MACRO ECONOMIC NEWS

WISH THIS WEEKEND BE A STEP FORWARD FOR ACHIEVING BIGGER AND BETTER. HAPPY WEEKEND.

Macro Economic News 18 Aug 2018

The economic turmoil shows how hard it is for countries to emulate China’s model of authoritarian capitalism. The Chinese president set policy that let his nation gorge on foreign loans, granting his wish of a brawny economic expansion. U.S. consumer sentiment slid in August to its lowest level in nearly a year, as consumers registered concern about rising prices. The Conference Board Leading Economic Index rose in July, with unemployment claims, the financial components and the ISM new orders index making the largest positive contributions. The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.

FINANCIAL TIMES

[I]  Trump asks SEC to study scrapping quarterly earnings reports

[I]  Lira under further pressure after US warns of new sanctions

[I]  US grocers scramble to compete online

[I]  ‘Crazy Rich Asians’ and the new face of the 1 per cent

[I]  RBC whistleblower protections under FCA scrutiny

REUTERS

[I]  Worst floods in a century kill scores in Kerala

[I]  China complains about Pentagon report, says it is 'pure guesswork'

[I] U.S. imposes sanctions on Myanmar military over Rohingya crackdown

[I]  Trump backs CEOs, proposes easing corporate reporting rules

[I]  Global Economy: Euro zone limping as global trade war escalates

[I]  U.N. chief suggests options for improved Palestinian protection

BLOOMBERG 

[I]  Turkey Cut Deeper Into Junk as S&P Sees Recession Next Year

[I]  U.S., Mexico Bridge Differences on Nafta Farm Goods

[I]  Odey Says Tesla Feels Like It's Entering Final Stage of Life

[I]  Venezuela Debt Wreck Marks New Milestone as $6.1 Billion Unpaid

[I]  Why Erdogan's "Peculiar Politics" Makes for Bad Economics

[I]  Turkey Promise, China Trade Talk Fail to Dispel Gloom: EM Review

[I]  Druckenmiller Says Semi-Annual Reporting Would Be ‘Challenging’

[I]  Investor Lawsuit Caps a Rough Year for This Veteran ETF Manager

WALL STREET JOURNAL

[I]  U.S., China Draw Up Plan to Settle Trade Dispute by November 

[I]  How Erdogan’s Push for Endless Growth Brought Turkey to the Brink 

[I]  Lira Volatility Spurs Search for New Turkey Hedge

[I]  U.S. Consumer Sentiment Soured in August 

[I]  Youth Summer Jobless Rate at 50-Year Low 

[I]  U.S. Leading Economic Indicators Rose in July 

[I]  Trade Fears Throw Future of U.S. Natural Gas Into Question

[I]  U.S. Housing Starts Bounced Back in July

BUSINESS LINE

[I]  Over 2.5 lakh people in Kerala displaced by worst floods in 100 years; PM survey today

[I]  Earth will remain exceptionally hot till 2022, says new study

[I]  PE funds body wants ‘deemed exports’ status for services

[I]  GST: Cash moved in vans not ‘goods’, says appellate body

[I]  FSSAI sets up expert panel to look into draft labelling regulations

ECONOMIC TIMES

[I]  India's forex reserves may fall below $400 billion mark

[I]  Income Tax collection at record Rs 10.03 lakh crore: CBDT

[I]  PSEs turnover in Haryana rises to Rs 57,628 crore

[I]  US-China trade war could give India Iran boost

[I]  Consumer demand fires up India Inc’s Q1 show

[I]  GDP growth from FY04 higher under new series

[I]  Road ministry gears up to raise funds to meet revised targets

[I]  Companies in a bind over GST on inter-state office services

[I]  Reporting of GST, GAAR details in tax audit report deferred till Mar 2019

[I]  FSSAI ropes in expert panel to review food labelling standards

BUSINESS STANDARD

[I]  Life insurance players clocking strong growth in protection policies

[I]  Demand for co-working space is set to see three-fold rise by 2020

[I]  India's palm oil imports likely to hit six-year low, say experts

[I]  GST officers to ensure companies pass on benefits to the consumers

[I]  India's growing Chinese community inches closer to a place it can call home

Best Regards, ARBIND

18 Aug 2018