MACRO ECONOMIC NEWS

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Macro Economic News 17 Mar 2018

 

Consumer sentiment pops in March to highest level since 2004. Industrial output rises on gains in manufacturing, mining. Import prices are rising while joblessness is decreasing. Despite experts are warning that fragmented banking rules could start the next financial crisis.

 

FINANCIAL TIMES

[I]  Tech tax deepens EU-US trade rift

[I]  Italy’s coalition talks: can two tribes become one?

[I]  The low-paid workers cleaning up the worst horrors of the internet

[I]  How the financial crash made our cities unaffordable

[I]  Impatient Macron presses Merkel on eurozone reform

[I]  Merkel’s coalition divided over role of Islam in Germany

 

REUTERS

[I]  India's October-December current account deficit widens sharply on higher imports

[I]  Wall Street's tech love affair might end in tears

[I]  Exclusive - European powers propose new Iran sanctions to meet Trump ultimatum

[I]  Russia to expel UK diplomats as crisis deepens

[I]  India gold prices discounted as festival fails to lure buyers

[I]  Government had no outstanding loans from RBI in March 9 week

 

BLOOMBERG 

[I]  G-20 Sees Global Tension, End to Cheap Money as Risk to Growth

[I]  U.K. Trade Chief Says Trump Tariffs Upsetting Allies, Not China

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

[I]  Sugar Bears Come Out to Play as Surplus Swells on Asia Harvests

[I]  Japan’s Prisons Are a Haven for Elderly Women

[I]  RBI Says Government Is Impeding Bank Supervision

[I]  China's Offshore Equity Giants Barely Sell Anything to the U.S.

[I]  Japan’s Central Bank Is Driving Economic Policy as the Government Sinks in Scandal

 

BUSINESS LINE

[I]  India pins hopes on ‘2+2 meet’ to mend ties with US

[I]  Urbanisation summit to assess impact of Smart Cities project

[I]  Defence Corridor to come up in TN

[I]  Efforts on to rely less on China, Italy for pharma 

[I]  Asian shares slip as new US political worries sour mood

 

ECONOMIC TIMES

[I]  RBI Governor bears out what is behind PSU bank frauds

[I]  Crude on a slippery track, eyes support at $60 again

[I]  Time to go bullish on Asia's worst-performing bonds?

[I]  Wheat output estimate may be revised to 98 MT

[I]  Banks' NPA steadily rising for past 8 years: Shiv Pratap Shukla

[I]  World Bank official plays down PNB scam, says not a systemic issue

[I]  View: Actually, big countries can lose trade wars, too

[I]  How bankruptcy can help government’s housing ambition

[I]  NITI Aayog works on strategy to leverage blockchain technology

[I]  Wisdom of RBI’s move to restrict trade finance instruments questionable

[I]  No proposal under consideration to discontinue Rs 2,000 note: Government

 

BUSINESS STANDARD

[I]  India Inc's subsidiaries in tax havens under probe agencies' scanner

[I]  Electoral bond issue sees Rs 2-bn sale, available at select SBI branches

[I]  Bankruptcy Code: Finance professionals on a roll as NCLT cases surge

[I]  Who will buy the Rs 4.6 trillion bonds? Market bets on banks' return

[I]  RBI needs to work with govt to take action against PSBs, says Rangarajan

[I]  Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 billion

[I]  25% overseas branches of public sector banks reported losses in FY17

[I]  Financial mismanagement reason for bad city governance, says survey

 

Best Regards, ARBIND

17 Mar 2018