Saturday 23 December 2017

Macro Economic News 23 Dec 2017

 


[I]  Bitcoin swings wildly after its biggest reverse of 2017

[I]  Republicans gamble that they can sell their tax cuts

[I]  Brazilian politicians’ immunity status starts to creak

[I]  Brussels brushes off UK charm offensive aimed at EU banks

[I]  US backs disputed re-election of Hernández as Honduran president 

[I]  Nato sounds alarm on Russian submarine activity

[I]  Births in Japan drop to lowest level since records began

[I]  Peru’s president narrowly escapes impeachment

[I]  Vietnam seafood sector faces threat of EU fish ban

[I]  Russian tampering in UK elections ‘not successful’

[I]  Retailers respond to rise in renting clothes and goods

[I]  An ageing population and the end of inheritance

 


[I]  Modi's office urges use of local products after rails row

[I]  Indian regulator raids brokers as it steps up probe over prescient WhatsApp messages – source

[I]  Christians worldwide prepare for holidays with an eye on security

[I]  Trump travel ban should not apply to people with strong U.S. ties -court

[I]  U.N. Security Council imposes new sanctions on North Korea

[I]  Companies have up to a year for new U.S. tax bill reporting: SEC

[I]  Credit Suisse expects $2.3 billion write-down from U.S. tax changes‍​

[I]  Strong U.S. consumer, business spending bolster growth picture

[I]  Foreign money driving top of housing market in Vancouver, Toronto

[I]  U.S. new home sales race to more than 10-year high in November

[I]  Financial crisis leaves Rio ballerinas struggling

 


[I]  As Venezuela’s Inflation Surges, a Favorite Holiday Treat Is Out of Reach

[I]  Billion-Dollar Writedowns Pile Up as Companies Analyze Tax Bill

[I]  Pentagon Watchdog Cites Top U.S. Space Contractors for Quality-Control Lapses

[I]  Theresa May Eyes 2022 Vote After Surviving a Tumultuous Year

[I]  North Korea Sanctions Tightened by UN Following Missile Test

[I]  Bitcoin Growing Pains More Pronounced as Price Takes a Dive

[I]  Moody's Has Stable Outlook for APAC Banks in 2018

[I]  IMF Calls for Overhaul of India Banks

 


[I]  Corrective Action won’t hit bank operations, says RBI

[I]  Market-cap of BSE-listed firms hits Rs. 150-lakh cr

[I]  FM moves GST Compensation Bill in Lok Sabha

[I]  Needed: price controls on healthcare services

[I]  Post-GST, fewer than 20% of pharma formulations saw price hike: Minister

[I]  Infra push: New Bill introduced to curb courts’ discretion on injunctions

[I]  India-China boundary talks ‘positive’, says Ministry

[I]  FinMin allows manual filing of refund claims by exporters, traders

[I]  India has potential to grow as a logistics hub

[I]  RBI expects ‘significant’ improvement in capital position of public sector banks

[I]  Govt, trade deny supply crunch in urea

[I]  Girls good at geometry, ‘everyday’ maths, boys excel in operations, data handling

 


[I]  'Banks lost nearly Rs 17Kcr to frauds last fiscal'

[I]  'India made mistake by voting against US move'

[I]  Inflexion point for private capex upcycle still afar

[I]  ‘Inflation is a more imminent concern for India than growth’

[I]  Forex reserves up by $488.2 million to $401.385 billion

[I]  How bond houses rescue RBI auction Friday

[I]  NPAs: RBI blames i-bankers for faulty project/loan appraisals

[I]  Dip in revenue pushes India to crack down on tax compliance

[I]  Government fixes projected investment in infrastructure at Rs 38.22 lakh crore

[I]  GST regime to stabilise in next 18 months: Niti Aayog Vice Chairman Rajiv Kumar

[I]  No question of closing down any Public Sector Bank, say government & RBI

[I]  Consensus will never emerge on petrol under GST: ASSOCHAM

[I]  New year will end the Swiss-bank option for money laundering

[I]  Banks can take advantage of the IBC to clean up their balance sheets: RBI

 


