MACRO ECONOMIC NEWS

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Macro Economic News 28 Jul 2018

 

The U.S. economy grew at the strongest pace in nearly four years during the second quarter, powered by a rebound in consumer spending, exports and firm business investment. President Trump told an Iowa crowd this week that “we just opened up Europe for you farmers,” but officials in Brussels said he did no such thing. All critical personal data on people in India should be processed within the country, a government panel said. The recommendation comes at a time when data breaches are becoming common globally and there is heightened scrutiny by governments on how companies handle user data.

 

FINANCIAL TIMES

[I]  Trump hails fastest US growth rate since 2014

[I]  Germany’s increasingly bold nationalists spark a new culture war

[I]  Spain’s Socialist government loses first major parliamentary vote

[I]  Americans have been saving more than was thought

[I]  Immigrants say casual racism is rising in Germany

[I]  Imran Khan starts to build governing coalition in Pakistan

[I]  Zimbabwe’s historic poll poses tough challenge for youthful pastor

[I]  Car industry braces for trade war ‘tsunami’

[I]  Germany acts to protect energy group from Chinese

[I]  Small UK gambling companies look across Atlantic for growth

 

REUTERS

[I]  Panel proposes 'India only' policy for critical data

[I]  Exclusive: India's milk powder exports to surge on subsidies, dampen global prices

[I]  Higher U.S. soy imports won't harm EU farmers: German minister

[I]  Greek PM takes responsibility for wildfire as criticism mounts

[I]  In test of re-election prospects of Australian PM, by-election voting begins

[I]  California farmers and Mexican cheese sales, U.S. trade war takes a toll

[I]  Britain's 'furnace Friday' to test temperature records

[I]  India's 2017-18 thermal coal imports up eight percent: govt data

[I]  Trump hails growth as one-offs and consumers boost economy

 

BLOOMBERG 

[I]  Big Oil Leaves Analysts Fuming About Being in the Dark on Refinery Outages

[I]  Hot-Not-Boiling Job Market Spurs Pay Raises and Efficiency Hacks

[I]  Rates Traders Are Less Rosy Than White House About U.S. Outlook

[I]  A Booming Economy Hasn’t Given House GOP Candidates an Election Edge

[I]  Bitcoin Bounces as Traders Seek Silver Lining in SEC ETF Denial

[I]  These Nine BOE Policy Makers May Decide to Raise Interest Rates

[I]  Americans Have Been Saving Much More Than Thought, New Data Show

[I]  China Stimulus, U.S.-EU Agreement Lure EM Bulls Back: EM Review

 

WALL STREET JOURNAL

[I]  U.S. Economy Grew at 4.1% Rate in Second Quarter

[I]  Analysis: Solid Economy With Room to Run

[I]  Tariff Fears Tug on U.S. Consumer Sentiment

[I]  When the World Opened the Gates of China

[I]  The Competing Views Shaping U.S.-China Trade Policy

[I]  Homeownership in U.S. Keeps Climbing

[I]  Why Fourth Quarters Are the New Growth Laggards

[I]  Germany Vetoes Chinese Purchase of Business Citing Security Grounds

[I]  Fannie Mae Debt Sale Sets Milestone for Libor Rival

[I]  There’s No Productivity Miracle Hiding in the Data

[I]  Layoff Gauge Climbs After Hitting Multidecade Low

 

BUSINESS LINE

[I]  New data protection law to impact 50 existing Acts

[I]  RBI backs plan to have an ARC take over stressed power assets

[I]  Transport strike called off after govt assurances

[I]  Commerce Ministry to replace export subsidy schemes banned at WTO

[I]  Trade deficit: India wants concrete steps from China over mere delegation visits

[I]  US firms seek opportunities for private partnerships in India’s defence market

[I]  Truant monsoon hurts rice sowing; acreage down 12%

[I]  Fresh ‘low’ may compound heavy rain scenario over North

 

ECONOMIC TIMES

[I]  Forex reserve rises by $67.7 million to $405.14 billion

[I]  Dollar stands tall, euro on defensive after ECB offers few surprises

[I]  Cash crunch, RBI rate hike risks send India funds to shorter debt

[I]  Indian bonds set to outshine emerging market peers: Nomura AMC

[I]  Govt removes restrictions on urea import for industrial, non-agriculture grade

[I]  Exporters seek government intervention as Saudi Arabia halts basmati imports

[I]  Milk production up 6.6% at 176.35 million tonne in 2017-18

[I]  FDI in food processing sector up 24% at $ 905 million in FY'18

[I]  Gold imports rise 22% to USD 33.65 billion in 2017-18

[I]  India to hold top spot for economic growth but oil poses risk

[I]  Investment in digital infrastructure crucial for emerging economies: PM Modi

 

BUSINESS STANDARD

[I]  Stressed assets: Govt wants IBC relief for a dozen power projects

[I]  Valuation in fast-moving FMCG stocks highest in nearly three decades

[I]  Srikrishna Panel proposals: Privacy breaches to attract monetary penalties

[I]  Kharif sowing improves further as rains revive, reservoir levels rise

[I]  India's faltering tourism industry

[I]  Better-rated companies borrow heavily from India's bond market

[I]  Global financial planning body decides not to renew pact with FPSB India

Best Regards, ARBIND

28 Jul 2018