Macro Economic News 04 Aug 2017

 

FINANCIAL TIMES

[I]  Venezuela opposition leaders taken from their homes

[I]  Trump tax reform plan heads into quagmire

[I]  Brexit uncertainty is holding back investment, Mark Carney warns

[I]  Rouhani vows to improve Iran’s relations with outside world

[I]  US tax reform hopes become mired in foreign cash piles

[I]  Czech central bank lifts interest rates

[I]  Brazil reform hopes raised after Michel Temer wins graft vote

[I]  Zimbabwe boosts ‘bond note’ parallel currency by $300m

[I]  China tightens rules on state groups’ foreign investments

[I]  Rio violence exposes Brazil’s missed chance

 

BLOOMBERG 

[I]  Here’s What British Business Wants From Brexit

[I]  Buy Time By Delaying Brexit, Business Tells May

[I]  Record Low Rates Leave U.K. Savers Frustrated

[I]  German Pigs Will Get Fat on Wheat as Downpours Threaten Harvest

[I]  Race to Revamp India Submarine Force Amid Rising China Threat

[I]  Australia Slams the Brakes on Property Investment

[I]  Americans Keep Crushing It With Their 401(k)s

[I]  The Real Reason Car Sales Are Falling

[I]  Carney Sees U.K. Economy at Brexit's Mercy as Forecasts Cut

[I]  Toronto Home Prices Suffer Worst Monthly Decline in 17 Years

[I]  Plans to Rethink America’s Malls Can’t Keep Up With Retail’s Collapse

[I]  Trading Firms Pick Amsterdam Over London as Brexit Bites

[I]  Manufacturing and Services Executives Have Very Different Views of the U.S. Economy

[I]  Jobs in U.S. Haven't Been This Hard to Fill Since 2000

[I]  BOE Holds Key Rate Steady, Cuts Growth Forecast

 

BUSINESS LINE

[I]  Centre looks to trim drug input imports from China

[I]  GST impact: Services PMI plunges to 45.9 in July

[I]  Onion prices soar on supply squeeze

[I]  War not an option to settle differences: Sushma

[I]  US sanctions: Minor impact seen on India-Russia ties

[I]  Heat waves may hit North India most by 2100: Study

[I]  By 2020, 96% of mobile phones sold in India will be locally manufactured: study

[I]  Handholding scheme for agri entrepreneurs

 

ECONOMIC TIMES

[I]  Agriculture Ministry receives Rs 16,094 crore in Q1 to run various schemes

[I]  Anti-dumping authority recommends import duty on solar and wind energy equipments from China

[I]  GST sends services activity plunging in July, PMI at 4-year low

[I]  GST roils India's economy with PMI plunging most since 2009

[I]  Arvind Panagariya’s exit may impact some key NITI initiatives

[I]  Lok Sabha passes Banking Regulation Bill for non-performing assets

[I]  Trai may tell CCI predatory pricing issue within its ambit

[I]  Government may double minimum wage, revise formula

[I]  Draft bill to check inter-state chit fund frauds soon: Arun Jaitley

[I]  FM Arun Jaitley indicates scope for rationalisation of rates under GST

 

BUSINESS STANDARD

[I]  From Tata to Adani, PMO is the first touchpoint for India Inc

[I]  Foreign pharma firms hunt for patients in India's remote corners

[I]  Steel firms paying high price for captive iron ore mines to ensure supply

[I]  Interest rates to slowly become reasonable: Arun Jaitley

[I]  Debtors can't be allowed to paralyse banking system, says Arun Jaitley

[I]  Gold demand shines, up 30% in January-June: WGC

[I]  Sebi p-note curbs shut India door on several hedge fund

[I]  India may face deadly heat wave within decades, says study

[I]  Americans die younger despite spending the most on Health Care

[I]  Global food prices hit 31-month high in July: FAO

 

MARKETS (07:15 am)

[I]  SGX NIFTY Fut: 10034;  USDINR DGCX: 63.8850;  DJIA Mini: 21974;  FTSE 100 Fut: 7413;  NIKKEI 225 Fut: 19958;  EUR-USD: 1.1875; Crude Oil (WTI): 49.01;  Gold (Spot): 1269

