Macro Economic News 23 Sep 2017

 

FINANCIAL TIMES

[I]  EU gives guarded welcome to May’s conciliatory Florence speech

[I]  Angela Merkel makes political weather as German campaign closes

[I]  Brexit is Britain’s gift to the world

[I]  May tailors tone to European audience with evolving position

[I]  North Korea said to be revitalising African wildlife trafficking

[I]  Business welcomes May’s conciliatory tone

[I]  US business hands Trump his tariff moment

[I]  Caution reigns as focus swings from N Korea to Brexit

[I]  US shale industry hunts in Asia for new oil buyers  

 

REUTERS

[I]  Drug prices regulator seeks oversight of private hospitals

[I]  U.S. challenged by rising North Korea tensions, Russia urges calm

[I]  China tells Japan not to abandon dialogue over North Korea

[I]  China-backed fund shunned by Trump to buy British chip maker

[I]  Ross says NAFTA negotiations face timing pressure in 2018: CNBC

[I]  Despite tough talk, Canada seen unlikely to walk away from NAFTA

[I]  Germany's surging far-right promises to disrupt cosy parliament

[I]  Moody's downgrades UK's rating on Brexit and growth fears

[I]  RBI eases foreign investment rules for corporate debt

[I]  UK's May sets out transition plan in bid to unlock Brexit talks

[I]  Jaitley pledges to find resources to support debt-laden banks

 

BLOOMBERG 

[I]  May Hit by U.K. Ratings Blow as She Reboots Brexit Plan

[I]  Overheard at UN: Japan Asks Iran for Some Help on North Korea

[I]  North Korea Says It May Test H-Bomb in Pacific

[I]  North Korea's Unlikely Economic Boom

[I]  Trump Boosts North Korea Sanctions, Adding Economic Pressure

[I]  OPEC and Russia Hold Steady on Cuts as Oil Market Improves

[I]  India Finance Minister Says Don’t ‘Panic’ Over Slowdown

[I]  China’s Travel Growth to Outpace U.S. Over Next Decade

 

BUSINESS LINE

[I]  Concerns over GST refunds, Korea tensions spook markets

[I]  Finance Ministry to ensure timely refund of GST dues to exporters

[I]  Monsoon to start withdrawing from Sept 28

[I]  Patent, trademark filings have risen sharply: DIPP

[I]  Subsidy on home loans under PMAY till March 2019

[I]  US offers to host trade policy forum with India next month

[I]  Centre’s stimulus package should focus on activating stalled projects: C Rangarajan

[I]  Govt entry into retail can disrupt the sector

[I]  Kharif rice area unlikely to surpass 2016 levels

[I]  Govt will help strengthen the banking system, says Jaitley

[I]  Now, public sector banks have no employee-directors

 

ECONOMIC TIMES

[I]  RBI removes masala bonds from corporate bond limit

[I]  India to strengthen Korea Plus cell to facilitate investments

[I]  Monsoon withdrawal likely to begin soon

[I]  Lending rate cuts key to economic recovery: Report

[I]  Valid transitional credit claims just Rs 12,000 crore: Government

[I]  Relax fiscal deficit target to boost economy: CII

[I]  Companies can have only two layers of subsidiaries, says government

[I]  GST implementation smoother than expected: FM Arun Jaitley

[I]  NPA a big worry, government to provide all help to banks: Finance Minister Arun Jaitley

[I]  Jaitley's dilemma shows why the India of Modi's dreams is still a long way off

 

BUSINESS STANDARD

[I]  Steel imports surge 16% in FY18

[I]  Narendra Modi likely to announce big-bang economic package on Monday

[I]  Govt denies exporters' claim of liquidity crunch

[I]  Relax fiscal deficit, cut interest rates to revive growth, says CII

[I]  India's forex reserves up by $1,782.5 million

 

 

Best Regards, ARBIND

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Macro Economic News 22 Sep 2017

 

FINANCIAL TIMES

[I]  Theresa May to offer stronger protection for EU citizens in Florence speech

[I]  Drop separatism calls and we can talk money, Madrid tells Catalans

[I]  Kim Jong Un says US will ‘pay dearly’ for Trump’s insults

[I]  Janet Yellen refuses to be thwarted by low-inflation mystery

[I]  US tries to enlist EU and Japan in China tech fight

[I]  Bank of Japan board member demands more stimulus

[I]  ECB aims to change lending benchmark for banks before 2020

[I]  Expect better growth, rising wages but more volatility

 

