops

[I]  Company Law: Investment companies’ layering restrictions to stay

[I]  Major ports asked to undertake cyber security audit

[I]  Futuristic Infantry Combat Vehicle deal may be finalised by month-end

[I]  New port regulator seen to enjoy wider scope, more ‘teeth’

[I]  Aadhaar-bank account seeding soars but benefit transfer rate lags

[I]  India may have already become a 4% inflation economy: HSBC economist

 

ECONOMIC TIMES

[I]  India's M&As make new record in January-June

[I]  Rice procurement target fixed higher at 37.5 MT for 2017-18

[I]  No respite from high tomato prices for next two weeks

[I]  Government saves Rs 57,000 crore by plugging loopholes by use of technology

[I]  Government targets $60 billion gems and jewellery exports by 2022

[I]  No tax on tax: Here's how this GST mechanism will work

[I]  Government may reduce import duty on gold due to reduced trade deficit

[I]  India commits itself to universal and sustainable social security system

[I]  Nearly a month under GST, businesses still unclear about tax rules

[I]  Niti Aayog clears six proposals for high-tech public transport

 

BUSINESS STANDARD

[I]  Markets bet on surge in earnings growth

[I]  Chinese firms extend dominance in smartphones with 45% local market share

[I]  SC allows settlement between parties even after case is admitted under IBC

[I]  Metros in Tier-II cities open business opportunities

[I]  FSSAI issues red flag against pepper imports from Vietnam via Sri Lanka

[I]  Reserve Bank extends 'rest' period for auditors to 6 years

[I]  After yoga, Centre plans to tap khadi to boost India's growing soft-power

[I]  Privacy by choice

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 9995;  USDINR DGCX: 64.4050;  DJIA Mini: 21698;  FTSE 100 Fut: 7339;  NIKKEI 225 Fut: 19995;  EUR-USD: 1.1685; Crude Oil (WTI): 48.96;  Gold (Spot): 1259

 

Best Regards, ARBIND

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

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

Macro Economic News 27 Jul 2017

 

FINANCIAL TIMES

[I]  Fed prepares to unwind crisis-era stimulus

[I]  EU cries foul at US vote to tighten Russia sanctions

[I]  Greek bond sale wins rare praise from Germany

[I]  EU deals blow to holdout members over refugees

[I]  Sri Lanka to sell port to China on easing India fears

[I]  Lebanon hopes to benefit from Chinese aid for Syria

[I]  Ireland weighs post-Brexit energy security options

[I]  US profit prowess leaves European groups in shade

[I]  Zeal for US corporate debt near post-crisis high

 

BLOOMBERG 

[I]  Britain Wants to Know What EU Workers Do to the Economy

[I]  European Criminals May Benefit From Cliff-Edge Brexit

[I]  Crisis-Plagued Europe Sees a New Dawn After Greek Market Return

[I]  South Korean Economy Slows From Fastest Expansion Since 2015

[I]  Fed Says Balance-Sheet Unwind to Start ‘Relatively Soon’

[I]  The Market Will Kill Oil Before the Government Does

[I]  Outlook for Asia's Worst-Performing Currency Gets Grimmer

[I]  What the FOMC's Statement Signals About Fed Policy

[I]  Japan Doesn't Need Fiscal Stimulus, Economic Adviser Says

[I]  China Plans Rollover of Bonds Backing Sovereign Fund

 

BUSINESS LINE

[I]  FinMin asks PSBs to work together to hive off consortium loans gone bad

[I]  Costlier veggies could push up July inflation marginally

[I]  India is underperforming in infra spends, says report

[I]  Cabinet clears Minimum Wage Code Bill

[I]  PM job scheme: CAG blames MSME Ministry for delayed release of funds

[I]  CA Institute forms group to improve disciplinary process

[I]  Govt hikes investment limit for gold bond scheme

[I]  Centre to conduct fresh study on fertiliser DBT

[I]  Banks lending to housing segment loses steam

 

ECONOMIC TIMES

[I]  Corporate bonds attract bids worth USD 1.15 billion from FPIs

[I]  Declining telecom income may impact government's revenue: Manoj Sinha

[I]  Demonetisation crackdown round two: Tax sleuths target corporate accounts

[I]  Cabinet clears minimum wage code bill; 4 crore employees likely to get benefits

[I]  I-T department to share companies' tax info with corporate ministry

[I]  E-authentication a must to curb Aadhaar frauds: UIDAI Chief Ajay Bhushan Pandey

[I]  GST impact: Over 25% of trucks idle amid drop in interstate movement

[I]  Niti Aayog clears six proposals for high-tech public transport

 

BUSINESS STANDARD

[I]  Drug sales subdued in July over lingering GST issues

[I]  Auto firms put chiefs' pay on the fast track; bosses earn portion of profit

[I]  Now, gold importers misusing FTA route for money laundering

[I]  Torrential rain, flood damage 25% kharif sowing in Gujarat

[I]  CBDT issues clarifications for MAT calculation

[I]  Regulators team up for financial inclusion

[I]  Cabinet liberalises norms, sovereign gold bonds to soon be available on tap

[I]  Right to Privacy can be fundamental right with some riders: Govt to SC

[I]  US Fed holds rates steady

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10038;  USDINR DGCX: 64.2600;  DJIA Mini: 21658;  FTSE 100 Fut: 7390;  NIKKEI 225 Fut: 20093;  EUR-USD: 1.1745; Crude Oil (WTI): 48.69;  Gold (Spot): 1264

 

Best Regards, ARBIND

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

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