MACRO ECONOMIC NEWS

WISHING THE WEEKEND OF CREATING CONSENSUS, CONCORD, CONCURRENCE, COHESION, COOPERATION AND COMMUNITY

Macro Economic News 17 Feb 2018

 

The world needs to move from excess and assurance of inventory to solidarity and empathy. Compassion for acceptance of disconnects - from macro views to economic facts - is the way ahead for oneness of individuals as well as global growth sustainability. Concurrently, it appears, world is having a hard policy choice between rule of principals vs principal of rules. A compassionate choice is to have rule and principals both. And, yes it can coexist.

Global leaders call for policy cooperation and convergence of course of actions. Consensus is changing towards soft developmental indices from hard economic indices for performance benchmark and goal setting. Countries are moving from “Being Better” to “Being Unique”, while the theory of ‘Comparative Advantage’ is losing its lustre.

 

FINANCIAL TIMES

[I]  US eyes global tariff of ‘at least’ 24% on steel imports

[I]  US charges Russians with 2016 election interference

[I]  UK aims to keep financial rules close to EU after Brexit

[I]  China bets on donkey breeding to curb Africa imports

[I]  US business mourns after Dreamers deal dies

[I]  Australia government in turmoil after sex scandal

[I]  London life proves hard to give up for Brexit relocations

 

WALL STREET JOURNAL

[I]  For the Federal Reserve, a New Chief but Same Rate Path

[I]  Consumer Sentiment Rebounds in February

[I]  The Rise of the Jumbo Student Loan

[I]  U.S. Home Construction Rose 9.7% in January

[I]  U.S. Import Prices Rise in January

[I]  Producer Prices Returned to Upward Path in January

[I]  The Robots Are Coming for Garment Workers

[I]  U.S. Weighs Tariffs, Quotas on Metals Imports

[I]  What’s the Value of Americans’ Love for the Great Outdoors? $374 Billion

[I]  Real Time Economics: Inflation In Check | Silver Lining for Industrial Production | Startups Still In a Rut

 

REUTERS

[I]  Data shows fraud problems extend far beyond PNB

[I]  Canada evaluating impact of lower U.S. corporate tax

[I]  India gold swings to discount as price jump hurts demand

[I]  U.S. charges Russians with 2016 U.S. election tampering to boost Trump

[I]  Stock volatility: back with a bang and here to stay

[I]  Not so fast: Inflation may take a while to stir

[I]  Pakistan could face economic pain from return to terrorist financing 'grey list'

 

BLOOMBERG 

[I]  Next Nafta Talks Scheduled to Start With Auto Content Rules

[I]  China Flooded U.S. With Solar Panels Before Trump's Tariffs

[I]  U.S. Signals New Trade Blow With Metal Tariff Proposals

[I]  Trump Must Weigh Retaliation Risk as Ross Floats Steel Tariffs

[I]  Layoffs Arrive in Brexit Britain, and Auto Workers Are Up First

[I]  European Doctors Are Giving Up on the U.K.

[I]  Ending Nafta Could Cause Rural ‘Depression,’ GOP Senator Says

[I]  Kuroda Nominated for Another 5-Year Term to Lead BOJ

[I]  India Stocks Fall as Deficit, Fraud Complaint Weigh on Sentiment

[I]  RBA's Lowe Says Inflation, Jobs Will Decide Next Rate Hike

 

BUSINESS LINE

[I]  Draft auto policy: Green mobility hits top gear

[I]  Iran keen to share energy resources with India: Rouhani

[I]  Outlook stable for renewable energy sector, says Ind-Ra

[I]  GST Council to meet in March to usher in single monthly return

[I]  WTO huddle: India to set the agenda, but talks may turn to ‘new issues’

[I]  It’s high time individual investors got attention

[I]  ‘Average Variable Cost’, best way to determine predatory pricing: TRAI

[I]  CM woos farmers with 0% loans up to Rs. 3 lakh

 

ECONOMIC TIMES

[I]  PNB just tip of the iceberg, rot runs much deeper

[I]  Rising US supply a big overhang on crude prices

[I]  India Inc sees M&A deals worth $15 billion in January

[I]  Govt to prepare roadmap for doubling farmers income by 2022

[I]  Government expects to finalise 5G service roadmap by June

[I]  Not bringing separate policy for Electric Vehicles: Nitin Gadkari

 

BUSINESS STANDARD

[I]  Stable outlook for solar & wind energy, negative for thermal: Ind-Ra

[I]  Coal India's foreign dreams lose steam in bid to fuel domestic demand

[I]  Govt may spend Rs 120-150 bn to support states on procurement of farm goods

[I]  Protecting farmers: Govt may raise import duties on edible oils and chana

[I]  Alternative fuel policy to encompass EVs instead of a seperate policy

[I]  Aadhaar privacy row: Enough data to clone digital identity of somebody else

 

Best Regards, ARBIND

17 Feb 2018