[I]  Early Christmas on D-Street: Markets hit all-time high

[I]  Why last-in-queue lenders file most insolvency pleas

[I]  Chidambaram, Murthy spar over Aadhaar

[I]  Minimum wages for petrol pump employees stayed; oil firms suffer setback

[I]  GST regime more primitive than VAT: Amit Mitra

[I]  Agency banks must be prompt with govt instructions: RBI

[I]  Banks lost nearly Rs 17,000 cr to frauds last financial year, says FinMin

[I]  Govt says no question of closing any PSB

[I]  Better rated firms moving to bond mkt, says RBI report

[I]  After Sebi's warning, MFs say there is nothing to worry

 

Best Regards, ARBIND

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Friday 22 December 2017

Macro Economic News 22 Dec 2017

 


[I]  EU prepares Canada-style Brexit deal for UK

[I]  Self-driving cars face a new test: snow

[I]  UN vote repudiates US recognition of Jerusalem

[I]  China-Kazakhstan border woes dent Silk Road ambitions

[I]  Switzerland hits out at EU ‘discrimination’ in finance dispute

[I]  Ireland prepared to rein in surging economy ahead of Brexit

[I]  Populism is failing, but it is too soon to cheer

 


[I]  Lawmaker writes to PM Modi urging price caps on 20 medical devices

[I]  Cuba delays historic handover from Castro to new president

[I]  Cuba tightens regulations on nascent private sector

[I]  U.N. Security Council to vote Friday on new North Korea sanctions

[I]  UK business confidence rises to five-month high in December: Lloyds

[I]  Australia's digital agriculture dream stymied as government scrimps on broadband

[I]  U.S. economy grows at fastest pace in more than two years

[I]  BOJ keeps policy steady, Kuroda dismisses talk of early exit

[I]  Japan government raises assessment of output, capex as economy expands

 


[I]  Asia’s Most Overworked Country Pushes for Right to Rest

[I]  U.K.’s Boris Johnson Will Warn Russia to Halt ‘Destabilizing Activities’

[I]  Brexit Progress Gives U.K. Shoppers Christmas Confidence Boost

[I]  Venezuela's Crumbling Economy Revealed in 2016 SEC Filing

[I]  Catalan Separatists Win Regional Election in Blow to Rajoy

[I]  Vietnam Mimics China With Sweeping Corruption Purge

[I]  Beijing’s Electric-Car Push Could Produce a World-Class Chinese Auto Brand

[I]  New Zealand Faces Threats From Within as Growth Slows Into 2018

[I]  China Is the Future of the Sharing Economy

[I]  Indonesia Wins Fitch Rating Upgrade Months After S&P Move

 


[I]  Significant percentage of employees world over disengaged: Study

[I]  Centre aims to finalise National Telecom Policy by March: Sinha

[I]  E-sealing, boon to exporters

[I]  Start-ups mull filing petition against Angel Tax

[I]  Power sector: Reforms need to continue

[I]  FinMin sees gains on resources front with improved economic conditions

[I]  Hike in customs duty on electronics likely to boost revenue collection

[I]  Clean Ganga project fails to make progress

[I]  Recap, IBC will help clean up bank balance-sheets: RBI

 


[I]  Nasscom alleges bias in US visa curbs on Indian IT

[I]  Sebi revives proposal on loan default disclosure

[I]  Deepest India bond rout in 17 years shows no sign of abating

[I]  Rice-prices rise in India; export demand slows in Thailand

[I]  Government may raise import duty on wheat

[I]  RBI warns against further downside risk for banking and economy

[I]  Depositors’ money in PSBs will be protected: Finance minister

[I]  India needs to strengthen RBI's independence: IMF

[I]  Government imposes 30% import duty on chana, masoor

[I]  No study on effects of demonetisation on realty prices: Government

[I]  More changes to bankruptcy code likely in Budget

 


[I]  RBI report blames banks for bad debt mess

[I]  Take bull bars off cars or face penalty:Govt to vehicle owners

[I]  CRISIL lowers growth forecast, GDP to grow at 7.6% in 2018-19

[I]  Tabacco retailers stage protest against pictorial warnings

[I]  India's financial sector facing considerable challenges: IMF

[I]  RBI Financial Stability Report: Banks' GNPA may touch 11%

[I]  Status check: RBI's prompt corrective action framework

[I]  Risk building up in mutual fund segment: RBI's Financial Stability Report

 

MARKETS (06:45 am)

[I]  SGX NIFTY Fut: 10461;  USDINR DGCX: --;  DJIA Mini: 24812;  FTSE 100 Fut: 7529;  NIKKEI 225 Fut: 22869;  EUR-USD: 1.1839; Crude Oil (WTI): 58.14;  Gold (Spot): 1266