REUTERS

[I]  India eyes extra $7.7 billion spending to halt slowdown

[I]  Venture fundraising in yuan soars as investors target Chinese tech firms

[I]  Rohingya crisis dents Myanmar hopes of Western investment boom

[I]  China urges North Korea not to go further in a 'dangerous direction'

[I]  WTO says global trade rebounding, protectionism still a risk

[I]  Fed keeps U.S. rates steady, to start portfolio drawdown in October

[I]  BOJ keeps to script, but new board member dissents as policy on hold

 

BLOOMBERG 

[I]  May to Reboot Brexit Plan by Requesting Transition Period

[I]  Australia Has a Taxing Problem When It Comes to Ghost Homes

[I]  Hong Kong, Sydney, Shanghai Property at Risky Level, S&P Says

[I]  Trump Boosts North Korea Sanctions, Adding Economic Pressure

[I]  S&P Cuts China’s Credit Rating, Citing Risk From Debt Growth

[I]  China's Dangerous House Price Boom Is Spreading

[I]  China's Banking System Won't Collapse, Former Bank Director Says

[I]  Bond Tantrums Should Be Considered Good Economic Omens

[I]  China Becomes a Testing Ground for New Breed of Nuclear Reactors

[I]  World Leaders Push More Inclusive Approach to Globalization

[I]  Philippines Holds Rate at 3% as Inflation Seen on Target

[I]  Japan's Central Bank Keeps Policy Unchanged Amid Unexpected Dissent

[I]  Australia's Economy Is Improving, Central Bank Chief Says

[I]  Low Inflation Shows How Bank Indonesia Is Coordinating on Policy

[I]  Abenomics Has New Weapon to Pry Money From Japan's Bank Accounts

[I]  China's Credit Party Rolls On Despite S&P's Downgrade

[I]  India Discusses Booster Shot for Economy as Growth Falters

 

BUSINESS LINE

[I]  SEBI removes wall between stock, commodity brokers

[I]  Foreign trade policy review may be delayed

[I]  World trade likely to grow at 3.6% in 2017

[I]  Two-year extension for CEA under consideration

[I]  Govt unveils policy to boost private investment in affordable housing

[I]  Monsoon fury to shift from Central India to the North-West

[I]  Rupee takes a beating as Fed gets ready to pare balance-sheet

[I]  Private banks’ market share in loans likely to rise to 40% by FY20: ICRA

[I]  50 nations ink UN nuclear ban treaty

[I]  Future shock as India readies electric map

 

ECONOMIC TIMES

[I]  KYC cracker scares gold buyers, sales fall 50% since last month

[I]  Rupee slides with bonds amid concern over fiscal deficit

[I]  Asian currencies languish as dollar revels in Fed hike expectations

[I]  Cooperatives should explore new areas to double farm income: Narendra Modi

[I]  OECD cuts India's FY18 growth outlook

[I]  India growing pretty robustly: World Bank President Jim Kim

[I]  Pension crisis looms for India as workers shun sunset savings

[I]  Watch: Govt may go for higher market borrowing; call likely in early Jan

[I]  West Bengal gets $300 million ADB loan to carry forward fiscal reforms

[I]  Policymakers not keen on relaxing fiscal goals to accommodate extra spending

[I]  Commerce ministry against blanket curbs on import of gold

[I]  Central govt employees will no longer get daily allowance on Leave Travel Concession

[I]  Govt likely to weigh Rs 40,000-cr stimulus to boost economy

 

BUSINESS STANDARD

[I]  Stimulus package funding: Govt weighs fiscal push for growth

[I]  Sebi allows bourses to conduct forensic audit

[I]  Port operators want migration to new law

[I]  Issue of low corporate investment to be addressed soon: Arun Jaitley

[I]  Big worries on small scale: Artisans jump through GST hoops for relevance

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 10120;  USDINR DGCX: 65.0100;  DJIA Mini: 22295;  FTSE 100 Fut: 7204;  NIKKEI 225 Fut: 20350;  EUR-USD: 1.1942; Crude Oil (WTI): 50.62;  Gold (Spot): 1294

 

Best Regards, ARBIND

Link to News on http://eco.isead.in/

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Macro Economic News 21 Sep 2017

http://eco.isead.in/  for past five day’s news

 

