MACRO ECONOMIC NEWS

WISHING A VERY CREATIVE WEEK AHEAD. CARING WORLD IS ASSURING FOR ALL SUPPORTS.

Macro Economic News 12 Mar 2018                                 

 

China, Canada and Hong Kong are among the economies most at risk of a banking crisis, according to early warning indicators compiled by the Bank for International Settlements. Canada was flagged because of its households’ maxed-out credit cards and high debt levels in the wider economy, even though its economy grew last year at the fastest pace since 2011. These same issues also afflict China and Hong Kong, according to the study. (Bloomberg)

 

FINANCIAL TIMES

[I]  Multinationals pay lower taxes than a decade ago

[I]  Accounting watchdogs find ‘serious problems’ at 40% of audits

[I]  Stronger returns on cash curtail S&P 500’s dividend appeal

[I]  Seoul races against time ahead of Trump-Kim summit

[I]  Italian business urges quick resolution of post-election impasse

[I]  Top Fed official warns of interest rate risk to recovery

[I]  US asks China for $100bn plan to cut trade deficit

[I]  Africa eats up lion’s share of Chinese lending

[I]  Donald Trump threatens German carmakers with tariffs

[I]  Japan’s Abe poised to raise stakes in casinos gambit

 

REUTERS

[I]  France commits 700 mln euros to solar energy

[I]  South Korea will 'deploy all possible means' to respond to U.S. tariffs: finance minister

[I]  'No deal' Brexit could cost UK, EU companies 58 billion pounds: report

[I]  Germany, China warn Trump tariff moves threaten global trade

[I]  Canada's steel town still nervous despite tariff reprieve

[I]  China eyes "black tech" to boost security as parliament meets

[I]  Trump's tariffs jeopardise jobs and prosperity - Germany

[I]  Keep calm and carry on with policy normalisation, BIS tells central banks

[I]  EU, Japan start push for exemptions from Trump tariffs

 

BLOOMBERG 

[I]  Japan Finance Minister Under Fire as Abe School Scandal Deepens

[I]  How Brexit May End Up Creating Accidental Borders in Europe

[I]  Businesses Favor Certainty Over Full Brexit Deal, Study Shows

[I]  China, Hong Kong and Canada at Risk of Banking Crisis: BIS Indicators

[I]  How China Is Cracking Down on Financial Risk

[I]  London House Prices Are Dropping at the Fastest Pace Since 2009

[I]  Hong Kong Sees Salvation From Asset Bubbles in Currency Weakness

[I]  Emerging-Market Investors Face a Week of Tumult as Trade War Looms

[I]  Central Banks Don’t Need to Shift to Move Markets: Economy Week

 

BUSINESS LINE

[I]  SEBI may open depository services to corporates, private entities

[I]  Banks want RBI to ease norms for resolution of stressed assets

[I]  India will generate 100 GW of solar power by 2022, says Modi

[I]  Why crop prices are falling despite higher MSP, stiffer import tariffs

[I]  Banks want RBI to relax its revised framework for resolution of NPAs

[I]  As imports from China decline, market is hotting up for refractory makers

[I]  To tackle evasion , officials propose checks in GST return filing system

[I]  Mobile-wallet transactions grow, despite the KYC hurdle

 

ECONOMIC TIMES

[I]  SEBI seeks to cut retail F&O bets

[I]  'Cap no of employees with access to price sensitive info'

[I]  1 in 3 cos in India considering different organisational structure: Study

[I]  Women make up just 22 pc of S&P 500 boards: Report

[I]  New moms on office tours get an extra ticket for the nanny

[I]  Milk production up 20% in 2014-2017: Agriculture Ministry

[I]  Manufacturing outlook positive for January-March quarter: FICCI

[I]  US aluminium tariff hike unlikely to impact India directly

[I]  India, China important engines of regional and global economic growth: IMF

[I]  Government departments, PSUs in NCR asked to switch to e-vehicles

[I]  Parliamentary panel asks government to define 'shell companies' in Companies Act

[I]  PSBs recapitalisation should be part of broader package of financial reforms: IMF

 

BUSINESS STANDARD

[I]  Can 'one village one family' model of Indian diamond industry survive?

[I]  Import duty hike impact: Assembly firms to have an edge over makers

[I]  More price hikes in the offing by consumer durable firms as rupee falls

[I]  Sugar firms stare at losses, with estimate of record output, after 2 years

[I]  E-way relief, for now, to e-commerce, courier firms sending small orders

[I]  Real estate developers in a bind over charging GST for affordable homes

[I]  International Solar Alliance inaugurated: India's plans take global stage

[I]  ICAI issues advisory on joint auditors' work allocation in bank audits

 

MARKETS (07:30 am) 

[I]  SGX NIFTY Fut: 10326;  USDINR DGCX: 65.1075;  DJIA Mini: 25443;  FTSE 100 Fut: 7223;  NIKKEI 225 Fut: 21930;  EUR-USD: 1.2314; Crude Oil (WTI): 62.27;  Gold (Spot): 1323          

Best Regards, ARBIND

12 Mar 2018