 

Best Regards, ARBIND

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Thursday 21 December 2017

Macro Economic News 21 Dec 2017

 


[I]  Brexit vote is already damaging UK economy, says IMF

[I]  Democrats look to capitalise on unpopular tax reform

[I]  Brexit transition must end in December 2020, says Barnier

[I]  EU financial regulation chief warns of signs of bitcoin bubble

[I]  EU rebukes Poland over judicial reforms

[I]  Tensions rise again between China and South Korea

[I]  Global disaster costs more than double to $136bn

 


[I]  U.S. takes India back to WTO in solar power dispute

[I]  U.S. House gives final approval to tax bill, delivering victory to Trump

[I]  U.N. freedom of speech expert concerned about net neutrality

[I]  Mexico to legalize marijuana-based product sales next year

[I]  Full Brexit in January 2021 as EU sets transition deadline

[I]  China's border city with N.Korea eases tourism curbs

[I]  Offshore oil searches back in fashion - just not in Asia

[I]  Global inflation conundrum

[I]  Trump threatens to cut aid to U.N. members over Jerusalem vote

[I]  Indian authorities weighing how to regulate cryptocurrencies: SEBI chief

[I]  China to deepen reform, keep growth steady in 2018

[I]  Column - China to remain the main game for global commodity demand: Russell

 


[I]  U.K. Consumer Confidence Hits a Four-Year Low

[I]  Czech Rate Hikes Seen Interrupted as Slower Inflation Buys Time

[I]  Banks Are Worried Tech Systems Could Crash After Introduction of New EU Rules

[I]  House Republican Leaders Push Bare-Bones Temporary Funding

[I]  May Says EU Will Learn It Needs City of London: Brexit Update

[I]  There’s a Flip Side to Asia’s Dollar Bond Boom

[I]  The Outlook for Tech Stocks Grows Dimmer for 2018

[I]  Professor Wakatabe on BOJ Policy, Inflation, Economy

[I]  You've Got to Be Tough to Work at China's Best Bank

[I]  China Will Tighten U.S. Soybean Export Standards, USDA Says

 


[I]  Commerce Ministry hopeful of lower MAT in SEZs

[I]  Non-core biz of bourses under SEBI scanner

[I]  India urges US to hold 2+2 Ministerial early next year

[I]  Hike in customs duty on electronics likely to boost revenue collection

[I]  FinMin sees gains on resources front with improved economic conditions

[I]  Super-rich on the rise: India has nearly 60,000 crorepatis

[I]  ‘Govt infra spend, demand pick-up driving CV sales’

 


[I]  Why $45 billion foreign investment inflows may not be good enough

[I]  RBI may be holding back Rs 2,000 notes, says SBI report

[I]  Govt to combine old, modern tech for crop forecast

[I]  US takes India back to WTO in solar power dispute

[I]  Is Monetary Policy Committee moving towards a prolonged pause in rates?

[I]  Alternative assets industry in India worth $43 billion: Preqin report

[I]  Economic Advisory Council discusses employment, growth

[I]  West Bengal to construct 13,000 km of rural roads: Minister

[I]  350 infrastructure projects show cost overrun of Rs 2.65 lakh crore: Government

[I]  Inequality rise extreme in India, not so for China: Report

[I]  Government set to provide relief for disqualified directors

[I]  Government directs banks & NPCI to change process of mapping Aadhaar-linked accounts for subsidies

 


[I]  Airlines woo flyers to own them directly

[I]  Govt may allow 100% FDI in telecom via automatic route

[I]  Startup investors once again raise alarm over 'angel tax'

[I]  Ease of doing on e-com Budget wish list

[I]  Reserve Bank going slow on Rs 2,000 notes

[I]  Economists ask Jaitley to hike pension, maternity benefits

[I]  Top-slab corporate incomes shot up by 48% in 2014-15

[I]  Richest 1% earn 20% of global income

[I]  Youth unsatisfied: NITI Aayog Vice-Chairman

[I]  PE funds stare at capital loss on stressed investee firms

[I]  Bank of England to allow EU banks to operate in UK after Brexit

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10450;  USDINR DGCX: 64.0175;  DJIA Mini: 24744;  FTSE 100 Fut: 7472;  NIKKEI 225 Fut: 22825;  EUR-USD: 1.1870; Crude Oil (WTI): 58.06;  Gold (Spot): 1268

 

Best Regards, ARBIND

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