MACRO ECONOMIC NEWS

SMILE AND TELL TO THE UNIVERSE - TODAY IS MY DAY

Macro Economic News 16 Mar 2018

 

IMF Managing Director Christine Lagarde urged countries to avoid being sucked in to a global trade war. China’s holdings of Treasuries fell to the lowest level since July as investors soured on U.S. fixed-income securities and the dollar at the start of the year. China’s portfolio of U.S. bonds, notes and bills sank to $1.17 trillion in January from $1.18 trillion a month earlier. China remains the largest foreign creditor to the U.S. followed by Japan ($1.07 trillion)

 

FINANCIAL TIMES

[I]  Nato powers close ranks against Putin

[I]  China faces uphill battle to meet Trump’s $100bn trade demand

[I]  Russian energy groups largely unscathed by western sanctions

[I]  ECB tones down bad loans plans after Italy backlash

[I]  Saudi Arabia beefs up plans for domestic defence industry

[I]  China challenges the US for artificial intelligence dominance

 

REUTERS

[I]  India's February trade deficit dips to 5-month low amid fears of global trade war

[I]  With sanctions and condemnation, U.S. hints at shift on Russia

[I]  Mexican minister ramps up pressure for speedy NAFTA deal

[I]  Rejecting protectionism, ASEAN and Australia commit to free trade

[I]  Rejecting protectionism, ASEAN and Australia commit to free trade

[I]  India says it will engage with U.S. on export concerns

[I]  India needs 8 percent growth for 30 years to join middle-income group: World Bank

 

BLOOMBERG 

[I]  Hong Kong and Singapore's Stock-Market Rivalry Gets Heated

[I]  New Home on Hong Kong's Peak Sets Asian Record Price by Area

[I]  Singapore and Paris Top World’s Most Expensive Cities

[I]  Venezuela’s Hyperinflation Is Breaking Deli Scales

[I]  Russian Hackers Attacking U.S. Power Grid and Aviation, FBI Warns

[I]  Singapore's Non-Oil Exports Slide the Most Since 2016

[I]  A Turn Against Immigration Would Devastate Australia

[I]  The World Economy Risks Turning Too Hot to Handle

[I]  Higher Rates May Spell Private Debt Trouble, Study Finds

[I]  China's Bankers Are Most Upbeat on the Economy in 12 Years

 

BUSINESS LINE

[I]  New Delhi to seek eight years to phase out export subsidies at WTO

[I]  February exports up 4.5% in $ terms

[I]  Trade deficit up 26% during February

[I]  Centre plans campaign to woo foreign students

[I]  India’s aviation growth is unprecedented: Jayant Sinha

[I]  Recovery in economic growth under way

[I]  FRDI Bill: Centre offers to set a new cap on deposit cover

[I]  RBI Governor Urjit Patel favours ₹1-lakh status quo, fears banks’ burden ...

 

ECONOMIC TIMES

[I]  Protectionism fears coming true: US challenges India's export subsidy program at WTO

[I]  US’ move on Indian export subsidies not trade war, says commerce secretary

[I]  Export sector on edge as US locks horn with India on subsidies

[I]  India should see growth picking up after two transitory shocks: IMF

[I]  India's growth to touch 7.3% next fiscal, 7.5% in 2019-20: Fitch

[I]  Signs of revival in rural India predict recovery for economy

[I]  A day after Patel’s plaint, finmin points to power regulator enjoys

[I]  Government’s plan for PSU banks: Stability first, consolidation later

[I]  After 31 top defaulters flee, India seeks to shut the gates

 

BUSINESS STANDARD

[I]  PSBs plan tighter lending norms for corporate loans above Rs 2.5 billion

[I]  Global trade war: India's export promotion schemes challenged by US at WTO

[I]  Indian IT firms ramping up their presence in US, stepping up local hiring

[I]  How to know when a company represents a paradigm shift

[I]  Govt plans to set up ombudsman to empower automobile owners and new buyers

[I]  Firms eye opportunities as Sitharaman talks up defence industrial corridor

[I]  February export growth rate dips for third straight month at 4.48%

 

MARKETS (07:45 am) 

[I]  SGX NIFTY Fut: 10318;  USDINR DGCX: 65.1125;  DJIA Mini: 24876;  FTSE 100 Fut:  7135;  NIKKEI 225 Fut: 21768;  EUR-USD: 1.2304; Crude Oil (WTI): 61.20;  Gold (Spot): 1316

Best Regards, ARBIND

16 Mar 2018