MACRO ECONOMIC NEWS

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Macro Economic News 14 Mar 2018                                 

 

In the midst of an historic three-year battle against systemic financial risks threatening to crash China’s economy, China is giving its central bank the power to write the rules for the financial sector, as part of a sweeping overhaul aimed at closing regulatory loopholes and curbing risk in the $43 trillion banking and insurance industries. The China Banking Regulatory Commission and the China Insurance Regulatory Commission will be merged in the biggest industry overhaul since 2003.

 

FINANCIAL TIMES

[I]  Deadline passes on UK sanctions threat against Russia

[I]  Trump tariffs pose threat to global economic revival, OECD warns

[I]  EU seeks greater protection for gig economy workers

[I]  US business chiefs warn on dangers of protectionism

[I]  US regional banks powered by prospect of sector reforms

[I]  China’s tech trendsetters still hitting a wall in the west

 

REUTERS

[I]  RBI clamps down on credit guarantees as PNB fraud swells

[I]  India's solar financing may have peaked for now at $10 billion in 2017: consultancy

[I]  Supreme Court extends March 31 deadline for Aadhaar linking

[I]  U.S. finds Canada groundwood paper dumped, sets duties

[I]  Japan core machinery orders rebound, easing capex concerns

[I]  Some BOJ board members urged scrutiny on cost of easing: January minutes

[I]  Economists united: Trump tariffs won't help the economy

[I]  U.S. steel import curbs could scuttle India's export ambitions

[I]  Digital currency sales face rocky path with more regulatory focus

[I]  Trade tensions cloud best global growth outlook in 7 years: OECD

[I]  India's retail inflation eases for second straight month in February

[I]  Big banks shake up Washington lobbying shops

 

BLOOMBERG 

[I]  No Rebound for Dubai Property as Slump Drags On

[I]  China’s Top Food Company Goes Global to Feed 1.4 Billion at Home

[I]  China's Central Bank Gains More Power in Xi's Regulatory Shuffle

[I]  Radiation Risk Rises with Polar Air Routes and Ultra-Long-Hauls

[I]  Singapore to Fight Fake News the Way it Fights Drugs

[I]  China's Push For Superpower Economy Status Has Echoes of The Past

[I]  India's Palm Oil Imports Seen Climbing on Summer Season Demand

 

BUSINESS LINE

[I]  India still a top choice for tech centres of BFS majors; overall market size to hit $26 b by 2020

[I]  India will eliminate TB by 2025: Modi

[I]  In major curriculum change, CBSE drops some subjects for class IX, XI

[I]  Govt offices urged to switch to e-vehicles

[I]  WTO members to work on alternative mechanism for dispute settlement

[I]  Science, environment agencies fail to spend 12% of funds: CAG

[I]  ‘Secondary agriculture can enhance farm income’

[I]  Funds in Jan Dhan accounts cross Rs. 75,000-crore mark

 

ECONOMIC TIMES

[I]  Easing India inflation reprieve for Asia's worst bond market

[I]  Pulses traders demand ban on import quota in 2018-19

[I]  Soybean imports at record as domestic supply tightens: Sources

[I]  India's monsoon rains seen slightly down this year

[I]  Road ministry to raise Rs 1 lakh crore from NHAI bonds, LIC and EPFO financing

[I]  China accounts for 66% of India's bulk drug imports in FY'17

[I]  India's oil imports from Venezuela hit lowest in over 5 yrs

[I]  India, China exports most at risk from currency strength in Asia

[I]  India, EU to decide fate of trade agreement next month

[I]  RBI discontinues Letter of Undertaking, Letter of Comfort as instruments of trade credit

[I]  Not in favour of farm loan waiver: Government informs Parliament

 

BUSINESS STANDARD

[I]  'Name & shame' defaulters by making their pictures public: Govt to banks

[I]  Public sector banks agree to govt terms for Rs 800-billion recap bonds

[I]  Story of Indian media: What is the economic value of television business?

[I]  Sebi puts more safeguards for FPI investors

[I]  Foreign law firms, advocates cannot practise in India, says Supreme Court

 

MARKETS (07:30 am) 

[I]  SGX NIFTY Fut: 10395;  USDINR DGCX: 64.9700;  DJIA Mini: 25006;  FTSE 100 Fut:  7108;  NIKKEI 225 Fut: 21778;  EUR-USD: 1.2402; Crude Oil (WTI): 60.76;  Gold (Spot): 1328          

Best Regards, ARBIND

14 Mar 2018