MACRO ECONOMIC NEWS

WISH THIS WEEKEND WE EMBRACE WITH SPIRITUAL HAPPINESS OF LIVING EVERY MINUTE WITH LOVE GRACE AND GRATITUDE

Macro Economic News 23 Jun 2018

 

The European Central Bank is expecting to plow at least 160 billion euros ($185 billion) of maturing debt back into bonds next year and could consider relaxing the rules on buying, according to euro-area officials familiar with the matter. Such prospects would reduce the risk of market volatility that could undermine the economy after the ECB completes net asset purchases at the end of the year.

 

FINANCIAL TIMES

[I]  Saudi Arabia strikes deal to raise Opec production

[I]  China to make ecommerce groups accountable for fake goods

[I]  Confusion at US border towns as children keep arriving

[I]  Trump threatens 20% tariff on EU car imports

[I]  Debt relief deal gives Greece hope after years of austerity

[I]  Chinese border town awaits North Korea trade thaw

[I]  North Korea media tone down anti-US rhetoric

[I]  End of Equitable Life brings little comfort to many investors

 

REUTERS

[I]  Fast-tracked environmental approvals alarm activists

[I]  OPEC agrees modest hike in oil supply after Saudi and Iran compromise

[I]  Pentagon indefinitely suspends some training exercises with South Korea

[I]  Pentagon indefinitely suspends some training exercises with South Korea

[I]  Trump urges Republican lawmakers to drop immigration bill until election

[I]  Identifying U.S. troops returned from N. Korea may be challenging - experts

[I]  Investors turn up pressure on British firms in 2018 AGM season

[I]  Trump greets EU trade reprisals with threat of steep auto tariff

[I]  Euro zone banks to repay only a fraction of ultra-cheap ECB cash

[I]  Weak monsoon delays cotton, soybean sowing in India

 

BLOOMBERG 

[I]  Baffled by OPEC, Hedge Funds Leave Oil Bets Up in the Air

[I]  IRS Ruling on U.S. Credit Is an Unexpected Gift to Solar Developers

[I]  Corporate Bond Spreads Jump to 16-Month High

[I]  Peso Pushes Investors to Cover Their Shorts in the Biggest Mexico ETF

[I]  How OPEC Is Holding Its Oil Output Curbs in Place

[I]  The 12 Global Economic Indicators to Watch

[I]  U.S. IPOs Set for Busiest Week in Three Years

[I]  Bitcoin Approaches Year Low as Japan Cracks Down on Venues

[I]  Russia Joins in on Retaliation Threats for U.S. Tariffs

[I]  The Big Bang Made London. Brexit Could Undo It

[I]  Baffled by OPEC, Hedge Funds Leave Oil Bets Up in the Air

 

WALL STREET JOURNAL

[I]  Trump Threatens 20% Tariff on European Cars

[I]  Supreme Court Rules States Can Collect Sales Tax on Web Purchases

[I]  A Generation of Americans Is Entering Old Age the Least Prepared in Decades

[I]  Retiring Baby Boomers Strain Entitlement Programs

[I]  Eurozone Business Activity Picks Up

[I]  Conference Board’s Leading Economic Index Rises

[I]  Trump Proposes Combining Workforce Training, Federal Assistance in Agency Revamp

[I]  Cummins Will Pay Tariff to Import Engines From Its Own Plants in China

[I]  Companies Race to Top Off Pension Plans to Capitalize on Tax Break

[I]  U.S. Retirement Programs Strain Amid Retiree Growth

 

BUSINESS LINE

[I]  After GST, big is bountiful at Diamond City

[I]  Govt wins pvt doctors’ support for Ayushman scheme

[I]  e-Way bill generation touches 10-crore mark

[I]  With eye on $5-trillion club, PM throws ‘growth challenge’

[I]  Insolvency resolution professionals who quit a case midway may be debarred for 5 years

[I]  Pause in monsoon slows down kharif sowing

[I]  Realty sector’s growing debt trap likely to lead to repayment crisis

[I]  Economists divided on RBI’s next rate hike

 

ECONOMIC TIMES

[I]  Opec agrees on output hike of 1 million bpd

[I]  ECB bond change pulls the rug from the long end

[I]  Dark clouds over monsoon

[I]  Summer planting see a drop

[I]  Retaliatory tariff on steel imports to include tin plate, stainless steel hot rolled products

[I]  India trying to resolve trade disputes with many nations: Suresh Prabhu

[I]  GST fails its biggest promise of economy formalisation: HSBC

[I]  Here’s a lifeline for India's often neglected home buyers

[I]  Government to scrap subsidy for private electric cars

[I]  Anti-profiteering body questions FMCG, pharma firms on GST prices

[I]  Retaliatory additional 10% duty on US lentils to keep oversupply in check

 

BUSINESS STANDARD

[I]  Google plans global e-commerce debut from India market

[I]  Indian oil companies to gain from higher Opec output

[I]  Infrastructure needs make India hot spot for development banks

[I]  Asian Infrastructure Investment Bank annual meet to focus on collaborations

[I]  Banks are not providing adequate foreign exchange at market rates to SMEs

[I]  Kharif sowing 9.7% lower as monsoon delayed over Central, North India

Best Regards, ARBIND

23 Jun 2018