MACRO ECONOMIC NEWS

FAITH BE THE LOVE. LOVE BE THE FAITH. HAPPY WEEKEND.

Macro Economic News 21 Jul 2018

 

The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. U.S. President Donald Trump took to Twitter Friday to accuse China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan on Friday plunged past 6.80 per dollar for the first time in a year and as the nation’s central bank shows little sign of intervening to stem the slide. Treasury Secretary Steven Mnuchin said the government is closely monitoring whether China has manipulated its currency, according to Reuters.

 

FINANCIAL TIMES

[I]  Full-scale trade war looms closer

[I]  Lebanon weighs legalising marijuana as best means to lift economy

[I]  Britain steps up doomsday planning for no-deal Brexit

[I]  White House rejects Putin plan for Ukraine referendum

[I]  EU’s champion idealist stands firm in fight against autocracy

[I]  North Korea’s economy suffers worst contraction for 20 years

[I]  China’s smaller cities compete to increase population

 

REUTERS

[I]  U.S. oil industry lobbies against tighter sanctions on Russia

[I]  Trump threatens tariffs on all $500 billion of Chinese imports

[I]  Dollar drops further on Trump's comments on currency, rate hike

[I]  Merkel vows to work at 'under pressure' U.S. relationship

[I]  Global Economy: U.S., euro zone growth readings to tell story of divergence

[I]  Imminent yield curve inversion 'real possibility': Fed's Bullard

[I]  Column: U.S. banks get second-quarter trading boost but more volatility needed - McGeever

 

BLOOMBERG 

[I]  G-20 Draft Cites Growing Trade Tension, Diplomatically

[I]  Dollar in ‘Dangerous Territory’ After Trump Blasts China, EU on FX

[I]  U.S. Homeowners Are Lingering Longer, and the Wait Is Paying Off

[I]  Trump Shreds Economic Playbook With Strong Dollar, Fed Jabs

[I]  Venezuela Is Delaying New Currency Push Amid Hyperinflation

 

WALL STREET JOURNAL

[I]  President's Emerging Economic Policy: Picking Winners and Losers

[I]  Trump Continues Fed Criticism, Renews Threat on China Imports

[I]  Envoy to China Feels Heat Over Trade

[I]  America Is Running Out of Family Caregivers, Just When It Needs Them Most

[I]  Share of U.S. Employees Offered Health Care Through Work Rises

[I]  U.S. Jobless Claims Hit Lowest Level Since 1969

[I]  America’s Factory Towns, Once Solidly Blue, Are Now a GOP Haven

[I]  China Woos U.A.E. With Trade, Balancing Concerns Over Iran Ties

[I]  U.S. to Toughen Foreign-Investment Reviews Amid Trade Fight With China

 

BUSINESS LINE

[I]  SEBI mulls fresh guidelines to boost start-up listing

[I]  Excessive regulations weighing on PSBs: Rajiv Kumar

[I]  India raises with EU concern over proposed steel safeguard duty

[I]  Telecom regulator tweaks M&A guidelines

[I]  Banks’ deposits rise to Rs. 1,35,421 crore

 

ECONOMIC TIMES

[I]  New Rs 100 notes will cost industry a bomb

[I]  How retailers are trying to access local towns

[I]  Cryptocurrencies would encourage illegal transactions: RBI to Supreme Court

[I]  Liquidity risk looms for Indian debt in recall of taper pain

[I]  Disappointing earnings, trade tensions send European shares south

[I]  Rupee weakening on relapsing macro vulnerability: Will it slow down growth?

[I]  ASEAN-India trade likely to touch USD 100 billion by 2020: Hardeep Puri

[I]  West Bengal to launch Ayushman Bharat under joint banner

[I]  Finalise construction workers' welfare scheme by September 30: Supreme Court to Centre

[I]  Target of 20 lakh Aadhaar based PoS units not met due to supply crunch: Govt

[I]  Export or Perish: Why India must achieve a quantum jump in exports to drive growth

[I]  India pushing ahead on Sustainable Devolvement Goals: Akbaruddin

 

BUSINESS STANDARD

[I]  Rs 1 billion needed to recalibrate 240,000 ATMs for new Rs 100 notes

[I]  15th Finance Commission may need to work like it's the first: Subramanian

[I]  How organic labels and conscious users are shaping an industry on trust

[I]  Area under kharif crops shrinks due to inadequate rain in east India

[I]  Forex reserves continue to fall; down $734.5 million to $405.07 billion

[I]  Transporters strike over e-way bill, high toll collection and diesel prices

[I]  India needs its own model of capitalism, says NITI Aayog's Rajiv Kumar

Best Regards, ARBIND

21 Jul 2018