MACRO ECONOMIC NEWS

WISHING LOVELY WEEKEND. LET’S WALK IN LOVE, WALK THE WAY OF LOVE.

Macro Economic News 26 May 2018

 

Taiwan is losing friends as China’s efforts to isolate the island nation are accelerating, leaving only 18 countries who recognize the country formally known as the Republic of China. The People's Republic of China, meanwhile, got some good news—courtesy of Trump. In just six weeks, Saudi Arabia has gone from advocating higher oil prices to trying to stop the rally at $80 a barrel. American workers are still being paid like it’s the 1980s, thanks to the government’s decades-long failure to update the “prevailing wage” for jobs needed on taxpayer-funded projects. Europe has had enough of Brexit. Leavers hoped to start a continent-wide revolution, but it turns out there are more pressing problems.

 

FINANCIAL TIMES

[I]  Instability in Italy and Spain jolt European markets

[I]  Trump says ‘productive talks’ under way with Pyongyang over summit

[I]  Market turmoil hits Conte’s road to Rome

[I]  Summit’s cancellation damages Korean ‘Moonshine’ diplomacy

[I]  US fears grow over mystery ‘sonic attacks’ against diplomats

[I]  Iran threatens to withdraw from nuclear non-proliferation treaty

[I]  China wants North Korea denuclearisation but at its own pace

[I]  EU finance ministers strike deal to make banks less risky

[I]  UK manufacturers chase deals despite global factory slowdown

 

REUTERS

[I]  Trump: U.S. in 'productive talks' about reinstating June North Korea summit

[I]  Investors find little appetite for consumer staples

[I]  U.S. 'maximum pressure' on North Korea faces test with summit in limbo

[I]  Oil prices slump as OPEC and Russia consider output boost

[I]  India state banks' bailout stumbles as losses mount

[I]  OPEC, Russia prepared to raise oil output under U.S. pressure

[I]  EU states agree rules to make search engines pay for news

[I]  Global Economy: Europe and U.S. lurch closer towards trade war

[I]  Investors find little appetite for consumer staples

 

BLOOMBERG 

[I]  Italy May Be Cut by Moody's on Concerns Over New Government

[I]  Oil Drop Below $80 Vindicates Cautious Investors Trimming Bets

[I]  ECB Officials Aren’t Ruling Out June Meeting to Tweak QE

[I]  Putin Says Oil at $60 Suits Russia With OPEC Weighing More Supply

[I]  Central Bankers Give Their Crisis Policies an Incomplete Grade

[I]  Canada’s ‘Unprecedented’ Reliance on Housing Fuels Recession Call

[I]  S&P 500 ‘Pressure Gauge’ Suggests Relief Rally Still Going

[I]  These U.S. Workers Are Being Paid Like It’s the 1980s

[I]  There’s a Crypto-Mining Machine in Every Home in Caracas

 

WALL STREET JOURNAL

[I]  Business Investment Rebounds in April

[I]  Fed’s Powell Says Central Banks Can’t Take Independence for Granted

[I]  Americans’ Confidence in the Economy Stalls

[I]  U.S. Existing Home Sales Fell in April

[I]  Europe’s Economy Throws a Wrench in the ECB’s Plans

[I]  The Tragedy of Venezuela

[I]  The ‘Tax-Free’ Investment Causing Massive Tax Headaches

[I]  Economists Think the Next U.S. Recession Could Begin in 2020

 

BUSINESS LINE

[I]  Centre diverts coal supplies to state-owned gencos

[I]  India Inc’s debt woes open new career path

[I]  ‘Brexit will change Indo-Dutch trade dynamics’

[I]  Ministers speak in different voices on petrol, diesel price increase

[I]  Positives and negatives of the India story

[I]  Tepid start to kharif planting: rice and cotton acreage lower than last year

[I]  Monsoon enters Bay of Bengal, South Andaman Sea

 

ECONOMIC TIMES

[I]  Earnings to economic growth, crude surge has a shock for all

[I]  Opec, non-Opec discuss around 1 millon bpd oil output rise: Sources

[I]  India Inc to rope in more women for top roles

[I]  Cotton exports could hit 4-year high on price rally, weak rupee

[I]  India's Forex reserve plunge by $2.64 bn

[I]  Economy may have grown by 7.1-7.5% in March quarter

[I]  Indian economy strong, reforms on track: CII

 

BUSINESS STANDARD

[I]  Hint of coal shortage as Centre's supplies start favouring govt power units

[I]  Amid economic slowdown, world's most profitable banks can be found in India

[I]  Dependence on domestic debt aids rupee slide, says Moody's

[I]  Microfinance institutions' equity investments see 40% surge

[I]  Wooing foreign investors: Easing of access norms to boost trading at GIFT

[I]  Rising crude oil price hits India's synthetic yarn industry

Best Regards, ARBIND

26 May 2018