 

Best Regards, ARBIND

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

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Macro Economic News 03 Aug 2017

 

FINANCIAL TIMES

[I]  UK regulators should be punishing bankers

[I]  Drama is struggling to match the Trump reality

[I]  The dangers in Beijing’s bid for cyber sovereignty

[I]  Campaigners call for a new national park — in London

[I]  Government U-turn on employment tribunal fees

 

BLOOMBERG 

[I]  Trump Talks Tough on Trade, But Americans Keep Buying Chinese

[I]  Electric-Car Revolution Is Shaking Up the Biggest Metals Markets

[I]  CEO Pay at FTSE 100 Firms Falls 17%

[I]  China's Fear of Becoming Japan Is Driving Its Crackdown on Deals

[I]  Oil's Going, Going, Gone: Auctions Reveal Clues on Crude's Worth

[I]  Germany's Unprecedented Push to Fix Diesel Disrupted by Protests

[I]  China's Slowdown Fears Said to Drive Deal Crackdown

[I]  Why the U.S. May Be Planning a China Trade Investigation

[I]  China Gaming Crackdown Redraws Battle Lines in Sydney Casino War

[I]  Emerging Markets See Lowflation for First Time in Fed Rate Cycle

[I]  China's Money-Market Squeeze Is Back

 

BUSINESS LINE

[I]  At this Indo-Bangla border gate, ‘free trade’ flows 24x7

[I]  Lok Sabha passes Bills to extend GST to J&K

[I]  Business is ‘bread and butter’ of Indo-US ties, says Foreign Secretary

[I]  Panagariya urges PM to relieve NITI Aayog of G20 duties

[I]  GST: Tax meet may take up control over assessees issue

[I]  No surprises on the asset quality front, but risks remain

[I]  Hydropower projects incur over Rs. 45,000-cr cost overrun

[I]  Centre may consider quashing telecom circles

[I]  Why the RBI is fussing over transmission & rigidity of base rate

[I]  MPC meeting: A departure from ‘group think’

 

ECONOMIC TIMES

[I]  GST slabs of 12% and 18% could be clubbed into one, hints Finance Minister Arun Jaitey

[I]  China warns India, Japan over trade corridor plan

[I]  RBI allows overseas investors to bet more on Interest futures market

[I]  'Telecom sector received FDI worth over $9.79 billion from 2014-15'

[I]  Government approves MoU for BRICS agriculture research platform

[I]  31% CFOs feel GST has hit manufacturing most: Deloitte survey

[I]  RBI says it's comfortable with currency in circulation

[I]  Losses incurred by CPSEs rise to Rs 28,756 cr during 2015-16

[I]  RBI Governor Urjit Patel favours single-window clearance for affordable houses

[I]  India probably worst country to do business in: ICA

[I]  RBI aims to keep retail inflation near 4% on 'durable basis'

[I]  RBI says that there are uncertainties around its inflation trajectory

[I]  Watch: RBI maintains FY18 growth forecast at 7.3%

 

BUSINESS STANDARD

[I]  GST impact: This festive season get discount but no gift voucher, freebie

[I]  RBI cuts key policy rate by 25 bps, but cautiously

[I]  US CEOs will bet on India in a way they haven't done before: John Chambers

[I]  Digital maps deployed as weapons of market dominance

[I]  Cabinet nod to NRI proxy voting, scrapping no-detention policy in schools

[I]  Report on telecom stress likely in 20 days

[I]  Arun Jaitley indicates possibility for rationalisation of rates under GST

[I]  Why monetising infra assets is fraught with risks

[I]  RBI group to study MCLR regime so that your bank reduces loan rate

[I]  Indian companies fight shy of disclosing commodity risks: Study

[I]  A Snapshot of Private Equity activity & deals

[I]  Privacy protection losing battle in modern era: SC

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10071;  USDINR DGCX: 63.7800;  DJIA Mini: 21944;  FTSE 100 Fut: 7347;  NIKKEI 225 Fut: 20001;  EUR-USD: 1.1840; Crude Oil (WTI): 49.44;  Gold (Spot): 1263

