Saturday 28 October 2017

Macro Economic News 28 Oct 2017

 


[I]  US economy grows 3% for second straight quarter

[I]  Silicon Valley disrupts your light switch on its return to the smart home

[I]  Artificial intelligence: Silicon Valley’s new deity

[I]  Saudi prince uses ‘Davos in the desert’ to woo world’s top investors

[I]  End of an era as Hong Kong trading floor closes

[I]  Brent oil above $60 level for first time since 2015

 


[I]  Low gold prices fail to spark post-Diwali lull in demand

[I]  U.S. SEC close to forming group to scrutinize the bond market

[I]  As Trump tax comes to floor, failure could spell stocks selloff

[I]  U.S. finds China dumped aluminum foil on U.S. market, imposes duties

[I]  Global Economy: Place your bets for the Brexit rate hike

[I]  Inventories, trade shield U.S. economy from hurricane headwinds

[I]  S&P and Fitch leave UK credit rating on hold but warn on Brexit

 


[I]  Catalan Lawmakers Vote for Independence in Defiance of Spain

[I]  U.S. Slaps Anti-Dumping Duties on Chinese Aluminum Foil Imports

[I]  Trump’s China Trip to Broker Billions of Dollars in Energy Deals

[I]  Trump Leans Toward Powell for Fed With Announcement Next Week

[I]  Singapore Must Junk Hong Kong's Rail Model

[I]  China’s Global Ambitions Could Split the World Economy

[I]  Why China's Industrial Profits Are Soaring

[I]  China Says Sovereign Dollar Bond Demand 11 Times Deal Size

[I]  Singapore Office Vacancies Climb to a 12-Year High

 


[I]  $83.5 billion and counting: How Invest India keeps FDI rolling in

[I]  Summer internship: Top-B schools see increase in offers, rise in stipend

[I]  ‘Blockchain, AI, ML, robotics to drive tech in 2018’

[I]  As the door closes on H-1B, Indians turn to EB-5 for a ticket to the American dream

[I]  N-E monsoon brings heavy rain to parts of Kerala, Tamil Nadu

[I]  For banks, technology is now a key tool for improving customer service

[I]  NPS: PFRDA raises incentives for ‘points of presence’

 


[I]  Banks may resume consignment import of gold next week

[I]  A political battle on rates is slowly simmering in sugarcane heartland

[I]  Rupee to get boost from govt's PSU bank recap: Report

[I]  India asks US to review its position on totalisation pact

[I]  Business stresses in PM Modi's backyard spur India's bank rescue

[I]  Publishers versus authors: Who will pay GST on royalty?

[I]  Law to curb false ads for buyer safety soon

[I]  Is RBI on an overdrive with its asset quality review?

 


[I]  Lenders prefer sectoral guidelines for choosing buyers in insolvency sales

[I]  Bharatmala: FinMin explores cut in road ministry's budget allocation

[I]  Govt fixes Sovereign Gold Bond rate at Rs 2,945 per gram

[I]  Banks not to levy minimum balance penalty on pension account holders: HC

[I]  India okay to Australia being part of Asia-Pacific grouping

[I]  Mandatory use of PFMS to help monitor fund flow to Central Sector Schemes

[I]  US presses India on IP shield, market access and trade barriers

[I]  GST has not helped garment exports: Traders to Parliamentary committee

[I]  Zero-coupon bonds on govt table for PSBs

 

 

Best Regards, ARBIND

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Friday 27 October 2017

Macro Economic News 27 Oct 2017

 


[I]  Draghi refuses to call end to ECB crisis measures

[I]  Germany’s left fears years in the wilderness

[I]  Draghi pulls off dovish trick with his QE ‘downsize’

[I]  Abe demands 3% pay rise to drive Japan’s economy

[I]  ECB’s slow retreat from QE buoys risk appetite

[I]  China sells first dollar bond in more than a decade

[I]  European earnings season stands up to early scrutiny

 


[I]  Business stresses in Modi's backyard spur bank rescue

[I]  India plans policies to boost foreign participation in oil & gas

[I]  Japan Sept consumer prices rise for ninth straight month

[I]  U.S. House narrowly passes measure paving way for Trump tax cuts

[I]  Russia's economic recovery not enough for higher rating: Moody's

 


[I]  The Fast-Food Price Wars Are About to Get Ugly

[I]  Investors Are Lapping Up China's New Dollar Bonds

[I]  Germany Tightens the Screws on International Funds to Turkey

[I]  Saudi Crown Prince Backs Extending OPEC Cuts Into 2018

[I]  ECB Slows Asset Purchases as Draghi Heads for Stimulus Exit

[I]  Hong Kong's Sky-High Property Prices Make City Too Risky for Savills

[I]  Traffic Is So Bad in Manila Workers Are Moving Into Dorms

[I]  Kuroda Extends Lead in Guessing Game for Who Will Run the BOJ

[I]  China’s Global Ambitions Could Split the World Economy

[I]  Bank of Singapore Says BOJ Is Done and Is Waiting

[I]  Economists See China Keeping GDP Target Even Though It Shouldn't

[I]  China's Bond Strategists Brace for 10-Year Yields Rising to 4%

 


[I]  Move to introduce ‘gender inclusivity’ at WTO

[I]  Centre urges States not to deny food subsidy for want of Aadhaar card

[I]  Infrastructure sector hails stimulus push

[I]  Road projects need more than financing, say industry experts

[I]  ‘Infrastructure sector in need of diversified financing ecosystem’

[I]  High GST rates hurting electrical industry: IEEMA

[I]  Over 30,000 jobs cut in telecom in 5 years

[I]  TRAI recommendations on net neutrality, data ownership ‘very soon’