FINANCIAL TIMES

[I]  Fed calls historic end to quantitative easing

[I]  Swiss takeover panel demands China’s HNA clarify its ownership

[I]  Spanish national police raid Catalan government headquarters

[I]  Brexit bill battle switches from principle to price

[I]  India tax rebate claims cast doubt over GST success

[I]  Global economy improving but lacks ‘self-sustaining upswing’

[I]  EU-US Mifid II accord will go down to the wire, official warns

[I]  BoE hawkish talk has excited but reality will bite

[I]  Eurozone corporate bond spreads can shrug off ECB tapering

 

REUTERS

[I]  Fed keeps U.S. rates steady, to start portfolio drawdown in October

[I]  China to halt new projects in pollution 'red zones'

[I]  New Zealand GDP jumps in second quarter, while annual growth remains steady

[I]  China to extend transition phase for cross-border retail

[I]  German economy to grow robustly in third quarter, finance minister says

[I]  Record number of states punishing human rights activism - U.N 

[I]  Jaitley vows "necessary" measures to revive slowdown-hit economy

[I]  Japan's Abe says time for talk is over on North Korea

[I]  BOJ set to keep monetary spigot open, political risk looms

[I]  Fed quietly opens the final chapter of its crisis-era bonds policy

[I]  Euro zone catches up with U.S. as global growth gets more in sync - OECD

 

BLOOMBERG 

[I]  Fed Flashes a Big Green Light to the Global Bond-Market Rally

[I]  Yellen Brushes Aside Inflation ‘Mystery’ While Fed Eyes Rate Hike

[I]  Pension Crisis Looms for India as Workers Shun Sunset Savings

[I]  Jack Ma Says Stop Looking to Manufacturing Growth for Jobs

[I]  Stress at the UN Is Not Shared on Wall Street

[I]  Oil Jumps as Fuel Draw Adds to Talk of More OPEC Cuts

[I]  India Has a Big Jobs Problem, and It Could Be Getting Worse

[I]  Singapore Press Market Value Falls Behind New York Times

[I]  China's Dangerous House Price Boom Is Spreading

[I]  Soaring Food Prices Spice Up Asia's Inflation Outlook

[I]  Philippines Emerges as Southeast Asia's Lone Rate Hike Candidate

[I]  The Bank of Japan Is on Cruise Control

[I]  China's Under-the-Radar Bond Boom May Be Next Risk Target

 

BUSINESS LINE

[I]  Govt moving to spur growth, hints Jaitley

[I]  SEBI revokes ban order passed on 421 entities

[I]  Branded foodgrains, flours to attract 5% levy under GST

[I]  Advance tax payout by top cos grows just 2% in Sept quarter

[I]  Steep decline in below-five mortality rates thanks to National Health Mission

[I]  Govt considering cash transfers under child development scheme

[I]  Vagaries of monsoon impact cropping patterns in South

[I]  West Coast may remain vulnerable in view of a fresh ‘low’

[I]  Microfinance sector must work on its strengths for growth, says RBI Deputy Governor

[I]  Peer-to-peer lending platforms to be treated on a par with NBFCs

 

ECONOMIC TIMES

[I]  Currency with public to rise to Rs 16 lakh cr by March: Icra

[I]  Auction of 54 mines to fetch Rs 1.5 lakh crore to states' kitty

[I]  Indian investments into GCC touching $3 billion: Report

[I]  Banks told to scan accounts of shell companies’ promoters, directors

[I]  Government sets terms for biz deregistering brands for lower GST

[I]  Package soon to boost economy; no cuts in fuel rates: Arun Jaitley

[I]  Need revenue for public spending: Arun Jaitley on high oil taxes

[I]  Modi govt finds a fix for India's economic ills; remedy likely soon

 

BUSINESS STANDARD

[I]  Stimulus package in the works: Focus may be on affordable housing

[I]  Automobile parts makers scurry to upgrade components

[I]  CBDT proposal on advance estimates of tax liability irks industry

[I]  Policy makers discuss ways to boost economy

[I]  Working with FinMin, NITI Aayog to resolve exporters' issues: Suresh Prabhu

[I]  Equity MFs stick to their top picks as market trades at historical highs

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10141;  USDINR DGCX: 64.6025;  DJIA Mini: 22372;  FTSE 100 Fut: 7236;  NIKKEI 225 Fut: 20449;  EUR-USD: 1.1873; Crude Oil (WTI): 50.69;  Gold (Spot): 1300

 

Best Regards, ARBIND

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