 

Best Regards, ARBIND

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

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Macro Economic News 02 Aug 2017
 

FINANCIAL TIMES

[I]  China warns neighbours over territorial disputes

[I]  Brexit projected to push up UK banks’ costs by 4%

[I]  Trump tax reform plan heads into quagmire

[I]  Biotechnology: the new US-China dispute

[I]  Knowing what others were paid was a huge advantage

[I]  Telecoms sector outperforms after poor start to year

 

BLOOMBERG 

[I]  China's Markets Watchdog Levies Record Fines in Crackdown

[I]  U.K. Moves to Add Sweeping New Powers on Terror in Brexit Bill

[I]  Bank of England Shouldn't Wait Until After Brexit to Raise Rates, Niesr Says

[I]  Housing Crisis Drives Homeless Australians to Central Bank's Door

[I]  Aussie Dollar Turns Into a Villain for Central Bank

[I]  China Needs to Act on $33 Trillion of Credit, Analyst Chu Says

[I]  Greenspan Sees Return of Stagflation Unseen Since 1970s

[I]  U.S. Auto Market Slump Persists

[I]  India Decision-Day Guide: Inflation Dip Gives Window to Cut

[I]  How Close Are We to a Cashless Society?

[I]  Alan Greenspan Issues a Bond Bubble Warning

[I]  RBA Holds Rate as Currency Seen Subduing Inflation, Growth

[I]  Japanese Inflation Seen Peaking This Autumn, More Economists Say

[I]  When the EM Discount Looks Tasty

 

BUSINESS LINE

[I]  Manufacturing PMI contracts for the first time this year

[I]  Tractor sales set to peak on good monsoon: Crisil

[I]  Price revision, new launches drive auto sales in July

[I]  Deadline for India-China border roads pushed to 2022

[I]  GST impact: Manufacturing PMI contracts in July

[I]  Now, onion does a tomato; prices climbing up steadily

[I]  Success of resolution plan critical for investors under Insolvency and Bankruptcy Code

 

ECONOMIC TIMES

[I]  Oil hits 2-month high, further US inventory drop seen

[I]  India's holdings in US Treasury hit record high in May

[I]  Government launches e-RaKAM portal for selling agri produce

[I]  PSU banks need Rs 1.9 lakh crore capital by March 2019: S&P

[I]  Direct tax collection grows 21% till mid-July FY'18

[I]  Protectionism against Chinese products will boomerang on India: China daily

[I]  Infrastructure sector growth slows down to 19-month low in June

[I]  More than 11.44 lakh PANs deactivated

[I]  RBI will take time to count scrapped notes deposited in banks: Arun Jaitley

[I]  33 lakh taxpayers added to tax net post demonetisation

[I]  IT systems of 7 north eastern states integrated with Public Financial Management System

[I]  Why PM Narendra Modi wants India to dump a 150-year-old financial habit

 

BUSINESS STANDARD

[I]  Savings rate cut: Decline in govt banks' deposit share may accelerate

[I]  Arvind Panagariya quits as NITI Aayog vice-chairman to return to academia

[I]  GST roll-out puts July car sales in top gear

[I]  PE-VC deal value in dairy double of last year's

[I]  Commercial vehicle sales in July see double-digit growth

[I]  Real estate developers in a bind over Rera, GST

[I]  Punjab likely to allow open access of power for railways

[I]  Primary deficit in Q1 over ten times of Budget target at Rs 3 lakh cr

[I]  ISIS, Cyberattacks, China major threats for India, says Pew survey

[I]  GST pulls down manufacturing PMI to over 8-year low

[I]  Banks restructured corporate loans worth Rs 2,04,000 cr in FY17: Jaitley

[I]  M&A Scorecard: Q3 of 2017 has seen deals worth $295 billion to date

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 10138;  USDINR DGCX: 64.2025;  DJIA Mini: 21951;  FTSE 100 Fut: 7366;  NIKKEI 225 Fut: 20068;  EUR-USD: 1.1799; Crude Oil (WTI): 48.72;  Gold (Spot): 1266

 

Best Regards, ARBIND

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

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