 


[I]  Govt may create holding firm for banks to issue recapitalisation bonds

[I]  India's pepper exports may hit a 5-year low this fiscal

[I]  34 sick PSUs suggested for strategic divestment: Niti Aayog CEO Amitabh Kant

[I]  'Bank recap may make fiscal deficit target hard to achieve'

[I]  'India, UAE compliment each other in areas of business growth'

[I]  Chile favours India's candidature to APEC: former President Eduardo Frei

[I]  Pension, insurance funds can finance infrastructure: Amitabh Kant

[I]  India needs Rs 50 lakh crore infrastructure investment over 5 years: Crisil

[I]  Govt extends date to claim GST transition credit till Nov 30

[I]  Govt aims to double telecom footprint in India by 2020

[I]  Government may go easy on rules to link Aadhaar with bank accounts, mobile numbers

 


[I]  Once retooling for clients, IT giants now retrain them

[I]  Govt strikes positive chord before release of ease of doing business report

[I]  Govt working on new consumer protection law, says PM Narendra Modi

[I]  Transmission sector most attractive infra investment, highways next: Crisil

[I]  Gold imports double in September quarter despite GST, PMLA notification

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 10388;  USDINR DGCX: 65.0875;  DJIA Mini: 23363;  FTSE 100 Fut: 7469;  NIKKEI 225 Fut: 21926;  EUR-USD: 1.1635; Crude Oil (WTI): 52.65;  Gold (Spot): 1267

 

Best Regards, ARBIND

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

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Thursday 26 October 2017

Macro Economic News 26 Oct 2017

 


[I]  US expats given hope of lower tax bills

[I]  Saudi sovereign wealth fund aims to double its assets to $400bn

[I]  Republicans help banks by scrapping pro-consumer rule

[I]  South Africa slashes its growth forecasts

[I]  Corporate Sweden jittery over rise of anti-business rhetoric

[I]  Bonds sell off as participants eye central banks

[I]  UK GDP acceleration sends yields to Brexit high

 


[I]  Japan to propose strategic dialogue with U.S., India and Australia: Nikkei

[I]  China will not set target to double GDP from 2021: party official

[I]  South Korea growth fastest in seven years as exports boom

[I]  Japan Abe's aide: BOJ shouldn't be criticized for missing price goal

[I]  Beginning of the end for Europe's loose money? ECB to curb stimulus

[I]  India slaps anti-dumping duty on some stainless steel imports

[I]  EU works on post-Brexit trade ties with Britain, eye on talks' possible collapse

[I]  Cash ban, GST disruptions to cool India's GDP growth to a 4-year low: Reuters poll

[I]  Bad loans and stressed assets in Indian banks estimated at $153.5 billion

[I]  U.S. business spending on equipment robust, new home sales surge

[I]  UK economy gains pace, puts BoE rate hike firmly on track

 


[I]  China's U.S. Buying Spree Prompts Move to Toughen Deal Reviews

[I]  Australia’s Got a Lock on a Metal That Electric Vehicles Can't Run Without

[I]  Asia Now Has More Billionaires Than the U.S.

[I]  Millions of U.S. Expats May Get Tax Relief: FT

[I]  S. Korea's Fastest Growth Since 2010 Bolsters Rate Hike View

[I]  U.K. Growth Surprise Clears Path for Bank of England Rate Rise

[I]  China Begins Marketing First Sovereign Dollar Bond Since 2004

[I]  Hong Kong's Malls Are Turning Away From Luxury Brands

[I]  India's Banks Need More Than a Bailout

[I]  Investors Underpricing Global Risk, Singapore's Central Bank Warns

[I]  Monetary Authority of Singapore on Health of Economy

 


[I]  ‘Germany, UK will gain the most from an India-EU free trade deal’

[I]  Bank recap plan to address sector challenges: Urjit

[I]  Govt move credit positive for sector, says Moody’s

[I]  Govt exploring mechanism for those who do not want to link Aadhaar with mobile number

[I]  Tepid show by infra, engineering verticals

[I]  Recapitalisation will restore the health of banking system, says RBI chief

 


[I]  Govt may go easy on rules to link Aadhaar with bank accounts, mobile numbers

[I]  Food processing, retail will get $10 billion in FDI: Harsimrat Kaur Badal

[I]  India's pension system ranked near bottom among major economies

[I]  Bad loans and stressed assets in banks estimated at $153.5 billion

[I]  Indian companies increasing investment in US: Rex Tillerson

[I]  India's economic slowdown "temporary blip": Y K Sinha

[I]  Most of Rs 7-lakh crore road projects to be awarded by December 2018: Nitin Gadkari

[I]  Will not linking Aadhaar with bank accounts invite punishment?

[I]  Government looking at other options to re-verify mobile numbers

[I]  India should have 5-7 large banks ideally: CEA Arvind Subramanian

[I]  Capital infusion of PSBs to support credit growth,job creation

[I]  'Prudent hike in MSP to keep food price inflation contained'

 


[I]  RBI, Centre see leap in economy

[I]  Deadline to link Aadhaar with schemes extended till March 31: Centre to SC

[I]  New mechanism soon to verify mobile numbers minus Aadhaar

[I]  PSB consolidation off the table for now

[I]  Capital infusion isn't a solution, but is unavoidable: Usha Thorat

[I]  Valuation gap between public sector and private banks narrows

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10270;  USDINR DGCX: 64.8800;  DJIA Mini: 23304;  FTSE 100 Fut: 7432;  NIKKEI 225 Fut: 21743;  EUR-USD: 1.1829; Crude Oil (WTI): 52.10;  Gold (Spot): 1280

 

Best Regards, ARBIND

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

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